Category Archives: CNN – Business

The man who tried to unite India’s fragmented economy has died

The man who tried to unite India’s fragmented economy has died

The man who implemented India’s biggest economic reforms of the 21st century has died. Arun Jaitley, who served as India’s finance minister for the last five years, passed away on Saturday in New Delhi. He was 66. Jaitley took charge as India’s top economic official in 2014, following Prime Minister Narendra Modi’s victory in an…MORE

What China’s new tariffs mean for you

What China’s new tariffs mean for you

It’s hard to keep up with the tit-for-tat trade war between the United States and China. While trade negotiations are ongoing, Chinese President Xi Jinping and President Donald Trump have been imposing waves of new tariffs for more than a year now. No one is winning. Businesses, and therefore consumers, in both countries are feeling…MORE

Koch Industries is the most important company you may not know

Koch Industries is the most important company you may not know

Koch Industries is unlike any other company. There is no other business so closely held by one family that is also so big and so diversified. David Koch, 79, who died Friday, and his brother Charles, 83, have owned the company since their father passed away in 1967. Koch Industries started under the name Wood…MORE

Cathay Pacific’s crisis just got even uglier

Cathay Pacific’s crisis just got even uglier

Hong Kong’s top airline can’t escape the city’s political crisis. The Hong Kong Confederation of Trade Unions, a major local labor organization, called on Cathay Pacific on Friday to “respect the freedom of speech of employees.” The remarks followed the firing of one of its affiliate union’s leaders, a flight attendant for the airline’s regional…MORE

China and the US ratchet up trade war in a day of retaliation

China and the US ratchet up trade war in a day of retaliation

The US-China trade war ratcheted up yet again on Friday, with Beijing unveiling a new round of retaliatory tariffs on about $75 billion worth of US goods. China will place additional tariffs of 5% or 10% on US imports starting on September 1st, according to a statement posted by China’s Finance Ministry. The Ministry also…MORE

Hasbro strikes deal to buy Peppa Pig owner for $4 billion

Hasbro strikes deal to buy Peppa Pig owner for $4 billion

Hasbro has cut a deal to buy the company that owns popular children’s cartoon Peppa Pig, expanding its push into entertainment with a bet on preschoolers. The US toymaker said Thursday that it had reached an agreement to buy eOne for $4 billion. The entertainment company, which trades on the London Stock Exchange, also owns…MORE

Hong Kong’s subway operator says it will shut down service at signs of violence

Hong Kong’s subway operator says it will shut down service at signs of violence

Hong Kong’s subway operator says it will crack down on violence at its train stations. MTR’s announcement comes amid heavy criticism of the company from Chinese state media, which has accused it of helping participants of the city’s pro-democracy protests. The subway system has also been disrupted by demonstrations over the past several weeks. The…MORE