CNN — Markets seesawed severely this week when two of the US economy’s most prominent leaders gave seemingly contradictory statements on the health of the banking sector. Expect more turbulence ahead. Fresh off of the Federal Reserve’s decision on Wednesday to hike interest rates by a quarter point, Fed Chairman Jerome Powell said in the […]
CNN — When EU lawmakers voted to ban the sale of new combustion engine cars in the bloc by 2035, it was a landmark victory for climate. In February, the European Parliament approved the law. All that was needed was a rubber stamp from the bloc’s political leaders. Then Germany changed its mind. In a […]
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 — The Federal Reserve raised interest rates by a quarter percentage point on Wednesday as […]
London CNN — Switzerland’s banking crisis has been halted, the country’s central bank said Thursday as it hiked interest rates for the fourth time in a bid to contain inflation. Together with the Swiss government and financial market regulator FINMA, the Swiss National Bank (SNB) helped orchestrate the emergency takeover of Credit Suisse (CS) by […]
A court in western India found opposition leader Rahul Gandhi guilty of defamation on Thursday for a speech he made in 2019 in which he referred to thieves as having the surname Modi, and sentenced him two years in prison. Gandhi was present at the court in Surat, a city in Gujarat, which is Prime […]
New York CNN — Right now, $250,000 seems to be the number on everyone’s minds. That’s the Federal Deposit Insurance Corporation’s standard limit, meaning any bank deposits up to that amount are protected by the independent government agency. Before the recent collapse of Silicon Valley Bank and Signature Bank, most Americans were not worried about […]
CNN — The United Nations and United States on Wednesday added to international outrage over a hardline bill passed by Ugandan lawmakers that criminalizes simply identifying as LGBTQ+, prescribes a life sentence for convicted homosexuals and a death penalty for “aggravated homosexuality.” The UN’s High Commissioner for Human Rights asked Ugandan President Yoweri Museveni not […]
New York CNN — The Federal Reserve and its chairman, Jerome Powell, are facing a legacy-defining moment as their two-day monetary policy meeting concludes on Wednesday. The mission? Slay the inflation dragon without singeing the banking system. Among the choices, the Fed could continue its aggressive rate-hike campaign to cool inflation that is running at […]
London CNN — Boris Johnson will on Wednesday hit back at claims he deliberately misled parliament while serving as British prime minister. The former UK leader will give evidence to a parliamentary committee that is investigating Johnson’s claim that Covid-19 rules and guidelines were followed “at all times” during his time in 10 Downing Street. […]
CNN — Ugandan lawmakers have approved a law which imposes a punishment of up to 10 years in prison for identifying as LGBTQ+, among other things. The new legislation constitutes a further crackdown on LGBTQ+ people in a country where same sex relations are already illegal. It targets an array of activities, including banning promoting […]
