Category Archives: CNN – Business

Zara wants all its clothes to be made from sustainable fabrics by 2025

Zara wants all its clothes to be made from sustainable fabrics by 2025

Fast fashion retailer Zara is going green. All of the cotton, linen and polyester used by Zara will be organic, sustainable or recycled by 2025, parent company Inditex announced this week. The Spanish retail conglomerate said the goal will extend to its other brands, including Zara Home, Pull & Bear and Bershka. Inditex made the…MORE

‘The Lion King’ could seal Disney’s reign over the box office

‘The Lion King’ could seal Disney’s reign over the box office

The US box office is struggling, but you wouldn’t know it if you only looked at Disney’s coffers. The House of Mouse owns the top four highest-grossing films of 2019, including “Avengers: Endgame,” “Captain Marvel,” “Aladdin” and “Toy Story 4.” “Endgame” shattered records when it opened in April and has made more than $2.7 billion…MORE

Carl Icahn declares war over huge oil takeover

Carl Icahn declares war over huge oil takeover

Carl Icahn believes Occidental Petroleum badly overpaid for oil driller Anadarko Petroleum. Now, he wants four Occidental directors to pay for that controversial deal — with their jobs. The famed activist investor officially declared war on Occidental’s board on Thursday by filing the paperwork required to begin the process of ousting and replacing a chunk…MORE

On ESPN, Dan Le Batard calls his own network ‘cowardly’ for not addressing racism

On ESPN, Dan Le Batard calls his own network ‘cowardly’ for not addressing racism

ESPN radio and TV personality Dan Le Batard called his network’s relatively new politics-free stance “cowardly” in the face of President Donald Trump and his supporters’ racist remarks about four Democratic congresswomen of color. Jimmy Pitaro, who became ESPN’s president last year, recently told the Los Angeles Times that the sports network’s audience has no…MORE

Stocks end lower as geopolitical fears rise

Stocks end lower as geopolitical fears rise

The Dow and US markets closed lower on Friday, as geopolitical worries overshadowed the hopes of interest rate cuts by the Federal Reserve. The Dow closed down 0.3%, or 69 points, while the S&P 500 and the Nasdaq Composite finished 0.6% and 0.7% lower, respectively. All three stock benchmarks also fell week-on-week. Geopolitical concerns overshadowed…MORE

China’s economic slowdown is real, but it’s not just about tariffs

China’s economic slowdown is real, but it’s not just about tariffs

China’s economic growth has slumped to its lowest level in nearly three decades, but the trade war with the United States isn’t solely to blame. Gross domestic product growth dropped to 6.2% in the second quarter, the weakest since the government started publishing quarterly figures in 1992, the national statistics authority said this week. Soon…MORE

Netflix faces a new rival in the UK

Netflix faces a new rival in the UK

UK television network ITV has teamed up with the BBC on a streaming product that gives British audiences a new alternative to Netflix. BritBox will debut in the final three months of this year, the networks announced Friday. For £5.99 ($7.50) per month, users will get access to older shows and new HD programming across…MORE

AB InBev sells Australian business after ditching huge Asian IPO

AB InBev sells Australian business after ditching huge Asian IPO

The world’s biggest brewer is selling its Australian business just days after calling off what would have been the biggest initial public offering of 2019. Anheuser-Busch InBev will unload its Carlton & United Breweries unit to Japanese beer giant Asahi in a deal worth 16 billion Australian dollars (about $11.3 billion). It was announced on…MORE