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Robert Kennedy Jr. speaks with others before a ceremony with President-elect Donald Trump at the New York Stock Exchange on Thursday December 12, in New York. He said he would consider getting rid some vaccines for children, falsely suggesting autism may be caused by vaccines. Scientists have repeatedly debunked the theory that vaccines cause autism. Several subsequent studies trying to reproduce the results have found no link between vaccines and autism. Autism diagnoses have been increasing — up from one in 150 children in 2000 to about 1 in 36 children in 2020.

Persons: Robert Kennedy Jr, Donald Trump, Alex Brandon, ” Trump, Robert F, Kennedy Jr, Kennedy, Trump, he’s “, ” Kennedy, he’s, Andrew Wakefield, Wakefield Organizations: New York Stock Exchange, Time, Department of Health, Human Services, Trump, NBC News, US Centers for Disease Control, Autism Locations: New York

☆ Why the ‘world has failed’ in the fight against hunger
▼ + stars: | 2024-12-12 | by ( Ana Deoliva | ) edition.cnn.com time to read: +4 min

Doha, Qatar CNN —Nine years ago, the UN established 17 Sustainable Development Goals (SDGs), which included ending poverty and hunger. The G20 Leaders’ Summit in November marked the launch of the Global Alliance Against Hunger and Poverty, an initiative aiming to eradicate hunger and poverty by 2030, aligning with the SDGs. CNN: Why was there a need to launch the Global Alliance Against Hunger and Poverty? We need more open debate and experience-sharing among countries like Colombia, Brazil, and Mali, alongside UN organizations like the World Food Programme. This means that countries joining together, by fighting food waste and engaging with the Global Alliance Against Hunger and Poverty, I think we can create a better world by 2030.

Persons: Wellington Dias Organizations: Qatar CNN —, UN, ’ Summit, Global, Doha Forum, Brazil’s, Social Development, CNN, Alliance, Assembly, Sustainable, World Bank, UNDP, FAO, UN Food and Agriculture Organization, Arab League Locations: Doha, Qatar, Rio de Janeiro, Washington, New York, Europe, Rome, South America, Brasilia, Africa, Addis Ababa, Asia, Bangkok, Colombia, Brazil, Mali

☆ ‘Attenzione, pickpocket!’: The woman who went viral fighting crime on the streets of Venice
▼ + stars: | 2024-12-12 | by ( Julia Buckley | ) edition.cnn.com time to read: +16 min

“Attenzione — ladri, carteristas!” (She makes her announcements in Italian, English and Spanish to alert as many tourists as possible.) But it’s by seeing her at work in Venice that you really calibrate her impact. Spiraling petty crime@cittadininondistrattiFor all their fun, Poli’s videos — currently she has 461 up on Instagram — have spotlit a spiraling problem of petty crime in Italy. Thefts on trains across the country were up 21% — but thefts on trains in Venice were up by a whopping 38.8%. And that means that Venice, whose estimated 30 million annual visitors dwarf the under-50,000 local population, has become a honeypot for petty crime.

Persons: Monica Poli, “, Alessandro Lavardato, ”, Titian, Tintoretto —, —, Ron DeSantis, she’s, Monica ”, Poli, pickpockets, Il Gazzettino, there’s, Vincenzo Senatore, Andrea Merola, Poli —, they’ll, Il, Senatore “, ’ Poli, Julia Buckley, CNN Poli, pickpocketing, there’s Poli, ” Poli, She’s, Manuel Silvestri, sanguine, Poli isn’t, Franco Dei Rossi, Sempre, CNN It’s, Matteo Salvini, Antonio Incandela, Stefano Mazzola, Europol, TikTok, Monica Poli's, ‘ They’ll, it’s Organizations: Venice CNN —, Florida, Italian Interior Ministry, Giambrone, Bloomberg, Getty, Ministry, CNN, Cittadini, ” Poli isn’t, Piazza San Marco, Poli, Poli ., Lega —, Roma, European Union Agency for Law, Cooperation, YouTube, New York Times Locations: Venice, Poli, Instagram, Italy, Italian, London, alleyways, Gotham City, “, Piazza San, downcast, Europe, Barcelona, Paris

WASHINGTON — President-elect Donald Trump announced on Wednesday that he wants ally Kari Lake to serve as the next director of the Voice of America, a federal network that's part of the U.S. Agency for Global Media. VOA representatives did not immediately respond to questions about the processes for nominating and approving a new director, as well as what Trump's announcement could mean for the employment of the current director, Michael Abramowitz. Lake taunted journalists as being "fake news," saying during the Republican National Convention that they have "worn out your welcome." Trump previously faced criticism for his 2020 appointment of Michael Pack to head the U.S. Agency for Global Media. The president-elect's post about Lake came alongside a handful of other administration announcements on Truth Social.

