Category Archives: CNN – Business

Asian markets mixed after latest trade developments, China sets key rate lower

Asian markets mixed after latest trade developments, China sets key rate lower

Asian markets were mixed Tuesday as China took the next, critical step in a long-awaited money management reform, and as the United States gave the Chinese tech company Huawei a slight reprieve in Washington’s ongoing trade war with Beijing. China’s Shanghai Composite Index edged up 0.2%, following a 2.1% gain the day before. Hong Kong’s…MORE

Hong Kong’s richest man cuts $5.6 billion deal for a British pub chain

Hong Kong’s richest man cuts $5.6 billion deal for a British pub chain

A real estate company controlled by Hong Kong’s richest man is paying a big premium to buy a British pub chain and brewer. Li Ka-shing‘s CK Asset Holdings said Monday that it had reached an agreement to buy Greene King in a deal worth £4.6 billion ($5.6 billion), including its debt. The Hong Kong company…MORE

Amazon to pass along costs of France’s ‘digital services tax’

Amazon to pass along costs of France’s ‘digital services tax’

Amazon will pass along the costs of a new French digital tax to its third-party sellers beginning on October 1, the company told US trade officials Monday. The new policy applies to Amazon sellers based in France, as well as US-based sellers shipping to French customers, said Peter Hiltz, Amazon’s director of international tax policy…MORE

Fast food companies are betting big on delivery. It might not pay off

Fast food companies are betting big on delivery. It might not pay off

This is the golden age of food delivery. Years ago, most people who wanted food to arrive at their door were limited to pizza. But delivery platforms like DoorDash, Uber Eats, Postmates and Grubhub have opened the floodgates: Now, people can order breakfast from Panera, coffee from Starbucks, a burrito from Chipotle, a burger from…MORE

Disney unveils international rollout of streaming service

Disney unveils international rollout of streaming service

Disney has released the international launch dates, prices and platforms for its upcoming Disney+ streaming service. The product, which is set to be released in the United States on November 12, will be available in Canada and the Netherlands on the same day. It will then launch in Australia and in New Zealand one week…MORE

Nike further expands protections for pregnant athletes after fierce backlash

Nike further expands protections for pregnant athletes after fierce backlash

Nike is making further changes to its maternity policy for sponsored athletes after its previous rules sparked a backlash from high-profile stars. The policy adjustment ensures that female athletes won’t be “adversely impacted financially for pregnancy” for 18 months, which is six months more than under the previous policy. The company confirmed the changes to…MORE

Dow jumps 250 points on hopeful signals about trade

Dow jumps 250 points on hopeful signals about trade

The Dow soared Monday and US stocks scored their third straight rally as investors grew increasingly optimistic about a potential resolution to the the trade war and a limit to its economic fallout. Although President Donald Trump has repeatedly fanned the trade war flames, he tweeted Sunday that the United States and China were “talking.”…MORE

Germany’s central bank issues recession warning

Germany’s central bank issues recession warning

Germany’s central bank is warning that the country could be slipping into recession. The Bundesbank said Monday that Europe’s largest economy “is probably set to remain lackluster in the third quarter of 2019.” It predicts that GDP “could continue to fall slightly.” GDP for the three months ended June contracted 0.1% compared to the first…MORE

China’s central bank is cutting interest rates by stealth

China’s central bank is cutting interest rates by stealth

Central banks around in the world are cutting interest rates to head off recession. China is now joining them, but in a roundabout way. On Saturday, the People’s Bank of China launched a long-awaited reform to the way it manages money in the world’s second biggest economy to support growth and employment. Its aim is…MORE