Money

By Laura He, CNN Business China’s trade with the rest of the world surged to record highs last month, easing fears that a stubborn coronavirus outbreak and the global shipping crisis were stalling the economy. Exports spiked 25.6% in August from a year ago to $294.3 billion, according to customs statistics published Tuesday. Imports jumped

By Merlin Delcid, CNN Business El Salvador became the first country to adopt bitcoin as a national currency on Tuesday, kicking off a radical monetary experiment that could pose risks to the fragile economy. President Nayib Bukele announced late Monday that his government purchased 200 bitcoins ahead of El Salvador’s formal adoption of the currency.

By Brian Stelter, CNN Business A version of this article first appeared in the “Reliable Sources” newsletter. You can sign up for free right here. The end of Labor Day Weekend always has a “Back to School” feel. So this special edition of our media digest is a preview of the week ahead and the

By Alicia Wallace, CNN Business America’s workforce is considerably older and more diverse than it was 40-some years ago. Federal labor economists recently analyzed federal labor data to see just how much the nation’s labor force has changed in recent decades, according to a Sept. 1 blog post on the US Bureau of Labor Statistics

By Hanna Ziady, CNN Business TotalEnergies is investing in oil, gas and solar energy projects worth $27 billion in Iraq, returning to the country where the French company made its first energy discovery nearly a century ago. This time, however, no new exploration is planned despite Iraq’s vast oil reserves, reflecting a shift by some

By Julia Horowitz, CNN Business Aluminum prices have reached their highest level in more than a decade following a coup in Guinea, a major supplier of the main ore used to produce the metal. The price of aluminum futures on the London Metal Exchange rose as much as 1.8% to $2,775.50 per metric ton on

By Anna Stewart, CNN Business CEO Herbert Diess wants electric cars to make up half of the Volkswagen Group’s sales in 2030, and 100% of its sales in major markets should be zero-emission by 2040. To achieve those goals, he has to dramatically shift one of the world’s largest carmakers away from the internal combustion

By Helen Regan and Angela Dewan, CNN Business The Australian government said Monday that the country would keep producing and exporting coal “well beyond 2030,” despite a stark warning from a top UN climate official that failing to scrap the fossil fuel will “wreak havoc” on the economy. The comments, made in a rebuke by

By Chris Isidore, CNN Business The biggest victory for US unions since Labor Day last year wasn’t at the negotiating table, on the picket line or in organizing a vote. It was in the 2020 presidential election. In Joe Biden, organized labor has the most pro-union president since at least Lyndon Johnson, or perhaps ever,

By Michelle Toh, Sasha Chua and Chandler Thornton, CNN Business The media company behind the now-shuttered Hong Kong tabloid Apple Daily is shutting down after its entire board resigned, citing “a climate of fear” over the city’s controversial national security law. Next Digital, which was founded by now-imprisoned tycoon Jimmy Lai, said in a stock

By Rhea Mogul and Swati Gupta, CNN Marking the return of a months-long movement that has posed a unique challenge to Indian Prime Minister Narendra Modi’s government, farmers gathered in the predominantly agricultural state of Uttar Pradesh on Sunday to protest controversial agricultural laws they say could ruin their livelihood. District official Amit Singh told

By Ben Westcott, CNN Business Tensions between China and Australia have taken a $4 billion toll on the important trading partnership, but Canberra says its economy has proven “remarkably resilient” as other countries moved to fill in the gaps. Australian Treasurer Josh Frydenberg on Monday claimed the Chinese government has failed to seriously impact the

By Rhea Mogul and Swati Gupta, CNN Hana Mohsin Khan says she knows why she was targeted on a website that appeared to offer her for sale. “(It’s) because of my religion. Because I am Muslim,” she said. In early July, the 32-year-old pilot and proud feminist was among more than 80 Muslim women —

By Ramishah Maruf, CNN Business New York University researchers discovered scathing new data on the spread of misinformation on Facebook, despite the site curtailing their research, even going so far as deplatforming them. The study found that from August 2020 to January 2021, misinformation got six times more clicks on Facebook than posts containing factual