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

Andrew Tate loses appeal against detention in Romania

Andrew Tate loses appeal against detention in Romania

CNN — Andrew Tate, the controversial former kickboxer turned social media influencer, and his brother Tristan have lost their appeal and will be held in Romania on charges of human trafficking and rape, CNN affiliate Antena 3 reported Wednesday. The brothers will remain in the custody of the Bucharest police until February 27, reported Antena … 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

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

GM shares soar after record profit and new stake in lithium company

GM shares soar after record profit and new stake in lithium company

New York CNN — General Motors reported much stronger-than-expected earnings in the fourth quarter, pushing its full-year results to record levels for the second year in a row. The largest U.S. automaker also said on Tuesday it is buying a $650 million equity stake in Lithium Americas, giving it access to the raw material needed … Read more

IMF: Global economic outlook slightly ‘less gloomy’ than expected

IMF: Global economic outlook slightly ‘less gloomy’ than expected

London CNN — The global economy will weaken this year as rising interest rates and the Russian war in Ukraine continue to weigh on activity. But economists are more optimistic than they were a few months ago. The International Monetary Fund said Monday it now expects global growth to slow from 3.4% in 2022 to … Read more

Cindy Williams, ‘Laverne & Shirley’ star, passed away at age 75

Cindy Williams, ‘Laverne & Shirley’ star, passed away at age 75

CNN — Cindy Williams, the dynamic actress best known for playing the bubbly Shirley Feeney on the beloved sitcom “Laverne & Shirley,” has passed away, according to a statement from her family provided to CNN by a representative. She turned 75. Williams died after a short illness, according to the statement from her children Zak … Read more

Mustang Mach-E: Ford lowers the price of its Tesla competitor

Mustang Mach-E: Ford lowers the price of its Tesla competitor

CNN — ford increases production of its popular Mustang Mach-E electric SUV and lowers the sticker price weeks after Tesla lowered the prices of its vehicles. The move represents a substantial rollback of the price increases Ford announced last summer for the 2023 models, but buyers may still pay a little more than they did … Read more