Month: September 2024
Volkswagen warns of plant closures in Germany, citing ‘extremely tense’ situation
A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg. Picture Alliance | Picture Alliance | Getty Images German carmaker Volkswagen on Monday warned it will no longer be able to rule out plant closures in the country, citing the specter […]
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American demand for international trips drives ‘travel momentum’ and overall spending
Hinterhaus Productions | Digitalvision | Getty Images Travel spending among American households continues to outpace its pre-pandemic levels, a trend underpinned by a zeal for international trips, according to new Bank of America research. “A key part of travel momentum lies within vacationing abroad,” Taylor Bowley and Joe Wadford, economists at the Bank of America […]
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This London-based comedian just wrapped a national tour – these are the first places he visits when he gets home
Fast-rising comedian Emmanuel Sonubi returns home to the London borough of Enfield for the final leg of his comedy tour – and gives CNBC Travel a tour of his favorite places to unwind when he’s in town. It was only a few years ago that London-based comedian Emmanuel Sonubi was doing open mic nights at […]
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Germany’s fragile coalition dealt fresh blow as far right lands first state win since World War II
German Chancellor Olaf Scholz (R), Finance Minister Christian Lindner (L) and Economy and Climate Action Minister Robert Habeck speak to the media. Sean Gallup | Getty Images News | Getty Images The ruling coalition in Berlin is likely to struggle onward until a nationwide vote next year, according to political commentators, following a historic state […]
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How Tim Walz made Minnesota a ‘roadmap’ for progressive economic policy
U.S. Vice President and Democratic presidential candidate Kamala Harris and her running mate Minnesota Governor Tim Walz gesture at a campaign rally in Milwaukee, Wisconsin, U.S., August 20, 2024. Kevin Lamarque | Reuters To understand the economic vision of the Harris-Walz presidential ticket, Minnesotans say just look at the North Star State. “I’ve heard some […]
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Weight loss drugs cut Covid-19 deaths, study finds
People taking the key component of blockbuster weight loss drugs Ozempic and Wegovy were less likely to die of Covid-19 or suffer adverse effects from the virus, researchers found in a new study. People who were already being treated with a 2.4 mg dose of the drug semaglutide — the active ingredient in pharma titan […]
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Huawei looks to upstage Apple with product launch just hours after expected iPhone 16 unveiling
The Huawei flagship store and the Apple flagship store are seen at Nanjing Road Pedestrian Street in Shanghai, China, September 2, 2024. Cfoto | Future Publishing | Getty Images Huawei said Monday it plans to hold a product launch event this month just hours after Apple‘s annual iPhone reveal as the Chinese technology giant looks […]
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Rupert Murdoch’s property group considers bid for UK’s Rightmove, sending shares 23% higher
Rupert Murdoch, chairman emeritus of media empire News Corp. Axelle/bauer-griffin | Filmmagic | Getty Images LONDON — Rupert Murdoch-owned REA Group said Monday it is contemplating a takeover offer for U.K. property portal Rightmove in a bid to create a global digital real estate business. The Australian property listings company, which is controlled by Murdoch’s […]
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Is the Fed ‘sleepwalking into a policy mistake?’: Abrdn analyst calls for faster easing of rates
An eagle tops the U.S. Federal Reserve building’s facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/ Jonathan Ernst | Reuters While British fund manager abdrn predicts that the U.S. economy will see a soft landing, there is still the risk of a prolonged slowdown in 2025, said Kenneth Akintewe, the company’s head of Asian sovereign […]
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Nationwide strikes erupt in Israel as hostage deaths kindle pressure for cease-fire deal
Demonstrators lift flags and placards during a protest calling for the release of Israelis held hostage by Palestinian militants in Gaza since October, in Tel Aviv on August 31, 2024, amid the ongoing conflict in the Gaza Strip between Israel and the Palestinian militant Hamas movement. (Photo by Jack GUEZ / AFP) (Photo by JACK […]
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