Category Archives: CNN – Business

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 retaliates with tariffs on $75 billion of US goods

China retaliates with tariffs on $75 billion of US goods

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 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 announced…MORE

Dow drops more than 400 points after Trump tweets on China, Fed

Dow drops more than 400 points after Trump tweets on China, Fed

Volatile trading rocked the Dow on Friday, after President Donald Trump responded to new retaliatory tariffs from China and criticized the US Federal Reserve. The stock index fell more than 400 points, or about 1.6%, after Trump tweeted he “will be responding to China’s tariffs this afternoon.” “We don’t need China and, frankly, would be…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

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