Washington, D.C. CNN — The Federal Reserve approved a fourth-straight rate hike of three-quarters of a percentage point on Wednesday as part of its aggressive battle to bring down the white-hot inflation that is plaguing the US economy. The supersized hike brings the central bank’s benchmark lending rate to a new target range of 3.75% […]
CNN — The United States will work to remove Iran from the UN Commission on the Status of Women, US Vice President Kamala Harris announced Wednesday. The effort to evict Iran form the 45-member intergovernmental body comes as the Iranian government has tried to suppress nationwide protests following the death of 22-year-old Mahsa Amini in […]
CNN — Brazil’s President Jair Bolsonaro said Tuesday that he would “continue to fulfill all the commandments of our constitution” in a short speech at the presidential palace in Brasilia, after days of silence following his election loss to the leftist former leader Luiz Inacio Lula da Silva. He did not explicitly concede defeat, though […]
New York CNN Business — As the Federal Reserve kicks off another pivotal rate-setting meeting, lawmakers are reminding the central bank exactly just how high the stakes are. In a letter sent Monday to Fed Chair Jerome Powell, Democratic senators expressed concern about the Fed’s plan to continue raising interest rates at an “alarming pace” […]
New York CNN Business — The Federal Reserve’s war on inflation isn’t just painful for home buyers and people with credit card debt. Uncle Sam is getting squeezed by higher borrowing costs, too. The cost to finance America’s growing mountain of debt is rising rapidly as the Fed scrambles to put out the inflation fire […]
Jerusalem CNN — Israelis are heading to the ballot box for an unprecedented fifth time in four years on Tuesday, as Israel holds yet another national election aimed at ending the country’s ongoing political deadlock. For the first time in 13 years, former Prime Minister Benjamin Netanyahu is not running as the incumbent. Bibi, as […]
Sao Paulo CNN — Luiz Inácio “Lula” da Silva has been elected the next president of Brazil, in a stunning comeback following a tight run-off race on Sunday. His victory heralds a political about-face for Latin America’s largest country, after four years of Jair Bolsonaro’s far-right administration. The 76-year-old politician’s win represents the return of […]
CNN Business — Even by Facebook’s standards, 2021 was a rough year. A series of damning reports based on leaks from a whistleblower raised uncomfortable questions about Facebook’s impact on society; the company continued reeling from concerns about the use of its platform to organize the January 6 Capitol riot; and privacy changes from Apple […]
CNN — Polls opened Sunday in Brazil’s presidential election runoff between former leftist leader Luiz Inacio Lula da Silva and the far-right incumbent Jair Bolsonaro, which has seen polls tighten dramatically in recent weeks. Voting will continue until 5 p.m. in Brazil’s capital, Brasilia, with the country’s electronic ballot system confirming results about two hours […]
Editor’s Note: Frida Ghitis, (@fridaghitis) a former CNN producer and correspondent, is a world affairs columnist. She is a weekly opinion contributor to CNN, a contributing columnist to The Washington Post and a columnist for World Politics Review. The views expressed in this commentary are her own. View more opinion on CNN. CNN — On […]
