Month: November 2024
European tech funding declines for third consecutive year — but the sector is finally stabilizing
On Monday, British tech lobby group Startup Coalition warned in a blog post that there was a risk Reeves’ tax plans could result in a tech “brain drain.”. (Photo by Oli Scarff/Getty Images) Oli Scarff | Getty Images Venture capital investment in European technology startups is projected to decline for a third straight year, according […]
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Doubts mount over Britain’s ambitious growth plans — with warnings of further tax rises possible
Chancellor Rachel Reeves gives a speech at the Treasury on July 8, 2024 in London, England. Pool | Getty Images News | Getty Images LONDON — Doubts are mounting over the Labour government’s flagship growth and investment agenda, with one analyst warning further tax rises could be coming as soon as next year. U.K. Finance […]
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Germany’s struggling Thyssenkrupp books $1 billion impairment charge as steel demand weakens
A general view of the gate of the Thyssenkrupp industrial area in Duisburg, Germany, on August 29, 2024. (Photo by Ying Tang/NurPhoto via Getty Images). Nurphoto | Nurphoto | Getty Images Germany’s Thyssenkrupp on Tuesday reported a 1-billion-euro ($1.06 billion) impairment on its struggling steel division as the industrial powerhouse flagged “gloomy volume” expectations and […]
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India central bank plans 2025 launch of cloud services, countering dominance of global firms
The Reserve Bank of India’s monetary policy committee raised the key lending rate or the repo rate to 5.40%. Vivek Prakash | Bloomberg | Getty Images India’s central bank will launch a pilot program in 2025 offering local cloud data storage to financial firms at affordable prices, according to two sources aware of the matter, […]
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CNBC Daily Open: Tesla helps the Nasdaq snap its losing streak
A Tesla Cybertruck at a Tesla store in San Jose, California, US, on Tuesday, Nov. 28, 2023. David Paul Morris | Bloomberg | 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 […]
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European markets head for higher open as traders focus on data, earnings
Thyssenkrupp books $1 billion impairment on struggling steel unit A general view of the gate of the Thyssenkrupp industrial area in Duisburg, Germany, on August 29, 2024. (Photo by Ying Tang/NurPhoto via Getty Images). Nurphoto | Nurphoto | Getty Images Germany’s Thyssenkrupp on Tuesday reported a 1-billion-euro ($1.06 billion) impairment on its struggling steel division as the […]
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Fintech unicorns are watching Klarna’s debut for signs of when IPO window will reopen
Hiroki Takeuchi, co-founder and CEO of GoCardless. Zed Jameson | Bloomberg | Getty Images LISBON, Portugal — Financial technology unicorns aren’t in a rush to go public after buy now, pay later firm Klarna filed for a U.S. IPO — but they’re keeping a watchful eye on it for signs of when the market will […]
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Hong Kong jails 45 democracy activists in landmark national security trial
Police stand guard outside the West Kowloon Magistrates’ Courts building before the sentencing against the 45 convicted pro-democracy activists charged under the national security law, in Hong Kong, China November 19, 2024. Tyrone Siu | Reuters Hong Kong’s High Court on Tuesday jailed 45 pro-democracy activists for up to 10 years following a landmark national security trial that has damaged the city’s once feisty democracy movement and […]
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Market veteran Howard Marks cautions that China’s economic growth target is a ‘Herculean challenge’
Howard Marks, co-chairman, Oaktree Capital. Courtesy David A. Grogan | CNBC Veteran investor Howard Marks said he was hopeful about China’s economy, but cautioned that the country’s growth target was a monumental challenge. “I’m still optimistic on China’s long-term possibilities, as long as they execute well and as long as they remain constructive with regard […]
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Walmart will report earnings before the bell. Here’s what to expect
The Walmart logo is seen outside of one of its stores in Selinsgrove, Pennsylvania. Paul Weaver | Lightrocket | Getty Images Walmart will report earnings before the bell on Tuesday, as inflation eases and the holiday season heats up. Here’s what the discounter is expected to report for the fiscal third quarter, according to a […]
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