Global markets fall after protests erupt in China over Covid lockdowns

Hong Kong CNN Business — Global markets fell on Monday after widespread protests in China against the country’s stringent Covid-19 restrictions roiled investor sentiment. European markets opened broadly lower, tracking the performance of Asian shares. The FTSE 100 (UKX) dropped 0.7%, the CAC 40 (CAC40) fell 0.6%, and the DAX (DAX) was down 0.5%. Earlier, … Read more

China markets fall as protests erupt over Covid lockdowns

Hong Kong CNN Business — China’s major stock indices and its currency traded sharply lower on Monday, as widespread protests against the country’s stringent Covid-19 restrictions over the weekend roiled investor sentiment. Hong Kong’s Hang Seng (HSI) Index fell as much as 4.2% in early trading. It has since pared some losses and closed down … Read more

Kamala Harris’ visit to the Philippines sends China a message of US intent

CNN — A Philippine archipelago known for tropical vacations will become the focus of political attention this week when Vice President Kamala Harris becomes the highest ranking US official to visit its main island. Palawan is home to dive resorts as well as a Philippine military base that Harris will visit on Tuesday, according to … Read more

Get ready for the most expensive holiday travel season ever

New York CNN Business — For travelers getting ready to make their first holiday trips since before the pandemic: prepare for sticker shock. Airfares are way up. US gas prices are higher than they’ve ever been at this time of year. Rates for hotel rooms and rental cars have jumped 12% and 46% respectively from … Read more

COP27: Ukraine finds new allies in a Russian tourist hotspot

Sharm el-Sheikh, Egypt CNN — Ukraine’s pavilion at the COP27 UN climate conference in Egypt is built of austere, dark gray walls. It feels like a bomb shelter, a bit out of place among all the brightly colored structures erected by other countries that are showcasing climate solutions and celebrating natural beauty. The contrast is … Read more

COP27: Activists hoped Egypt would bring a focus on Africa. They were disappointed

Sharm el-Sheikh, Egypt CNN — The crowd was loving what Bhekumuzi Bhebhe had to say, cheering loudly as he yelled “don’t gas Africa!” into the megaphone. Standing under the baking Egyptian sun at the COP27 UN climate summit in Sharm el-Sheikh on Tuesday, Bhebhe, a South Africa-based climate campaigner, was protesting against what he says … Read more

Arctic permafrost is thawing rapidly. It affects us all

CNN — Four years ago, Morris J. Alexie had to move out of the house his father built in Alaska in 1969 because it was sinking into the ground and water was beginning to seep into his home. “The bogs are showing up in between houses, all over our community. There are currently seven houses … Read more

Biden ready to tout his climate record at UN summit as he embarks on post-midterm international swing

Sharm El Sheikh, Egypt CNN — President Joe Biden arrived Friday to the climate summit en route in an Egyptian Red Sea resort eager to highlight major new US investments towards limiting climate change, a sharp difference from the last time he showed up at a climate conference empty handed. Yet fears of a world … Read more

COP27 climate summit: Here’s what to watch

CNN — As global leaders converge in Sharm el-Sheikh, Egypt, for the UN’s annual climate summit, researchers, advocates and the United Nations itself are warning the world is still wildly off-track on its goal to halt global warming and prevent the worst consequences of the climate crisis. Over the next two weeks, negotiators from nearly … Read more

America and Saudi Arabia are locked in a bitter battle over oil. The stakes are massive

New York CNN Business — The relationship between the United States and Saudi Arabia is one of the most important on the planet. And lately, it’s also been one of the most awkward. Angry officials in Washington vowed “consequences” after Saudi-led OPEC sharply cut oil production earlier this month, driving up pump prices just weeks … Read more