Category Archives: CNN – Business

China has announced a new plan to crack down on most single-use plastics by 2025

China has announced a new plan to crack down on most single-use plastics by 2025

The Chinese government has announced a new plan to crack down on plastic pollution across the country by 2025, including a ban on single-use plastic straws and bags. In a statement Sunday, China’s National Development and Reform Commission (NDRC) said both the production and use of a large number of single-use plastics would be slowly…MORE

Pharmaceutical stocks spike after China reports new coronavirus cases

Pharmaceutical stocks spike after China reports new coronavirus cases

Chinese pharmaceutical stocks skyrocketed Monday as China reported more than 100 new cases of pneumonia caused by a new strain of coronavirus. Jiangsu Bioperfectus Technologies, a company that recently said it has created a drug testing kit that could allow hospitals to better detect the virus, jumped by 20% on the Star Market. That’s the…MORE

22 men own more wealth than Africa’s 326 million women, Oxfam says

22 men own more wealth than Africa’s 326 million women, Oxfam says

Global inequality is “out of control” because of biased economic systems that exclude many women while allowing billionaires to amass huge fortunes that do little for society, according to Oxfam International. The charity is calling on governments to implement policies that ease the burden on women who provide care for children and the elderly, often…MORE

‘Bad Boys For Life’ wins the box office with huge holiday weekend

‘Bad Boys For Life’ wins the box office with huge holiday weekend

Sony has revamped some of its franchises to big box office numbers in recent years. Spider-Man swung back into action with blockbuster numbers at the box office (thanks to an assist from Disney’s Marvel Studios) and Jumanji followed soon after, notching huge totals around the world (thanks to an assist from Dwayne “The Rock” Johnson).…MORE

This US bond will hit markets for the first time in decades. Here’s why

This US bond will hit markets for the first time in decades. Here’s why

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. The US government is bringing back a bond it hasn’t issued since 1986 as America’s deficit continues to balloon. After looking at a range of long-dated options, the US Treasury has announced…MORE

Trump vs. Thunberg: The climate crisis could dominate Davos

Trump vs. Thunberg: The climate crisis could dominate Davos

US President Donald Trump and environmental activist Greta Thunberg are getting top billing at Davos this year as the conference for global elites turns its attention to the climate crisis and sustainability. The World Economic Forum’s 50th annual meeting begins Monday, drawing 3,000 of the world’s richest and most powerful people to a picturesque skiing…MORE

Pork markets to become a big winner in the US-China trade truce

Pork markets to become a big winner in the US-China trade truce

Just a day after the United States and China signed a phase 1 trade deal, The US Department of Agriculture released a report that delivers another optimistic message to US farmers: Chinese demand for pork is likely to boost the US pork markets in 2020. The latest USDA report shows that 26.5% of US pork…MORE

Gas heating is the biggest threat to Britain’s climate goal

Gas heating is the biggest threat to Britain’s climate goal

The United Kingdom made history last year when it became the first major economy to commit to pumping no more greenhouse gases into the atmosphere than it removes by 2050. Dozens of countries have since followed its lead to achieve “net zero” emissions, and with three decades to go before the deadline, Britain’s progress provides…MORE