Fiona batters Atlantic Canada: Officials assess full extent of damage

Fiona batters Atlantic Canada: Officials assess full extent of damage

CNN — When Fiona slammed into Canada’s eastern seaboard with hurricane-force winds and torrential rainfall Saturday, it pulled buildings into the ocean, collapsed homes, toppled trees and knocked out power for hundreds of thousands of people. Fiona – which wreaked havoc in the Caribbean as a hurricane before moving up the Atlantic and making landfall … Read more

Vera Bradley’s founders Pat and Barb look back on the last 40 years as they embark into the metaverse

Vera Bradley’s founders Pat and Barb look back on the last 40 years as they embark into the metaverse

New York CNN — It all started with a knock on the door four decades ago. It was 1982 in Fort Wayne, Indiana, and Patricia R. Miller was stopping by to introduce herself to new neighbor Barbara Bradley Baekgaard. “I happened to be the welcoming committee of one,” Miller told CNN Business with a laugh. … Read more

Fiona makes landfall, slams Canada’s Atlantic coast with severe winds and rain

Fiona makes landfall, slams Canada’s Atlantic coast with severe winds and rain

CNN — Hurricane-strength Fiona is ripping through Canada’s eastern seaboard after making landfall in Nova Scotia early Saturday, slamming the area with fierce rain and damaging winds and knocking out power for hundreds of thousands in what could be a “landmark” weather event for the country. Fiona, now a post-tropical cyclone, had maximum sustained winds … Read more

5 things to know for Sept. 23: Hurricane Fiona, Ukraine, Migrants, Covid fraud, Air travel

5 things to know for Sept. 23: Hurricane Fiona, Ukraine, Migrants, Covid fraud, Air travel

CNN — Halloween is still more than a month away, but some major retailers are already prepping for Christmas. Walmart and Target have said they’re getting an earlier start on the holiday shopping season this year in stores and online as households nationwide continue to grapple with persistently high inflation that’s forcing them to cut … Read more

Japan intervenes to prop up the yen

Japan intervenes to prop up the yen

Tokyo CNN Business — Japan tried to shore up the value of its currency Thursday for the first time in 24 years by buying yen to prevent it weakening further against the US dollar. “The government is concerned about these excessive fluctuations and has just taken decisive action,” Japan’s vice finance minister for international affairs … Read more

Pakistan floods: Experts slam ‘pittance’ in aid as they find climate crisis role

Pakistan floods: Experts slam ‘pittance’ in aid as they find climate crisis role

London CNN — An analysis of Pakistan’s devastating floods has found “fingerprints” of the human-made climate crisis on the disaster, which killed more than 1,400 people and destroyed so much land and infrastructure it has plunged the South Asian nation into crisis. The analysis, published Thursday by the World Weather Attribution initiative, was unable to … Read more

Markets steady after worst day for US stocks since June 2020

Markets steady after worst day for US stocks since June 2020

Hong Kong/London CNN Business — Markets steadied early Wednesday after US stocks logged their worst day since June 2020, plunging on news that inflation in August was higher than expected. Shares in Europe were mixed. Germany’s DAX (DAX) dropped 0.2% in early trading, while France’s CAC 40 (CAC40) was flat. The FTSE 100 (UKX) in … Read more

Ferrari Purosangue: The company releases its first four-door car; just don’t call it an SUV

Ferrari Purosangue: The company releases its first four-door car;  just don’t call it an SUV

CNN — Ferrari has unveiled the first four-door production vehicle the legendary Italian automaker has ever produced. It has a long hood that houses a gasoline engine and a single large area behind that which holds seats for four people and space for plenty of cargo. It’s also a four-wheel-drive vehicle. But, with the company’s … Read more

Interest rates: European Central Bank sets record hike to fight inflation

Interest rates: European Central Bank sets record hike to fight inflation

London CNN Business — The European Central Bank is hiking interest rates by a record three-quarters of a percentage point as it scrambles to contain the inflationary fallout from Russia’s invasion of Ukraine and the ensuing energy crisis. The move will take the benchmark rate for the 19 countries using the euro to 0.75%. It … Read more

Pound dollar exchange rate: Sterling hasn’t been this weak since Margaret Thatcher was prime minister

Pound dollar exchange rate: Sterling hasn’t been this weak since Margaret Thatcher was prime minister

New York CNN Business — The British pound fell to a 37-year low against the US dollar Wednesday as the United Kingdom grapples with a series of overlapping economic problems with no easy solutions. A looming recession, a disastrous energy crunch and the highest inflation among G7 nations has sent the pound sinking over the … Read more