CNN — A US airstrike in Somalia killed an al-Shabaab militant leader on Saturday in coordination with the Somali government, US Africa Command said in a statement. The US said the initial assessment of the strike was that an al-Shabaab militant leader had been killed and there were no civilian casualties. Although the statement did […]
New York CNN Business — Around the world, markets are flashing warning signs that the global economy is teetering on a cliff’s edge. The question of a recession is no longer if, but when. Over the past week, the pulse of those flashing red lights quickened as markets grappled with the reality — once speculative, […]
New York CNN — US officials are increasingly troubled by the United Kingdom’s proposal to slash taxes at a time of crushing inflation, a plan that has ignited turbulence in financial markets. UK Prime Minister Liz Truss’s tax-cut plan has drawn criticism from economists and investors and prompted the Bank of England to calm panicked […]
New York CNN Business — Warning lights are flashing in the global economy as high inflation, drastic rate hikes and the war in Ukraine take their toll. There is currently a 98.1% chance of a global recession, according to a probability model run by Ned Davis Research. The only other times that recession model was […]
This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York CNN Business — After tumbling to a record low against the dollar, the British pound stabilized Tuesday, rising more than 1% to $1.08. But the economic policy that sparked the currency’s historic nosedive […]
CNN — US Secretary of State Antony Blinken said Tuesday that the Biden administration “will certainly look for ways to facilitate technology services being made accessible to people in Iran” amid widespread internet outages during the nationwide unrest. Anti-government protests have raged across Iran after 22-year-old Mahsa Amini died in the custody of the nation’s […]
Washington CNN — Vice President Kamala Harris will visit the Korean Demilitarized Zone that divides North and South Korea on Thursday as part of her visit to South Korea, a White House official said. Harris’ trip will include site visits at the DMZ, meetings with service members, and an operational briefing from US commanders, the […]
CNN Business — When Iranian authorities pulled the plug on the internet in 2019 amid anti-government protests, the international community struggled to track the civilian carnage that followed. The people of Iran had taken to the streets to demonstrate after fuel prices surged as much as 300% overnight. The New York Times reported at 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. CNN — When Russian President Vladimir Putin met with Chinese leader Xi Jinping in Uzbekistan last week, the mood […]
CNN — With Category 4 Hurricane Fiona poised to sideswipe Bermuda later this week, people in the storm’s deadly wake still faced days without basic utilities Wednesday – including much of Puerto Rico, where most were left without power and running water. Only about 395,200 of Puerto Rico’s 1.5 million utility customers had power by […]
