ECB and Bank of England raise interest rates again against inflation

ECB and Bank of England raise interest rates again against inflation

London CNN — Europe’s two largest central banks raised interest rates sharply on Thursday, opting for a bigger increase than the US Federal Reserve as inflation in the region remains near historically high levels. The European Central Bank (ECB) and the Bank of England both raised interest rates by another half a percentage point. Benchmark … Read more

Shell reports profits of nearly $40 billion and announces $4 billion in buybacks

Shell reports profits of nearly  billion and announces  billion in buybacks

Hong Kong/London CNN — Shell made a record profits of nearly $40 billion by 2022, more than double what it brought in last year after oil and gas prices soared following the Russian invasion of Ukraine. Europe’s largest oil company by revenue reported an adjusted full-year profit of $39.9 billion on Thursday – more than … Read more

How do you lose a radioactive capsule? Australian researchers are wondering the same thing

How do you lose a radioactive capsule?  Australian researchers are wondering the same thing

Brisbane, Australia CNN — The discovery of a small lost radioactive capsule next to a remote highway in Western Australia raises many questions – not least how it escaped layers of radiation-resistant packaging loaded onto a moving truck. It’s one of many puzzling aspects of a case that researchers will investigate in the coming weeks … Read more

Israel targets Gaza with airstrikes after intercepting rocket attack

Israel targets Gaza with airstrikes after intercepting rocket attack

CNN — Israel carried out airstrikes in Gaza early Thursday after intercepting a rocket attack from the coastal enclave, the Israel Defense Forces (IDF) said. In a Twitter post, the IDF said Israeli fighter jets captured a chemical production site and a weapons factory owned by Hamas, the Palestinian militant group that controls Gaza. “The … Read more

Australia’s new $5 note will not feature King Charles

Australia’s new  note will not feature King Charles

Brisbane CNN — Australia’s new $5 banknote will not feature Britain’s King Charles III, but rather a new design that “honours the culture and history of the first Australians,” the central bank announced Thursday. The design will replace Her Majesty Queen Elizabeth II’s portrait, the Reserve Bank of Australia (RBA) said in a statement, adding … Read more

The Brazilian navy says it will sink the ‘ghost’ aircraft carrier in the high seas

The Brazilian navy says it will sink the ‘ghost’ aircraft carrier in the high seas

Brazil Reuters — A decommissioned 1960s aircraft carrier that has been floating offshore for three months since Turkey refused entry to be scrapped there will be sunk in the Atlantic Ocean in waters under Brazil’s jurisdiction, Brazil’s navy said Wednesday. The 32,000-tonne Sao Paulo tanker had been towed to Europe by a tug, but failed … Read more

Adani scraps $2.5 billion stock sale as his empire’s value collapses

Adani scraps .5 billion stock sale as his empire’s value collapses

London CNN — Indian billionaire Gautam Adani on Wednesday abandoned a deal to raise $2.5 billion from investors following a weeks-long collapse in the value of his logistics and energy business empire that began when a US short seller accused the conglomerate of fraud. The share sale – the largest offering from a company already … Read more

Biden Proposes Junk Fee Bill To Cut Hidden Fees For Credit Cards And Concert Tickets

Biden Proposes Junk Fee Bill To Cut Hidden Fees For Credit Cards And Concert Tickets

CNN — President Joe Biden announced new advancements on his administration’s “competitive agenda” on Wednesday, specifically targeting unwanted fees while calling on Congress to pass legislation targeting hidden fees across multiple industries. These costs could “pull hundreds of dollars a year out of the pockets of hard-working American families, especially people who are already struggling … Read more

Ukraine’s anti-corruption investigations uncover luxury watches, cars and thousands of dollars in cash

Ukraine’s anti-corruption investigations uncover luxury watches, cars and thousands of dollars in cash

CNN — Ukrainian authorities have carried out a series of anti-corruption raids across the country, discovering hoards of money as well as luxury watches and cars. Among those implicated in the investigation is the acting head of the Kyiv tax authorities, who was reportedly part of a plan to overlook 45 billion Ukrainian hryvnia ($1.2 … Read more

Russia is preparing for ‘maximum escalation’ in the war, Ukraine says

Russia is preparing for ‘maximum escalation’ in the war, Ukraine says

CNN — Russia is gearing up for a “maximum escalation” of the war in Ukraine, possibly as early as the next few weeks, a top Ukrainian national security official said. “These will be defining months in the war,” Oleksiy Danilov, secretary of Ukraine’s National Security and Defense Council, told Sky News in an interview broadcast … Read more