London CNN Business — The European Central Bank raised interest rates by a record three-quarters of a percentage point on Thursday and promised more action to come as it struggles to contain the inflationary fallout of the invasion of Ukraine by Russia and the ensuing energy crisis. This decision will bring the reference rate of … Read more
New York CNN Business — Apple’s stock has been a lemon this year. Shares are down more than 10% so far in 2022, and Apple is trading around 15% below the all-time high reached in early January. But with new iPhones will be unveiled on WednesdayWill expectations for strong holiday sales – and all the … Read more
CNN — Widespread ice loss from Greenland blocked nearly a foot of global sea level rise it should happen in the near future – and new research suggests there’s no way to stop it, even if the world stopped releasing global warming emissions today. The study, published Monday in the journal Nature Climate Change, found … Read more
The worst fighting in Libya for two years suddenly hit the capital, Tripoli, on Saturday. It explains what led to the violence, why it matters, and how things can unfold. Libya’s fault lines surfaced as local groups took different positions during the 2011 NATO-backed uprising that toppled Muammar Gaddafi. An attempted democratic transition has spiraled … Read more
Seoul, South Korea CNN — Two US Navy warships entered the Taiwan Strait in what is the first US naval transit of the waterway since US-China tensions rose this month during a visit to the island of House Speaker Nancy Pelosi. The USS Antietam and USS Chancellorsville guided-missile cruisers were making the trip Sunday “through … Read more
CNN — Americans across the country are sharing their mixed reactions to President Joe Biden’s decision to forgive up to $20,000 in student loan debt for millions of borrowers. Biden announced on Wednesday that borrowers who hold loans from the Department of Education and earn less than $125,000 a year are eligible for up to … Read more
CNN — of President Joe Biden student loan debt relief plan should primarily help working-class and middle-class borrowers, according to an updated report from an influential research group. That’s a change from his earlier projection that more high-income borrowers would get basic loan forgiveness. About 75% of the profits will go to households earning $88,000 … Read more
Minneapolis CNN Business — The Federal Reserve’s favorite inflation gauge showed prices took a breather last month as fuel costs continued to fall from record highs. The personal consumption expenditure price index rose 6.3% for the year to July, down from 40-year high of 6.8% recorded in June, according to data published by the Bureau … Read more
CNN — Wading through thigh-deep water, dozens of nursing home residents clung to a rope stretched across a flooded parking lot on Wednesday as they were evacuated from a Mississippi nursing home. Residents, aided by firefighters, volunteers and state troopers, passed submerged cars as they departed by school bus from the Peach Tree Village assisted … Read more
Kyiv, Ukraine CNN — Ukraine Zaporizhzhia nuclear power plantwhich is held by Russian forces, was completely disconnected from the power grid for the first time in its history on Thursday, according to the country’s nuclear operator. The complex was disconnected on Thursday due to fires in nearby ash pits, causing the last remaining power line … Read more
