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An Australian employee of China’s state broadcaster CGTN has been arrested on suspicion of “illegally supplying state secrets overseas,” Canberra said Monday. In a statement, Australian Foreign Minister Marise Payne said Cheng Lei, who has been detained in China since August 13, 2020, had been formally arrested on February 5. “Chinese authorities have advised that

Just days after Maryland became the first state in the country to impose a tax on digital advertising targeting Big Tech, lobbying groups representing companies including Amazon, Facebook, Google are trying to stop it. In a lawsuit filed Thursday, the groups allege that the state law is “deeply flawed” as well as “unlawful” and “unconstitutional.”

Facebook allegedly gave its advertisers “inflated and misleading” metrics on how many people their ads could reach for years, according to newly revealed court documents in a long-running lawsuit against the company. The documents, unsealed on Wednesday by the US District Court for the Northern District of California, cite emails from a Facebook employee saying

Google is making changes to the leadership of its responsible artificial intelligence efforts months after the contentious departure of prominent Black artificial intelligence researcher Timnit Gebru rattled the company. The tech giant said in a blog post Thursday that Marian Croak, a Black woman who has been a vice president at the company for six

Kroger will close two stores in Seattle over the city’s $4-an-hour hazard pay requirement for grocery workers, an escalation of the grocery chain’s push against newly-passed hazard pay laws growing on the West Coast. The company, the largest grocery chain in the United States, will close two of its QFC stores in April in response

Congressional hearings often involve a lot of grandstanding. But as the House Financial Services Committee prepares to grill major players in the GameStop saga that shocked investors last month, there are still some big questions that need answers. What’s happening: Robinhood CEO Vlad Tenev, Citadel CEO Ken Griffin, Melvin Capital CEO Gabe Plotkin, Reddit CEO

Some politicians are worried that countries will borrow too much to prop up the economy over the coming year. Christine Lagarde doesn’t share their concerns. The European Central Bank president told CNN Business’ Richard Quest on Thursday that her biggest fear isn’t that the European Union will accumulate a mountain of debt, but that governments

McDonald’s will tie executive pay to diversity goals and aim to hit gender parity in management by the end of 2030 as the company tries to overhaul its workplace culture. CEO Chris Kempczinski described the new goals in a letter sent to employees Thursday. The company aims to increase the percentage of women in the

Over a month after this year’s virtual CES tech trade show, touting new and conceptual products of the future, I was left wondering whether these products actually worked. At this year’s show, we saw splashy announcements like transparent TVs and rollable phones. I wanted to test some of the tech that promised to make life

Another 861,000 workers filed for unemployment benefits for the first time last week, according to seasonally adjusted data released Thursday from the Labor Department. That’s nearly 100,000 more claims than economists had predicted and the highest number in a month. it was also an increase from the week before — which was revised higher as

A group of businesses and nonprofit organizations are banding together to speed up and strengthen their companies’ response to the pandemic. Five groups, including the Ad Council, CDC Foundation and the Business Roundtable, announced Thursday they are forming a new partnership called the Health Action Alliance. Its aim is to assist businesses of all sizes

Congresswoman Maxine Waters plans to thoroughly investigate the GameStop trading frenzy by holding multiple hearings on the matter. Waters, the chairwoman of the powerful House Financial Services Committee, told CNN Business she will likely hold three hearings, with the first one occurring Thursday. Subsequent hearings could focus on expert testimony and potential legislation, Waters said.

Upon hearing about Rush Limbaugh’s death on Wednesday, many fans said he was irreplaceable. For the time being, his distributor is not going to try. “Rush’s voice will continue to be heard, providing comfort and continued insight to his legions of loyal fans,” Premiere Networks said in a statement obtained by CNN Business. Premiere Networks

Grocery store workers in the United States have been stocking shelves, handling customers and keeping stores tidy in challenging and sometimes dangerous pandemic conditions for almost a year. But a vaccine that once offered these essential workers hope for their safety remains elusive for most. Although coronavirus risks are high and new variants of the

Walmart announced pay bumps Thursday that will bring its average hourly wage to over $15 an hour. But the move still falls short of the $15 minimum wage announced by some of its largest competitors. Walmart, America’s largest private employer, said it will raise wages for 425,000 US workers — more than a fourth of

South Australian winemaker Jarrad White spent almost a decade building his business in China. Then, in a matter of months, it all fell apart. It had nothing to do with the quality of White’s wines at his vineyard in McLaren Vale, one of South Australia’s premier winegrowing regions. Instead, it was the result of months

One of the largest consulting companies in the world is making a major commitment — to moms. Accenture will hire 150 mothers for positions at its Midwest division as soon as possible, the company tells CNN Business. The newly created positions will be in technology, strategy and consulting out of the company’s offices in Chicago.

Another 861,000 workers filed for unemployment benefits for the first time last week, according to seasonally adjusted data released Thursday from the Labor Department. It was nearly 100,000 claims more than economists had predicted, as well as an increase from the week before — which was also revised higher. America’s jobs recovery has really lost

Facebook and Google are taking vastly different approaches to an escalating battle in Australia that could reset the relationship between tech and media. In the face of a proposed media code that would force Big Tech to pay publishers for news shared on their platforms, Facebook has decided that it would rather just stop people