CNN — The Italian Coast Guard is leading rescue efforts to save at least 400 migrants adrift on a boat in the Mediterranean Sea between Italy and Malta, along an immigration route that NGOs have warned is perilously dangerous. Three rescue operations involving several vessels are ongoing to assist the boat of 400 migrants, as […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — In an unusual coincidence, the US jobs report was released on a holiday Friday […]
Taipei CNN — China has started three days of military exercises around Taiwan after the island’s president met the US House Speaker in defiance of repeated threats by Beijing. The exercises, dubbed “United Sharp Sword,” have been denounced by Taiwan. China sees Taiwan as its own territory and has not ruled out using force to […]
CNN — Having lived in Beijing for almost 12 years, I’ve had plenty of time to travel widely in China. I’ve visited more than 100 cities, not to mention countless towns and villages throughout the mainland’s 31 provinces. Looking back, I’ve come to realize it was my frequent visits to different parts of the Great […]
New York CNN — A slowing economy may lead to a decline in sales of pricey beef cuts, but don’t look for any bargains just yet. Market forces that have been building for a long time, including devastating droughts, will likely keep hamburger and steak prices steady — and relatively expensive. In part, that’s because […]
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Get the latest news in aviation, food and drink, where to stay and other travel developments. CNN — He’d spent years backpacking around the world, and Japanese traveler Daisuke Kajiyama was finally ready to return home to pursue his long-held dream of opening […]
CNN — It has almost never been as hard to buy a new or used car in the United States as it is today, despite improving supply issues and inflation beginning to steady. Vehicle transaction prices — the price you actually end up paying after any dealer discounts or markups — have been climbing higher […]
Minneapolis CNN — The Federal Reserve’s preferred inflation gauge cooled back down in February after ticking up unexpectedly the month before, a welcome sign in the central bank’s long battle to bring down historic price increases. The Personal Consumption Expenditures price index rose 5% for the 12 months ended in February, lower than January’s downwardly […]
Inflation is ravaging shoppers’ wallets and the Federal Reserve has responded by instituting a regimen of painful interest rate hikes that could land the economy in a recession. But corporate profits are surging. US profit margins have reached record levels not seen since the immediate aftermath of World War II. Source link
CNN — With China finally reopening to the world, it’s time to dust off that travel wish list and start planning. Being one of the world’s most visited tourist destinations pre-pandemic, the country has long lured international travelers to popular attractions like Beijing’s Forbidden City, Xi’an’s Terracotta Warriors or Chengdu’s giant panda research base. And […]
