The US has imposed economic sanctions on an Indian company for purchasing Iranian petroleum products. These items were then reportedly shipped to China. Mumbai-based Tibalaji Petrochem was among a group of companies, including some from the UAE and Hong Kong, to be targeted for the sanctions. “Tibalaji…is the first Indian entity to face…unilateral sanctions passed...
CNN — A new treatment for amyotrophic lateral sclerosis, or ALS, has been approved by the US Food and Drug Administration. The FDA announced approval of Relyvrio, developed by Amylyx Pharmaceuticals, on Thursday. The oral medication can be taken as a standalone therapy or with other treatments, according to the company, and it has been...
KUALA LUMPUR, Malaysia — The U.S. Federal Aviation Administration has upgraded Malaysia’s air safety rating to Category 1, allowing the country’s carriers to expand flights to the United States after a three-year hiatus, Transport Minister Wee Ka Siong said Saturday. Wee said the move will bolster tourism and economic growth in Malaysia, which opened up...
Hurricane Ian made landfall in southwest Florida yesterday as a Category 4 storm, causing catastrophic flooding, wind damage, and power outages affecting millions. Ian also heavily damaged at least two causeways, cutting off the only land connection to several barrier islands. Early images are now coming in, showing some of the destruction caused by this...
We have entered a new era that’s presenting unprecedented challenges, as well as significant opportunities, for family enterprises. Some of the traits of successful family businesses — their long-term outlook, strong financial resilience, stakeholder loyalty, and commitment to positive social impact — will aid their success in this new era. However, other traits — such...
Bank of England intervenes in bond market The Bank of England says it will intervene in bond markets to try and stabilise them, after the recent selloff. It will start buying long-dated gilts from today to “restore orderly market conditions” and stave off a “material risk to UK financial stability”. Here’s the full statement: As...
BY ANDREA RODRÍGUEZ, Associated Press HAVANA (AP) — Cuban officials said they had begun to restore some power Wednesday after Hurricane Ian knocked out electricity to the entire island while devastating some of the country’s most important tobacco farms when it hit the island’s western tip as a major storm. The Energy and Mines Ministry...
Editor’s Note: Affected by the storm? Use CNN’s lite site for low bandwidth. You also can text or WhatsApp your Ian stories to CNN +1 332-261-0775. CNN — Hurricane Ian – now an “extremely dangerous” storm just shy of Category 5 strength – is poised to inflict “catastrophic” winds and storm surge as it nears...
Executives at Meta Platforms privately told rights groups that security concerns prevented them from releasing details of its investigation into hate speech on its services in India, according to audio recordings heard by The Wall Street Journal. Meta, the parent company of Facebook, in July released a four-page summary of a human-rights impact assessment on...
ST. PETERSBURG, Fla. — The polluted leftovers of Florida’s phosphate fertilizer mining industry, more than 1 billion tons in “stacks” that resemble enormous ponds, are at risk for leaks or other contamination when Hurricane Ian comes ashore in the state, environmental groups say. Florida has 24 such phosphogypsum stacks, most of them concentrated in mining...