CNN — Mercedes-Benz will take a step towards offering a self driving car in the United States, or at least in some states, when it begins selling cars featuring its new Drive Pilot system later this year. Mercedes’ Drive Pilot system is designed to work on highways in dense traffic at speeds of less than […]
London CNN — China’s swift reopening after nearly three years of strict coronavirus controls could provide a much-needed boost to global economic growth, but may also stoke inflation just as it has shown signs of falling back. The revival of the world’s second largest economy — and its biggest consumer of commodities — threatens to […]
New York CNN — Newly unsealed bankruptcy documents revealed thousands of creditors to whom FTX owes money after the once-mighty crypto exchange collapsed in November. Wall Street heavyweights including Goldman Sachs and JPMorgan were named in the creditor list, which includes businesses, charities, individuals and other entities in a 116-page document filed late Wednesday. FTX […]
New York CNN — Chevron reported a record full-year profit of $36.5 billion, buoyed by high oil prices. Adjusted earnings for the year more than doubled from the $15.6 billion Chevron earned in 2021 and up 36% from its previous record profit set in 2011. The oil company’s fourth-quarter earnings came in at $7.9 billion, […]
CNN — Human activity and extreme drought is causing far more damage to the Amazon rainforest than previously thought, exacerbating climate change, according to a new study. While many climate studies focus on Amazon deforestation – where trees are completely cleared and land use changes – this study looks at “degradation.” This is when the […]
Editor’s Note: A version of this story appeared in the January 27 edition of CNN’s Royal News, a weekly dispatch bringing you the inside track on Britain’s royal family. Sign up here. London CNN — You might get a sense of deja vu with this edition of Royal News. Long-time readers will probably recall the […]
CNN — A legal fight in Norway over snow crabs could end up having big implications for access to oil in the Arctic. This week Norway’s Supreme Court is hearing a case about whether Latvian trawlers are able to catch snow crab – a cold water species whose leg meat is popular in countries including […]
The Pakistani rupee fell 9.6% against the dollar on Thursday, central bank data showed — the biggest one-day drop in over two decades — in a slump that may persuade the International Monetary Fund to resume lending to the country. The drop comes a day after foreign exchange companies removed a cap on the exchange […]
Minneapolis CNN — The US economy expanded again during the fourth quarter, registering solid growth to end 2022 even as consumers and businesses battled historically high inflation and rising interest rates. Gross domestic product — the broadest measure of economic activity — increased at an annualized rate of 2.9% from October to December last year, […]
New York CNN — Southwest Airlines reported a loss for the fourth quarter because of the company’s service meltdown over the holiday travel season, and it warned the costs from those problems will result in another loss in the first quarter. The airline was forced to cancel more than 16,700 flights between December 21 and […]
