New York CNN — The Federal Reserve is expected to raise interest rates by half a point at the conclusion of its two-day policy meeting on Wednesday, an indication that the central bank is pulling back on its aggressive stance as signs begin to emerge that inflation may be easing. Although that increase would be […]
Hong Kong CNN — Semiconductor giant TSMC was feted this week by US President Joe Biden and Apple CEO Tim Cook during a ceremony to unveil its $40 billion manufacturing site in Arizona — a huge investment designed to help secure America’s supply of the most advanced chips. But back home in Taiwan, there is […]
New Delhi CNN — India’s ruling Bharatiya Janata Party (BJP) scored a landslide election win in Prime Minister Narendra Modi’s home state of Gujarat on Thursday, in a boost for the leader and his Hindu-nationalist party ahead of the 2024 general election. The BJP took 156 of 182 total seats in the Gujarat state assembly […]
New York CNN Business — A must-pass defense bill now being negotiated in Congress includes new sanctions designed to trip up Russia’s war machine by targeting Moscow’s mountain of gold. The legislative text of the National Defense Authorization bill for fiscal 2023 includes language from a bipartisan bill introduced in March that would make it […]
New York CNN Business — The US trade gap edged only slightly higher in October than the month before, to $78.2 billion. The latest reading was up just 5.4%, less than half the pace of increase from the revised September reading, when the trade deficit jumped by 12.7% to $74.1 billion. A strong dollar and […]
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 Business — Democrats and Republicans in Congress are gearing up for yet another political showdown […]
London CNN Business — Most Russian crude oil exports to Europe are now banned, marking the boldest effort yet by the West to pile financial pressure on President Vladimir Putin as his brutal war in Ukraine enters its tenth month. The oil embargo, which was agreed upon in late May, took effect in the European […]
London CNN — Beijing has set up more than 100 so-called overseas police stations across the globe to monitor, harass and in some cases repatriate Chinese citizens living in exile, using bilateral security arrangements struck with countries in Europe and Africa to gain a widespread presence internationally, a new report shared exclusively with CNN alleges. […]
Nairobi, Kenya CNN — When a prominent Pakistani investigative journalist was shot dead by Kenyan police on a dirt road on the outskirts of Nairobi, the questions began swirling immediately. How did he come to be there? Why did the police shoot at his vehicle? And did his outspoken reporting – often critical of the […]
New York CNN Business — Most labor disputes never end up being debated in Congress. But thanks to a nearly century-old law that regulates labor relations only when it comes to railroads and airlines, what otherwise would be strictly an economic issue became a political one. The Railway Labor Act was passed in 1926 as […]