Month: January 2025
Victory for Prince Harry as Murdoch papers admits wrongdoing by Sun
LONDON, UNITED KINGDOM – MARCH 30: Prince Harry, Duke of Sussex arrives at the Royal Courts of Justice on March 30, 2023 in London, England. (Photo by Max Mumby/Indigo/Getty Images) Max Mumby/indigo | Getty Images News | Getty Images Prince Harry settled his privacy claim against Rupert Murdoch’s UK newspaper group on Wednesday after the […]
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UK replaces competition watchdog’s chair with ex-Amazon boss after anti-growth criticism
Doug Gurr, Amazon’s former U.K. head, has been appointed chair of the Competition and Markets Authority. David M. Benett | Getty Images for Amazon LONDON — The British competition regulator tapped a top former Amazon executive as its new chair after facing accusations from Prime Minister Keir Starmer of stifling growth. The Competition and Markets […]
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ECB’s Lagarde: Not overly concerned by the export of inflation to Europe
The European Central Bank is “not overly concerned” about the risk of inflation from abroad and will continue to cut interest rates at a gradual pace, the institution’s President Christine Lagarde told CNBC Wednesday. Asked about the potential effect on Europe if inflation resurges in the U.S., Lagarde said: “If there is reigniting of inflation […]
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Europe must be prepared for Trump tariffs, European Central Bank chief warns
Europe must “be prepared” and anticipate the potential trade tariffs of newly inaugurated U.S. President Donald Trump, European Central Bank President Christine Lagarde told CNBC on Wednesday. She said the fact that Trump had not imposed blanket tariffs on the first day of his presidency was a “very smart approach … because blanket tariffs are […]
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Europe ready to respond ‘in a proportionate way’ as Trump touts tariffs, top EU official says
Europe will respond to any tariffs imposed by U.S. President Donald Trump in a proportionate way, the European Union’s commissioner for the economy told CNBC on Wednesday. “If there is a need to defend our economic interests, we will be responding in a proportionate way,” Valdis Dombrovskis told CNBC’s Steve Sedgwick on the sidelines of […]
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Davos 2025 live updates: Leaders and CEOs hone in on monetary policy and security
LONDON — Welcome back to CNBC’s live blog covering all the latest news, views and action on day 3 of the World Economic Forum in Davos, Switzerland. CNBC’s guest highlights today include ECB President Christine Lagarde, who will speak to Karen Tso at 9:15 a.m. Davos time, and Spanish Prime Minister Pedro Sanchez, who will […]
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European markets expected to maintain positive momentum
LONDON — European stocks are expected to open higher Wednesday, continuing positive sentiment seen in global markets since the start of the week. The U.K.’s FTSE index is expected to open 7 points higher at 8,557, Germany’s DAX up 98 points at 21,140, France’s CAC 40 up 13 points at 7,786 and Italy’s FTSE MIB up […]
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Quad foreign ministers meet in Washington in signal of Trump’s China focus
US Secretary of State Marco Rubio (2R) stands alongside Indo-Pacific Quad ministers, L-R, Japanese Foreign Minister Iwaya Takeshi, Indian Foreign Minister Subrahmanyam Jaishankar and Australian Foreign Minister Penny Wong, during a photo opportunity before meetings at the State Department in Washington, DC, on January 21, 2025. Andrew Caballero-reynolds | Afp | Getty Images The United […]
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Kevin O’Leary says he would ‘love to do a TikTok deal,’ but the law prevents it
Photo illustration shows the TikTok logo displayed on a mobile phone screen. Sopa Images | Lightrocket | Getty Images Canadian investor Kevin O’Leary is still interested in a TikTok deal, but it’s not possible under current law, he told CNBC, as President Donald Trump extended the deadline for a ban on the social media platform. […]
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Trump pardons Silk Road creator Ross Ulbricht
US President Donald Trump signs executive orders during the inaugural parade inside Capital One Arena, in Washington, DC, on January 20, 2025. Angela Weiss | Afp | Getty Images President Donald Trump granted a full pardon on Tuesday to Ross Ulbricht, the founder of Silk Road. The infamous dark web marketplace served as a global […]
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