Money

By Anna Cooban, CNN London (CNN) — Adidas has slumped to a rare annual loss, hit by the fallout from its costly break-up with rapper Ye, falling sales in North America and a huge tax bill. The German sportswear giant posted a net loss of €58 million ($63 million) in its core business in 2023,

By Hanna Ziady, CNN London (CNN) — BP and an oil company owned by the United Arab Emirates have shelved talks to buy a 50% stake in Israel’s leading natural gas producer, judging the $2 billion deal too risky as the war in Gaza rages. NewMed Energy said Wednesday that all three companies had agreed

CNN By Laura He, CNN Hong Kong (CNN) — Zhong Shanshan, China’s richest man, is facing a wave of attacks from nationalists who accuse him of a lack of patriotism in a campaign that has hit the price of shares of his beverage company and threatens to hurt its sales. Zhong and his drinks firm

By Laura He, CNN Hong Kong (CNN) — Zhong Shanshan, China’s richest man, is facing a wave of attacks from nationalists who accuse him of a lack of patriotism in a campaign that has hit the price of shares of his beverage company and threatens to hurt its sales. Zhong and his drinks firm Nongfu

By Brian Fung, CNN (CNN) — European Union lawmakers gave final approval Wednesday to a landmark law governing artificial intelligence, leapfrogging the United States once again on the regulation of a critical and disruptive technology. The first-of-its-kind law is poised to reshape how businesses and organizations in Europe use AI for everything from health care

Analysis by Oliver Darcy, CNN New York (CNN) — Oops? After spending weeks breathlessly questioning President Joe Biden’s mental faculties in the wake of Special Counsel Robert Hur’s explosive report, some of America’s top news organizations on Tuesday effectively stated that Hur’s characterization of the commander-in-chief was off base. The Wall Street Journal declared that

By Nectar Gan, Marc Stewart and Wayne Chang, CNN Hong Kong/Beijing (CNN) — China has described a potential TikTok ban as “an act of bullying” that would backfire on America. The comments, made by China’s foreign ministry on Wednesday, came hours before a House of Representatives vote on legislation that would force TikTok’s Chinese owner

By David Goldman and Gregory Wallace, CNN (CNN) — Alaska Airlines flight 1282, on which a door plug blew off the side of the plane shortly after takeoff on January 5, was scheduled to be taken out of service for maintenance the night of the incident, the airline said Tuesday. Although Alaska Airlines did not

By Rebekah Riess and Melissa Alonso, CNN (CNN) — A former longtime Boeing employee who had raised serious concerns about the company’s production standards was found dead in Charleston, South Carolina, over the weekend, according to the Charleston County Coroner’s Office. A news release from the Charleston County Coroner’s Office said John Barnett, 62, died

By Alicia Wallace, CNN (CNN) — Two all-beef patties are about 5.9% pricier than this time last year. The special sauce is up 3.1%. Lettuce and cheese, please: Those prices are down 6.1% and 2.8%, respectively. However, the pickles (up 3.3%), onions (fresh veggies are up 1.3%) and the sesame seed bun (up 1.7%) are eating

By Brian Fung, CNN Washington (CNN) — TikTok – and some of its users – are pulling out all the stops to contest a bill that could lead to a nationwide ban of the app. As House lawmakers prepare to vote on the bill Wednesday, TikTok is encouraging users to call their representatives with a

By Matt Egan, CNN New York (CNN) — A new report commissioned by the US State Department paints an alarming picture of the “catastrophic” national security risks posed by rapidly evolving artificial intelligence, warning that time is running out for the federal government to avert disaster. The findings were based on interviews with more than

By Sean Lyngaas, CNN (CNN) — Senior Biden administration officials on Tuesday pressed the CEO of health care giant UnitedHealth Group and other health care firms to do more to get vital payments flowing to health care providers three weeks after a cyberattack crippled those payment systems, sources familiar with the meeting told CNN. The meeting

By Elisabeth Buchwald, CNN New York (CNN) — Inflation is in the hot seat heading into November’s election. But it’s not budging as fast as President Joe Biden would probably like. The Federal Reserve is tasked with bringing to its 2% target. So how close are we? It depends what metric you’re looking at. If

By Chris Isidore and Gregory Wallace, CNN New York (CNN) — Boeing reported a minor bounce back in sales in February after orders ground essentially to a halt in January following the Alaska Airlines door plug incident. The troubled aircraft maker reported 15 commercial jet orders in the month. That’s a rebound from just three

By Olesya Dmitracova, Chris Stern and Duarte Mendonca, CNN London/Berlin (CNN) — Production at Tesla’s factory near Berlin is gradually resuming after the plant was reconnected to the power grid late on Monday following a week-long closure caused by an arson attack. “The lights are back on,” German energy network E.DIS told CNN late on

By Alicia Wallace, CNN New York (CNN) — Higher prices at the gas pump pushed up inflation more than expected in February, according to the latest Consumer Price Index from the Bureau of Labor Statistics. However, inflation did slow in other key areas like food and housing, fueling a touch of positive news for the

By Jordan Valinsky, CNN New York (CNN) — Multiple Taco Bell locations in Oakland have closed their dining rooms because of safety concerns in the California city, which has been struggling with rising crime affecting businesses both big and small. Taco Bell said in a statement that “providing a safe environment for team members and

By Jordan Valinsky, CNN New York (CNN) — Stella Artois, the nearly century-old brew, isn’t immune to the difficulties facing beer sales, so it’s drafting one of the world’s most recognizable personalities to help the lager return to its former glory: David Beckham. On Tuesday, the Anheuser-Busch InBev-owned brand introduced the former soccer superstar as