New York CNN — Canada in 2023 is closing its doors to foreign investors who want to purchase homes. A new Canadian law took effect January 1 that essentially bans foreign buyers from buying residential properties as investments for two years. The law was passed because of a spike in Canadian home prices since the […]
Reuters — At least nine people, including a 10-year-old boy, suffocated to death as crowds rushing to see a New Year’s firework display got stuck in a narrow corridor in a shopping mall near Uganda’s capital, police said. People started pushing through a passage in the Freedom City Mall just after clocks struck midnight, the […]
London CNN — In May 2017, Sophie Bichener did what many in their twenties are unable to do: buy a home. She paid around £230,000 (around $295,000 at the time) for her two-bedroom apartment in a high-rise building in a town north of London, where a train could get her to work in the capital […]
São Paulo, Brazil CNN — Brazilian President Jair Bolsonaro left Brazil for the United States on Friday, according to CNN Brasil, two days before the inauguration of his successor, President-elect Luiz Inácio “Lula” da Silva. Bolsonaro took off from Brasília’s air base in a Brazilian Air Force plane. He was accompanied by advisers and first […]
CNN — As the new year begins, a number of popular electric vehicles, specifically some Tesla and General Motors models, could be eligible for $7,500 worth of tax credits they weren’t eligible for in 2022. But that eligibility may last only last a few months. That’s because limitations on new tax credits enacted in August […]
London CNN — The global economy has endured a tough year, with decades-high inflation sapping post-lockdown spending and pushing central banks to hike borrowing costs at an unprecedented clip to bring it under control. Their campaign to manage prices may be working — but potentially at a sizable cost in 2023. “It is likely that […]
New York CNN — The U.S. Virgin Islands government filed a lawsuit Tuesday against JPMorgan Chase, alleging that the Wall Street bank benefited financially from Jeffrey Epstein’s sex trafficking operation and failed in its duty to report suspicious financial activity. “Over more than a decade, JPMorgan (JPM) clearly knew it was not complying with federal […]
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 — This hasn’t been a good year for the equities market. The S&P 500 is […]
São Paulo CNN — Police in Brasilia arrested a man on Saturday suspected of planting and possessing explosive devices one week ahead of former President Luiz Inácio Lula da Silva’s inauguration, Police Chief Robson Candido said during a news briefing. The 54-year-old suspect went to Brasilia for demonstrations in support of President Jair Bolsonaro, police […]
Hong Kong CNN — Almost 250 million people in China may have caught Covid-19 in the first 20 days of December, according to an internal estimate from the nation’s top health officials, Bloomberg News and the Financial Times reported Friday. If correct, the estimate – which CNN cannot independently confirm – would account for roughly […]
