economy and trade

China’s Zhengzhou, home to the world’s largest iPhone factory, ends the Covid lockdown

Hong Kong CNN Business — The central Chinese city of Zhengzhou, home to the world’s largest iPhone factory, has lifted a five-day Covid lockdown, in a move that analysts have called a much-needed relief for Apple and its main supplier Foxconn. Zhengzhou is the site of “iPhone City,” a sprawling manufacturing campus owned by Taiwanese …

China’s Zhengzhou, home to the world’s largest iPhone factory, ends the Covid lockdown Read More »

Will Smith, opening up about Oscars slap, tells Trevor Noah ‘hurt people hurt people’

CNN — Will Smith opened up to Trevor Noah about the now-famous slap at the Oscars in March during an appearance that aired Monday night on “The Daily Show.” While promoting his forthcoming film “Emancipation,” Smith called it “a horrific night” and said he “lost it” when he stormed the stage and slapped presenter Chris …

Will Smith, opening up about Oscars slap, tells Trevor Noah ‘hurt people hurt people’ Read More »

Online Black Friday sales set a new record

New York CNN Business — Online Black Friday sales in the United States topped a record-breaking $9.12 billion this year, according to Adobe Analytics, kicking off a solid start to the holiday shopping season despite inflation and other economic concerns. Adobe, which tracks sales on retailer websites, said that this year’s Black Friday online sales …

Online Black Friday sales set a new record Read More »

Odell Beckham Jr. removed from Miami flight after refusing to comply with safety protocol, police say

CNN — NFL free agent wide receiver Odell Beckham Jr. was removed from a Los Angeles-bound American Airlines flight Sunday morning at Miami International Airport after refusing to comply with safety protocol, according to a statement from the Miami-Dade Police Department. Officers were notified of a medical emergency on an American Airlines flight around 9:30 …

Odell Beckham Jr. removed from Miami flight after refusing to comply with safety protocol, police say Read More »

Frontier Airlines no longer has a customer service phone line

New York CNN — Customers who need flight information or want to make changes to travel plans can no longer call Frontier Airlines and speak to an agent, the company confirmed to CNN Saturday. Starting last week, the ultra low-cost airline said it has transitioned to fully digital communications. Customers seeking help or information from …

Frontier Airlines no longer has a customer service phone line Read More »

Apple has a huge problem with its supplier’s iPhone factory in China

Hong Kong CNN Business — A violent workers’ revolt at the world’s largest iPhone factory this week in central China is further scrambling Apple’s strained supply and highlighting how the country’s stringent zero-Covid policy is hurting global technology firms. The troubles started last month when workers left the factory campus in Zhengzhou, the capital of …

Apple has a huge problem with its supplier’s iPhone factory in China Read More »

FDA approves $3.5 million treatment for hemophilia, now the most expensive drug in the world

CNN — The US Food and Drug Administration on Tuesday approved Hemgenix, a new drug to treat hemophilia. Manufacturer CSL Behring set the price at $3.5 million per treatment, making it the most expensive drug in the world. Hemgenix is ​​a gene therapy to treat adults with hemophilia B, a genetic bleeding disorder in which …

FDA approves $3.5 million treatment for hemophilia, now the most expensive drug in the world Read More »

Simu Liu pushes back on Quentin Tarantino’s anti-Marvel comments

CNN — Quentin Tarantino has made it clear that Marvel movies are not his cup of tea, but actor Simu Liu has kindly reminded the director that the films and the studio behind them have provided underrepresented communities a chance to be seen on the big screen unlike ever before. “If the only gatekeepers to …

Simu Liu pushes back on Quentin Tarantino’s anti-Marvel comments Read More »

The world’s heaviest flying bird uses plants to self-medicate, scientists say

Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news on fascinating discoveries, scientific advances and more. London CNN — Taking drugs if you’re feeling under the weather is old news for humans, but new research shows that the world’s heaviest bird capable of flight could be the latest animal to use …

The world’s heaviest flying bird uses plants to self-medicate, scientists say Read More »

Guangzhou Covid-19: China locks down key transportation hub; markets fear economic fallout

Hong Kong CNN Business — China has locked down a major transportation hub in the south, as the country grapples with its largest nationwide Covid outbreak since April. The lockdown also follows rising cases in Beijing, which reported the country’s first Covid deaths in nearly six months. In recent days, China had begun to ease …

Guangzhou Covid-19: China locks down key transportation hub; markets fear economic fallout Read More »