CNN — Amtrak is restoring service after a slew of train cancellations, primarily in the Midwest due to “a rail-industry control system that continues to experience intermittent communications issues,” according to Amtrak spokesperson W. Kyle Anderson. The industry control system is used to connect to other railroads, Anderson said. Amtrak trains can operate on freight […]
CNN — Markets seesawed severely this week when two of the US economy’s most prominent leaders gave seemingly contradictory statements on the health of the banking sector. Expect more turbulence ahead. Fresh off of the Federal Reserve’s decision on Wednesday to hike interest rates by a quarter point, Fed Chairman Jerome Powell said in the […]
Hong Kong CNN — Travelers across Asia Pacific will likely continue to fork out more than usual for flights this year, even as planes return to the skies at a rate not seen since the start of the pandemic. Airfares within the region were 33% higher in February than the same month in 2019, compared […]
London CNN — A nationwide strike in France to protest a rise in the retirement age drew more than a million people onto the streets on Thursday before ending in violent clashes with police in Paris and other cities. The protest followed a strike of a similar magnitude in January and days of smaller walkouts […]
CNN — When EU lawmakers voted to ban the sale of new combustion engine cars in the bloc by 2035, it was a landmark victory for climate. In February, the European Parliament approved the law. All that was needed was a rubber stamp from the bloc’s political leaders. Then Germany changed its mind. In a […]
Washington CNN — Mortgage rates have taken would-be buyers on a ride this year — and it’s only March. Generally, home buyers can anticipate mortgage rates to move down through the rest of this year as the banking crisis drags on, which could cool down inflation. But there are bound to be some bumps along […]
London CNN — Europe’s banking stocks tumbled Friday in a sign that investors are still nervous that the recent crises at some banks could spill over into the wider sector. Europe’s Stoxx Europe 600 Banks index, which tracks 42 big EU and UK banks, fell 5% by the middle of the European day. The index […]
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 the wake of Silicon Valley Bank’s collapse and subsequent banking meltdown, cash is […]
Paris CNN — More than a million people took to the streets across France on Thursday with protests turning violent in some areas as demonstrators voiced their fury at proposed pension reforms. Clashes between groups of protesters and police broke out after workers staged a national strike throughout Thursday, with flare-ups in Paris and regional […]
Tokyo CNN — Inside a dimly lit dining room, chef Tomoya Kawada of Sazenka is drawing a yin-yang diagram on a notepad as he explains his dreams for the distant future. “World peace through food,” he says. Such words could easily be dismissed as idealistic hyperbole. But coming from Kawada, they sound almost reassuring – […]
