Category Archives: CNN – Business

Investigation finds World Bank leaders pushed staffers to boost rankings for China and Saudi Arabia in high-profile reports
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Investigation finds World Bank leaders pushed staffers to boost rankings for China and Saudi Arabia in high-profile reports

The World Bank says it will stop publishing its annual Doing Business economic report after an independent investigation found bank leaders placed “undue pressure” on staffers to alter data to inflate the rankings for China and Saudi Arabia in 2018 and 2020 editions of the report. The bank commissioned the law firm WilmerHale to conduct…MORE

Extreme weather keeps knocking out America’s power. Here’s what we must do
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Extreme weather keeps knocking out America’s power. Here’s what we must do

The image of a collapsed electrical tower and power lines that Hurricane Ida tossed into the Mississippi River illustrated a fundamental challenge facing the nation: Our power systems weren’t built to withstand extreme weather events. Without major investments to reinforce, modernize and clean our grid, the question will not be whether it fails, but when.…MORE

The US economy is powering through Delta
Jutharat Pinyodoonyachet/Bloomberg/Getty Images

The US economy is powering through Delta

“Delta? What Delta?” That was the take from Ian Shepherdson, chief economist at Pantheon Macroeconomics, after seeing the data on US retail sales for August. What’s happening: Contrary to expectations, US retail sales increased last month as consumers continued to shell out on clothing, furniture and groceries. It’s a promising sign heading into the crucial…MORE

Trump abandoned this giant trade deal. Now, China wants in
Esteban Felix/AP

Trump abandoned this giant trade deal. Now, China wants in

China has applied to join a major Asia-Pacific trade partnership that the United States ditched several years ago, as the world’s second largest economy tries to bolster its relationships in the region. Chinese Commerce Minister Wang Wentao applied for membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), according to a statement published…MORE

5 things to know about Evergrande, the Chinese business empire on the brink
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5 things to know about Evergrande, the Chinese business empire on the brink

The troubles of Chinese conglomerate Evergrande have dominated headlines in recent days after it warned once again that it could default on its astronomical debt because of a cash crunch. Experts have characterized the firm’s struggles as a major test for Beijing that risks turning into China’s Lehman Brothers moment, sending shockwaves across the world’s…MORE

Some small businesses are happy about Biden’s vaccine mandate
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Some small businesses are happy about Biden’s vaccine mandate

Maintaining a healthy environment during a pandemic without alienating employees and customers who don’t want to wear masks or get vaccinated has been a headache for small business owners. Although everyone has questions about how it will work, some were relieved by President Biden’s announcement last week that employers with 100 or more staff will…MORE

Jaw-dropping moments in WSJ’s bombshell Facebook investigation
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Jaw-dropping moments in WSJ’s bombshell Facebook investigation

This week the Wall Street Journal released a series of scathing articles about Facebook, citing leaked internal documents that detail in remarkably frank terms how the company is not only well aware of its platforms’ negative effects on users but also how it has repeatedly failed to address them. There’s a lot to unpack from…MORE

United CEO: Employer mandate is the best way to raise vaccination rates
Wayne Slezak/United

United CEO: Employer mandate is the best way to raise vaccination rates

United Airlines has achieved a high level of compliance with the strict vaccine mandate it set for its 67,000 US employees. But the airline’s CEO doesn’t believe expanding that requirement to passengers is a good idea. United CEO Scott Kirby told CNN that about 90% of the company’s employees have shown proof of their vaccination…MORE

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