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 […]
London CNN — The US Federal Reserve and several other major central banks announced a coordinated effort Sunday night to boost the flow of US dollars through the global financial system with the aim of keeping credit flowing to households and businesses. “The Bank of Canada, the Bank of England, the Bank of Japan, the […]
Lagos, Nigeria CNN — Nigerians will on Saturday vote in delayed governorship polls, weeks after a controversial and disputed presidential election. The gubernatorial race will be decided in 28 of Nigeria’s 36 states as the ruling party scrambles to regain lost ground in key states. But all eyes will be on the tense contest for […]
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 — With just a few days to go until the Federal Reserve’s next interest rate […]
Hong Kong CNN — New Zealand will ban TikTok on all devices with access to its parliament by the end of this month, becoming the latest country to impose an official bar on the popular social media platform owned by a Beijing-based tech conglomerate. Led by the United States, a growing number of Western nations […]