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 […]
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 […]
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 […]
CNN — The US carried out a strike in Somalia that killed six al-Shabaab militants on Friday, US Africa Command said in a statement. The strike was in “self-defense,” according to the command, or AFRICOM, and it was carried out at the request of the Somali government. According to an initial assessment, no civilians were […]
London CNN — Brits hoping for a new-year salary bump to offset soaring food and energy costs may be disappointed. The average British worker’s pay in 2023 is expected to fall back to 2006 levels once inflation is taken into account, according to PwC. Real wages, which factor in inflation, are expected to fall by […]
CNN — For nearly half a decade, you could be forgiven for thinking just about everything in Western democracy seemed a bit broken. The social-media yelling in 140 characters. The wild populism, and dog-whistle racism. The clumsy coronavirus lockdowns and their attendant conspiracy theories. The tolerance of absolute, constant falsehoods. The questioning and beleaguering of […]
CNN — Five people were killed in a shooting at a condominium in a Toronto suburb Sunday night, police said, a “terrible” crime that came amid Canada’s efforts to tighten its gun control laws. After responding to an active shooting call about 7:20 p.m. at the residential building in Vaughan, just north of Toronto, police […]
