Global Business

Fed holds interest rate unchanged amid uncertainty

June 21, 2022

El Salvador continues to buy Bitcoin as prices crash

See what Bitcoin’s crash means for El Salvador, the first country in the world to adopt Bitcoin as legal tender.

June 20, 2022

Argentinian beef producer invest in education for local workers

A beef production company in Argentina has created a program to bring many of its workers the secondary education that many lacked. Take a look at how the program works and what CGTN’s Joel Richards discovered when he spoke with staff and managers.

June 20, 2022

Major corporations face backlash for attempting to co-opt Juneteenth

People across the U.S. and beyond are this Monday marked the second official Juneteenth federal holiday.

June 20, 2022

Possible strike for West Coast port workers could worsen supply chain crisis

Port and dock workers on the U.S. West Coast are promising not to go on strike amid negotiation difficulties. But, if a strike were to happen, the situation would exacerbate the already tricky supply chain crunch and could have an impact on the U.S. economy. Here’s what could happen.

June 18, 2022

Fed rate hike could price millions out of housing market

See what Fed rate hike means for home buyers in the U.S.

June 14, 2022

U.S. officials look to rein in rampant inflation

The U.S. Federal Reserve is expected to increase interest rates by at least half a percentage point on Wednesday.

June 6, 2022

New developers look for opportunities in the Metaverse

Since the pandemic began, work for millions of people around the world has been transformed by video applications like Zoom. But for the pioneers of the metaverse, this is just the start of a revolution.

June 3, 2022

U.S. economy added nearly 400,000 jobs in May

The inflation crisis is making life more expensive for everyone,but U.S. employers seem undeterred and helped the economy add 390,000 jobs in May.

June 3, 2022

Inflation remains a big concern in Brazil

Brazil’s economy grew 1% in the first quarter of the year, but soaring inflation continues to hurt the country. Find out more.

May 25, 2022

Learn about Meru, the Alibaba of Latin America

See how a Mexican B2B ecommerce company connects Chinese manufacturers directly with independent businesses in Latin America.

May 9, 2022

Chinese owned business succeeds through sustainability, plastic recycling in US

Sunfiber has helped reverse some of the economic hardship here. Two production lines run 24 hours a day. They employ about 200 U.S. staff and about 20 Chinese employees.

May 2, 2022

Demand for doomsday bunkers spike amid Ukraine conflict

Many are anxious the clash with Russia could easily spiral out of control, dragging more countries into direct confrontation with the world’s largest nuclear force.

April 26, 2022

World reacts to Elon Musk buying Twitter

People around the world have mixed reactions about Elon Musk buying Twitter. Find out more.

April 24, 2022

Dwellings offer guests unique experience in the outdoors

The COVID-19 pandemic has spurred demand for outdoor experiences and lodging. Hotels offering a stay in a yurt are seeing a rise in interest and revenue.

April 15, 2022

TikTok users in Brazil defecting to new Chinese app Kwai

A new Chinese platform for short videos is gaining popularity Latin America recently. Learn more.

April 14, 2022

Tiny homes market picks up steam in San Francisco

The San Francisco Bay Area regularly tops the list as one of America’s most expensive housing markets.

April 14, 2022

E-Bike sales surge in Brazil

Brazil is seeing a spike in E-Bike sales, as more people turn to electric-powered vehicle.

April 14, 2022

Mexico’s Queretaro city invest in aerospace industry and training

The COVID-19 pandemic hit many industries hard. Among them, is the aerospace industry – which includes commercial airliners and space rockets.

March 30, 2022

Luxury home sales boom as market rebounds

Real estate experts say, for many people, the coronavirus pandemic triggered a desire to change their lifestyles.

March 30, 2022

Economists warn of possible housing bubble despite market growth

Housing bubble: it’s a phrase that can make new home buyers break into a cold sweat – especially in this market.

March 26, 2022

Argentina and IMF reach preliminary $45 bln deal to resolve debt

By reaching a new deal with IMF on Friday, Argentina’s government now hopes for much-needed economic stability, but challenges remain. Find out more.

March 26, 2022

Thousands of gamers in San Francisco for in-person event

Thousands of gamers arrived in San Francisco for the first in-person Game Developers Conference in two years. Find out more.

March 24, 2022

U.S. reinstates tariff exemptions on 352 Chinese imports

The U.S. has reinstated an exclusion on some 352 tariffs on Chinese imports from bicycles to binoculars into the U.S. Find out more.

March 22, 2022

Interactive “Arcadia Earth” art exhibit showcases AR experience of Earth

It’s a highly visual and interactive experience that looks at the impacts of climate change and provides simple steps every single one of us can take to tackle the problem.

March 19, 2022

Chinese car companies charge into Brazilian market

See how Chinese electric vehicle companies are targeting South American market expansion.

March 19, 2022

Fed interest rate rise affects emerging markets

As U.S. interest rates go up, they’ll likely also impact emerging markets. Most countries are recovering more slowly from the pandemic than the U.S. So the rate move further complicates a difficult economic environment for many nations.

