Money

By Mick Krever and Eliza Mackintosh, CNN Dutch crime journalist Peter R. de Vries has died just over a week after being shot in the head in Amsterdam, according to a statement by his family published by CNN affiliate RTL News. “Peter fought to the end, but he could not win the battle. He is

By Julia Horowitz, CNN Business It’s difficult for American companies to operate in China. But the latest data on the country’s economy underscores why, for many firms, it’s still worth it. What’s happening: China’s economic output grew 7.9% in the April-to-June quarter versus the same period a year ago, China’s National Bureau of Statistics said

By Charles Riley, CNN Business There’s a new super-unicorn in the United Kingdom. Revolut has been valued at $33 billion in a new fundraising round led by SoftBank and Tiger Global Management, the London-based digital banking startup said in a statement on Thursday. The company said it would use the $800 million raised to develop

By Michelle Toh, CNN Business Mastercard has been ordered to stop taking new customers in India, as authorities there say it violated the country’s rules on how data should be stored. Starting next Thursday, the company will be banned from issuing new debit, credit or prepaid cards, according to the Reserve Bank of India (RBI).

By Rob McLean, CNN Business Johnson & Johnson is issuing a voluntary recall for five Neutrogena and Aveeno sunscreen lines in the United States after it said it discovered low levels of benzene in the products. The company is warning customers against using aerosol sprays Neutrogena Beach Defense, Neutrogena Cool Dry Sport, Neutrogena Invisible Daily,

By Laura He, CNN Business China’s economy is still growing, but the pace of its recovery slowed in the second quarter as the country contended with surging commodity prices and supply chain disruptions. GDP grew 7.9% in the April-to-June quarter compared with the same period a year ago, China’s National Bureau of Statistics said Thursday.

By Allison Morrow, CNN Business Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. In today’s business news: A new report highlights the gap between CEO and worker pay; a $25 toy is now selling for $28,000; and RIP Twitter

By Rob McLean, CNN Business The National Highway Traffic Safety Administration is recommending owners of certain Chevy Bolt EVs park their cars outside and away from buildings due to a fire hazard. “The affected vehicles’ cell packs have the potential to smoke and ignite internally, which could spread to the rest of the vehicle and

By Chris Isidore, CNN Business The US airlines reported yet another round of quarterly losses. It could very well be their last, as vaccine rates climb and planes fill with leisure travelers eager to go on vacation once again. But airline stocks are all still down, and many analysts say this is a buying opportunity

By Parija Kavilanz, CNN Business Here’s one example of how pretty much everything is getting more expensive: A toy that used to cost $25 is now priced at $28,000. Premium Joy, based in Walnut, California, makes a variety of foam toys, including play mats, jigsaw puzzles and building blocks for kindergarten and elementary-grade kids. It

By Julia Horowitz, CNN Business The European Central Bank is moving ahead with efforts to create a digital version of the euro as the use of cash declines and China ramps up tests of its own e-yuan. The central bank announced a two-year investigation on Wednesday that will examine “key issues regarding design and distribution”