October 01 2022, 08:00
Liz Truss's first full week as British Prime Minister has not been an easy one. It began with the pound crashing to its lowest level in decades following her government's mini-budget last Friday. It ended with her meeting the UK's independent financial forecaster and having to explain herself after a week of economic chaos.
Source:
CNN.com - RSS Channel - World
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October 01 2022, 08:00
A week ago, the Bank of England took a stab in the dark. It raised interest rates by a relatively modest half a percentage point to tackle inflation. It couldn't know the scale of the storm that was about to break.
Source:
CNN.com - RSS Channel - World
October 01 2022, 08:00
All week, there have events in the news that have come in under of the banner of "this hasn't happened since 2007/2008."
Source:
CNN.com - RSS Channel - World
October 01 2022, 08:00
Warning lights are flashing in the global economy as high inflation, drastic rate hikes and the war in Ukraine take their toll.
Source:
CNN.com - RSS Channel - World
October 01 2022, 08:00
US officials are increasingly troubled by the United Kingdom's proposal to slash taxes at a time of crushing inflation, a plan that has ignited turbulence in financial markets.
Source:
CNN.com - RSS Channel - World
October 01 2022, 08:00
Lake Powell, the second-largest human-made reservoir in the US, has lost nearly 7% of its potential storage capacity since 1963, when Glen Canyon Dam was built, a new report shows.
Source:
CNN.com - RSS Channel - World
October 01 2022, 08:00
Less than two weeks after Hurricane Fiona barreled through Puerto Rico, the island's health department says at least 25 deaths may be linked to the storm.
Source:
CNN.com - RSS Channel - US
October 01 2022, 08:00
In Alameda County, just across the bay from San Francisco, 45 sheriff's deputies have had their guns taken away.
Source:
CNN.com - RSS Channel - US
October 01 2022, 08:00
Several states are sending taxpayers money to help them cope with inflation, but some economists warn that the payments will do little to alleviate the pain of rising costs and could further fuel inflation.
Source:
CNN.com - RSS Channel - US
October 01 2022, 08:00
The former warden of a Texas prison and his brother were arrested and now face manslaughter charges in the fatal roadside shooting of a migrant this week, according to information CNN obtained Friday.
Source:
CNN.com - RSS Channel - US
