By Hanna Ziady, CNN London (CNN) — The Bank of England raised interest rates by half a percentage point Thursday, after data this week revealed surprisingly stubborn inflation. The move will pile pain on people with mortgages and put more downward pressure on house prices. The decision in favor of a 13th consecutive hike takes
Continue ReadingBy Anna Cooban, CNN London (CNN) — Turkey’s central bank almost doubled interest rates to 15% Thursday in a dramatic reversal of its unorthodox policy of cutting the cost of borrowing to tame painfully high inflation. Annual consumer price inflation has come down from a two-decade high of 85.5% in October but was still 39.6%
Continue ReadingBy Ben Morse, CNN (CNN) — The US Women’s National Team (USWNT) announced its squad for the upcoming 2023 Women’s World Cup on Wednesday as it bids to win its third consecutive title. The 23-player squad chosen by head coach Vlatko Andonovski features a mix of new faces combined with some familiar ones. Forwards Alex
Continue ReadingBy Matt Egan, CNN New York (CNN Business) — The Covid-19 pandemic exposed glaring weaknesses in America’s medical supply chains, causing a frantic scramble for masks, respirators and other gear needed to fight the virus. In the years since, Americans have faced periodic shortages of antibiotics, common pain relievers, baby formula and key components needed
Continue ReadingBy Radina Gigova, CNN (CNN) — Russia’s Supreme Court has on Thursday dismissed an appeal by jailed Russian opposition leader Alexey Navalny against restrictions imposed on access to writing materials in prison, according to Russian independent news site Mediazona. Navalny, who attended the hearing via video link, had been challenging the restrictions imposed on access
Continue ReadingBy Joseph Ataman, Niamh Kennedy and Xiaofei Xu, CNN Paris (CNN) — Six people remain in a critical condition and one person is missing after a gas explosion in central Paris on Wednesday, the Paris prosecutor’s office told CNN on Thursday. Some 50 people were injured in the incident, although the Paris prosecutor’s office, which
Continue ReadingBy SUSIE BLANN Associated Press KYIV, Ukraine (AP) — Russia-appointed officials in Crimea said that a bridge between the Moscow-annexed peninsula and Russia-occupied areas in southern Ukraine was hit by missiles Thursday, threatening a key supply link to Russian forces amid the early stages of a Ukrainian counteroffensive. The Russian military has relied on the
Continue ReadingDUBAI, United Arab Emirates (AP) — The president of the United Arab Emirates has met with Iran’s visiting foreign minister in the latest sign of improving relations between Arab Gulf countries and the Islamic Republic. The UAE, Saudi Arabia and other Gulf countries have long harbored suspicions about Iran because of its nuclear program and
Continue ReadingBy Anna Chernova, Sophie Tanno and Jo Shelley, CNN (CNN) — Wall Street Journal reporter Evan Gershkovich lost his appeal against the extension of pre-trial detention in Moscow on Thursday on spying charges, which he denies. Gershkovich’s detention, at the notorious Lefortovo prison in Moscow, was extended last month to August 30. He faces up
Continue ReadingBy Hanna Ziady, CNN London (CNN) — Business rivalry seemingly isn’t enough for two of the tech industry’s most powerful billionaires. Now Elon Musk and Mark Zuckerberg say they want to settle their scores in a cage fight. Twitter owner and Tesla (TSLA) CEO Musk recently tweeted that he would be “up for a cage
Continue ReadingCNN By Hanna Ziady, CNN London (CNN) — Business rivalry seemingly isn’t enough for two of the tech industry’s most powerful billionaires. Now Elon Musk and Mark Zuckerberg say they want to settle their scores in a cage fight. Twitter owner and Tesla (TSLA) CEO Musk recently tweeted that he would be “up for a
Continue ReadingBy Andrew Torgan, CNN (CNN) — Older adults may soon be eligible for a shot that could protect them from respiratory syncytial virus — or RSV — this fall. The CDC’s independent vaccine advisory committee voted Wednesday in favor of allowing adults 60 and older, in consultation with their doctors, to get the RSV vaccine.
Continue ReadingCNN By Andrew Torgan, CNN (CNN) — Older adults may soon be eligible for a shot that could protect them from respiratory syncytial virus — or RSV — this fall. The CDC’s independent vaccine advisory committee voted Wednesday in favor of allowing adults 60 and older, in consultation with their doctors, to get the RSV
Continue ReadingCNN By James Oware, Darren Lewis and Zayn Nabbi, CNN (CNN) — Andy Cole had a distinguished soccer career, scoring crucial goals to win five Premier League titles and a Champions League trophy, but to him, his father Lincoln’s legacy “comes first.” Speaking exclusively to CNN’s Senior Sports Analyst Darren Lewis, Cole reminisced on his father’s story
Continue ReadingBy SYLVIE CORBET Associated Press PARIS (AP) — U.S. Treasury Secretary Janet Yellen says it’s “critical” the U.S. and China maintain a relationship so they can “work together” on global challenges. It comes after President Joe Biden’s remarks calling Chinese leader Xi Jinping a “dictator” drew condemnation from Beijing. Speaking at a news conference Thursday, Yellen said
Continue ReadingBERLIN (AP) — German Chancellor Olaf Scholz has warned Beijing against using force to change the status quo with Taiwan and expressed concern about the human rights situation in China. Scholz’s remarks to German lawmakers Thursday come just days after holding bilateral talks with the new Chinese premier. Scholz said Berlin wants constructive relations with
Continue ReadingBy Krystal Hur, CNN New York (CNN) — Beaten-down stocks of smaller companies are finally making a comeback, underscoring Wall Street’s newfound optimism. The S&P 600 small-cap index has rebounded roughly 8% from its low in May, and is on pace to notch its first winning month since January. Small cap stocks are domestic bellwethers,
Continue ReadingStory by Reuters (Reuters) — Elite virtual archers, sharpshooters, race car drivers, cyclists and sailors are gathering in Singapore along with dancers and chess aficionados from Thursday for the first ever Olympic Esports Week. In keeping with the best Olympic traditions, there will be an opening ceremony before the competitors get down to action playing
Continue ReadingBy Chris Lau Hong Kong (CNN) — Dubbed “the world’s hardest dish” – literally – a traditional stir-fry featuring stones as its key ingredient has sparked culinary curiosity on Chinese social media. Patrons are supposed to suck on the small rocks to relish the rich and spicy flavor of the dish, which originated in the
Continue ReadingBy Devan Cole and Audrey Ash, CNN (CNN) — Concerns about ethics and transparency at the Supreme Court have been reignited this week after Justice Samuel Alito acknowledged attending a luxury fishing trip on the private jet of a conservative hedge fund manager. ProPublica detailed the 2008 trip with Paul Singer. Alito, the report said,
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