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 […]
London CNN Business — A week ago, the Bank of England took a stab in the dark. It raised interest rates by a relatively modest half a percentage point to tackle inflation. It couldn’t know the scale of the storm that was about to break. Less than 24 hours later, the government of new UK […]
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 […]
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 […]
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 […]
United Nations Headquarters CNN — In his first address to the United Nations General Assembly on Tuesday, recently elected Colombian president Gustavo Petro delivered a fiery speech that recalled some of his campaign themes, slamming the war on drugs as a failure and accusing the global north of turning a blind eye to the destruction […]
A US Navy ship, the Arleigh Burke-class guided-missile destroyer USS Higgins, conducted a “routine Taiwan Strait transit” on Tuesday, US Navy spokesperson Lt. Mark Langford said in a statement. The US ship conducted the transit “in cooperation with Royal Canadian Navy Halifax-class frigate HMCS Vancouver,” Langford said. The two ships “transited through a corridor in […]
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 — It has been close to six decades since the British monarchy symbolically ruled Singapore, but Queen Elizabeth II’s death still elicited grief and reflection in the Southeast Asian nation. Leading tributes was Singapore’s Prime Minister Lee Hsien Loong, who sent his condolences to British leaders and shared a photograph taken with the Queen […]
