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The world’s biggest luxury brands are hurting as Chinese shoppers rein in spending

Analysis by Anna Cooban, CNN London (CNN) — The value of some of the world’s best-known luxury companies is plunging as Chinese consumers pull back on spending, with even the most exclusive brands feeling the pain. First-half sales at Bernard Arnault’s luxury powerhouse LVMH, the owner of Louis Vuitton and Christian Dior, dropped 10% year

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NBA and TNT’s parent company prepare for legal clash in sports rights battle for the ages

Analysis by Oliver Darcy, CNN New York (CNN) — The stage is now officially set for a high-stakes showdown between the NBA and TNT parent company Warner Bros. Discovery. The league on Wednesday rejected WBD’s offer to match a $1.8 billion per year bid from Amazon to broadcast the games, an expected move that pits the David Zaslav-led entertainment conglomerate

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China’s hosting Palestinian and Ukrainian delegations this week. But can it play peace broker in global conflicts?

Analysis by Simone McCarthy, CNN Hong Kong (CNN) — China’s top diplomat Wang Yi has had a busy week in which two devastating conflicts have loomed large. Wang started by gathering 14 Palestinian factions for reconciliation talks in Beijing, including bitter rivals Hamas and Fatah, before meeting on Wednesday with Ukrainian counterpart Dmytro Kuleba – the

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CrowdStrike to vendors: Sorry for the global tech outage. Here’s a $10 Uber Eats voucher

Analysis by Elisabeth Buchwald, CNN New York (CNN) — A single CrowdStrike bug sent the entire tech world into chaos last week — a snafu some companies (see: Delta) are still recovering from. Third-party agents selling and supporting CrowdStrike software and the complicated repairs for customers have been a miserably busy bunch over the past

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Delta is finally emerging from chaos. Did it not learn anything from Southwest’s meltdown?

Analysis by Elisabeth Buchwald, CNN New York (CNN) — It’s a familiar tale in the aviation industry: A black swan event hits all airlines, causing massive flight cancellations. But, as many begin to recover, one airline emerges as a problem, unable to get it together — to the detriment of its customers and employees. It happened

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Vance’s selection solidifies Trump’s hold over the GOP

Analysis by Ronald Brownstein, CNN (CNN) — Ohio Sen. JD Vance’s selection as Donald Trump’s running mate has cemented the Republican Party’s reorientation away from the internationalist approach to the world that characterized it for the six decades before his rise. In his brief political career, Vance has embraced militantly isolationist, protectionist, and anti-immigration positions

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Trump says Taiwan stole America’s chip industry. But that’s not true

Analysis by Wayne Chang, CNN Taipei, Taiwan (CNN) — Former US President Donald Trump raised eyebrows last week when he accused Taiwan of snatching America’s crown in the $500 billion business of making computer chips. In an interview with Bloomberg Businessweek, the Republican presidential nominee repeated his assertion, first made last year, that the island

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The global tech outage showed how we’re just one mistake away from chaos

Analysis by Allison Morrow, CNN New York (CNN) — In case recent events — an assassination attempt, a new Republican vice presidential nominee, the sitting president contracting Covid before dropping his reelection bid — didn’t leave you feeling sufficiently anxious about the fragility of the global order, let’s not forget that a cybersecurity company you’ve probably

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