LONDON (AP) — BP posted its highest quarterly profit in more than a decade thanks to surging oil and gas prices. The earnings report Tuesday renewed calls for a U.K. government tax on energy companies’ windfall earnings to help households struggling with rising energy bills. The British energy giant said that underlying profit more than
Continue ReadingJack Guy, Vasco Cotovio, Rodrigo Pedroso and Francesca Street, CNN The Brazilian town of Encantado has a towering new statue of Jesus Christ that rivals the height of Rio de Janeiro’s famous “Christ the Redeemer” statue. The Cristo Protetor de Encantado has been in the works since 2019. Recent drone photos show it looks more
Continue ReadingBy Matt Egan, CNN Business The Federal Reserve helped rescue the economy from the worst pandemic in a century. That task may prove easy compared with the Fed’s next mission: crush inflation, without causing a recession. Achieving a so-called “soft landing” will be challenging because the jobs market is on fire. It’s so hot that
Continue ReadingCNN, CNN BUSINESS By Matt Egan, CNN Business Turmoil on Wall Street is a feature, not a bug, of the Federal Reserve’s fight against inflation, according to former New York Federal Reserve President Bill Dudley. “What’s happening right now is exactly what the Federal Reserve wants to happen,” Dudley told CNN in an interview, referring
Continue ReadingBEIJING (AP) — China’s navy says its Liaoning aircraft carrier group has embarked on a “realistic combat” training mission in the Western Pacific. In a posting on its social media site, the navy says the mission is routine, adheres to all international laws and practices and is not directed at any third parties. However, the
Continue ReadingBy Kaitlan Collins and Maegan Vazquez, CNN President Joe Biden on Tuesday told workers in Alabama that the anti-tank missiles they’re making at their facility are making possible the Ukrainian resistance to the Russian invasion and keeping US fighters out of the war. It’s a trip that would have seemed far-fetched to Biden’s own advisers
Continue ReadingBy Michael Warren, CNN Maryland GOP Gov. Larry Hogan will call for a “course correction” for the Republican Party following the Trump administration during a speech Tuesday night, according to prepared remarks obtained by CNN. “A party that lost the popular vote in seven out of the last eight presidential elections, and that couldn’t even
Continue ReadingBy MATTHEW PERRONE and TOM MURPHY The Associated Press (AP) — Biogen is looking for a new CEO less than a year after its launch of its Alzheimer’s drug Aduhelm largely fizzled. The company said Tuesday that current CEO Michel Vounatsos will continue to lead the company until his successor is appointed. Aduhelm hit the
Continue ReadingBy MATTHEW PERRONE and TOM MURPHY Associated Press Biogen is looking for a new CEO less than a year after its launch of its Alzheimer’s drug Aduhelm largely fizzled. The company said Tuesday that current CEO Michel Vounatsos will continue to lead the company until his successor is appointed. Aduhelm hit the market as the
Continue ReadingVATICAN CITY (AP) — Pope Francis has told an Italian newspaper that he has offered to travel to Moscow to meet with President Vladimir Putin to try to end Russia’s war in Ukraine, and suggested the invasion might have been provoked by NATO’s eastward expansion. Francis said he made the offer about three weeks into
Continue ReadingVATICAN CITY (AP) — Pope Francis has told an Italian newspaper that he has offered to travel to Moscow to meet with President Vladimir Putin to try to end Russia’s war in Ukraine, and suggested the invasion might have been provoked by NATO’s eastward expansion. Francis said he made the offer about three weeks into
Continue ReadingMelissa Velásquez Loaiza (CNN) — Tracy Peck estaba haciendo diligencias cuando recibió una serie de mensajes de texto y llamadas que la sorprendieron, primero de su entrenador de tenis y luego de su mejor amiga. “¿Viste la historia de CNN?”, le dijeron ambos. “Tienes que ser tú de quien hablan”. Al principio, Peck lo descartó.
Continue ReadingBy Michelle Toh, CNN Business HSBC has long prided itself on being the bank that connects East and West. Now it’s under pressure to rethink that model after a challenge from its top shareholder, one of the most powerful finance companies in China. Ping An, China’s largest insurer, is pushing for HSBC to overhaul its
Continue ReadingCHICAGO (AP) — Chicago has announced a bid to bring the Democratic National Convention that will choose the party’s presidential nominee to the city in 2024. The announcement Tuesday morning was accompanied by endorsements from top Illinois Democrats, including Chicago Mayor Lori Lightfoot and Gov. J.B. Pritzker on down. Lightfoot says, “Hosting the 2024 Democratic
Continue ReadingJuan Pablo Elverdin (CNN) — Los latinos en Estados Unidos con piel más oscura están experimentando la discriminación de sus compañeros latinos y de los no latinos en casi la misma proporción, dice una nueva encuesta del Centro de Investigación Pew. El informe, publicado este lunes, se basa en una encuesta realizada en marzo de
Continue ReadingBy TALES AZZONI AP Sports Writer MADRID (AP) — Real Madrid is hoping to produce one last magical Champions League night at the Santiago Bernabéu this season. The team has already rallied at home against Paris Saint-Germain and defending champion Chelsea. Now Madrid needs to get past Manchester City to return to the final for
Continue ReadingBy TOM MURPHY AP Health Writer Sales of Pfizer’s COVID-19 vaccine and treatment pushed the drugmaker well past expectations in the first quarter, as profit grew 61%. The coronavirus vaccine Comirnaty brought in more than $13 billion in sales, and the treatment Paxlovid added another $1.5 billion as company revenue swelled 77%. Overall, Pfizer posted
Continue ReadingBy Harry Enten, CNN I have a confession to make. My name is Harry Enten, and I am a millennial who sounds like a 75-year-old Jewish man. In fact, a lot of people assume I have stepped out of a time machine. I speak with what many consider a stereotypical New York accent. And yes,
Continue ReadingBy Eric Bradner, CNN After casting their early Ohio primary ballots last weekend, voter after voter — those who grabbed Democratic ballots and Republican ballots — identified the same issue as the most important to them: inflation. “It’s food on the table, gas in your car, retirement. How are you going to deal with all
Continue ReadingBy Danielle Wiener-Bronner, CNN Business Popeyes started the chicken sandwich wars in 2019 — and it’s adding a new entree to the battle. The $4.99 Buffalo Ranch Chicken Sandwich is available for a limited time starting Tuesday, and it features classic ingredients with a twist: hand-battered crispy chicken on a brioche bun with pickles, but
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