World

A U.S. recession is “quite likely” next year as persistent inflationary pressures force the Federal Reserve to shift interest rates higher than expected, former Boston Federal Reserve President Eric Rosengren said Tuesday. Rosengren told CNBC that the U.S. central bank now looked likely to increase its terminal policy rate — …

The low-lying country of Tuvalu faces an existential threat from rising sea levels. Brandi Mueller | Moment | Getty Images SHARM EL-SHEIKH, Egypt — The South Pacific island nation of Tuvalu on Tuesday urged countries at the COP27 climate summit to establish a global treaty to phase out the use …

The Bank of England accepted a record amount of gilts at a reverse auction on Wednesday. Sopa Images | Lightrocket | Getty Images LONDON — Bank of England policymakers are not “inflation nutters” but tightening of monetary policy is necessary to prevent surging prices becoming entrenched in the economy, the …

Pictured here is a Shanghai neighborhood under Covid lockdown on Nov. 7, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — China’s Covid situation is only getting worse, preventing the country from stamping out the virus and relaxing controls. The daily case count surged to six-month highs over the …

Alibaba’s international e-commerce platform AliExpress has expanded in South Korea and Brazil, in addition to Europe. Pictured here is an AliExpress locker in Poland in July 2022. Nurphoto | Nurphoto | Getty Images BEIJING — Alibaba‘s international e-commerce business AliExpress is spending the equivalent of $7 million to reach consumers …

Krisztian Bocsi | Bloomberg | Getty Images The Port of Bremerhaven, the main roll on/roll off port in Germany and one of the largest automobile hubs in the world, is experiencing gridlock. The combination of the lack of drivers to move containers and cars out of the port and high …

In this photo illustration, the image of Elon Musk is displayed on a computer screen and the logo of twitter on a mobile phone in Ankara, Turkiye on October 06, 2022. Muhammed Selim Korkutata | Anadolu Agency | Getty Images After several celebrity and blue-check verified Twitter users changed their …

The COP27 summit sees delegates from nearly 200 countries gather in Egypt’s Red Sea resort town of Sharm el-Sheikh for talks on how to address the climate crisis. Sean Gallup | Getty Images News | Getty Images SHARM EL-SHEIKH, Egypt — Top officials kicked off proceedings at the U.N.’s flagship …

As parents, we all want to raise confident, fearless and resilient kids. But where do we start? For my book, “Raising an Entrepreneur,” I talked to 70 parents who raised highly successful people. When I asked them what skills they taught their kids at an early age, there was one …

Aerial view during landing of the seafront Manara district near downtown Beirut. Bilwander | Getty Images When Georgio Abou Gebrael first heard about bitcoin in 2016, it sounded like a scam. But by 2019, as Lebanon plunged into a financial crisis following decades of expensive wars and bad spending decisions, …