Category Archives: CNN – Business News

Delta changes the way fliers board planes

Delta changes the way fliers board planes

A new boarding process is coming to Delta Air Lines. Beginning on January 23, 2019, the airline will ditch zone boarding in favor of a new — and more complex — process based on ticket type and color. Despite the expansion in number of groups from six to eight, Delta said the new format hopes…MORE

The maker of Mercedes cars is spending $23 billion on batteries

The maker of Mercedes cars is spending $23 billion on batteries

The maker of Mercedes-Benz cars is spending billions on batteries as it accelerates the electrification of its product range. Daimler said in statement on Tuesday it was spending €20 billion ($23 billion) on battery cells, and investing another €1 billion ($1.1 billion) in eight battery factories in Germany, China, Thailand and the United States. The…MORE

Tokyo court rejects Carlos Ghosn’s complaint about his month-long detention

Tokyo court rejects Carlos Ghosn’s complaint about his month-long detention

A Japanese court has rejected a complaint filed by former Nissan Chairman Carlos Ghosn over a decision to extend his three-week detention by another 10 days. Tokyo prosecutors on Monday indicted Ghosn, 64, on accusations he under-reported his income in Nissan corporate filings by about 5 billion yen ($44 million) between 2010 and 2015. They…MORE

Chinese companies are urging employees to boycott Apple and buy Huawei

Chinese companies are urging employees to boycott Apple and buy Huawei

The detention of a top Huawei executive is prompting some Chinese companies and business groups to call for workers to boycott products from US companies like Apple, prompting fears of a wider backlash. Several organizations across China have issued notices urging staff members to show their support for Huawei, threatening punishment against anyone caught with…MORE

Jailed Huawei CFO’s bail decision pushed to Tuesday as tensions persist

Jailed Huawei CFO’s bail decision pushed to Tuesday as tensions persist

The chief financial officer of Chinese tech company Huawei will have to wait another day to learn if she’ll be let go on bail. Meng Wanzhou, who is detained in Canada and faces extradition to the United States, has been held for 10 days. The hearing to determine whether she should be released ahead of…MORE

How Huawei’s CFO ended up in a jail in Canada

How Huawei’s CFO ended up in a jail in Canada

For months, American law enforcement officials wanted to arrest Meng Wanzhou, the CFO of Chinese tech giant Huawei, but she remained outside of their grasp. Then in late November, with just two days’ notice, they spotted an opening. On the morning of December 1, Meng was set to transfer from a Cathay Pacific flight at…MORE

UK court says beer baron Vijay Mallya should be extradited to India

UK court says beer baron Vijay Mallya should be extradited to India

Business tycoon Vijay Mallya should be extradited from the United Kingdom to India to face fraud charges, a London court ruled Monday. The decision was confirmed by R. K. Gaur, a spokesperson for India’s Central Bureau of Investigation. The extradition must also be approved by the UK Secretary of State. Mallya, who was once known…MORE

Investors with $32 trillion at stake sound the alarm on climate change

Investors with $32 trillion at stake sound the alarm on climate change

Investors managing assets worth $32 trillion have called on governments and businesses to step up efforts to tackle climate change. A group of 415 investors warned Monday of an “ambition gap” between steps governments have promised to take, and the actions needed to meet goals set out in the Paris climate agreement. The statement from…MORE

Carlos Ghosn and Nissan have been indicted in Japan

Carlos Ghosn and Nissan have been indicted in Japan

Carlos Ghosn and Nissan, the Japanese automaker he saved from collapse, were indicted Monday on allegations of financial misconduct, deepening a crisis that already brought down one of the global car industry’s most iconic figures. Tokyo prosecutors said they indicted Ghosn and Nissan for under-reporting his income over a five-year period and are investigating allegations…MORE

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