Money

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

By Peter Valdes-Dapena, CNN Business Mercedes gave details on a number of new electric cars ahead of next week’s Munich transportation show. They include two SUV concepts -— one a rugged off-roader and the other an opulent ultra-luxury model — as well as a high-performance sedan. The Mercedes-Benz EQG concept SUV is an all-electric interpretation

By Alexis Benveniste, CNN Business The Labor Day holiday bookmarks the end of summer and the beginning of fall, but above all, it celebrates working Americans and the US labor movement. If you have the day off, you might be curious about what’s open and what’s closed since many businesses shut down to observe the

By Julia Horowitz, CNN Business Plenty of ink was spilled earlier this year when investors, hobbyists and art enthusiasts started frantically buying up non-fungible tokens, or NFTs, in another crypto world craze. Breaking it down: NFTs transform digital works of art and other collectibles into one-of-a-kind, verifiable assets that are easy to trade on the

By Matt McFarland, CNN Business GoDaddy took down a website that allowed people to post tips about possible Texas abortions, in the latest example of businesses pushing back against the state’s new law. A Texas law that bans abortion providers from carrying out terminations after fetal cardiac activity is detected, which is typically about six

By Chauncey Alcorn, CNN Business Kraft Heinz and two of its former high-ranking executives settled charges with the Securities Exchange Commission, which found the company engaged in a “years-long accounting scheme” involving falsified supplier contracts. The SEC announced the formal charges and the settlement on Friday after a long-running regulatory investigation that Kraft disclosed in