Washington CNN — Mortgage rates have taken would-be buyers on a ride this year — and it’s only March. Generally, home buyers can anticipate mortgage rates to move down through the rest of this year as the banking crisis drags on, which could cool down inflation. But there are bound to be some bumps along … Read more
CNN — The US has conducted an airstrike in Syria against what it said were Iranian-affiliated facilities after a suspected Iranian drone struck a facility housing US personnel in the country, killing an American contractor and wounding five US service members. The deadly exchange comes at an unusually sensitive time in US-Iranian relations, with the … Read more
London CNN — Europe’s banking stocks tumbled Friday as investors acted on their lingering worries that the recent crises at some banks could spill over into the wider sector. Europe’s Stoxx Europe 600 Banks index, which tracks 42 big EU and UK banks, closed 3.8% lower. The index is down 18% from its high in … Read more
CNN — When EU lawmakers voted to ban the sale of new combustion engine cars in the bloc by 2035, it was a landmark victory for climate. In February, the European Parliament approved the law. All that was needed was a rubber stamp from the bloc’s political leaders. Then Germany changed its mind. In a … Read more
London CNN — A nationwide strike in France to protest a rise in the retirement age drew more than a million people onto the streets on Thursday before ending in violent clashes with police in Paris and other cities. The protest followed a strike of a similar magnitude in January and days of smaller walkouts … Read more
CNN — King Charles’s state visit to France has been postponed amid planned protests over the French government’s controversial pension reforms. Both France’s Élysée Palace and Buckingham Palace confirmed the trip had been shelved on Friday morning. The British monarch and Queen Consort were supposed to visit the country from Sunday through Wednesday, and they … Read more
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — In the wake of Silicon Valley Bank’s collapse and subsequent banking meltdown, cash is … Read more
Paris CNN — More than a million people took to the streets across France on Thursday with protests turning violent in some areas as demonstrators voiced their fury at proposed pension reforms. Clashes between groups of protesters and police broke out after workers staged a national strike throughout Thursday, with flare-ups in Paris and regional … Read more
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — The Federal Reserve raised interest rates by a quarter percentage point on Wednesday as … Read more
Hong Kong/London CNN — European and Asian markets were mixed during Thursday trade as investors digested the decision by the US Federal Reserve to raise its main interest rate by 25 basis points in a bid to bring down inflation. European markets opened lower, with the region’s benchmark Stoxx Europe 600 index falling 0.9% in … Read more