London CNN Business — The UK government is hiking a windfall tax on oil and gas companies and extending the levy to electricity generators, as it scrambles to balance its budget amid an economic downturn. It is also investing in nuclear power for the first time in decades. UK finance minister Jeremy Hunt announced the […]
London CNN Business — The United Kingdom has already entered a recession and is battling decades-high inflation, eroding standards of living for millions of people across the country. Now, Britons must also stomach higher taxes and reductions to public services as the government tries to get its finances on more solid footing — underscoring the […]
Hong Kong CNN — When world leaders at the Group of 20 summit in Bali, Indonesia, issued a joint statement condemning Russia’s war in Ukraine, a familiar sentence stood out from the 1,186-page document. “Today’s era must not be of war,” it said, echoing what Indian Prime Minister Narendra Modi told Russian leader Vladimir Putin […]
London CNN Business — The last time a British finance minister revealed tax and spending plans, markets went haywire and the country’s prime minister ultimately lost her job. The new government is not looking for a repeat performance. On Thursday, Chancellor Jeremy Hunt is due to unveil a budget that will aim to restore confidence […]
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 […]
CNN — The Taliban likely gained access to tens of millions of dollars the US transferred to the Afghan government before it collapsed, a US government watchdog found. The Special Inspector General for Afghanistan Reconstruction (SIGAR), which monitored US projects and spending during America’s longest war, said in its latest report that the Taliban likely […]
Hong Kong CNN Business — Officials attending the first US-China summit under the new Biden administration in March 2021 exchanged undiplomatic words, highlighting a tense relationship between the world’s two largest economies grappling with a simmering trade war. Since then, ties between the United States and China have chilled further, particularly after the US House […]
CNN — Four American climate activists have been kicked out of the COP27 UN climate talks in Egypt after protesting during US President Joe Biden’s speech on Friday. The group briefly interrupted Biden’s speech with what they described as an indigenous war cry, then unfurled a banner which read “People vs Fossil Fuels.” While Biden […]
CNN — David Beckham’s “status as a gay icon will be shredded” if the former England captain and Manchester United star continues in his role as a Qatar World Cup ambassador said British comedian Joe Lycett on Sunday. In a video posted on Twitter, Lycett, a British comedian who describes himself as queer on his […]
Abuja, Nigeria CNN — Two TikTok comedians have been publicly whipped in Nigeria for making a video that a court in the northern Kano State ruled had defamed the state Governor Abdullahi Umar Ganduje, according to a judicial spokesperson. Mubarak Isah Muhammad, 26, and Nazifi Muhammad Bala, 23, each received 20 lashes for making defamatory […]