Month: November 2024
France’s political chaos drives borrowing costs to the same level as Greece’s for the first time
People walk along the Chatelet Les Halles area of Paris during the snowfall of Storm Caetano. Sopa Images | Lightrocket | Getty Images France’s brewing political crisis is spilling into financial markets with the country’s borrowing costs hitting the same level as debt-ridden Greece’s for the first time on record Thursday. The spread — the […]
Read More
Trump’s tariff threats have rattled Europe’s auto giants — but Ferrari appears remarkably unfazed
Workers on the production line at the new Ferrari NV E-building factory in Maranello, Italy, on Friday, June 21, 2024. Francesca Volpi | Bloomberg | Getty Images Ferrari is thought to be something of a special case among Europe’s automobile sector even as many car giants come under pressure from the threat of U.S. tariffs. […]
Read More
Russia tries to stem panic over the plummeting ruble, as the central bank is forced to intervene
Aerial view of the Moscow Kremlin landmarks: St. Basil’s Cathedral, Kremlin, Spasskaya Tower and Red Square Sergey Alimov | Moment | Getty Images Russian authorities are trying to stem panic over the ruble’s sharp fall this week, with the central bank forced to intervene on Wednesday to support the currency. The ruble weakened to 114 […]
Read More
Shares of key chip suppliers jump as U.S. reportedly considers toned-down China curbs
An ASML icon is being displayed on a circuit board, alongside the flags of the USA and China, in this photo illustration taken in Brussels, Belgium, on January 4, 2024. Jonathan Raa | Nurphoto | Getty Images Shares of key global semiconductor equipment firms jumped on Thursday after a report that the U.S. is considering […]
Read More
European markets head for higher open; U.S. markets are closed for Thanksgiving
UK consumer confidence ‘remains weak,’ retail trade group says Shoppers visit York Christmas Market ahead of Black Friday on November 25, 2024 in York, England. Ian Forsyth | Getty Images News | Getty Images U.K. consumer confidence remains weak in the aftermath of the Labour government’s landmark first budget in October, according to a November […]
Read More
CNBC Daily Open: U.S. inflation edged up but investors have things to be thankful for
Whole turkeys for the upcoming Thanksgiving Holiday are shown for sale in a grocery store in Encinitas, California, U.S., November, 24, 2024. Mike Blake | Reuters 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 […]
Read More
OPEC+ postpones meeting to decide oil production strategy to Dec. 5, delegates say
A view shows the logo of Organization of the Petroleum Exporting Countries (OPEC) during the United Nations climate change conference COP29, in Baku, Azerbaijan November 13, 2024. Maxim Shemetov | Reuters The OPEC+ oil alliance has postponed a meeting to decide the next steps of its crude production strategy to Dec. 5, two delegate sources […]
Read More
From AI to young new artists, London wants to attract a new generation of art buyers
As the art market shows signs of slowing, London is looking to attract a new generation of art buyers — and showcase young emerging artists in the process. Global art sales slid 4% year-on-year in 2023, according to the Art Basel & UBS Art Market Report 2024, falling to $65 billion after two years of […]
Read More
Apple, Trump and a booming budget surplus: Ireland has much to mull over as voters head to the polls
Polling station in Ireland. Kinga Krzeminska | Moment | Getty Images Ireland goes to the polls on Nov. 29, with center-right parties Fianna Fáil and Fine Gael once again expected to form the nucleus of the country’s next government. The historical rivals have shared power over the last five years alongside the Green Party, and […]
Read More
Shipping giant Maersk unveils latest ‘dual-fuel methanol vessel’ in decarbonization shift
The container ship Gunde Maersk docked at the Port of Oakland on June 24, 2024, in Oakland, California. Justin Sullivan | Getty Images SINGAPORE — Denmark-based shipping and logistics giant Maersk unveiled its latest dual-fuel methanol vessel in the Southeast Asian country on Thursday as the industry ramps up decarbonization efforts. The newly named A.P. […]
Read More