Month: August 2024
CNBC Daily Open: Oil soars as Middle-East tensions spike
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 09, 2024 in New York City. Michael M. Santiago | 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 […]
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Europe markets to open higher as investors weigh geopolitical risks, UK markets reopen
The lights of Frankfurt am Main’s banking skyline glow in the last light of day. Boris Roessler | Picture Alliance | Getty Images LONDON — European markets are set to open higher on Tuesday as investors weighed geopolitical risks and U.K. markets are due to reopen after being closed on Monday for a national bank […]
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Shares of Temu parent company PDD plunge almost 29%; ‘too large a correction’, says analyst
Jakub Porzycki | Nurphoto | Getty Images The nearly 30% drop in shares of Chinese online retailer PDD Holdings is “too much of a correction,” according to Shaun Rein, founder and managing director of the China Market Research Group. Speaking to CNBC’s “Street Signs Asia,” Rein said the “panic was overblown last night,” and that […]
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You have a right to ignore your bosses — but only in these countries, and after work hours
A young woman working at a table in a garden. Ute Grabowsky | Photothek | Getty Images Australia has become the latest country to allow employees the “right to disconnect” from work, a measure that has so far been implemented mostly in European nations. Under the new legislation, that came into effect on Monday, organizations […]
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A tale of two travel recoveries: Japan soars, while China struggles to lure travelers back
With a plum position atop many “Best Places to Travel” lists, Japan is on track to welcome a record-breaking number of travelers in 2024. But China faces a different reality: a far slower return of international visitors. Both countries dropped Covid-related border restrictions relatively late — Japan in October 2022, and China in January 2023 […]
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Bitcoin rally helps create more than 84,000 new crypto billionaires in a year
In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024. Chesnot | Getty Images News | Getty Images The population of crypto millionaires in the world soared 95% over the past year as bitcoin exchange-traded funds and other crypto assets climbed, according to […]
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Malaysia charges ex-PM Muhyiddin with sedition over alleged remarks on royalty
Malaysia’s former prime minister Muhyiddin Yassin arrives at a prayer ceremony in Kuala Lumpur, Malaysia on 9 March, 2023. Mat Zain | Nurphoto | Getty Images Malaysia has charged opposition leader and former Prime Minister Muhyiddin Yassin with sedition for allegedly insulting the country’s former king, his lawyer said on Tuesday. Muhyiddin, who led Malaysia for 17 months between 2020 and 2021, was charged at […]
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BHP CEO expects a turnaround in China’s property sector in year ahead
Key Points BHP’s CEO Mike Henry said he expects China’s property sector to rebound in the upcoming year on the back of favorable government policies. While acknowledging that the country’s property sector is a “weak point” for steel demand, Henry is optimistic about Chinese government measures announced recently. “The government has enacted policies recently that […]
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This high-income region has the least active people globally, WHO report shows
Globally, the highest rate of physical inactivity was obeserved in the high-income Asia-Pacific region (48%), according to a June report by the World Health Organization. Jakob Helbig | Stone | Getty Images It’s no secret that leading a healthy life requires getting consistent and sufficient exercise, but globally, many adults are lacking in this department. […]
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PetroChina posts record earnings for first half of the year
Brent Lewin | Bloomberg | Getty Images PetroChina Co. posted record operating profits for the first half of the year on the back of strong drilling output and higher oil prices, which allowed it to offset weak fuel demand in China. China’s largest oil and gas company posted a net income of 88.61 billion yuan […]
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