CNN — When she took the keys to 10 Downing Street in the wake of Boris Johnson’s political demise, Liz Truss promised to “ride out the storm” of Britain’s economic crisis. Just over six weeks later, she was engulfed by a hurricane of her own making. It was a humiliating end to a calamitous premiership […]
Washington, DC CNN — Tesla buyers may be able to take advantage of new federal tax credits for electric vehicles next year, the automaker’s executives said Wednesday. The credits can be as large as $7,500 for new vehicles and $4,000 for used vehicles. Tesla’s eligibility for the previous tax credits ended in Jan. 2020 when […]
New York CNN Business — Barilla can’t avoid a class-action lawsuit over allegedly deceptive advertising about the pasta’s origins, a federal judge ruled this week. At issue is the brand’s slogan “Italy’s No. 1 brand of pasta,” which the lawsuit says can lead customers to believe it’s actually made in Italy. The customers that filed […]
CNN — A law firm has sent a letter to FIFA on behalf of a group of former and current Iranian sports figures urging football’s governing body to suspend the Iranian Football Federation (FFIRI) and ban it from participating at this year’s World Cup in Qatar. “Iran’s brutality and belligerence towards its own people has […]
CNN — He has about 2,500 kilometers to go until his journey is complete. But the great-grandson of India’s first prime minister appears determined. Dressed head-to-toe in white, Rahul Gandhi is walking 3,500 kilometers (2,175 miles) across India to meet voters and revive interest in the Indian National Congress, a once powerful political party now […]
London and Paris CNN Business — Only about half the trains on regional and intercity lines were running Tuesday in France and Eurostar canceled some services between London and Paris, as a strike by energy workers spilled over into other sectors of the economy. One in two trains were canceled on some suburban rail lines […]
CNN — The UK government has warned that current and former British military pilots are being lured to China with large compensation packages to train the country’s armed forces, and said it would take measures to stop such recruitment schemes amid national security concerns. The UK Ministry of Defence (MoD) said it believes that up […]
London CNN Business — The decision by Jeremy Hunt, the new UK finance minister, to jettison the bulk of Prime Minister Liz Truss’ much-maligned plans to boost growth has come as a huge relief to investors, easing their worries about the sustainability of government finances. But even if “Trussonomics” has been tossed out and a […]
New York CNN Business — Stubborn inflation and the Federal Reserve’s jumbo-sized interest rate hikes will drive the American economy into a 1990-style mild recession starting in the spring, Fitch Ratings warned on Tuesday. In a report obtained first by CNN, Fitch slashed its US growth forecasts for this year and next because of one […]
CNN — The Australian government has reversed a decision by its predecessor to recognize West Jerusalem as the capital of Israel, prompting a rebuke from the Israeli government. Australian Foreign Minister Penny Wong reaffirmed Canberra’s “previous and long-standing position” on Israel in a briefing on Tuesday, emphasizing the new Labor government’s unwavering support both for […]