US mortgage rates jump

Mortgage rates jumped higher this week as investors tried to make sense of data that gave mixed signals about the health of the US economy.Story Published at: August 25, 2022 at 03:39PM

China has lots to fix in its economy

China has unveiled 19 new measures to shore up its economy and “secure drinking water” supply as the country continues to struggle with its worst heatwave in 60 years and rigid Covld lockdowns.Story Published at: August 25, 2022 at 12:17PM

Farmer shares video of livestock dying in heat

Across China, farmers are struggling to save their livestock and crops, as huge parts of the country bake under a record-breaking heat wave that has lasted more than two months. CNN’s Kristie Lu Stout takes a look at the toll on farmers and local residents.. Story Published at: August 25, 2022 at 09:37AM

Bank forces sale of oligarch’s $75-million megayacht

A $75-million superyacht linked to a sanctioned Russian steel billionaire was auctioned on Tuesday in Gibraltar, court sources said, in what is understood to be the first sale of its kind since Russia invaded Ukraine in February.Story Published at: August 24, 2022 at 08:28PM

Solar power booms in Germany as Russia turns down gas

People on the frontlines of Europe’s gas crisis are scrambling to get solar panels for their homes and businesses as they confront a “perfect storm” that’s sending energy prices to record levels. Story Published at: August 24, 2022 at 11:23AM

UK energy crisis is ‘bigger than the pandemic’

The United Kingdom will have to find an answer to soaring energy bills soon or risk a humanitarian crisis. But freezing gas and electricity prices over the next two winters could cost the government over £100 billion ($118 billion), more than it spent paying millions of people’s salaries during the pandemic. Story Published at: August 24, 2022 at 04:12PM

Where six months of war in Ukraine leaves markets

When Russian President Vladimir Putin launched his unprovoked invasion of Ukraine in late February, investors were as shocked as much of the rest of the world. They rushed to digest the consequences, as the war disrupted supply chains and triggered unprecedented Western sanctions, straining a global economy already under pressure. Story Published at: August 24, 2022 at 01:45PM