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By James Frater and Mark Thompson, CNN Brussels/London (CNN) — The European Union is launching an investigation into China’s state support for makers of electric vehicles as soaring imports of their cars stoke fears for the future of European auto manufacturers. Speaking to the European Parliament Wednesday, European Commission President Ursula von der Leyen said

By Laura He, CNN Hong Kong (CNN) — Wang Bin, the former chairman of one of China’s biggest life insurers, will spend the rest of his life in jail after a court found him guilty of corruption. Wang, 64, was given a death sentence, suspended for two years, at the end of which he will

By Oliver Darcy, CNN (CNN) — Christiane Amanpour still remembers her humble beginnings at CNN. Forty years ago, before she was hired by what was then a groundbreaking news startup, she was an electronics graphics operator at a local NBC affiliate, responsible for the various elements that appear on-air during broadcasts. When she arrived in

CNN By Oliver Darcy, CNN (CNN) — Christiane Amanpour still remembers her humble beginnings at CNN. Forty years ago, before she was hired by what was then a groundbreaking news startup, she was an electronics graphics operator at a local NBC affiliate, responsible for the various elements that appear on-air during broadcasts. When she arrived

CNN By Paul Glader, CNN (CNN) — “You’ll never be successful,” Errol Musk in 1989 told his 17-year-old son Elon, who was then preparing to fly from South Africa to Canada to find relatives and a college education. That’s one of the scenes Walter Isaacson paints in his 670-page biography of Elon Musk, who is

CNN By Oliver Darcy, CNN (CNN) — The White House plans to send a letter to top US news executives on Wednesday, urging them to intensify their scrutiny of House Republicans after Speaker Kevin McCarthy launched an impeachment inquiry into President Joe Biden, despite having found no evidence of a crime. “It’s time for the

By Oliver Darcy, CNN (CNN) — The White House sent a letter to top US news executives on Wednesday, urging them to intensify their scrutiny of House Republicans after Speaker Kevin McCarthy launched an impeachment inquiry into President Joe Biden, despite having found no evidence of a crime. “It’s time for the media to ramp

By Oliver Darcy and Liam Reilly, CNN (CNN) — New York City’s pension funds and the state of Oregon took legal action on Tuesday against Fox Corporation, alleging in a lawsuit that the Fox News parent company failed shareholders by allowing the right-wing channel to recklessly spread lies about the 2020 election that opened it

By Samantha Delouya, CNN (CNN) — Former National Football League reporter Jim Trotter filed a discrimination lawsuit against the NFL and NFL Media Tuesday, alleging that he was let go by the football league because he publicly challenged Commissioner Roger Goodell and other executives on the NFL’s “record of race discrimination and lack of diversity.”

By Nicole Goodkind, CNN New York (CNN) — BP CEO Bernard Looney has resigned after admitting that he had not been “fully transparent” about “historical relationships with colleagues,” according to a statement from the oil giant on Tuesday. Murray Auchincloss, the company’s CFO, will act as CEO on an interim basis. “In May 2022, the

By Brian Fung, CNN Washington (CNN) — Elon Musk should be forced to testify in an expansive US government probe of X, the company formerly known as Twitter, the US government said. The government said mass layoffs and other decisions Musk made raised questions about X’s ability to comply with the law and to protect

By Matt Egan, CNN New York (CNN) — Global oil prices climbed above $92 a barrel on Tuesday for the first time in nearly 10 months as the energy market braces for supply disruptions caused by catastrophic flooding in Libya. At least 2,000 people have died and 10,000 are believed missing following the deadly flooding

CNN By Matt Egan, CNN New York (CNN) — Global oil prices climbed above $92 a barrel on Tuesday for the first time in nearly 10 months as the energy market braces for supply disruptions caused by catastrophic flooding in Libya. At least 2,000 people have died and 10,000 are believed missing following the deadly

By Jennifer Korn, CNN New York (CNN) — TikTok is officially kicking off its US e-commerce efforts with the launch of TikTok Shop. The short-form video platform launched an in-app shopping experience in the United States on Tuesday, according to a company blog post, after months of testing. TikTok Shop allows users to find and

