By Allison Morrow, CNN Business One of the many buzzwords percolating around Davos this week is “fragmentation,” the force economists there warned could have “devastating human consequences.” By “fragmentation,” they are referring to a breakdown of the kind of free-wheeling, border-crossing trade and investment that’s defined the global economic order over the past three decades.
Continue ReadingBy Alex Marquardt and Tim Lister, CNN Russia’s theft of Ukrainian grain appears to be ramping up as it continues its war on the country, according to new satellite photos of the Crimean port of Sevastopol. Two Russia-flagged bulk carrier ships are shown docking and loading up with what is believed to be stolen Ukrainian
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TONIGHT: Mostly cloudy with a few showers before daybreak. Lows in the upper 50s. TOMORROW: Mostly cloudy with spot showers and highs in the upper 60s to around 70. Gusty winds up to 25 mph. Widespread rain looks to hold off until around or after sunset. EXTENDED: Clouds have started to roll in with low
Continue ReadingBy Annie Grayer and Melanie Zanona, CNN The House Committee on Ethics is launching an investigation into GOP Rep. Madison Cawthorn of North Carolina to determine whether he was involved in financial improprieties or had an improper relationship with an individual on his staff, the committee announced Monday. The committee voted unanimously on May 11
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By Julia Horowitz, CNN Business The global economy is being brought to the edge of a precipice by crisis upon crisis. As the first World Economic Forum to be held in person since 2020 opened in Davos, Switzerland on Monday, the International Monetary Fund said the economy faces “perhaps its biggest test since the Second
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By Marianne Garvey, CNN “American Idol” picked a winner on Sunday during a three-hour finale. Noah Thompson, a 20-year-old country singer from Kentucky, won Season 20 of the singing competition. “Buddy, you just won,” host Ryan Seacrest told the singer as he revealed the result of viewer voting between Thompson and HunterGirl, Hunter Wolkonowski. “Oh,
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By Elizabeth Wolfe and Hannah Sarisohn, CNN The father of Kaitlin Marie Armstrong, the woman suspected of killing 25-year-old elite cyclist Anna Moriah “Mo” Wilson, said he does not believe his daughter is capable of such violence. “I know her. I know how she thinks, and I know what she believes. And I know that
Continue ReadingBy Marianne Garvey “Saturday Night Live” bid farewell to Kate McKinnon, Aidy Bryant, Pete Davidson and Kyle Mooney on Saturday. The episode, hosted by Natasha Lyonne, began with a cold open with McKinnon playing Coleen Rafferty in “Close Encounter,” her recurring skit in which aliens abduct her and things get freaky. In the season finale,
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By Becky Anderson, Sophia Saifi and Rhea Mogul, CNN Pakistan’s Imran Khan repeated his claims Monday that the United States had orchestrated his ouster, saying that “anti-Americanism” was growing in the South Asian nation as a result of “all this becoming public.” Khan has been making versions of this claim for nearly two months, but
Continue Reading By Rhea Mogul and Sophia Saifi, CNN Standing atop a truck, thronged by a huge crowd, a visibly enraged Imran Khan repeated the claim that has become a rallying cry for his millions of supporters. Pakistan, the ousted former Prime Minister said, was being ruled by “traitors” installed by “a foreign conspiracy” plotted in the
Continue ReadingOpinion by Lakshman Achuthan and Anirvan Banerji for CNN Business Perspectives The economy is close to entering a recession, perhaps as soon as this year. To avoid taking too much of a financial hit, Americans will need to prepare. Last summer, we wrote that US economic growth was already starting to slow and the economy
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By Jennifer Gray, CNN meteorologist Leading up to the holiday weekend, there will be some dire weather hitting portions of the US, including more critical fire conditions and an abundance of tropical moisture; a sure sign summer is upon us. To say it’s been a difficult few weeks for a large portion of the Southwest
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TODAY: Dry weather hangs on a bit longer as Monday is shaping up partly cloudy and cool. Expect temperatures to climb from the low to mid 40s, into the mid to upper 60s. TONIGHT: With added clouds, temperatures don’t fall so far. Most will wake up cloudy and in the 50s Tuesday morning. Showers will
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By Theresa Waldrop, CNN An independent investigation into the Southern Baptist Convention found its leaders mishandled allegations of sexual abuse, intimidated victims and resisted attempts at reform over the course of two decades. Abuse survivors and others “made phone calls, mailed letters, sent emails, appeared at SBC and EC (executive committee) meetings, held rallies, and
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By Nicole Goodkind, CNN Business What goes up must come down, and what goes bull must go bear. The conventional wisdom is that a bit of market madness is inevitable, cyclical and should give investors a potential buying opportunity. But unfortunately this downswing doesn’t appear to be the devil we know. Markets are contending with
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By Jessie Yeung, Paula Hancocks and Yoonjung Seo, CNN The age of appeasing North Korea is over and any new talks between Seoul and Pyongyang must be initiated by North Korean leader Kim Jong Un, South Korea’s new conservative President Yoon Suk Yeol said on Monday. Speaking exclusively to CNN in his first media interview
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By Lisa Respers France, CNN Johnny Depp may not be heading back to the “Pirates of the Caribbean” franchise anytime soon, but he has not left the character totally behind. The actor thrilled some supporters last week outside of the Virginia courthouse where his defamation trial against ex-wife Amber Heard is being held by interacting
Continue ReadingBy Jessie Yeung, Paula Hancocks and Yoonjung Seo, CNN The age of appeasing North Korea is over and any new talks between Seoul and Pyongyang must be initiated by North Korean leader Kim Jong Un, South Korea’s new conservative President Yoon Suk Yeol said on Monday. Speaking exclusively to CNN in his first media interview
Continue ReadingBy Kevin Liptak and Maegan Vazquez, CNN As he concluded his debut tour of Asia, President Joe Biden used Russia’s invasion of Ukraine to send an unmistakable message to China: A similar breach of international order would generate a fierce US response. Speaking to a high-level summit here of Indo-Pacific leaders, Biden underscored the grave
Continue ReadingBy Alexandra Meeks, CNN The megarich are getting richer. A new billionaire was minted nearly every day during the pandemic, according to a new report. At the same time, data shows growing levels of inequality and rising food prices could push as many as 263 million people into extreme poverty this year. Here’s what you
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