Month: March 2025
U.K. expected to unveil more spending cuts amid troubled times for the economy
Britain’s Labour government will come under intense scrutiny on Wednesday, as Finance Minister Rachel Reeves prepares to update lawmakers on her spending and taxation plans and the nation’s economic outlook amid unsettling times for the U.K. Reeves is expected to announce billions of pounds worth of spending cuts as a way to close a budget […]
Read More
BYD aims to double overseas sales to 800,000 in 2025, chairman tells analysts
The BYD stand at an exhibition in Hangzhou, Zhejiang province, China on March 24, 2025. Cfoto | Future Publishing | Getty Images Chinese electric vehicle giant BYD aims to double its sales outside China to over 800,000 cars in 2025 and will look to overcome tariffs by assembling cars locally, its chairman told analysts on an earnings call on Tuesday. BYD, which sold 417,204 units abroad in 2024, expects to […]
Read More
European markets head for broadly higher open; UK inflation and economy in focus
European stocks are expected to open in broadly higher territory Wednesday ahead of a U.K.-focused day for markets. The U.K.’s FTSE 100 index is expected to open 4 points higher at 8,673, Germany’s DAX up 38 points at 23,142, France’s CAC 6 points higher at 8,108 and Italy’s FTSE MIB 87 points higher at 38,769, according […]
Read More
U.K. inflation cools to 2.8% in February but respite could be short-lived
Crowds of shoppers and visitors out on Oxford Street on 28th August 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The U.K.’s inflation rate fell slightly to 2.8% in February, coming in just below analyst expectations, according to data released by the Office for National Statistics (ONS) on Wednesday. Economists […]
Read More
CNBC Daily Open: Consumers and CFOs alike are expecting a recession in the U.S.
A Forever 21 store in New York, in March 2025. Yuki Iwamura | Bloomberg | Getty Images The shadow of a U.S. recession is growing longer and darkening the outlook for both consumers and CFOs alike, according to various surveys tracking sentiment in March. That said, Wall Street has risen over the past three days […]
Read More
British businesses pile on the pressure on U.K. Financial Minister Reeves ahead of budget update
Rachel Reeves, UK chancellor of the exchequer, outside 11 Downing Street ahead of presenting her budget to parliament in London, UK, on Wednesday, Oct. 30, 2024. Bloomberg | Bloomberg | Getty Images Home improvement retailer Kingfisher became the latest British company to report a negative impact from U.K. Finance Minister Rachel Reeves’ October budget — […]
Read More
Stock futures are little changed after S&P 500 notches three-day win streak: Live updates
A trader works on the floor at the New York Stock Exchange on March 24, 2025. Jeenah Moon | Reuters U.S. stock futures were little changed early Wednesday after the S&P 500 posted a marginal gain, marking its third positive session in a row. Futures tied to the Dow Jones Industrial Average were flat. S&P […]
Read More
U.S. blacklists over 50 Chinese companies in bid to curb Beijing’s AI, chip capabilities
William_potter | Istock | Getty Images The U.S. on Tuesday added dozens of Chinese tech companies to its export blacklist in its first such effort under the Donald Trump administration, as it doubles down on curtailing Beijing’s artificial intelligence and advanced computing capabilities. The U.S. Department of Commerce’s Bureau of Industry and Security added 80 […]
Read More
Thailand prime minister survives no-confidence vote in parliament
Thailand’s Prime Minister Paetongtarn Shinawatra (R) attends the first day of a no-confidence debate, at the Thai Parliament in Bangkok on March 24, 2025. Chanakarn Laosarakham | Afp | Getty Images Thailand’s Prime Minister Paetongtarn Shinawatra survived a no-confidence vote today, after the country’s main opposition reportedly accused her of being unqualified and allowing her […]
Read More
Amazon is testing shopping, health assistants as it pushes deeper into generative AI
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | Reuters Amazon, in an effort to infuse generative artificial intelligence across a wider swath of its e-commerce universe, recently began testing a shopping assistant and a health-focused chatbot with a subset of users. […]
Read More