By Jordan Valinsky, CNN Business New York (CNN) — Lyft is introducing a new feature that lets women and non-binary riders choose a preference to match with drivers of the same gender. The ride-hailing company said it was a “highly requested feature” in a blog post Tuesday, saying the new feature allows women and non-binary

Brian Fung, CNN (CNN) — US prosecutors opened a landmark antitrust trial against Google on Tuesday with sweeping allegations that for years the company intentionally stifled competition challenging its massive search engine, accusing the tech giant of spending billions to operate an illegal monopoly that has harmed every computer and mobile device user in the

By Paul Glader, CNN (CNN) — “You’ll never be successful,” Errol Musk in 1989 told his 17-year-old son Elon, who was then preparing to fly from South Africa to Canada to find relatives and a college education. That’s one of the scenes Walter Isaacson paints in his 670-page biography of Elon Musk, who is now

By Olesya Dmitracova, CNN London (CNN) — Economic relations between Moscow and Beijing have become very strong, Russia’s president said Tuesday, a year and half after sweeping sanctions dramatically curtailed ties with the West. “Relations between Russia and China in the sphere of economic cooperation have reached a very high level,” Vladimir Putin said, speaking

By Matt Egan, CNN New York (CNN) — A top US Treasury official is heading to Hong Kong as the White House continues its quest to ease tensions with Beijing and avoid a destabilizing crisis. Joining a growing list of US officials visiting the region, Assistant US Treasury Secretary Brent Neiman is traveling to Hong

By Chris Isidore, CNN New York (CNN) — Shawn Fain is one of the most important people in the US economy today. A year ago, almost no one knew who he was. The new president of the United Auto Workers union, sworn into office less than six months ago, could lead strikes by 145,000 members

By Danielle Wiener-Bronner, CNN New York (CNN) — For about a year and a half, Coca-Cola has experimented with limited-edition beverages that have mystery tastes — most of them with vague, futuristic concepts and undisclosed flavors. The latest one, Coca-Cola Y3000, fits the bill. The one distinction: It’s supposed to taste like the future. Fittingly,

By Laura He, CNN Hong Kong (CNN) — Alibaba Group will embrace artificial intelligence (AI) and promote younger people to senior management, its new CEO says, as the e-commerce and cloud giant tackles its most ambitious restructuring in its history. “Times are changing, and so must Alibaba!” Eddie Wu, who stepped into the chief executive

By Laura He, CNN Hong Kong (CNN) — One of China’s most popular livestreamers has offered a teary apology after getting into a viral online spat in which he questioned whether a viewer had been working “hard enough” to make enough money to afford a product he was selling. The backlash highlighted the ongoing economic

By Oliver Darcy, CNN (CNN) — Walter Isaacson’s highly anticipated biography on Elon Musk is hitting shelves on Tuesday — and he is already walking back a major claim. Isaacson reported in his book that Musk had abruptly turned off Ukraine’s access to his Starlink satellite internet system last year just as the country was

By Kathleen Magramo Hong Kong (CNN) — Philippine Nobel Peace laureate Maria Ressa was acquitted of tax evasion Tuesday, according to her news site Rappler, in the latest legal victory for the veteran journalist. Ressa and Rappler are now cleared of all five tax-related charges filed during the administration of former President Rodrigo Duterte, according

By Chris Isidore, CNN New York (CNN) — United Auto Workers President Shawn Fain denied Monday the broad economy will be hurt if his union goes on strike against the nation’s three unionized automakers as soon as this week, saying the only ones that will be hurt by a work stoppage is are the “billionaire

CNN By Chris Isidore and Vanessa Yurkevich, CNN Detroit (CNN) — With less than a day to go before labor contracts expire at General Motors, Ford and Stellantis, the only certainty is that all 145,000 United Auto Workers at those companies will not strike on Friday. But there’s a good chance at least some of

By Catherine Thorbecke, CNN (CNN) — Threads, the much-hyped social media app from Facebook-parent Meta, is taking heat for blocking searches for “coronavirus,” “Covid,” and other pandemic-related queries. The tech giant’s decision to block coronavirus-related searches on its service comes as the United States deals with a recent uptick in Covid-19 hospitalizations, per CDC data,

