Money

By Laura He, CNN Tesla has slashed car prices in China for the second time in less than three months, in an effort to boost sales amidst slowing demand in the world’s largest car market. The electric vehicle maker cut prices for all versions of its China-made Model 3 and Model Y on Friday, according

By Alicia Wallace, CNN The US economy added 223,000 jobs in December, according to the monthly employment report from the Bureau of Labor Statistics, capping a year of extraordinary job growth and marking the second-best year for the labor market in records that go back to 1939. The unemployment rate fell back to a record

By Julia Horowitz, CNN Inflation in Europe continued to decline in December as energy prices rose at a slower pace. Prices across the 19 countries that used the euro in 2022 increased at an annual rate of 9.2% in December, the European Union’s statistical office said Friday. In November, prices rose 10.1%. Annual inflation in

By Hanna Ziady, CNN The UK government is planning to introduce a new law forcing workers in key public sectors such as ambulance services to maintain a basic level of service during strike action or risk dismissal. In a statement on Thursday, the government said it would introduce a bill in parliament in the coming

By Diksha Madhok, Ehsan Popalzai and Masoud Popalzai, CNN The ruling Taliban has signed a deal with a Chinese company to extract oil from northern Afghanistan’s Amu Darya basin as the radical Islamist group attempts to bolster the South Asian nation’s increasingly impoverished and isolated economy. The agreement with China’s Xinjiang Central Asia Petroleum and

By Oliver Darcy, CNN Business The Wall Street Journal is demanding answers from the Phoenix Police Department after an officer detained and handcuffed one of its reporters outside a Chase Bank — an incident that press freedom advocates say raises First Amendment concerns and mirrors a larger, growing hostility from local law enforcement toward journalists

By Kathleen Magramo, CNN Hong Kong’s flagship airline is more than doubling its flights from the city to mainland China after the easing of pandemic restrictions, raising hopes of a recovery after dramatically cutting operations and suffering losses. Cathay Pacific Airways’ ramped up flight schedule was announced after China confirmed on Thursday that it will

By Alexandra Peers, CNN Peloton has agreed to pay a $19 million fine for failing to promptly report treadmill hazards and for distributing recalled treadmills, the Consumer Products Safety Commission said Thursday. The fine resolves charges that the company had “knowingly failed to immediately report” to the US regulator defects with its Tread+ treadmill, it

By Peter Valdes-Dapena, CNN Business General Motors, with its Cadillac luxury brand, has joined racing team managers Andretti Global in a bid to race in the prestigious Formula One Championship series. Together, they plan to submit a formal “Expression of Interest” to the Fédération Internationale de l’Automobile, or FIA, the sport’s governing body. If approved,