economy and trade

NASA inspects the Artemis I rocket after Hurricane Nicole

Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news about fascinating discoveries, scientific advancements and more. CNN — The Artemis I moon rocket is still standing after battling Hurricane Nicole, which made landfall as a Category 1 storm about 70 miles south of Kennedy Space Center in Florida overnight. The $4.1 …

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FTX founder issues public apology as company nears collapse

New York CNN Business — In less than a week, a 30-year-old entrepreneur once hailed as a modern-day JP Morgan saw his digital empire, including billions of his own fortune, evaporate in a deathly spiral that shook the foundations of the trillion dollar crypto industry. . On Thursday, Sam Bankman-Fried posted a mea culpa: “I …

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Putin will not attend G20 summit in person, Russian embassy says

hong kong CNN — Russian President Vladimir Putin will not attend the Group of 20 leaders’ summit in Bali next week in person, the Russian Embassy in Indonesia told CNN on Thursday. Putin will be represented by Russian Foreign Minister Sergei Lavrov, said Yulia Tomskaya, chief of protocol at the embassy. Tomskaya added that Putin …

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Crypto giant Binance drops bid to save rival, fueling chaos in digital assets

New York CNN Business — In a sharp reversal, cryptocurrency exchange Binance pulled out of a deal to acquire embattled rival FTX, saying the company’s issues were “outside our control or our ability to help”. Binance, the world’s largest crypto exchange, said it reviewed FTX’s finances as part of the due diligence process, and it …

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Deadly listeria outbreak linked to deli meats and cheese, CDC says

CNN — A deadly listeria outbreak in six states has been linked to deli meats and cheese, the US Centers for Disease Control and Prevention announced on Wednesday. People at high risk of serious illness from listeria infection — such as pregnant women, the elderly, and people with weakened immune systems — should not eat …

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Meta to lay off 11,000 employees as Zuckerberg says he’s ‘responsible for missteps’

New York CNN Business — Facebook parent company Meta announced on Wednesday that it was laying off 11,000 employees, marking the largest job cuts in the tech giant’s history. The job cuts come as Meta faces a series of challenges to its core business and makes an uncertain and costly bet on pivoting to the …

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NASA’s Artemis I rocket could face damaging winds as storm approaches

Sign up for CNN’s Wonder Theory science newsletter. Explore the universe with news about fascinating discoveries, scientific advancements and more. CNN — The Artemis I mission, which is expected to send an uncrewed spacecraft on a test mission around the moon, is further delayed as NASA’s Space Launch System faces Tropical Storm Nicole, which is …

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Chinese exports drop unexpectedly in October due to COVID-related restrictions, rising inflation and interest rates

China’s exports and imports contracted unexpectedly in October, the first simultaneous recession since May 2020, as soaring inflation and rising interest rates hammered global demand as new COVID-19 restrictions at home have disrupted production and consumption. October’s dismal trade figures highlight the challenge for policymakers in China, as exports have been one of the few …

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