New York CNN — John J. Ray III, who made his name overseeing the liquidation of Enron in the early 2000s, is the man in charge of sifting through the rubble of FTX, the once-mighty cryptocurrency exchange — founded in 2019 and run into the ground by 2022 by Sam Bankman-Fried. On Tuesday, Ray testified […]
Johannesburg CNN — South African President Ramaphosa survived a move to start impeachment proceedings against him in a vote in parliament on Tuesday. The move was widely expected, after the top leadership ruling African National Congress (ANC) called on their parliamentary caucus to block the investigation. One by one, MPs were asked to articulate their […]
CNN — For more than a year, I have been trying to help a family leave Afghanistan for safety and a new life abroad. I met one member of the family of four years ago on multiple assignments in Afghanistan and we have stayed in touch through the many ups and downs of the war […]
Minneapolis CNN — Inflation as measured by the Consumer Price Index cooled considerably in November and is at its lowest level in almost a year. Prices rose 7.1% annually in November, down from 7.7% in October, according to the Bureau of Labor Statistics’ closely watched index, which measures the change in prices paid by consumers […]
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 — China has challenged a move by the United States to block sales of advanced computer chips and chip-making equipment to Chinese companies by launching a trade dispute at the World Trade Organization, calling the measures “trade protectionism.” The country’s commerce ministry filed a formal complaint against the United States with the […]
Editor’s Note: A version of this story appeared in CNN’s Meanwhile in China newsletter, a three-times-a-week update exploring what you need to know about the country’s rise and how it impacts the world. Sign up here. Beijing CNN — China is bracing for an unprecedented wave of Covid-19 cases as it dismantles large parts of […]
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 […]
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 — It seems like you can’t go anywhere these days without colliding headfirst into […]
New York CNN Business — Here’s more bad news for Tesla CEO Elon Musk — as if he needs any. Investors who took short positions in Tesla stock have made an $11.5 billion profit so far this year, according to Wall Street analytics firm S3 Partners, as Tesla shares lost about half their value. That’s […]