CNN — Romania is recalling its ambassador to Kenya back to Bucharest and has apologized after its envoy in Nairobi compared a monkey to African diplomats during a meeting he was chairing. “The African Group has joined us,” Ambassador Dragos Tigau said when a monkey appeared at a window in the conference room, according to […]
CNN — Gunfire, explosions and overhead fighter jets were heard across Sudan’s capital Khartoum on Tuesday, as gunmen reportedly stormed the homes of people working for the United Nations and other international organizations, amid conflicting reports of an agreed ceasefire in the country. Fighting between the country’s armed forces and the paramilitary Rapid Support Forces […]
Dublin, Ireland CNN — Like so many Americans do each year, President Joe Biden returned to Ireland this week in search of his roots, seeking some connection and some answers in the land his people left so many years ago. He found it in pubs, priests and Parliament, which he said (in the Irish language) […]
Hong Kong CNN — Japan’s workers still aren’t getting paid enough to keep up with rising prices. That’s hurting living standards and creating a major headache for the country’s new central bank chief as he marks his first week on the job. Adjusted for inflation, wages slipped 2.6% in February, compared to the same month […]
Minneapolis CNN — The banking crisis could help the Federal Reserve’s fight to bring down inflation, but the central bank needs to be “cautious” in its actions moving forward, Chicago Fed President Austan Goolsbee said Tuesday. Goolsbee, the newest Fed appointee, spoke before the Economic Club of Chicago and addressed the “new, big, hairy elephant […]
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 — There’s been a seismic shift in investor perspective: Bad news is no longer good […]
CNN — The US has bolstered its military forces in the Middle East following a series of attacks on US troops in Syria attributed to Iranian-affiliated militias, the Pentagon said Friday. A squadron of A-10 attack aircraft are deploying to the region ahead of a scheduled deployment. The deployment of the attack aircraft was expedited […]
CNN — Ghana’s President Nana Akufo-Addo has said that “substantial elements” of a draconian anti-LGBTQ bill being considered by its parliament “have been modified” after an intervention by his government. Akufo-Addo made the disclosure Monday at a joint press conference with US Vice-President Kamala Harris, who’s on a tour of the West African country. He […]
Inflation is ravaging shoppers’ wallets and the Federal Reserve has responded by instituting a regimen of painful interest rate hikes that could land the economy in a recession. But corporate profits are surging. US profit margins have reached record levels not seen since the immediate aftermath of World War II. Source link
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 […]