March 19, 2022

Major financial monitors warn of economic cost of Ukraine crisis

The conflict between Russia and Ukraine threatens to cost the global economy about $1 trillion in lost output this year, the IMF warns. The Fund has already downgraded growth for major economies.

March 14, 2022

How can the U.S. Federal Reserve keep the economy on a growth track?

Global Business will take a closer look at the Federal Reserve and bid to keep the economy on a growth track in a special five-part series.

March 11, 2022

Cuba’s economy hurt by closure of European airspace to Russian planes

The effect of Western sanctions on Russia has rippled across the world as the global economy struggles to recover from the COVID-19 pandemic. Cuba has been harder hit than most countries because of its dependence on Russia.

March 11, 2022

Americans feel impact of Russia sanctions at gas pump

Americans feel the pinch of the U.S. cutting off purchases of Russian oil. Due to higher taxes, environmental laws, and location, California’s gas is the highest in America. Government officials is looking for ways to provide relief.

March 8, 2022

See how interest rates affect the stock market

See why interest rates have such a profound impact on the stock market.

March 8, 2022

U.S. bans all Russian oil and gas imports

Prices at the gas pump are likely to skyrocket even more in the U.S. as President Joe Biden institutes a ban on all Russian energy imports. See the latest.

March 8, 2022

Older Venezuelan women face greater economic hardship

The Venezuela government recently increased payments to pensioners from an average of $2 a month to nearly $30. But that’s not enough for older women, especially those without jobs.

March 8, 2022

How home exercise has evolved during the COVID pandemic

See how COVID has changed the fitness equipment industry in the U.S.

March 3, 2022

More companies back away from Russia due to Ukraine crisis

Russian actions in Ukraine have triggered an unprecedented number of companies to withdraw from Russia.

March 3, 2022

Colombian entrepreneurs look for new opportunities to succeed

A new world ranking says Colombians show a high level of entrepreneurial spirit.

March 3, 2022

Chinese Ambassador to US visit American factory

On his first visit to the factory on Tuesday, the Chinese Ambassador to the U.S., Qin Gang, took his time to speak to employees about their experience working for the company.

March 3, 2022

Federal Reserve chair testifies before lawmakers

Federal Reserve Chair Jerome Powell testified before lawmakers about financial conditions.

March 1, 2022

State of the Union: Biden and U.S economy

U.S. President Joe Biden will deliver his first State of the Union speech this Tuesday amid arguably the most dangerous geopolitical climate for decades. Russia’s attack on Ukraine has sent shockwaves across the globe, raising questions about what it means for stability and the international […]

February 28, 2022

More Americans likely to buy cryptocurrency

Americans are increasingly turning to cryptocurrency. Is cryptocurrency safe? Find out more.

February 24, 2022

The economic impact of the Russia-Ukraine conflict escalates

See how the Russia-Ukraine conflict is affecting the global economy.

February 23, 2022

Upcycling becomes growing trend in food industry

You’ve heard of recycling but what about upcycling? It’s becoming a buzzword in the food industry, referring to giving value to foods and food products you would normally throw away. This applies to things like banana peels, avocado pits and days-old bread. CGTN’s Frances Kuo […]

February 23, 2022

Mexico’s economy struggles to bounce back after pandemic recession

As countries around the world seek to bounce back from the economic devastation of the COVID-19 pandemic, we are seeing mixed results.

February 23, 2022

Electric motors gain popularity in boating industry

While the car industry has been shifting away from gasoline for years now, the boating industry has lagged behind.

February 23, 2022

China General Chamber of Commerce hold Lunar New Year gala

The China General Chamber of Commerce USA has kicked off the Lunar New Year with a celebration of business leaders.

February 12, 2022

Impact of inflation on the U.S. auto industry

Used car prices in the United States are at a record high, tied to that classic equation of supply and demand. Supplies are tight because production of new cars slowed amid chip shortages linked to the pandemic.

February 12, 2022

How supply chain issues are impacting on the computer chip industry

Their size is completely disproportionate to their importance to the global economy. Semiconductors or computer chips are used in just about everything – including whatever device you’re watching this on. But their supply chains have been disrupted during the pandemic. So, the world’s biggest […]

February 11, 2022

Inflation hits Valentine’s Day gifts

See how inflation hits roses and chocolates of Valentine’s Day.

February 7, 2022

See how inflation hits economies across the world

In the U.S., Americans are struggling with the highest inflation rate in four decades. Inflation was up 7 percent in December from a year earlier. The Euro zone also grappling with high energy prices. Consumer prices in the Euro area rose at a record rate […]

February 7, 2022

Argentina joins China’s Belt and Road Initiative

Argentina has announced that it is officially joining China’s Belt and Road Initiative. In doing so, it has become Latin America’s largest economy to formally join Beijing’s flagship infrastructure and investment project.

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