India on track for record $100 billion in remittances, says World Bank

New Delhi CNN Business —The extensive Indian diaspora will help the South Asian country reach a special milestone this year. Asia’s third largest economy is on track to receive more than $100 billion in yearly remittances in 2022, according to a World Bank...

Huge trade partner and 'systemic rival.' Europe has a China problem

The Covid-19 pandemic, Russia’s invasion of Ukraine, and tit-for-tat sanctions between China and EU lawmakers have strained relations since. The United States, which imposed controls on exports of semiconductors to China in October, is reportedly exerting p...

Analysis: Big moments for women at the men's World Cup

Consider that this payday for US women was won when the US men’s team defeated Iran, a country where authorities are brutally tamping down protests by women who want basic human rights. It’s a moment of triumph for the US womenThe US Women’s National Team e...

Landslide leaves at least two dead and dozens missing in Brazil

CNN —A landslide in the southern Brazilian state of Paraná killed at least two people and left dozens missing on Wednesday, according to officials. A landslide, which followed heavy rainfall, affected Brazil’s BR-376 highway, CNNE reports. Authorities belie...

ISIS acknowledges death of its leader, names his successor

CNN —ISIS acknowledged the death of its leader on Wednesday and confirmed his successor. The group’s media affiliate al-Furqan published an audio message by an ISIS spokesman announcing the death of its leader who was appointed in March. “I announce and mou...

Argentina progresses to World Cup knockout stages with win

CNN —Lionel Messi had a penalty saved but Argentina booked its ticket to the knockout phase of the 2022 World Cup with a 2-0 victory over Poland. Alexis Mac Allister’s scuffed effort 60 seconds into the second half broke the deadlock before Julián Álvarez’s...

Inflation in Europe drops for the first time in 17 months

London CNN Business —For the first time in 17 months, inflation in Europe is easing. Consumer prices rose by 10% in the year to November, according to the first look at official data for the 19 countries that use the euro. That’s down from a record 10.6% ju...

Deep cuts at AMC Networks signals turbulent time for media industry

New York CNN Business —“The mechanisms for the monetization of content are in disarray.”That’s what AMC Networks Chair James Dolan told his employees on Tuesday when he delivered the grim news that a “large-scale layoff,” in addition to “significant” operat...

US calls for the release of Cambodian labor activist

The United States on Tuesday said it was deeply concerned by Cambodia’s arrest of union leader Chhim Sithar and called for her release and that of other detained trade unionists. The State Department said Sithar, whose union has been in a year-long dispute...

There's a big problem with the Kroger-Albertsons supermarket merger

That deal has since become a cautionary tale of what can go wrong when two supermarket giants merge. We could depend on our paychecks.”But things changed after Albertsons and Safeway joined together. To win approval for the deal from antitrust regulators, A...