Kabul, Afghanistan: At least 23 dead after suicide bomb blast at Kaaj educational center

Kabul, Afghanistan CNN  —  A suicide bomb attack on an education center in Kabul has killed at least 23 people, most of whom are believed to be young women, in the latest sign of the deteriorating security situation in the Afghan capital. The explosion took place on Friday at the Kaaj education center, in a … Read more

Trump won’t have to back up claims about FBI planting evidence in court after judge rejects part of special master’s plan

CNN  —  US District Judge Aileen Cannon, who granted Donald Trump’s request for a third-party review of the Mar-a-Lago search, rejected part of the special master’s plan that would have forced the former President’s legal team to back up his out-of-court claims that the FBI planted evidence. The special master, US District Judge Raymond Dearie, … Read more

Student loan forgiveness: Biden administration kicks off student loan debt forgiveness process

CNN  —  The Biden administration on Thursday is kicking off its efforts toward forgiving student loan debt, sending updates on the process via email before the window to apply opens next month. In August, President Joe Biden announced his decision to cancel up to $10,000 in student loan debt for individuals making less than $125,000 … Read more

Latest jobless claims fall to 193,000, underscoring still-tight labor market

Minneapolis CNN Business  —  The number of first-time claims for unemployment benefits dropped considerably last week, underscoring how employers are holding on tightly to workers as the labor market remains full of opportunities for job hunters. Initial claims for unemployment insurance were 193,000 for the week ended September 24, down 16,000 from a downwardly revised … Read more

The UK is gripped by an economic crisis of its own making

London CNN Business  —  A week ago, the Bank of England took a stab in the dark. It raised interest rates by a relatively modest half a percentage point to tackle inflation. It couldn’t know the scale of the storm that was about to break. Less than 24 hours later, the government of new UK … Read more

China’s yuan hovers near record lows against the dollar despite central bank warning

Hong Kong CNN Business  —  China’s yuan hovered near record lows against the US dollar on the offshore market on Thursday, as major currencies around the world continue to tumble after the Federal Reserve’s aggressive hikes. The yuan — also known as the renminbi —has been declining for months despite interventions by China’s central bank. … Read more

Markets in a tailspin get a big dose of chill from the Bank of England

This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York CNN Business  —  All the drama out of the UK government is keeping me from catching up on the only UK drama I really want to consume, which is Love Island, season 8, … Read more

Edward Snowden: Putin grants former NSA contractor Russian citizenship

CNN  —  Russian President Vladimir Putin has granted former NSA contractor Edward Snowden Russian citizenship, according to an official decree published on the Russian government portal Monday. Snowden is accused of espionage and theft of government property in the US for leaking troves of information on American intelligence and mass surveillance programs to the media. … Read more

UK’s mini budget slashes taxes and borrows heavily as recession hits

London CNN Business  —  A huge gamble by the UK government aimed at rescuing the economy from recession and boosting long-term growth sent the pound plunging on Friday. Announcing the biggest tax cuts in 50 years at the same time as boosting spending, Finance Minister Kwasi Kwarteng said the government needed a “new approach for … Read more

Mar-a-Lago special master orders Trump team to back up any claims of FBI ‘planting’ evidence

CNN  —  The special master overseeing the Mar-a-Lago documents investigation has ordered former President Donald Trump’s lawyers to back up out-of-court assertions that the FBI may have planted evidence at the property during their search last month. Judge Raymond Dearie, the court-appointed special master, said in a filing Thursday that Trump’s team needs to submit … Read more