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Analysis: Doing business in China is difficult. A clash over human rights is making it harder

Analysis: Doing business in China is difficult. A clash over human rights is making it harder

(CNN Business)Companies that want to do business in China in the pursuit of success. Now an over human rights is underscoring the stark choice facing Western executives: put profit or principles first. The strains over Xinjiang — where US, EU and UK authorities through forced labor, mass detention and sterilization — has ensnared a growing number of businesses and trade relationships in recent months. Beijing has vehemently denied all the allegations, and says its camps in the region are "vocational training centers" designed to combat terrorism and religious extremism. But last week, a...

April 3, 2021
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Japan records earliest cherry blossom bloom in 1,200 years, as climate crisis intensifies

Japan records earliest cherry blossom bloom in 1,200 years, as climate crisis intensifies

(CNN)Think of Japan in the spring, and the image that comes to mind is likely the country's famous cherry blossoms, also known as "sakura" -- white and pink flowers, bursting across cities and mountains, petals covering the ground.The flowers, which experience a "peak bloom" that only lasts a few days, have been revered in Japan for more than a thousand years. Crowds celebrate with viewing parties, flocking to the most popular locations to take photos and have picnics underneath the branches.But this year, cherry blossom season has come and gone in the blink of an eye, in one of the...

April 5, 2021
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Simon Hu resigns as Ant Group CEO following regulatory crackdown

Simon Hu resigns as Ant Group CEO following regulatory crackdown

Tokyo / London (CNN Business)Simon Hu has resigned as chief executive officer of , months after the digital payments company was forced to pull its IPO amid a crackdown by Chinese regulators."The Ant Group Board of Directors has accepted Mr. Simon Hu's resignation request, due to personal reasons," said a spokesperson for the affiliate."We are thankful to Simon for the efforts he made at our company," the spokesperson added. Chairman Eric Jing has been named Ant Group's new CEO, according to the company's website. Jing had previously served the company in that position from 2016 to 2019.Ant...

March 12, 2021
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In Japan, more people died from suicide last month than from Covid in all of 2020. And women have been impacted most | CNN

In Japan, more people died from suicide last month than from Covid in all of 2020. And women have been impacted most | CNN

Video Ad FeedbackThe Covid-19 pandemic is driving a spike in suicides in JapanAaron Rodgers tells Joe Rogan why he didn't get vaccinated for CovidHow Covid upended children's lives'Wasn't too surprising': Doctor reacts to Biden's positive Covid testNew studies suggest Covid-19 likely originated from Wuhan wet marketDr. Fauci gives update on Biden's Covid-19 infection'This was entirely predictable': Doctor on Biden testing positive for Covid-19Jill Biden speaks out after President Biden contracts Covid-19'I'm losing my mind': Chinese depositor loses life savings in bankDoctor: Covid-19 BA.5...

August 18, 2020
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In Japan, more people died from suicide last month than from Covid in all of 2020

In Japan, more people died from suicide last month than from Covid in all of 2020

Tokyo (CNN)Eriko Kobayashi has tried to kill herself four times. The first time, she was just 22 years old with a full-time job in publishing that didn't pay enough to cover her rent and grocery bills in . "I was really poor," said Kobayashi, who spent three days unconscious in hospital after the incident.Now 43, Kobayashi has written books on her mental health struggles and has a steady job at an NGO. But the coronavirus is bringing back the stress she used to feel. "My salary was cut, and I cannot see the light at the end of the tunnel," she said. "I constantly feel a sense of crisis that...

August 18, 2020
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Hong Kong's new rules have created confusion in the classroom. Some parents are pulling their children out

Hong Kong's new rules have created confusion in the classroom. Some parents are pulling their children out

Hong Kong (CNN)Sarah is preparing to emigrate from Hong Kong, her birthplace and home, to the United Kingdom because she is concerned about her 8-year-old son's education. "I want him to grow up in an environment with enough freedom to do what he wants to do and not be restricted by some invisible threat," said Sarah, who requested CNN use a pseudonym for fear of being targeted by authorities.In June, Beijing imposed a national security law on Hong Kong that bans secession, subversion, terrorist activities and collusion with foreign powers. The law was passed to quell the pro-democracy...

November 18, 2020
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TikTok will partner with Oracle in the United States after Microsoft loses bid | CNN Business

TikTok will partner with Oracle in the United States after Microsoft loses bid | CNN Business

MarketsFeaturedFear & Greed IndexLatestBy and , CNN BusinessLink Copied!Ad Feedback — TikTok and Oracle will become business partners in the United States — a deal meant to satisfy the Trump administration’s national security concerns about the short-form video app, according to a person familiar with the matter.The news comes after weeks of speculation about the Chinese app’s future in the United States. President Donald Trump , or else shut down in the United States.The exact nature of the agreement between TikTok and Oracleremains unclear, but it was not described as an...

September 14, 2020
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