Money

By Laura He, CNN Hong Kong (CNN) — China’s central bank has cut its main benchmark lending rates for the first time in 10 months, in its latest effort to bolster growth as the world’s second largest economy falters. The rate cuts come as Wall Street banks, including Goldman Sachs, slash their forecasts for China’s

By Laura He, CNN Hong Kong (CNN) — Alibaba is replacing Daniel Zhang as chairman and CEO as the Chinese tech giant undergoes the biggest shakeup in its history. Joseph Tsai, executive vice chairman and a co-founder of Alibaba (BABA), will succeed Zhang as chairman, the company said Tuesday. Eddie Wu, chairman of e-commerce unit

By Ramishah Maruf, CNN New York (CNN) — A prominent vaccine scientist said he was accosted outside of his home after a Twitter exchange with podcaster Joe Rogan, who challenged him to debate Robert F. Kennedy, Jr. over the weekend. “I just was stalked in front of my home by a couple of antivaxers taunting

By Ramishah Maruf, CNN New York (CNN) — Bad Bunny and some of the music industry’s biggest stars want a lawsuit that alleges copyright infringement of a 1989 song thrown out of court. Lawyers from Freundlich Law representing Benito Antonio Martinez Ocasio, known as the superstar Bad Bunny, filed a motion to dismiss the lawsuit

By Jeremy Harlan, CNN Aspen, Colorado (CNN) — As hotel staff lowered the shades, signaling the beginning of the “Black on Black” dinner, guests seated in Aspen’s historic Hotel Jerome seemed to take a collective breath — preparing for a joyful and emotional four-hour celebration of the wine industry’s most influential Black leaders. The dinner,

CNN By Anna Cooban, CNN London (CNN) — Airbus has just landed the biggest-ever aircraft order in the history of commercial aviation. The French aerospace giant announced Monday that budget Indian airline IndiGo had placed an order for 500 of its A320 planes, to be delivered between 2030 and 2035. The deal sets “the record

By Issy Ronald, CNN Business (CNN) — Spotify executive and popular podcaster Bill Simmons has hit out at Prince Harry and Meghan, Duchess of Sussex, labeling them “grifters,” after their multi-year partnership with Spotify ended on Friday. “I wish I had been involved in the ‘Meghan and Harry leave Spotify’ negotiation,” Simmons said on his

CNN By Anna Cooban, CNN London (CNN) — Brewers in the United Kingdom are cutting the alcohol content — but not the price — of several of their most popular beers in what’s been described as another example of “shrinkflation.” Greene King, a major UK brewer and pub chain, has cut the ABV, or alcohol

By Michael Nam, CNN New York (CNN) — Sausage company Johnsonville is voluntarily recalling more than 42,000 pounds of its “Beddar With Cheddar” sausages because of possible contamination. The ready-to-eat pork links may include very thin black, fibrous strands of plastic, according to the US Department of Agriculture’s Food Safety and Inspection Service. Johnsonville noted

By Laura He, CNN Hong Kong (CNN) — Alibaba founder Jack Ma has given his first lecture as a visiting professor to the University of Tokyo, as the high-profile Chinese entrepreneur retreats further from his business empire following a crackdown by Beijing. Ma, who was formerly an English teacher before he became one of China’s

By Jeanne Sahadi and Matt Egan, CNN New York (CNN) — Just ahead of World Refugee Day, 41 multinational companies on Monday publicly pledged to provide jobs, training and connections to work opportunities for more than 250,000 refugees in Europe. They include Accenture, Adecco, Amazon, Cisco, Generali, Hilton, ISS, Marriott International, Microsoft, Randstad, Starbucks and