By Samantha Delouya, CNN (CNN) — DraftKings issued an apology Monday after offering a 9/11-themed bet in its app. The wager, bearing the title “Never Forget,” was a parlay bet that the New York Mets, New York Yankees and New York Jets would win their respective games on Monday, September 11, according to a screenshot

By Andi Babineau and Natasha Chen, CNN (CNN) — MGM Resorts has shut down some of its systems as a result of a “cybersecurity issue,” according to a company social media post on Monday. Late Tuesday, the company posted an update, saying that its resorts’ dining, entertainment, and gaming “are currently operational.” The statement also

By Oliver Darcy, CNN (CNN) — Disney and Charter Communications announced on Monday that the companies had struck a “transformative agreement” to end a closely watched carriage dispute, a move that will restore access to channels like ESPN and ABC to the nation’s second largest cable television provider’s nearly 15 million subscribers. As part of

By Olesya Dmitracova, CNN London (CNN) — Mounting climate risks, illustrated by the extreme heat, wildfires and floods that ravaged parts of Europe this summer, could hurt the region’s economy as soon as this year, the European Commission warned Monday. In its latest economic forecast, the European Union’s executive arm downgraded its predictions for growth

CNN By Michelle Toh and Mihir Melwani, CNN Hong Kong (CNN) — President Joe Biden left Vietnam Monday after a visit that deepened economic ties between Washington and Hanoi as part of efforts to reduce America’s reliance on China. The former foes formally upgraded diplomatic ties to a “comprehensive strategic partnership,” a symbolic yet highly

By Chris Isidore, CNN New York (CNN) — Time is running short to avoid a strike at America’s three unionized automakers, and the distance between the United Auto Workers union and the companies remains large. The contracts with the three automakers all run out at 11:59 pm Thursday, and UAW President Shawn Fain insists the

By Laura He, CNN Hong Kong (CNN) — Daniel Zhang, the outgoing chairman and CEO of Alibaba, has stepped down from his position running the company’s cloud division in a surprise move announced just months after he assumed the pivotal role. Alibaba’s stock tumbled 3% on Monday in Hong Kong following the announcement. Zhang will

By Michelle Toh and Mihir Melwani, CNN Hong Kong (CNN) — President Joe Biden left Vietnam Monday after a visit that deepened economic ties between Washington and Hanoi as part of efforts to reduce America’s reliance on China. The former foes formally upgraded diplomatic ties to a “comprehensive strategic partnership,” a symbolic yet highly important

Brian Fung, CNN (CNN) — Google will face off in court Tuesday against government officials who have accused the company of antitrust violations in its massive search business, kicking off a long-anticipated legal showdown that could reshape one of the internet’s most dominant platforms. The trial beginning this week in Washington before a federal judge

By Eva Rothenberg, CNN (CNN) — Former Tyson Foods executive Stewart Glendinning will be the new CEO of clothing company Express, replacing Timothy Baxter, effective September 15, the company announced. “The Express Board is confident that (Glendinning) is the right person to reinvigorate performance and build the strongest possible foundation on which Express can succeed,”

By Chris Isidore, CNN Lordstown, Ohio (CNN) — The massive Lordstown Assembly factory in Ohio, nearly the size of the Pentagon, more than 50 years old and nearly empty, is a reminder of the past strength of both General Motors and the United Auto Workers union. The much smaller, new electric vehicle battery factory next

By Ramishah Maruf, CNN New York (CNN) — The Queen, better known as Beyoncé, had a dress code in mind for Renaissance tour concert goers attending her “House of Chrome,” as she described her concerts. The superstar made a last-minute request on Aug. 23 on her website to wear silver at the Renaissance Tour in

By Clare Duffy, CNN New York (CNN) — Elon Musk’s X Corp., the parent company of the platform formerly known as Twitter, on Friday sued California’s attorney general over the state’s new content moderation law. California Gov. Gavin Newsom signed bill AB 587 into law last September. The law requires social media companies to post

By Allison Morrow, CNN New York (CNN) — Flexport founder Ryan Petersen said his supply chain management firm would rescind dozens of job offers just days before many applicants were scheduled to start work — a move that followed a dramatic leadership shakeup this week. “I am deeply sorry to those people who were expecting

