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
London CNN — Switzerland’s banking crisis has been halted, the country’s central bank said Thursday as it hiked interest rates for the fourth time in a bid to contain inflation. Together with the Swiss government and financial market regulator FINMA, the Swiss National Bank (SNB) helped orchestrate the emergency takeover of Credit Suisse (CS) by … Read more
Editor’s Note: This is an updated version of a story that originally ran on February 1, 2023. New York CNN — After two weeks of banking turmoil, the Federal Reserve on Wednesday continued its bid to beat down inflation by raising its key interest rate again, the ninth such hike over the past year. That … Read more
Paris CNN — France’s powerful unions are coming out in force for a nationwide strike Thursday in a rejection of a controversial retirement age reform that the government pushed through parliament last week without a vote. Though sporadic, sometimes unruly demonstrations have popped up in Paris and other cities across France since the bill’s passage, … Read more
CNN — An investigative journalist who detailed allegations of sexual abuse and harassment against the former Haitian Football Federation (FHF) president is now facing a defamation lawsuit designed to gag him, his lawyer tells CNN Sport. French journalist Romain Molina – who wrote news stories detailing the allegations against former FHF president Yves Jean-Bart to … Read more
Editor’s Note: Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Get news about destinations opening and closing, inspiration for future adventures, plus the latest in aviation, food and drink, where to stay and other travel developments. CNN — Amsterdam’s Schiphol Airport, one of Europe’s busiest aviation hubs, is to be forced to limit … Read more
CNN — A large ship sitting in a dry dock was dislodged from its holding and partially tipped over in the Scottish capital Edinburgh on Wednesday, leaving 33 people injured, emergency services said. A spokesperson for the Scottish Ambulance Service told CNN that 21 patients were transported to local hospitals and a further 12 were … Read more
CNN — The world is facing a looming global water crisis that threatens to “spiral out of control” as increased demand for water and the intensifying impacts of the climate crisis put huge pressure on water resources, a UN report has warned. Water use has increased by about 1% a year over the last 40 … Read more
Cibola, Arizona CNN — Situated in the Sonoran Desert near the Arizona-California border is the tiny rural town of Cibola – home to roughly 300 people, depending on the season. Life here depends almost entirely on the Colorado River, which nourishes thirsty crops like cotton and alfalfa, sustains a nearby wildlife refuge and allows visitors … Read more