Money

By Michelle Toh and Wayne Chang, CNN China will fully reopen borders with its special administrative regions of Hong Kong and Macao next week, in what is expected to be a major boost for the economies of the two cities. From Monday, travelers entering mainland China from Hong Kong or Macao will no longer need

By Oliver Darcy, CNN CNN correspondent Frederik Pleitgen and his team were traveling on Thursday to the Ukrainian city of Kramatorsk to report on the search and rescue efforts underway after a residential building was leveled overnight by a Russian missile. It was “supposed to be a fairly easy shoot,” Pleitgen said, given that the

By Laura Paddison, CNN Activists from the campaign group Greenpeace have boarded a ship in the Atlantic Ocean and scaled a Shell oil platform that is currently being transported to the North Sea. “Stop drilling. Start paying,” the activists’ banners say. The protest comes as the oil giant on Thursday announced record annual profits of

By Anna Bahney, CNN Mortgage rates fell slightly this week, as a smaller rate hike by the Federal Reserve signaled promising improvement on inflation. The 30-year fixed-rate mortgage averaged 6.09% in the week ending February 2, down from 6.13% the week before, according to data from Freddie Mac released Thursday. A year ago, the 30-year

By Oliver Darcy, CNN Business Roy Wood Jr., the comedian known for his role on Comedy Central’s “The Daily Show,” will be the entertainer at the 2023 White House Correspondents’ Dinner, the association announced Thursday. “It’s an honor to be a part of a long-running tradition of celebrating those members of the media, who work

By Clare Duffy and Nicole Goodkind, CNN Thursday afternoon will round out what has so far been a sobering earnings season for the Big Tech giants. After several years of raking in profits thanks to strong demand for tech gadgets and services during the pandemic, the industry’s fortunes began to turn last year. Tech giants

By Jordan Valinsky, CNN Subway says it had a record-setting year for sales in 2022, bolstered by a major menu revamp and store renovations. The company believes its plan to slice meat in front of customers could make 2023 another record year. A privately held company, Subway doesn’t typically release quarterly earnings but it gave

By Sophia Saifi and Julia Horowitz, CNN Muhammad Radaqat, a 27-year-old greengrocer, is worried. He doesn’t know how much an onion will cost next week, let alone how he’ll be able to afford the fuel he needs to heat his home and keep his family warm. “All we’re being told by the government is that

By Hilary Whiteman, CNN The discovery of a tiny lost radioactive capsule beside a remote highway in Western Australia raises many questions — not least how it escaped layers of radiation-proof packaging loaded onto a moving truck. It’s one of the many puzzling aspects of a case investigators will examine in the coming weeks as

By Michelle Toh and Hanna Ziady, CNN Shell made a record profit of almost $40 billion in 2022, more than double what it raked in the previous year after oil and gas prices soared following Russia’s invasion of Ukraine. Europe’s largest oil company by revenue reported adjusted full-year earnings of $39.9 billion on Thursday —

By Laura He, CNN China is set to make market-oriented changes to the way initial public offerings are approved, as it tries to reset the economy and rebuild investor confidence after a chaotic exit from zero-Covid. Once implemented, the reforms will mark the culmination of a decade-long attempt by the country to liberalize its nearly

By Diksha Madhok and Mark Thompson, CNN Shares in Gautam Adani’s businesses plunged further on Thursday after an attempt by the Indian billionaire to reassure panicking investors failed to halt a stock market meltdown that has wiped $100 billion off the value of his conglomerate. “For me, the interest of my investors is paramount and

By Hilary Whiteman and Michelle Toh, CNN Australia’s new $5 banknote will not feature Britain’s King Charles III, but rather a new design that honors “the culture and history of the First Australians,” its central bank announced Thursday. The design will replace the portrait of Her Majesty Queen Elizabeth II, the Reserve Bank of Australia