ECB and Bank of England raise interest rates again to fight inflation

ECB and Bank of England raise interest rates again to fight inflation

London CNN — Europe’s two largest central banks have hiked interest rates strongly on Thursday, opting for a bigger hike 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 raised their rates an additional half point. Benchmark interest rates … Read more

How do you lose a radioactive capsule? Australian investigators are also wondering

How do you lose a radioactive capsule?  Australian investigators are also wondering

Brisbane, Australia CNN — The discovery of a tiny radioactive capsule lost alongside a lonely highway in Western Australia raises many questions, including how it escaped layers of radiation-resistant packaging loaded onto a moving truck. It’s one of many puzzling aspects of a case that investigators will examine in the coming weeks as they try … Read more

Shell posts nearly $40 billion in profit, announces $4 billion in buyouts

Shell posts nearly  billion in profit, announces  billion in buyouts

Hong Kong/London CNN — Shell made a record a profit of nearly $40 billion in 2022, more than double what it made the year before after oil and gas prices spiked following Ukraine’s invasion of Ukraine. Russia. Europe’s biggest oil company by revenue reported adjusted annual profit of $39.9 billion on Thursday – more than … 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 post on Twitter, the IDF said Israeli warplanes had targeted a chemical production site and a weapons factory belonging to Hamas, the Palestinian militant group that rules Gaza. … 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 further progress on his administration’s “competition agenda” on Wednesday, specifically targeting unwanted fees while calling on Congress to pass legislation targeting hidden fees in multiple sectors. These costs can “drain hundreds of dollars a year from the pockets of hard-working American families, especially people who are already struggling to … Read more

Job postings unexpectedly jump to 11 million in December

Job postings unexpectedly jump to 11 million in December

Minneapolis CNN — Despite the looming threat of recession and the cacophony of mass layoff announcements, American businesses still need workers – 11.01 million of them. The number of job vacancies rose unexpectedly in December, rising from a revised 10.44 million openings in November and beating economists’ expectations of 10.25 million, according to Bureau of … Read more

Russia prepares for ‘maximum escalation’ of war, says Ukraine

Russia prepares for ‘maximum escalation’ of war, says Ukraine

CNN — Russia is preparing for a “maximum escalation” of the war in Ukraine, potentially as early as the next few weeks, according to a senior Ukrainian national security official. “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

Bed Bath and Beyond is closing another 87 stores. See the list

Bed Bath and Beyond is closing another 87 stores.  See the list

New York CNN — Bed Bath and Beyond is closing another 87 stores as the struggling retailer heads into bankruptcy. The store closures add to the 150 closures announced by Bed Bath and Beyond last August. The new listing includes 5 buybuy Baby locations and the remaining 49 Harmon Face Value stores, which once sold … Read more

Hong Kong criminalizes CBD as a ‘dangerous drug’ alongside heroin

Hong Kong criminalizes CBD as a ‘dangerous drug’ alongside heroin

hong kong CNN — Two years ago, cannabidiol was booming in Hong Kong. The compound, known as CBD, was popping up in cafes, restaurants and stores, with companies keen to join an exciting new market that was already well established in countries around the world. This all came to an end on Wednesday, when CBD … Read more

EzriCare eye drops: CDC advises against use as it investigates dozens of infections and one death in 11 states

EzriCare eye drops: CDC advises against use as it investigates dozens of infections and one death in 11 states

CNN — The US Centers for Disease Control and Prevention is urging healthcare providers and consumers to stop using EzriCare artificial tears as they investigate at least 50 infections in 11 states that have resulted in cases permanent vision loss, hospitalization and one death. Most people with these infections said they used artificial tears, and … Read more