Persons: Donald Trump, Kari Lake, Trump, Michael Abramowitz, Lake, VOA's, Michael Pack, Pack, Leandro Rizzuto, Peter Lamelas, Daniel J, Newlin, Michael J, Rigas Organizations: WASHINGTON, of America, U.S . Agency for Global Media, Social, Liberty, Fake News, Phoenix Fox News, Arizona, Republican National Convention, VOA, Organization of American Locations: Arizona, KSAZ, Organization of American States, Argentina, Colombia

☆ US wholesale inflation surged higher in November
▼ + stars: | 2024-12-12 | by ( Alicia Wallace | ) edition.cnn.com time to read: +2 min

CNN —US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers. October’s monthly and annual rates were both revised higher from their initial estimates. However, food prices surged last month by 3.1%, driving the overall index higher. An ongoing deadly avian flu coupled with holiday-based demand has caused shortages and driven egg prices higher. On Wednesday, the latest Consumer Price Index landed in line with expectations but did show that some stagnation in the progress on reining in inflation.

Persons: Price Organizations: CNN, of Labor Statistics, PPI, Index

☆ Donald Trump and Bernie Sanders Want to Save You Money on Credit Cards
▼ + stars: | 2024-12-12 | by ( Emily Stewart | ) www.businessinsider.com time to read: +15 min

Sky-high credit-card interest rates are not popular. "He said, you know what, credit-card interest rates, which in some cases right now are 20, 25%, should not be higher than 10%. The average credit-card interest rate for new card offers is 24.43%, according to LendingTree — up about 10 percentage points from a decade ago. "Obviously, the interest rates have to respond to changing market conditions, and we've definitely seen that happen. A rate cap isn't the only solution to America's ballooning credit-card-debt problem and just how expensive it is to carry debt.

Persons: everyone's, Donald Trump, Sen, Bernie Sanders, Trump, Sanders, Elizabeth Warren, Matt Schulz, LendingTree, we've, Julie Margetta Morgan, Margetta Morgan, Schulz, Chi Chi Wu, Elon Musk, Wu, Banks, it's, Natasha, Janet Yellen, Aaron Klein, Barack Obama, Klein, Alexandria Ocasio, Cortez, they're, Warren, Carter Dougherty, Emily Stewart Organizations: White, Business, Politico, American Bankers Association, LendingTree, Consumer Financial, Federal Reserve Bank of New, Trump, Chi, National Consumer Law Center, Yale, Washington, Brookings Institution, Department, Treasury, Consumer, Financial Reform, Republicans Locations: Federal Reserve Bank of New York, Alexandria, Washington

☆ Economy faces 'some potential storms' in 2025, Moody's chief economist says
▼ + stars: | 2024-12-12 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

Mark Zandi, chief economist of Moody's Analytics, testifies during the Senate Budget Committee hearing titled "The Default on America Act: Blackmail, Brinkmanship, and Billionaire Backroom Deals," in Dirksen Building on Thursday, May 4, 2023. Tom Williams | Cq-roll Call, Inc. | Getty ImagesThe economy is doing "exceptionally well" as President-elect Donald Trump gets ready to enter the White House, according to Moody's Analytics chief economist Mark Zandi. "The economy can weather a lot of storms," Zandi said. But, he added, "I do think there are some potential storms coming" next year under the new administration. Immigration policy, tariffs could affect economy

Persons: Mark Zandi, Tom Williams, Donald Trump, Zandi Organizations: Senate, Billionaire, Cq, Inc, Getty, Analytics, Consumer Federation, Gross

☆ Wholesale prices rose 0.4% in November, more than expected
▼ + stars: | 2024-12-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

A measure of wholesale prices rose more than expected in November, adding fuel to the belief that progress in bringing down inflation has slowed, the Bureau of Labor Statistics reported Thursday. The producer price index, which measures what producers get for their products at the final-demand stage, increased 0.4% for the month, higher than the Dow Jones consensus estimate for 0.2%. On an annual basis, PPI rose 3%, the biggest advance since February 2023. Despite the seemingly stubborn state of inflation, markets overwhelmingly expect the Federal Reserve to lower its key overnight borrowing rate next week. The four-week moving average of continuing claims, which smooths out weekly volatility, rose to its highest level in just over four years.