By Ramishah Maruf, CNN New York (CNN) — CPAP sleep apnea machine maker Philips Respironics agreed to pay at least $479 million in a settlement over alleged health risks from toxic sound reducing foam, lawyers for the plaintiff announced Thursday. The settlement will go toward users who bought or rented the recalled devices and those

By Matt Egan, CNN New York (CNN) — The US Energy Department has issued an emergency order aimed at keeping the lights on in Texas as the state’s power grid grapples with surging demand amid record-high temperatures. The order, issued Thursday night, could allow Texas power plants to surpass pollution limits through Friday night to

By Jordan Valinsky, CNN Business New York (CNN) — Coco Gauff’s first-ever US Open finals appearance is serving up increased demand from tennis fans. After the 19-year-old phenom clinched her place Thursday in the Grand Slam final, ticket sales soared 20% with the average price hovering around $500, according to StubHub, and the ticket marketplace

By Nathaniel Meyersohn, CNN New York (CNN) — LGBTQ dating app Grindr ended its remote work policies and forced employees to relocate. Nearly half of its staff left. In early August, Grindr announced a return-to-office mandate. The policy gave workers two weeks to choose between relocating to their respective team’s newly assigned “hub” city to

By Mark Thompson and Michelle Toh, CNN London (CNN) — Workers at Chevron’s liquified natural gas facilities in Australia have begun to walk off the job in a dispute that threatens as much as 7% of global supplies and could add to rising pressure on energy prices. Talks aimed at resolving the dispute over pay

By Laura He, CNN Hong Kong (CNN) — Norges Bank Investment Management (NBIM), which operates the world’s largest sovereign wealth fund, has started the process of closing down its office in Shanghai, in another sign of big global companies pulling back operations in the world’s second largest economy. The firm, which manages Norway’s $1.4 trillion

By Rob McLean, CNN New York (CNN) — Square, the digital payments company, experienced outages on several services Thursday. “We are currently experiencing issues with multiple Square services. We understand how important it is for your business that our services be up and running, and we are actively working toward a fix,” the company tweeted

By Juliana Liu and Yoonjung Seo, CNN Hong Kong/Seoul (CNN) — SK Hynix, a South Korean chipmaker, is investigating how two of its memory chips mysteriously ended up inside the Mate 60 Pro, a controversial smartphone launched by Huawei last week. Shares in Hynix fell more than 4% on Friday after it emerged that two

CNN By Laura He, CNN Hong Kong (CNN) — China’s exports of two rare minerals essential for manufacturing semiconductors fell to zero in August, a month after Beijing imposed curbs on sales overseas, citing national security. China produces about 80% of the world’s gallium and about 60% of germanium, according to the Critical Raw Materials

By Sara Smart, CNN (CNN) — Tortilla chip brand Paqui says it is voluntarily removing its ultra-spicy “One Chip Challenge” from shelves after a Massachusetts family claims their 14-year-old son may have died from complications from the challenge. Authorities have not confirmed or commented on whether consumption of the chips caused the teen’s death. Paqui

By Laura He, CNN Hong Kong (CNN) — Chinese makers of electric vehicles have come out in force for this week’s IAA Mobility auto show in Munich, Germany. About 50 companies — including heavyweight BYD and upstarts like Xpeng — have traveled to the city, according to China’s state media, about twice as many as

By Samantha Delouya, CNN (CNN) — Walt Disney Parks and Resorts has amended its lawsuit against Florida Governor Ron DeSantis and his hand-picked oversight board, dropping all of its claims except one. The lawsuit, filed in federal court, now focuses solely on the claim that DeSantis and his allies allegedly weaponized their political power to

By Samantha Delouya, CNN (CNN) — Party City exited bankruptcy on Wednesday after a US judge signed off on the retailer’s reorganization plans. The plan cancels nearly $1 billion of Party City’s debt, and while some of Party City’s nearly 800 US stores will close due to the bankruptcy agreement, the majority will stay open,

By Oliver Darcy, CNN (CNN) — Jen Psaki’s cable news show is expanding into prime time. The former White House press secretary turned MSNBC personality will begin hosting the network’s Monday 8pm ET hour starting on September 25. Psaki has hosted “Inside with Jen Psaki” on Sundays at 12pm ET since the spring of this

