Month: March 2025
Travel chaos as London’s Heathrow remains closed. Here’s what airlines are telling passengers
Police vehicles and fire engines are seen near the scene where a fire broke out at a substation supplying power to Heathrow Airport in Hayes, west London on March 21, 2025. Benjamin Cremel | Afp | Getty Images A fire at an electrical substation caused the closure of London’s Heathrow Airport on Friday causing major […]
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CNBC Daily Open: Damage from tariffs and DOGE cuts is growing visible
A delivery rider passes by a Nike retail store on Dec. 29, 2024, in Chongqing, China. Cheng Xin | Getty Images News | Getty Images The Trump administration’s radical overhaul of the federal government and economic policy is bleeding into corporate earnings. Nike reported earnings Thursday, and cautioned that it expects sales in its current […]
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Britain’s Heathrow Airport closes Friday after large fire causes ‘significant power outage’
A plane taking off from Heathrow Airport in the United Kingdom. Tim Ireland | Xinhua | Getty Images Britain’s Heathrow Airport closed on Friday after a fire at a nearby electrical substation caused a power outage, airport officials said. “Heathrow is experiencing a significant power outage across the airport due to a large fire at […]
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X sues Modi’s government over content removal in new India censorship fight
Elon Musk’s account on X is displayed on a smartphone. Nathan Stirk | Getty Images News | Getty Images India’s IT ministry has unlawfully expanded censorship powers to allow the easier removal of online content and empowered “countless” government officials to execute such orders, Elon Musk’s X has alleged in a new lawsuit against New Delhi. The lawsuit and the allegations mark an escalation in an […]
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Pentagon to brief Musk on top-secret plan for potential war with China, NYT reports
President Donald Trump and Elon Musk (R) speak before departing the White House on his way to his South Florida home in Mar-a-Lago in Florida on March 14, 2025. Roberto Schmidt | Afp | Getty Images Billionaire Elon Musk, U.S. President Donald Trump’s close ally, is due to be briefed on Friday by the Pentagon on the U.S. military’s plan for any war that might […]
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China’s bond yields are rising — but economists say deflation worries could soon pull them lower
Pedestrians walk along a street in Beijing’s Central Business District on July 9, 2024. Wang Zhao | Afp | Getty Images The recent rebound in China’s government bond yields is not a sign of reflation, economists say, as persisting deflationary pressure is expected to keep borrowing costs low. An intensified selloff in China’s government bonds […]
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China’s property market edges toward an inflection point
Key Points UBS analysts on Wednesday became the latest to raise expectations that China’s struggling real estate market is close to stabilizing. Existing home sales in five major Chinese cities have climbed by more than 30% from a year ago on a weekly basis as of Wednesday, according to a CNBC analysis of data accessed […]
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Asia-Pacific markets trade mixed as U.S. economic uncertainties linger
Shares of Mitsubishi Motors climb after reports of Foxconn collaboration Shares of Mitsubishi Motors rose 4.5% after reports that it is closing in on an EV collaboration deal with Taiwan’s Foxconn, according to Nikkei citing sources close to the matter. Discussions have been ongoing for over six months, sources were cited as saying. —Lee Ying […]
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CNBC Daily Open: DOGE cuts and tariffs hit Accenture and Nike hard
Nike’s “Just Do It” ad slogan on Feb. 5, 2025, in London, England. Richard Baker | In Pictures | Getty Images The Trump administration’s radical overhaul of the federal government and economic policy is bleeding into corporate numbers. Nike reported earnings Thursday, and cautioned that it expects sales in its current quarter to plunge because […]
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FedEx cuts full-year results forecast on ‘uncertainty’ in economy, bad weather
A FedEx plane prepares to leave the FedEx Cargo Hub at Miami International Airport on Feb. 12, 2025 in Miami, Florida. Joe Raedle | Getty Images FedEx lowered its full-year profit and revenue forecasts on Thursday, as the parcel delivery firm battles stubbornly soft demand and uncertainty in the U.S. industrial economy as President Donald Trump imposes tariffs on trading […]
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