Persons: Dow Jones, payrolls Organizations: of Labor Statistics, PPI, Labor Department, BLS, Federal Reserve, Stock, Treasury, CME Group

☆ Dollar holds steady despite rate cut bets; Aussie rises after jobs data
▼ + stars: | 2024-12-12 | by ( ) www.cnbc.com time to read: +3 min

The Aussie dollar surged after Australian employment beat forecasts, while the euro held steady ahead of the European Central Bank's (ECB) monetary policy decision later in the day. Markets have further trimmed back expectations for a December rate hike from the Bank of Japan after Bloomberg news reported Japan's central bank sees "little cost" to waiting. The Politburo on Monday vowed to switch to an "appropriately loose" monetary policy to spur economic growth. The Swiss franc traded at 0.88315 per dollar, with markets weighing the prospect of a half-point rate cut on Thursday from the Swiss National Bank. The dollar last fetched C$1.41435 after the Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday to help address slower growth.

Persons: Carol Kong, Traders, Sterling Organizations: U.S ., Treasury, U.S . Federal, Aussie, European, Bank's, Treasury Department, Fed, Commonwealth Bank of Australia, Bank of Japan, Bloomberg, Economic Work, Reuters, Swiss, Swiss National Bank, Bank of Canada Locations: U.S, China's, China

☆ Swiss National Bank takes leap with 50-basis-point interest rate cut amid franc strength
▼ + stars: | 2024-12-12 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. The Swiss National Bank on Thursday cut its key interest rate by 50 basis points, exceeding expectations of a smaller trim amid an ongoing tussle with depressed inflation and a strong Swiss franc. More than 85% of economists polled by Reuters had forecast the bank would implement a smaller, 25-basis-point cut. The SNB's easing of monetary policy today takes this development into account," the bank said Thursday after its first meeting under new Chair Martin Schlegel. It assumes the SNB policy rate holds at 0.5% over the entire forecast horizon.

Persons: Martin Schlegel, Kyle Chapman Organizations: Swiss National Bank, Reuters, Ballinger Group, ECB, Trump Locations: Zurich, Switzerland, Swiss

☆ Here are Thursday's biggest analyst calls: Nvidia, Apple, Coca-Cola, McDonald's, Palantir & more
▼ + stars: | 2024-12-12 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Here are Thursday's biggest calls on Wall Street: UBS upgrades Diageo to buy from neutral UBS said it sees brand momentum for the beverage company. JPMorgan upgrades Brookfield Renewables to overweight from neutral JPMorgan said it's bullish on shares of the renewables company. Wells Fargo reiterates McDonald's as overweight The firm said it's a top idea heading into the holidays and 2025. " Bank of America upgrades Constellation Energy to buy from neutral The firm said shares of the energy company are "compelling." Goldman Sachs reiterates AT & T as buy The firm said the telecom company is a top idea in 2025.

Persons: Don Julio, Goldman Sachs, Nucor, Bernstein, Apple, it's, Morgan, Wells, Blackstone, TD Cowen downgrades Adobe, Cowen, KeyBanc, Mizuho, Morgan Stanley, Roblox, Hershey, it's bullish, Woodward, Goldman, bullish, TD Cowen, Baird, Palantir, Dr Pepper, Disney, Parsons, Jefferies Organizations: UBS, Diageo, Crown, Dynamics, Gulfstream, Apple, JPMorgan, Brookfield Renewables, Brookfield Renewable Partners, Brookfield Renewable Corp, Morgan Stanley, Alcoa, Mobile, Nvidia, Mizuho, MU, DELL, HSBC, Hershey, UW, EW, Citi, American Airlines, Benchmark, Penske, Penske Auto Group, AWS, Adv, Energy, Deutsche Bank, Pepsi, Deutsche, Beverage, Disney, " Bank of America, Inc, Holdings, Constellation Energy, Constellation Energy Group, DoD, Federal Civilian, Emerson Electric, Jazz Pharmaceuticals Locations: Western Australia, Wells Fargo, 1H25, CRDO, Mar

