Anwar Ibrahim: Malaysian prime minister’s remarkable rise to the top office

CNN – It’s a political journey decades in the making – the transformation of a young firebrand student into an icon of democracy and eventually the leader of his country, via two stints in jail. Now age 75, Anwar Ibrahim has finally realized his dream by becoming the 10th prime minister of Malaysia. And in … 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

What does Russia quitting the grain deal mean for global hunger?

CNN – Russia’s decision to pull out of an agreement that guaranteed safe passage for ships carrying vital grain exports from Ukraine has sparked “grave concerns” over global food supply at a time when the world is already facing a growing hunger crisis. Global humanitarian organizations, the European Union, NATO and the United Nations have … 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

5 things to know for October 19: Midterms, Trump, Ukraine, Gas prices, US currency

CNN – It’s that time of the year when fall enthusiasts embrace “sweater weather.” But if you live in the eastern US, you may already be sporting your winter coats. This week has been – by far – the coldest of the season in several states. In fact, more than 100 million Americans remain under … Read more

New UK finance minister rips up Truss’ economic plan in stunning policy reversal

London CNN Business – Britain’s new finance minister announced a comprehensive retreat on the UK government’s tax-and-spending plans on Monday in a frantic effort to calm jittery markets and restore the government’s credibility. Just four days into the job, Jeremy Hunt said he would reverse “almost all” tax measures announced three weeks ago by his … Read more

Liz Truss was defeated by the bond market. Investors aren’t satisfied yet

London CNN Business – After a bruising three-week battle with bond markets, UK Prime Minister Liz Truss admitted defeat on Friday. She fired her finance minister and gutted her economic program by promising to reinstate a big tax hike on corporations. Truss said she acted in the national interest to ensure economic stability and to … Read more

Liz Truss was defeated by the bond market. Investors aren’t satisfied yet

London CNN Business – After a bruising three-week battle with bond markets, UK Prime Minister Liz Truss admitted defeat on Friday. She fired her finance minister and gutted her economic program by promising to reinstate a big tax hike on corporations. Truss said she acted in the national interest to ensure economic stability and to … Read more

Saudis aren’t weaponizing oil like Americans claim, top official says

CNN – Saudi Minister of State for Foreign Affairs Adel al-Jubeir said his country partnered with Russia to slash oil production in order to stabilize markets and denied that there were political motives behind the decision, which has enraged US leaders and sparked calls to rethink ties with Riyadh . “We’re trying to make sure … Read more

Biden has a big oil problem. Here’s what you need to know about the recent OPEC+ decision.

A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. Washington CNN – With just weeks to go until the November midterms, four letters are haunting President Joe Biden and the Democrats: OPEC. Last week, the Organization of Petroleum Exporting Countries (OPEC) and … Read more