By Nicole Goodkind, CNN New York (CNN) — Shares of Apple fell by 2.9% on Thursday following reports that China plans to expand a ban on the use of iPhones to government-backed agencies and companies. Investors are fretting over the ability of the world’s most valuable public company to do business in the world’s second-largest

By Jeanne Sahadi, CNN New York (CNN) — The phrase “pension benefits” may come up a lot in the next several days as negotiations between the United Auto Workers union and the Big Three automakers go down to the wire to avert a strike. But for most private-sector US workers, pensions disappeared long ago. In

CNN By Elisabeth Buchwald, CNN New York (CNN) — There are many reasons why gas prices could shoot up in the near future, but the Biden administration’s ban on oil drilling on millions of acres in Alaska in unlikely to be one of them. The ban, announced on Wednesday, cancels seven Trump-era oil and gas

By Elisabeth Buchwald, CNN New York (CNN) — There are many reasons why gas prices could shoot up in the near future, but the Biden administration’s ban on oil drilling on millions of acres in Alaska in unlikely to be one of them. The ban, announced on Wednesday, cancels seven Trump-era oil and gas leases

By Nathaniel Meyersohn, CNN New York (CNN) — You’re going to need a play-call sheet to keep track of where to watch the National Football League on television this season. The NFL season kicked off Thursday night with the Detroit Lions winning a surprise upset over the reigning Super Bowl champion Kansas City Chiefs.(NBC and

By Krystal Hur, CNN New York (CNN) — Taylor Swift’s fans know the greatest films of all time were never made, but that could be called into question come October 13, when her Eras Tour concert movie is set for release in North America. The bigger question might be: Why did Swift decide to release

By Parija Kavilanz, CNN New York (CNN) — Pinterest on Thursday said it has harnessed AI to develop technology that would deliver greater representation of diverse body types in its search results. Using shape, size and form to identify body types in images, the new body-type technology lets people search results that show bodies like

By Lauren Kent London (CNN) — The CEO of Ryanair, Michael O’Leary, was pied in the face during a Thursday visit to Brussels in a stunt by climate activists. O’Leary was outside the European Commission preparing to deliver a petition calling for “overflights” to be protected during air traffic control strikes when he was hit

By Kara Scannell, CNN New York (CNN) — Ryan Salame, a former top executive of FTX, the now-bankrupt cryptocurrency trading platform, has pleaded guilty to criminal charges in a New York courtroom on Thursday afternoon. He has also agreed to forfeit $1.5 billion. The plea comes less than one month before Sam Bankman-Fried, co-founder of

By Clare Duffy, CNN New York (CNN) — Snapchat says it’s working to make its app even safer for teen users. Parent company Snap said Thursday that it is rolling out a suite of new features and policies aimed at better protecting 13- to 17-year-old users, including restrictions on friend suggestions and a new system

By Chris Isidore, CNN New York (CNN) — President Joe Biden may hope the United Auto Workers union will not strike the nation’s three unionized automakers. But right now about all he can do is hope. Biden doesn’t have the legal authority he would have if a freight railroad or airline was threatening to strike.

By Aimee Look and Mostafa Salem, CNN Abu Dhabi (CNN) — With its glitzy luxury resorts and a world-renowned horse racing industry, the United Arab Emirates soon might have a new card to play in attracting visitors — gambling. The UAE introduced a new regulatory body to oversee commercial gaming on Monday, made up of

By Anna Cooban, CNN London (CNN) — British American Tobacco has struck an agreement to sell its businesses in Russia and Belarus, the company announced Thursday, more than 18 months after Moscow’s full-scale invasion of Ukraine sparked a mass exodus of Western firms from Russia. BAT (BTI) said in a statement that it had entered

By Oliver Darcy, CNN (CNN) — Elon Musk’s crusade to demonize the Anti-Defamation League is showing no signs of ending. The billionaire, burning white-hot anger at the Jewish nonprofit because it had the audacity to point out how hate speech has flourished on his X/Twitter platform, continued on Wednesday smearing the ADL and unleashing a

By Jessie Yeung, CNN (CNN) — The head of Japan’s top pop agency Johnny & Associates stepped down Thursday after admitting that her uncle, the company’s late founder, had sexually abused minors for years, following months of international scrutiny and an independent investigation. Julie K Fujishima, the niece of Johnny Kitagawa, announced her resignation in