☆ Klarna CEO on state of consumer: Seeing a clear shift away from credit cards
▼ + stars: | 2024-12-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailKlarna CEO on state of consumer: Seeing a clear shift away from credit cardsKlarna CEO Sebastian Siemiatkowski joins 'Squawk Box' to discuss the holiday shopping season, state of the consumer, growth outlook for the company, future of the credit card ecosystem and retail banking, impact of AI, and more.

Persons: Sebastian Siemiatkowski

BEIJING, CHINA - NOVEMBER 9: Chinese President Xi Jinping attends a meeting with Indonesian President Prabowo Subianto (not pictured) at the Great Hall of the People on November 9, 2024 in Beijing, China. China affirmed its recent policy shifts and stressed plans to boost growth in a high-level economic planning meeting that wrapped up Thursday, according to a daily evening news broadcast on state-run CCTV. It added that the meeting also affirmed plans for China to moderately loosen monetary policy. That readout's use of "moderately loose" monetary policy had not appeared since the depths of the global financial crisis in 2008. China typically announces the full-year growth target and fiscal deficit at an annual parliamentary meeting in March.

Persons: Xi Jinping, Prabowo Subianto, Donald Trump Organizations: of, Communist Party, U.S, House, Xinhua, National People's Congress Locations: BEIJING, CHINA, Beijing, China

☆ Overdraft fees crackdown: Biden administration sets new rules for banks
▼ + stars: | 2024-12-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —The Consumer Financial Protection Bureau has finalized a rule that curbs excessive overdraft fees charged to customers of large banks and credit unions, potentially saving consumers as much as $5 billion a year. The rule, unveiled Thursday, would cap overdraft fees at $5 — a substantial savings from the $35 that customers are typically charged. Additional options for banks would allow them to either cap fees at amounts that just cover their costs or to treat an overdraft like any other loan by disclosing terms like interest rates. “That is real relief for families.”Banking trade groups are against the new rule, saying that the agency’s proposed rule could backfire. Congress created the bureau in 2010 to protect consumers from financial scams.

Persons: ” Rohit Chopra, ”, Lael Brainard, Joe Biden’s, there’s, Trump Organizations: New, New York CNN, Consumer Financial, National Economic Council, Banking, Consumer Bankers Association, Court Locations: New York

☆ Hundreds of student-loan borrowers who applied for debt cancellation are being denied relief by a major lender, over 20 Democratic lawmakers say
▼ + stars: | 2024-12-12 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Sen. Elizabeth Warren led over 20 colleagues in requesting the CFPB and FTC investigate student-loan company Navient. A group of Democratic lawmakers said that a major student-loan company is denying some student-loan borrowers relief that they might qualify for. Instead, they can request a school misconduct application from Navient, and Navient would then decide whether to approve it. AdvertisementThe issue, the lawmakers wrote, is that Navient has denied relief for the majority of borrowers who applied. BI previously spoke to some borrowers who have attempted to navigate Navient's school misconduct application process.

Persons: Sen, Elizabeth Warren, Navient, it's, Alexandria Ocasio, Cortez, Ron Wyden, Warren, Nick Eucker Organizations: Democratic, Consumer Financial Protection Bureau, Federal Trade Commission, Navient, Business, BI Locations: Alexandria

☆ Oil little changed as demand weakness offsets sanctions-driven supply risks
▼ + stars: | 2024-12-12 | by ( ) www.cnbc.com time to read: +2 min

Oil prices were little changed in early Asian trade on Thursday as forecasts of weak demand and a higher-than-expected rise in U.S. gasoline and distillate inventories stemmed gains from an additional round of European Union sanctions that threatened Russian oil flows. OPEC cut its demand growth forecasts for 2025 for the fifth straight month on Wednesday and by the largest amount yet. Weak demand, particularly in top importer China, and non-OPEC+ supply growth were two factors behind the move. However, investors anticipate a rise in Chinese demand, after Beijing unveiled plans this week to adopt an "appropriately loose" monetary policy in 2025, which could spur oil demand. The Kremlin said that reports of a possible tightening of U.S. sanctions on Russian oil suggested the administration of President Joe Biden wants to leave a difficult legacy for U.S.-Russia relations.

