Americans looking to buy or rent a home have had a rough year. Rents are up by double-digit percentages in some cities. Meanwhile, buying a home is the most unaffordable it has been since the mid-1980s. Mortgage rates have surpassed 6% and home prices remain just off the record highs hit in recent months, pricing […]
London CNN Business — Labor unions in the United Kingdom offered the country a brief respite from a wave of strike action during the period of national mourning for the late Queen Elizabeth II. Now, one day after the monarch’s funeral, strikes are back on as workers press their claims for better pay and conditions […]
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. Hong Kong CNN Business — The future looked promising for Cherry in May last year, when she secured a […]
CNN — A major fire broke out in a 42-story skyscraper in the central Chinese city of Changsha in Hunan province on Friday. Authorities said that as of 4:20 p.m. local time (4:20 a.m. ET), the fire had been put out and there were no known casualties, according to Chinese state broadcaster CCTV. The Hunan […]
Workers at Britain’s biggest container port Felixstowe plan to stage a second eight-day strike over pay, the Unite union said on Tuesday, adding to a wave of industrial unrest caused by soaring inflation. Fresh strikes are planned from Sept. 27 to Oct. 5 after port workers voted by an 82% majority to reject a 7% […]
CNN — On Friday, the Bureau of Labor Statistics reported that the US unemployment rate had ticked up to 3.7% in August, an increase that surprised economists who had expected it to remain at July’s 3.5%. In a normal labor market, rising unemployment is a red flag. But even though today’s labor market is far […]
New York CNN Business — Starbucks has tapped Laxman Narasimhan as its next CEO. Narasimhan will become incoming CEO at Starbucks on October 1. He will officially begin his role in April and will then join the company’s board of directors, as well. The Reckitt Benckiser Group, where Narasimhan most recently served as CEO, announced […]
Editor’s Note: Know someone who inspires you? Click here to nominate them as a CNN Hero. CNN — In the state of Georgia, where one in eight people face hunger, one farmer has made it his mission not only to feed the hungry but to help them grow a bounty in their own backyard. “My […]
Editor’s Note: Know someone who inspires you? Click here to nominate them as a CNN Hero. Carrboro, North Carolina CNN — There’s a flurry of construction activity outside Luvinia Williams’ one-story home in Chapel Hill, North Carolina. Some workers measure and saw lumber while others drill it into place, building a ramp to the front […]
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