Bolsonaro, Lula neck-and-neck in polarized Brazil election

Bolsonaro, Lula neck-and-neck in polarized Brazil election

RIO DE JANEIRO — Brazil’s top two presidential candidates were neck-and-neck late Sunday in a highly polarized election that could determine if the country returns a leftist to the helm of the world’s fourth-largest democracy or keeps the far-right incumbent in office for another four years. The race pits incumbent President Jair Bolsonaro against his … Read more

NYC’s Four Seasons hotel in standoff with Beanie Babies mogul

NYC’s Four Seasons hotel in standoff with Beanie Babies mogul

New York’s Four Seasons Hotel has remained conspicuously closed since the start of the pandemic — and insiders say it risks staying shuttered for years because of an increasingly bizarre dispute with the billionaire founder of the Beanie Babies toy empire. The luxury icon designed by architect I.M. Pei at 57 East 57th St. — … Read more

5 signs the world is headed for a recession

5 signs the world is headed for a recession

New York CNN Business  —  Around the world, markets are flashing warning signs that the global economy is teetering on a cliff’s edge. The question of a recession is no longer if, but when. Over the past week, the pulse of those flashing red lights quickened as markets grappled with the reality — once speculative, … Read more

10 torture sites in 1 town: Russia sowed pain, fear in Izium

10 torture sites in 1 town: Russia sowed pain, fear in Izium

By LORI HINNANT, EVGENIY MALOLETKA and VASILISA STEPANENKO October 2, 2022 GMT https://apnews.com/article/russia-ukraine-business-treatment-of-prisoners-government-and-politics-aec9afe8d6631795ae9f9478a4ede4cc IZIUM, Ukraine (AP) — The first time the Russian soldiers caught him, they tossed him bound and blindfolded into a trench covered with wooden boards for days on end. Then they beat him, over and over: Legs, arms, a hammer to the … Read more

Liz Truss admits mistakes on controversial tax cuts plan, but doubles down on it anyway

Liz Truss admits mistakes on controversial tax cuts plan, but doubles down on it anyway

London CNN  —  British Prime Minister Liz Truss admitted mistakes had been made with her government’s controversial “mini-budget” announced last week – which sent the pound to historic lows and sparked market chaos – but stood by her policies. Speaking to the BBC’s Laura Kuenssberg on Sunday morning Truss said: “I do accept we should … Read more

Walmart bets inflation will push customers to join subscription service

Walmart bets inflation will push customers to join subscription service

Walmart launched its subscription service, Walmart+ in 2020. It has added perks, including deeper gas discounts and free access to Paramount+. Walmart Americans have tons of subscriptions. Even with inflation, Walmart thinks they’re willing to pay for one more. Walmart’s subscription service is Walmart+. The program includes benefits such as free shipping for online purchases, … Read more

The £895bn QE monster is really to blame for the market meltdown

The £895bn QE monster is really to blame for the market meltdown

Blaming the Tories is a straight-forward, compelling narrative – an off-the-shelf consensus, which Keir Starmer exploited at his party conference in Liverpool. The Government “crashed the pound”, the Labour leader declared – a conclusion almost no journalists sought to challenge. But the reality is more complex and more worrying. For what we saw last week … Read more

Toyota CEO Akio Toyoda talks EV skepticism, ‘happy dance,’ his legacy

Toyota CEO Akio Toyoda talks EV skepticism, ‘happy dance,’ his legacy

Toyota CEO Akio Toyoda speaks during a small media roundtable on Sept. 29, 2022 in Las Vegas. Toyota LAS VEGAS — Toyota Motor CEO Akio Toyoda last week simply stated what he would like his legacy to be: “I love cars.” Just how the 66-year-old racer, car enthusiast and company scion will be remembered regarding … Read more

Credit card interest rates climbing. Here’s how to tackle your debt

Credit card interest rates climbing. Here’s how to tackle your debt

Editor’s Note: A version of this story was originally published on January 31, 2022. Interest rates are climbing this year on all kinds of consumer debt, and that’s bad news for those who carry a credit card balance. The Federal Reserve has been pushing interest rates higher in an ongoing campaign to battle inflation, announcing … Read more

Hurricane Ian: Death toll rises to 66 in Florida after the storm rendered some communities ‘unrecognizable,’ officials say

Hurricane Ian: Death toll rises to 66 in Florida after the storm rendered some communities ‘unrecognizable,’ officials say

CNN  —  Days after Hurricane Ian slammed into Florida, shell-shocked residents are still assessing the damage left behind by record-high storm surge, damaging winds and catastrophic flooding that left some areas of the Sunshine State unrecognizable. At least 66 people were killed by Ian in Florida as it swallowed homes in its furious rushing waters, … Read more