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GM investing $760 million in Toledo factory to make electric car drive units
(CNN)General Motors is investing $760 million in its Toledo Propulsion Systems factory, which builds transmissions for gas-powered vehicles,…
Kenya cooking oil company responds to suspension
A Kenyan cooking oil company that has had its product temporarily suspended by Kenya’s Bureau of Standards (Kebs)…
McDonald’s must face $10 billion racial discrimination suit from media group
New York (CNN Business)McDonald’s will have to defend itself against a $10 billion lawsuit from media mogul Byron…
Hong Kong stocks hit an 11-year low after historic Fed rate hike
Hong Kong (CNN Business)Hong Kong stocks hit their lowest level in more than a decade Thursday and other…
Inflation pushes debt interest payments to new record
Soaring inflation led interest payments on UK government debt to hit a new record in August. Interest payments…
Covid: Reserve Bank of Australia takes $30bn hit on bond purchases
Australia’s central bank has revealed that it has lost A$44.9bn ($30bn; £26.3bn) on the bonds it bought as…
Apple users in Japan, Vietnam, Malaysia to pay more for apps
Apple customers in countries including Japan, Malaysia, Pakistan, South Korea and Poland will pay more for apps and…
Good news: Freight railroads are not on strike. Bad news: The service is still terrible
New York (CNN Business)The fact that there is not a freight railroad strike happening this week is a…
United CEO on FAA air traffic controllers: ‘They need more’
(CNN)United Airlines considers government air traffic controller staffing shortages its top concern and says there is still time…
FedEx warns of a global recession, cutting sales forecast by half a billion dollars
New York (CNN Business)FedEx warned that a global recession could be coming, as demand for packages around the…