London CNN Business — The Bank of England said Wednesday it would buy UK government debt “on whatever scale is necessary” in an emergency intervention to halt a bond market crash that it warned could threaten financial stability. Investors have been dumping the pound and UK bonds since the government of new Prime Minister Liz […]
This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York CNN Business — After tumbling to a record low against the dollar, the British pound stabilized Tuesday, rising more than 1% to $1.08. But the economic policy that sparked the currency’s historic nosedive […]
CNN — US Secretary of State Antony Blinken said Tuesday that the Biden administration “will certainly look for ways to facilitate technology services being made accessible to people in Iran” amid widespread internet outages during the nationwide unrest. Anti-government protests have raged across Iran after 22-year-old Mahsa Amini died in the custody of the nation’s […]
New Delhi CNN Business — Indian billionaire Gautam Adani says that China “will feel increasingly isolated” and the “foremost champion of globalization” would find it hard to bounce back from a period of economic weakness. Speaking at a conference in Singapore on Tuesday, Adani said “increasing nationalism, supply chain risk mitigation, and technology restrictions,” as […]
Washington CNN — Vice President Kamala Harris will visit the Korean Demilitarized Zone that divides North and South Korea on Thursday as part of her visit to South Korea, a White House official said. Harris’ trip will include site visits at the DMZ, meetings with service members, and an operational briefing from US commanders, the […]
The Philippines will stop operations of 175 offshore gambling firms and deport about 40,000 Chinese workers, a justice ministry official said on Monday, part of a crackdown on the notoriously opaque online gaming industry. The sector emerged in the Philippines in 2016 and grew exponentially, as operators capitalized on the country’s liberal gaming laws to […]
London CNN Business — UK policymakers are trying to calm markets after a plan by Prime Minister Liz Truss to cut taxes while ramping up borrowing sparked panic among investors worried it could feed inflation and destabilize government finances. The Bank of England said Monday that it is “monitoring developments in financial markets very closely […]
CNN — Ebola infections have risen across districts in Uganda, bringing the cumulative number of confirmed and suspected deaths to 23, health authorities in the east African country said Monday. Uganda declared an Ebola outbreak last Tuesday after a case of the relatively rare Sudan strain was detected in the country’s Mubende district. The virus […]
CNN Business — When Iranian authorities pulled the plug on the internet in 2019 amid anti-government protests, the international community struggled to track the civilian carnage that followed. The people of Iran had taken to the streets to demonstrate after fuel prices surged as much as 300% overnight. The New York Times reported at the […]
Editor’s Note: A version of this story appeared in CNN’s Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Sign up here. CNN — When Russian President Vladimir Putin met with Chinese leader Xi Jinping in Uzbekistan last week, the mood […]
