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Month: July 2022

US officials say ‘biggest fear’ has come true as Russia cuts gas supplies to Europe

By Natasha Bertrand, CNN The Biden administration is working furiously behind the scenes to keep European allies united against Russia as Moscow further cuts its energy supplies to the European Union, prompting panic on both sides of the Atlantic over potentially severe gas shortages heading into winter, US officials say. On Monday, Russia’s state-owned gas

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Shopify to cut 10% of staff after making ‘wrong’ bet about pandemic online shopping boom

By Catherine Thorbecke, CNN Business Shopify will lay off approximately 10% of its global staff after making the “wrong” bet on how long the pandemic-fueled surge in online shopping would continue, the CEO of the Canadian e-commerce company announced Tuesday. The cuts span divisions including recruiting, support and sales, according to CEO Tobi Lutke in

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Russia’s war in Ukraine

The European Union has agreed to voluntarily ration its natural gas this winter to prevent a severe supply shock as the war between Russia and Ukraine continues. CNN’s Clare Sebastian has more on what the agreement means for certain countries.

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Kinzinger encouraged by latest news of Justice Department investigation into January 6

By Annie Grayer and Veronica Stracqualursi, CNN Rep. Adam Kinzinger, one of the two Republicans serving on the House select committee investigating the January 6, 2021, Capitol riot, said Tuesday he is seeing some positive developments out of the Justice Department’s investigation into the riot. Kinzinger was speaking to CNN’s Brianna Keilar on “New Day”

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Consumer confidence slips for third straight month

CNN By Alicia Wallace, CNN Business Americans grew even more pessimistic about the US economy over the past month, according to the latest survey on consumer attitudes, intentions and expectations from The Conference Board. The consumer confidence index for July slipped to 95.7 from June’s revised reading of 98.4, which was adjusted downward by 0.3

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