Month: June 2024
‘Russia has to pay’: G7 taps Moscow’s frozen assets in support of Ukraine
A simple principle underpins a contentious Thursday decision by the U.S. and key allies to tap profits from Russian sovereign assets in support of Ukraine: Moscow must make reparations. “Russia has to pay,” European Council President Charles Michel told CNBC’s Steve Sedgwick, after the leaders of the Group of Seven (G7) major democracies agreed in […]
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In pictures: India records ‘longest’ heatwave, Delhi faces water crisis
People filling water in plastic cans from a water supply tanker at Chanakyapuri, Delhi on June 12, 2024. Hindustan Times | Hindustan Times | Getty Images India’s capital Delhi is facing a severe water crisis as the country undergoes its “longest spell” of recorded heatwave. According to India’s Meteorological Department, temperatures in some parts of […]
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Chinese automakers overtake U.S. rivals in sales for the first time, report shows
New energy vehicles for export at Lianyungang Port, Jiangsu Province, China, on April 25, 2024. Nurphoto | Nurphoto | Getty Images Automotive companies in China sold more cars than their U.S. counterparts for the first time last year, boosted by BYD and growth in emerging markets, researcher Jato Dynamics said in a report published Thursday. […]
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CNBC Daily Open: Mega money Musk, Kitty’s stake grows
Traders work on the floor of the New York Stock Exchange on April 5, 2024. Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. […]
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China needs bond market reforms to rein in soaring debt, S&P Global says
The aerial view shows residential buildings under construction in Hangzhou, China on March 15, 2024. STR | AFP | Getty Images China needs bond market reforms as soaring debt poses significant longer-term risk to the country, according to S&P Global. Despite the government’s efforts, debt levels remain very high even as nominal GDP growth has […]
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Toyota has been rocked by a string of scandals — but analysts are unfazed
A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Toyota Chairman Akio Toyoda apologized Monday for massive cheating on certification tests for seven vehicle models as the automaker suspended production of three of them. Tomohiro Ohsumi | Getty Images News | Getty Images Japan’s largest carmaker Toyota has […]
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Bank of Japan set to reduce JGB purchases, stands pat on interest rate
The Bank of Japan is largely expected to hold interest rates steady at the end of its 2-day meeting ending June 14, 2024. Seen here, the Japanese flag flying high at the BOJ headquarters in Tokyo. Kazuhiro Nogi | Afp | Getty Images The Bank of Japan kept its benchmark interest rate unchanged on Friday, […]
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This fintech configures expense cards to block misuse — and investors just backed it with millions
Miragec | Moment | Getty Images A startup that uses technology to stop employees from abusing corporate expenses just raised 8 million euros ($8.6 million) of funding from investors, defying a slump in investment for the financial technology industry. CleverCards, a Dublin-based firm, uses a digital platform linked to configurable expense cards to give companies […]
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Trump allies scramble to explain after he calls Republican National Convention host Milwaukee a ‘horrible’ city
Republican presidential candidate former President Donald Trump speaks to the media following meetings with Republicans on Capitol Hill, at the National Republican Senatorial Committee headquarters in Washington, June 13, 2024. Evelyn Hockstein | Reuters In a meeting with House Republicans on Thursday, former President Donald Trump called Milwaukee — the host of the 2024 Republican […]
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Brain science start-up Neuroelectrics uses electricity and a headcap to reduce seizures in patients with epilepsy. Now it needs FDA approval
High up in the hills of Barcelona, brain science start-up Neuroelectrics is developing therapies that it says will improve the lives of people living with brain disease. The group manufactures around 400 devices, which it ships to 75 different countries worldwide each year. Its main product is a headcap, which monitors the brain’s electrical activity […]
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