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 […]
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 […]
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 […]
London CNN — On March 10, the biggest failure of a US bank since the global financial crisis was playing out in real time as a major lender to the tech industry succumbed to a classic bank run. Silicon Valley Bank’s customers were frantically pulling their money from the California-based lender before US regulators intervened […]