CNN – Business/Consumer

By Laura He, CNN China’s new premier, Li Qiang, has offered a hearty welcome to foreign companies in an effort to arrest a slump in business confidence that has exacerbated the country’s economic woes. Li, who was formally appointed earlier this month, met a group of global CEOs on the sidelines of the China Development

By Chris Isidore, CNN Chipotle Mexican Grill will pay a total $240,000 in salary and back pay to the former employees of an Augusta, Maine, restaurant that the company shuttered after the workers tried to unionize. The settlement payouts — which are based on pay rates, average hours and seniority — will range between $5,800

By Allison Morrow, CNN Federal regulators sued Binance, the world’s largest cryptocurrency exchange, and its CEO for allegedly violating US trading laws and secretly coaching “VIP” customers on how to evade compliance controls. The Commodity Futures Trading Commission, which regulates US derivatives trading, said the company and CEO Changpeng Zhao have circumvented US laws by

By Mark Thompson and Julia Horowitz, CNN Europe’s banks are not yet in the clear, a top EU regulator said Monday, two weeks after the collapse of Silicon Valley Bank in the United States unleashed turmoil in the global banking sector. José Manuel Campa, the head of the European Banking Authority (EBA), told a German

By Marshall Cohen The Fox News producer who accused the right-wing network of pressuring her into giving misleading testimony in the Dominion defamation case has been fired, she disclosed in new court filings. Lawyers for Abby Grossberg, a former producer for Maria Bartiromo and Tucker Carlson who is suing Fox News over the alleged legal

By Claudia Otto and Inke Kappeler Nationwide strikes in Germany — among its worst in decades — are causing huge disruption at the country’s airports, on public transport and at its largest port Monday. The walkouts have been called by two major transport unions in Europe’s biggest economy. Ver.di, one of the unions, has demanded

By Anna Cooban European banking stocks rose Monday, boosted by the news that US lender First Citizens Bank would buy most of the business of failed Silicon Valley Bank. The Stoxx Europe 600 Banks index, which tracks 42 big EU and UK banks, ticked up by nearly 1% in morning trade, while London’s bank-heavy FTSE

By Hanna Ziady, CNN The chairman of Credit Suisse’s largest shareholder, Saudi National Bank, has resigned less than two weeks after comments he made about the Swiss lender accelerated a plunge in its share price. The bank was rescued four days later after a crisis of confidence among investors and customers took it to the

By Mark Thompson, Liz Enochs and Chris Isidore, CNN In a milestone moment for the banking crisis, a company has purchased most of what’s left of the bank that started the meltdown. First Citizens Bank has purchased the remaining assets, deposits and loans of Silicon Valley Bank, the US lender that failed earlier this month