Persons: Joe Biden, Janet Yellen Organizations: Montebello Oil, Union, . West Texas, OPEC, ANZ, Energy Information Administration, China, U.S . Federal Reserve, European Union, Ukraine Locations: Montebello, Montebello , California, United States, OPEC, Beijing, Russia

☆ 10-year Treasury yield rises as investors digest inflation data
▼ + stars: | 2024-12-12 | by ( Sawdah Bhaimiya | ) www.cnbc.com time to read: +2 min

ET, the 10-year Treasury yield was up by nearly three basis points to 4.3%. U.S. Treasury yields held steady on Thursday as investors digested the latest inflation reading and awaited further data. Economists polled by Dow Jones are expecting to see a 0.2% increase on a monthly basis. The data comes ahead of the Federal Reserve's final policy meeting next week where rate cut decisions will be made. Currently, traders are pricing in a nearly 99% chance of a quarter-point rate cut, according to the CME FedWatch tool.

Persons: Dow Jones, Dow, Whitney Watson Organizations: Treasury, U.S, Bureau of Labor Statistics, Dow Jones, Federal, Goldman Sachs Asset Management, Fed

☆ European markets set for mixed open ahead of expected ECB rate cut
▼ + stars: | 2024-12-12 | by ( Holly Ellyatt | ) www.cnbc.com time to read: 1 min

European markets are heading for a mixed open as regional investors await the last monetary policy decision from the European Central Bank (ECB). The central bank is heading for its final interest rate cut of the year on Thursday, with economists expecting a 25-basis-point rate cut rather than the "jumbo" 50-basis-point move that was previously expected. The ECB is also due to release its quarterly macroeconomic projections on growth and inflation. The Swiss National Bank is also due to announce its latest monetary policy decision Thursday. The figures showed that consumer prices rose 0.3% month on month and grew at a 12-month rate of 2.7%, in line with economists' estimates.

Organizations: European Central Bank, ECB, Swiss National Bank, U.S

☆ Gold eases on profit taking after scaling more than one-month peak
▼ + stars: | 2024-12-12 | by ( ) www.cnbc.com time to read: +1 min

Gold slipped on Thursday as investors booked profits after prices hit more than one-month high earlier in the day on increased expectations of an interest rate cut by the Federal Reserve next week. Spot gold shed 0.5% to $2,704.41 per ounce, as of 0257 GMT. According to CME's FedWatch Tool, traders now see a 98.4% chance of a 25-basis-points Fed rate cut on Dec. 18, compared with an about 86% odds before the U.S. inflation report. Meanwhile, the European Central Bank is all but certain to cut rates again on Thursday and signal further easing in 2025. The bullion is seen as a safe investment during economic and geopolitical turmoil and thrives in a low interest rate environment.

Persons: Gold, we've, Ajay Kedia, CME's, Price Organizations: Federal Reserve, Kedia Commodities, European Central Bank, United Nations General Assembly, Hamas Locations: China, Mumbai, U.S, Israel, Gaza

CD rates have been going down throughout 2024, but some local institutions still offer good rates. California Coast Credit Union offers a startling 9.50% APY on its 95th anniversary Celebration CD. In comparison, even the best CDs available nationwide mostly offer CD rates in the high 4% to 5% APY range. If you're interested in opening a CD with this credit union, you'll want to act fast since CD rates are likely to decline further in 2025. Most of these are short-term CDs since short-term CD rates are currently outperforming long-term CD rates.

Persons: it's, you'll, You'll, We've Organizations: California Coast Credit Union, Business, Service, California Coast Credit, Imperial, Social, U.S . Locations: California, San Diego, Riverside, Orange, Los Angeles, Ventura, San Bernardino

☆ Stifel says a 10%-15% S&P 500 correction is coming because of sticky inflation
▼ + stars: | 2024-12-12 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Stocks could be in store for a correction in 2025 as inflation remains persistently above the Federal Reserve's 2% target, according to Stifel Financial. The firm cited stubborn price pressures alongside sluggish growth in gross domestic product as key catalysts for its S & P 500 forecast, with Bannister seeing real U.S. GDP slowing to about 1.5% by the middle of 2025. He forecast two more rate reductions in 2025 before the Fed ultimately concludes cutting rates in the second half of 2025. Bannister's forecast comes as stocks have lately cooled in response to a lack of progress in bringing inflation down further. The S & P 500 has advanced more than 27% in 2024, the Nasdaq Composite has gained more than 32%, and the Dow Jones Industrial Average is up 17%.

