Markets hate Liz Truss’ plan for the UK. Just look at these charts

London CNN Business — When the UK government, led by the new Prime Minister Liz Truss, unveiled its plan to rescue the British economy on Friday, the reaction from investors was instantaneous: They hated it. The British Pound crashed below $1.10 by mid-afternoon, hitting a new 37-year low against the greenback. UK government bonds also … Read more

US dollar hits new 20-year high as Russia calls up reservists

London CNN Business — The US dollar climbed to a new two-decade high on Wednesday after Russia said it was mobilizing 300,000 military reserves in an escalation of the war in Ukraine. In a televised national address, President Vladimir Putin announced an immediate partial mobilization of Russian citizens and Wednesday means threatened to use “all … Read more

Graham’s 15-week abortion bill further complicates Republican midterm messaging

CNN  —  Republican Senate candidates eager to make the 2022 midterms about inflation, crime and President Joe Biden’s first term have a new dilemma in Sen. Lindsey Graham’s bill that would ban abortions after 15 weeks of pregnancy. The bill, which the South Carolina Republican introduced this week on a day of disappointing inflation news, … Read more

Chinese company profits are collapsing as zero-Covid takes its toll

Hong Kong CNN Business — China is suffering one of its worst earnings recessions on record as Beijing’s zero-Covid policy and a real estate crisis take their toll on the country’s listed companies. More than 4,800 Chinese companies listed in Shanghai, Shenzhen and Beijing have now released their earnings for the first half of the … Read more

India Independence Day 2022: From impoverished British colony to emerging giant

CNN  —  Standing in front of the historic Red Fort in Delhi, Prime Minister Narendra Modi on Monday pledged to transform India into a developed country in the next 25 years. “The way the world is seeing India is changing. There is hope from India and the reason is the skills of 1.3 billion Indians,” … Read more

Sierra Leone: Curfew declared in capital Freetown amid violent anti-government protests

CNN — Hundreds of protesters took to the streets of Freetown, Sierra Leone on Wednesday, protesting inflation and the rising cost of living in the West African country, according to people that CNN spoke to. The protests grew violent at times. Graphic images and video of battered and seriously injured protesters and some members of … Read more

Trump’s shadow looms over last ditch effort to revive Iran nuclear deal

Editor’s Note: A version of this story first appeared in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here. London/Abu Dhabi CNN  —  After yet another round of talks on reviving the Iran nuclear deal last week, the country’s negotiators are now consulting with the leadership … Read more

Kenya elections: Who will be the next president?

Nairobi, Kenya CNN — On August 9, Kenyans head to the polls and with soaring food and fuel prices, high unemployment and post-pandemic stagnation, a change in leadership could not come at a more critical time for East Africa’s largest economy. Deputy President William Ruto, 55 and veteran opposition leader Raila Odinga, 77, are leading … Read more

5 takeaways from Joe Biden’s first presidential trip to the Middle East

CNN — President Joe Biden on Saturday capped a four-day trip to Israel and Saudi Arabia, his first trip to the Middle East since taking office. The President started his trip by meeting with Israeli leaders to expand security ties with the nation and discuss countering efforts by Iran to destabilize the region. He next … Read more

Sri Lanka protesters break into President’s House as thousands rally

Colombo, Sri Lanka CNN  —  Sri Lanka’s Prime Minister Ranil Wickremesinghe on Saturday said he was willing to resign and make way for an all-party government to take over, shortly after protesters reportedly breached his official residence in Colombo during demonstrations over the country’s worsening economic crisis. “To ensure the continuation of the Government including … Read more