May 28, 2020
The US could end its special relationship with Hong Kong. But for western companies, it’s complicated
Hong Kong (CNN Business) The United States may soon terminate its special economic and trading relationship with Hong Kong. Experts say losing the status won't cause an immediate exodus of big western companies from the global financial hub, but it…
May 28, 2020
Boeing is building the 737 Max again even though it is not yet approved to fly
New York (CNN Business) Boeing restarted production of the troubled 737 Max Wednesday, even though the Federal Aviation Administration has yet to give its approval for the jet to fly again, and as demand for new jets has ground to a near halt along…
May 27, 2020
GE is saying goodbye to its 129-year-old light bulb business
New York (CNN Business) General Electric is saying goodbye to the light bulb. The conglomerate is shedding a struggling business founded by Thomas Edison more than a century ago. After years of failing to find a buyer, GE announced Wednesday it will…
November 3, 2019
Turks and Caicos Islands to gain greater renewable energy integration under new partnership with FortisTCI and Clinton Foundation
A new partnership will advance a regulatory framework, utility-scale energy storage, electric vehicle integration, and the promotion of energy efficiency. Providenciales, Turks and Caicos Islands (Wednesday, October 30, 2019) – On Wednesday, October…
October 28, 2019
Louis Vuitton owner offers to buy jewelry icon Tiffany & Co
Hong Kong (CNN Business) - French luxury goods giant LVMH (LVMHF) has offered to buy Tiffany & Co., the iconic New York jeweler known for its little blue boxes. LVMH, which is run by billionaire CEO Bernard Arnault and owns brands such as Louis…
October 21, 2019
There are more wealthy Chinese than Americans for the first time
London (CNN Business)For the first time, there are more rich Chinese than Americans in the top 10%. A new report from Credit Suisse (CS) shows that wealth in China is ticking up, and the country now accounts for 100 million of the richest 10% of…
June 20, 2019
Trump & Xi meeting at G20 raises hope for trade truce
US President Donald Trump and China's Xi Jinping said yesterday they plan to meet next week at the Group of 20 summit in Japan, raising hopes for a truce in an increasingly damaging trade war between the world's top two economies. Trump said the…
June 5, 2019
Shoe giants urge Trump to end tariffs
Some of the world's biggest footwear firms are urging Donald Trump to end the US trade war with China, warning of a "catastrophic" effect on consumers. A letter signed by 173 companies, including Nike and Adidas, says the president's decision to…
May 28, 2019
Johnson & Johnson faces trial over opioid crisis
Johnson & Johnson, one of the world's largest drug manufacturers, has gone on trial in a multi-billion dollar lawsuit by the US state of Oklahoma. Prosecutors accuse the firm of deceptively marketing painkillers and downplaying addiction risks,…
May 21, 2019
‘One last chance’ to get Brexit done says May
Theresa May has told MPs they have "one last chance" to deliver Brexit, as she set out a "new Brexit deal". MPs will get a vote on whether to hold another referendum if they back the EU Withdrawal Agreement Bill, she said. The bill also contains new…