Category Archives: CNN – Business

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 on hopeful signals about trade

Dow jumps on hopeful signals about trade

The Dow soared Monday 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.” He also tried to tamp down recession fears,…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

America’s CEOs just made a significant, if mainly symbolic, change

America’s CEOs just made a significant, if mainly symbolic, change

Is the purpose of a company to enrich shareholders by maximizing profit? Or must a business also enrich the lives of its customers, employees and communities it serves? Both, America’s CEOs say. The Business Roundtable on Monday said America’s corporations are responsible for improving society by serving all stakeholders ethically, morally and fairly. It’s a…MORE

Stocks rally as Trump preaches optimism and China digs in

Stocks rally as Trump preaches optimism and China digs in

Happy Monday. A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. Investors desperate for good news on trade and global economic growth are in luck. Over the weekend, Trump downplayed concerns that the US economy is slowing, and he said that…MORE

Playlist