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WORLD
Covid wave looms in Europe as booster campaign makes slow start
A new Covid-19 wave appears to be brewing in Europe as cooler weather arrives, with public health experts warning that…
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UK blackouts: Facing risk of power cuts this winter Britain is drilling for more oil
London CNN Business — The UK government could award oil and gas companies more than 100 new licenses to drill…
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5 signs the world is headed for a recession
New York CNN Business — Around the world, markets are flashing warning signs that the global economy is teetering on…
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UK finance minister Kwasi Kwarteng reverses plan to cut top 45p tax rate
London CNN Business — The British government is reversing plans to scrap the highest rate of income tax, announcing the…
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US officials troubled by controversial UK tax cut plan
New York CNN — US officials are increasingly troubled by the United Kingdom’s proposal to slash taxes at a time…
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UK economy: What next as crisis after crisis hits?
London CNN Business — There was good news and bad in Friday’s revised data about the UK economy. It grew…
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WORLD
The UK is gripped by an economic crisis of its own making
London CNN Business — A week ago, the Bank of England took a stab in the dark. It raised interest…
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Bank of England intervenes to buy UK bonds, warns of risk to financial stability
London CNN Business — The Bank of England said Wednesday it would buy UK government debt “on whatever scale is…
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WORLD
The Truss tax plan cushions the wealthy while pushing borrowers toward a financial cliff
This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here.…
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Gautam Adani: Asia’s richest man sees growing isolation for China
New Delhi CNN Business — Indian billionaire Gautam Adani says that China “will feel increasingly isolated” and the “foremost champion…
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