New Delhi CNN — India will overtake China this year to become the world’s most populous country. The likelihood of India passing that major milestone within a few months shot up Tuesday, when China reported that its population shrank in 2022 for the first time in more than 60 years. This shift will have significant […]
New York CNN — The world’s wealthiest residents have been getting far richer, far faster than everyone else over the past two years. The top 1% have captured nearly twice as much new wealth as the rest of the world during that period, according to Oxfam’s annual inequality report, released Sunday. Their fortune soared by […]
London CNN — For decades, business leaders, billionaires and politicians have gathered in Davos, Switzerland under the banner of forging ties that can help solve global problems. It’s a glitzy exercise often criticized as out of touch. It also looks increasingly out of date as the biggest war in Europe since 1945 deepens splits in […]
London CNN — Grain is once again leaving Ukrainian ports. The price of fertilizer is falling sharply. Billions of dollars in aid has been mobilized. Yet the world is still in the grips of the worst food crisis in modern history, as Russia’s war in Ukraine shakes global agricultural systems already grappling with the effects […]
CNN — At Teddy & The Bully Bar restaurant near downtown Washington, DC, business has never been the same since the pandemic hit. “It’s very challenging,” owner Alan Popovsky said. “I’m still going to be climbing the hill for quite some time. Probably for the rest of my life.” The pandemic closed two of Popovsky’s […]
Minneapolis CNN — Eggs, milk, butter, flour … if you were making pancakes last year, it would have cost you. Food prices surged in 2022. Grocery prices remain stubbornly high (and nearly double the rate of overall inflation) at 11.8% year over year, according to data released Thursday by the Bureau of Labor Statistics. Blame […]
Hong Kong CNN — China reported a record trade surplus for 2022, as its key export sector delivered robust growth for most of last year, providing much-needed support for the world’s second largest economy that’s hammered by its zero-Covid policy. But plunging shipments in December suggest exports are likely to struggle in early 2023 as […]
CNN — In rare good news for the planet, Earth’s ozone layer is on track to recover completely within decades, as ozone-depleting chemicals are phased out across the world, according to a new United Nations-backed assessment. The ozone layer protects the planet from harmful ultraviolet rays. But since the late 1980s, scientists have sounded the […]
Hong Kong CNN — China’s heavy-handed crackdown on tech giants is coming to an end and the country’s economic growth is expected to be back on track soon, according to a top central bank official. The crackdown on fintech operations of more than a dozen internet companies is “basically” over, said Guo Shuqing, the Communist […]
London CNN — Germany just took a step closer to finding a long-term, greener replacement for Russian natural gas and coal. German power producer RWE (RWEOY) and Norwegian state-owned energy firm Equinor on Thursday announced plans to build hydrogen-fueled power plants in Germany over the next few years, as well as a major pipeline between […]