Month: April 2025
Trump will ‘buckle under pressure’ if Europe bands together over tariffs, German economy minister says
BERLIN, GERMANY – FEBRUARY 24: Robert Habeck, chancellor candidate of the German Greens Party, speaks to the media the day after German parliamentary elections on February 24, 2025 in Berlin, Germany. The Greens came in fourth place with 11.6% of the vote, down 2.9% from the previous election. (Photo by Sean Gallup/Getty Images) Sean Gallup […]
Read More
Here’s where Apple makes its products — and how Trump’s tariffs could have an impact
Apple’s iPhone 16 at an Apple Store on Regent Street in London on Sept. 20, 2024. Rasid Necati Aslim | Anadolu | Getty Images Apple has made moves to diversify its supply chain beyond China to places like India and Vietnam, but tariffs announced by the White House are set to hit those countries too. […]
Read More
European markets retreat on U.S. tariff news; trade bellwether Maersk down 8%: Live updates
Europe stocks open lower Europe’s Stoxx 600 index was 1.6% lower shortly after the market open early on Thursday, as traders assessed the scope and impact of U.S. tariffs. Banks on the index were down 3.2% at 8:10 a.m. U.K. time, while technology stocks fell 2.6%. A range of European firms expected to be hit […]
Read More
UK escapes worst of Trump’s tariff wrath with 10% levy but warns of ‘threat’ to global economy
US President Donald Trump inspects a Guard of Honour at Buckingham Palace on June 3, 2019 in London, England. Toby Melville | Getty Images U.K. Business Secretary Jonathan Reynolds said the country faces a “threat” to its open economy from any global fallout from Trump’s new tariffs regime, which included a baseline 10% “reciprocal” tariff […]
Read More
CNBC’s Inside India newsletter: How far is India from creating its own DeepSeek?
ChatGPT and DeepSeek AI apps on a user’s phone in Sopore, Jammu and Kashmir, India, on Feb. 5, 2025 Nasir Kachroo | Nurphoto | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its […]
Read More
Xiaomi delivers record cars in March as winners emerge in China’s EV race
A Xiaomi store in Shanghai, China, on March 16, 2025. Qilai Shen/Bloomberg | Bloomberg | Getty Images Chinese electric carmakers Xiaomi, Xpeng and Leapmotor each delivered nearly 30,000 or more cars in March, roughly twice several of their fellow startup competitors. It’s a sign of how some automakers are pulling ahead, while BYD remains the […]
Read More
EU preparing further countermeasures against U.S. tariffs if negotiations fail, EC President von der Leyen says
European Commission President Ursula von der Leyen holds a joint press conference with Antonio Costa at the end of the European Council Summit in Brussels, Belgium, on March 20, 2025. Nurphoto | Nurphoto | Getty Images The European Union is preparing further countermeasures against U.S. tariffs if negotiations fail, according to European Commission president Ursula […]
Read More
DeepSeek AI excitement spills over to Hong Kong’s IPO market
The Exchange Square Complex, which houses the Hong Kong Stock Exchange, on Feb. 26, 2025. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese companies are jumping at a window of opportunity to go public in Hong Kong as global investors start to return to the region, following the news of DeepSeek’s artificial intelligence breakthrough […]
Read More
De minimis trade loophole that boosted Chinese online retailers to end May 2
A driver for an independent contractor to FedEx delivers packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023. Stephanie Keith | Bloomberg | Getty Images President Donald Trump on Wednesday signed an executive order shutting the de minimis trade loophole, effective May 2. Trump in February abruptly ended the de minimis […]
Read More
CNBC Daily Open: Trump shows no mercy with his tariffs — and stocks suffer
U.S. President Donald Trump speaks during a “Make America Wealthy Again” trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. Chip Somodevilla | Getty Images Psychologist Carl Jung believed in the “collective unconscious,” a universal mind all humanity is tapped into. In the context of the […]
Read More