Persons: Barry Bannister, Bannister Organizations: Healthcare, Utilities, Staples, Reserve, Funds, Nasdaq, Dow Jones

☆ The market is overlooking a key risk ahead of 2025: 'Stubbornly sticky' inflation
▼ + stars: | 2024-12-12 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Bond yields, which are correlated with inflation and interest rate expectations, leaped on the news. Following this print, the market believes an interest rate cut next week is almost guaranteed. Higher prices could complicate a strong setupMajor investment firms are almost universally bullish heading into 2025, and for good reason. "And while this print shouldn't force that reality to interrupt the holiday season, investors should be [wary] of impacts higher inflation might have on their portfolios and be prepared accordingly." The former often benefits from higher inflation since a jump in oil prices would pad its profits.

Persons: Lara Castleton, Janus Henderson, Steve Sosnick, Donald, Rick Rieder, Jim Baird, Plante, Baird, Gargi Chaudhuri, aren't, Ronald Temple, deglobalization, Rieder, Sinead Colton Grant, Trump, he's, Colton Grant, Janus Henderson's Castleton Organizations: Nasdaq, Janus, Janus Henderson Investors, Business, Interactive Brokers, Reserve, Financial, Americas, BlackRock, Trump, Lazard, Fed Locations: wilting, Castleton

☆ CFPB announces rule limiting bank overdraft fees
▼ + stars: | 2024-12-12 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

The Consumer Financial Protection Bureau on Thursday announced the final version of a rule limiting banks' ability to charge overdraft fees. The CFPB rule applies to banks and credit unions with at least $10 billion in assets. The CFPB said that its overdraft rule will take effect Oct. 1, 2025, though its ultimate fate is unclear. Even before the election victory of Donald Trump last month, the fate of the overdraft rule would've been murky, thanks to industry pushback. Bank lobbying groups have argued that the overdraft rule, first proposed in January as part of Biden's war on junk fees, would reduce access to overdraft services and could send customers to worse alternatives like payday loans.

Persons: Rohit Chopra, Biden, Donald Trump, Trump Organizations: Financial, Consumer Financial, JPMorgan Chase, Bank of America, Bank, Consumer Bankers Association

☆ A key pillar of Russia's wartime economy could soon be taking another hit
▼ + stars: | 2024-12-12 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The global oil markets are weighed down by ample supply and demand concerns, in part due to China's flagging economy. "So the global oil market is softer and that creates possibly an opportunity to take some further action," Yellen said. The US has been tightening its noose on Russian energy revenues. The measures have allowed the global energy markets to continue functioning in an orderly fashion — which prevents price shocks and inflation — but still limit Russia's oil revenue. In November, Russia's oil revenue fell 21% from a year ago amid weak energy prices, according to Bloomberg calculations based on official data.

Persons: Yellen, Janet Yellen, Biden, Dmitry Peskov Organizations: Bloomberg, Bloomberg TV, Brent, US West Texas, Kremlin, US Locations: Russia, Macquarie, Russian, Ukraine, India, China

☆ Russia successfully tested cutting off access to the global web as it continues to build its sovereign internet
▼ + stars: | 2024-12-12 | by ( Tom Porter | ) www.businessinsider.com time to read: +2 min

The Kremlin restricted access to the global internet in some parts of Russia, reports said. Residents were unable to access websites including YouTube, Amazon, and Telegram. AdvertisementRussia's federal internet regulation agency, Roskomnadzor, restricted global internet access for a day in several regions so that VPNs couldn't bypass it, reports said. Russia has long sought to restrict the country's access to the internet, with some websites, including global news websites, inaccessible to normal users. It said the tests were likely part of a plan to more broadly restrict access to the global internet in Russia.

Persons: Roskomnadzor Organizations: Residents, YouTube, Kommersant, Business Locations: Russia, Dagestan, Chechnya, Ukraine, Moscow, Ingushetia

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