London CNN Business — Rishi Sunak, Britain’s third prime minister in seven weeks, will face the huge challenge of projecting stability after a period of historic political and financial market chaos. But his other task — shepherding the country through a recession — is poised to be just as daunting. The former finance minister has […]
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business — The housing market is rapidly losing steam. Interest rates continue to rise. The stock market remains volatile. And inflation continues to be a major problem for people trying […]
Tesla has cut starting prices for its Model 3 and Model Y cars by as much as 9% in China, reversing a trend of increases across the industry amid signs of softening demand in the world’s largest auto market. The price cuts, posted in listings on the electric vehicle giant’s China website on Monday, are […]
Brisbane, Australia CNN — The United Nations Subcommittee on the Prevention of Torture (SPT) suspended its tour of Australian prisons on Sunday, citing a lack of cooperation from officials who denied them access to some detention facilities. In a statement, the SPT said its staff were prevented from entering some places where people were being […]
A US judge in Texas ruled on Friday that people killed in two Boeing (BA) 737 MAX crashes are legally considered “crime victims,” a designation that will determine what remedies should be imposed. In December, some crash victims’ relatives said the US Justice Department violated their legal rights when it struck a January 2021 deferred […]
CNN — Hurricane Roslyn slammed into west-central Mexico on Sunday, bringing torrential rain and threatening inland flooding. “This rainfall could lead to flash flooding and landslides in areas of rugged terrain, the Miami-based National Hurricane Center said. CNN Weather As of 2 p.m. ET Sunday, Roslyn was centered about 90 kilometers (55 miles) south-southeast of […]
CNN — Two people were taken into custody after authorities located and later disarmed a possible explosive device at Billy Bishop Toronto City Airport, police said. At around 4 p.m. Saturday, a device was found on a bicycle parked near the airport’s island-side ferry terminal, according to the airport’s social media account. Located on an […]
Philadelphia CNN — Tyrique Glasgow’s life has always revolved around his South Philadelphia neighborhood, and gun violence has always been a part of it. When he was just 8 years old, he heard his grandmother’s screams after she was told that his uncle had been murdered. He lost multiple cousins and friends in shootings. At […]
CNN — Four more bodies of suspected illegal migrants from Ethiopia have been found near the site of a mass grave in northern Malawi that contained the remains of 25 Ethiopian nationals, according to police in the southern African country. Malawi police spokesman Peter Kalaya said the Ethiopians were suspected victims of human trafficking. The […]
Hong Kong CNN — China’s economy is faltering. Unemployment is skyrocketing. Endless Covid lockdowns are wreaking havoc on businesses and people’s lives. The property sector is in crisis. Ties between Beijing and major global powers are under strain. The list of problems faced by the world’s second-largest economy goes on – and many of those […]
