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Thursday, November 3, 2022 by Linda Knox |
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HelloHere’s what you need to know.U.S. courts are still grappling with election lawsuits as midterm elections loom, Ukrainians say Europe’s largest nuclear power plant has lost power and the Bank of England prepares for biggest rate hike since 1989 |
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| Civilians evacuated from the Russian-controlled Kherson region of Ukraine arrive at the local railway station in the Crimea town of Dzhankoi on November 2, 2022. Reuters/Alexey Pavlishak Russian attack Large swathes of Ukraine reportedlyUkrainian officials said heavy shelling in many areas damaged infrastructure, including power supplies to Europe’s largest nuclear power plant. Here’s what you need to know about conflicts right now. North Korea Multiple ballistic missiles fired, including a potentially failed intercontinental ballistic missile that has raised alarms for residents of central and northern parts of Japan to seek shelter.we see Why is North Korea testing so many missiles. Delhi’s 20 million inhabitants effective smoke inhalation Calls for school closures came after the air quality index exceeded the “severe” and “hazardous” categories at almost all monitoring stations in the Indian capital. Ethiopian government and regional forces from Tigray agree to cessation of hostilitiesa dramatic diplomatic breakthrough after two years of war that has killed thousands, displaced millions and left hundreds of thousands facing famine. Near-final votes show former Israeli Prime Minister Benjamin Netanyahu on track for re-election Has a clear parliamentary majority Pushed by ultra-nationalists who want a tougher crackdown on Palestinians. |
A screen shows Federal Reserve Chairman Jerome Powell speaking while working on the floor of the New York Stock Exchange on November 2, 2022.REUTERS/Brendan Kedermead
Fed Another three-quarter percentage point hike And said its fight against inflation would require further increases in borrowing costs, but suggested it may be approaching an inflection point for the fastest tightening of U.S. monetary policy in 40 years.
Bank of England Looks poised to raise interest rates As it battles the highest inflation in 40 years, interest rates rose three-quarters to 3%, the largest increase since 1989.This Biggest recession since January 2021 A business survey highlighting tough times ahead for the economy hit British service companies last month.
Wall Street giant Morgan Stanley New round of layoffs expected to begin globally Trading businesses will take a hit in the coming weeks as inflation rises and the economy slumps, people familiar with the plan said.
Gas importer Uniper to be nationalized Reports record $39.3 billion net lossthe largest in German corporate history, reflecting expected future losses after Russia halted supplies.
Elon Musk promises advertisers that he will stop Twitter from turning into a “free hellscape.”This week, advertisers Start asking for details on how he plans to deliver on his promise.
Mark MacGann, the whistleblower behind the so-called Uber Files, says the ride-hailing company appears to be taking steps to improve its work culture, but Its business model remains “absolutely” unsustainable.
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