London CNN Business — Soaring energy costs drove UK inflation to a fresh high in October, the latest piece of bad news for an economy sliding into recession. The annual rate of inflation rose to 11.1% in October, up from 10.1% in the 12 months to September, the Office for National Statistics said on Wednesday. […]
Washington CNN — The US Treasury Department on Tuesday unveiled additional sanctions on the entities involved in the production and transfer of Iranian drones to Russia. The sanctions target several aviation related companies and two individuals – Abbas Djuma and Tigran Khristoforovich Srabionov – who facilitated the Russian mercenary Wagner Group’s “acquisition of UAVs from […]
New York CNN Business — KFC Germany apologized for an “unacceptable” message sent to customers on Wednesday, which appeared to tie a sales promotion to the annual commemoration of Kristallnacht. KFC app users in the country received a message encouraging them to mark the day with crispy chicken and cheese from KFC, according to Twitter […]
London/Berlin CNN Business — The German government has blocked the sale of one of its semiconductor factories to a Chinese-owned tech company because of security concerns. Germany’s economic ministry said in a statement that it had prohibited Elmos Semiconductor, which makes chips for the automotive industry, from selling its factory in Dortmund to Silex, a […]
London CNN — A London court on Wednesday rejected an appeal from Indian billionaire Nirav Modi against his extradition from the United Kingdom to India to face charges of fraud and money laundering. British police arrested the diamond dealer in 2019 in London over his alleged involvement in a bank fraud that could be worth […]
Tens of thousands of British nurses will go on strike for the first time over demands for better pay, their trade union said on Wednesday, adding to pressure on Prime Minister Rishi Sunak during an economic crisis. Nurses at the majority of state-run National Health Service (NHS) employers across Britain have voted to strike, the […]
Washington CNN — The US and Russia have agreed to hold talks on the single existing nuclear treaty between the two countries in the near future, State Department spokesperson Ned Price said on Tuesday. The New START treaty limits all deployed intercontinental-range nuclear weapons by Russia and the US. The treaty – the only one […]
CNN — The World Anti-Doping Agency (WADA) has referred the case of Russian figure skater Kamila Valieva to the Court of Arbitration for Sport (CAS) after deeming the Russian Anti-Doping Agency (RUSADA) has made no progress on the skater’s Winter Olympics doping case. In a statement on Tuesday, WADA President Witold Bańka said: “Despite putting […]
Hong Kong/London CNN Business — German Chancellor Olaf Scholz will arrive in China on Friday with a team of top executives and a clear message: business with the world’s second largest economy must continue. In a whirlwind one-day visit, Scholz is expected to meet with Chinese leader Xi Jinping and Premier Li Keqiang in Beijing. […]
London CNN Business — Commodities giant Glencore (GLCNF) has been ordered to pay a record £281 million ($314 million) penalty by a UK court for bribing officials across Africa to gain access to oil. The UK government’s Serious Fraud Office (SFO), which brought the case against Glencore Energy UK, said on Thursday that the penalty […]
