Day: May 23, 2025
Apple raises trade-in prices for iPhones in China to spur demand in key market
People stand in front of an Apple store in Beijing, China, on April 9, 2025. Tingshu Wang | Reuters Apple on Friday raised the amount of money people can get off their next iPhone in China by trading in their old device, rolling out further incentives to spur demand in a crucial market. The iPhone […]
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BYD beats Tesla in European EV sales despite EU tariffs in ‘watershed moment,’ report says
Though the difference between the two brands’ monthly sales totals is relatively small, the implications of BYD beating out Tesla “are enormous,” says Felipe Munoz, global automotive analyst at JATO Dynamics. Jaap Arriens | Nurphoto | Getty Images BYD sold more pure battery electric vehicles in Europe than Tesla for the first time ever last […]
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European stock markets set to open higher as investors await more clues on the shape of UK economy
European shares are poised to move slightly higher at the open on Friday. Source
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Moscow is getting tetchy as the West zones in on the Arctic for resources and security
“We will not supply gas, oil, coal, heating oil — we will not supply anything,” Putin said. Sergei Karpukhin | Afp | Getty Images Russia has long been the geopolitical kingpin of the Arctic, with deeply-embedded military, commercial and strategic investments in the region. But now that the U.S. and NATO are pivoting their focus […]
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Disney seeks to stop YouTube from hiring veteran to oversee sports and media
Disney logo is seen on the store in Rome, Italy on May 10, 2025. Nurphoto | Nurphoto | Getty Images Walt Disney seeks to stop Alphabet’s YouTube, which announced Thursday that it has appointed long-time executive Justin Connolly as its global head of media and sports. Disney filed a lawsuit against YouTube in a state court in Los Angeles late Wednesday to stop the appointment, alleging breach of contract, […]
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China says U.S. dialogue to continue as Beijing hints trade talks are advancing
Trade tensions between the world’s two largest economies have escalated in the last two weeks. Dilara Irem Sancar | Anadolu | Getty Images The U.S. and China have agreed to maintain communication following a call between Chinese Vice Foreign Minister Ma Zhaoxu and U.S. Deputy Secretary of State Christopher Landau, according to a brief readout […]
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CNBC Daily Open: Trump’s ‘big, beautiful’ tax bill might only be a short-term boost to the U.S. economy
Rep. Robert Scott (D-VA) (R) speaks during a mark up meeting with the House Budget Committee on Capitol Hill on May 16, 2025 in Washington, DC, U.S.. Anna Moneymaker | Getty Images News | Getty Images U.S President Donald Trump’s “big, beautiful” tax bill was passed by the House of Representatives Thursday and is headed to […]
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Japan’s core inflation climbs to 3.5%, highest in more than 2 years
TOPSHOT – Customers enter an electronics shop in the Akihabara district of Tokyo on January 12, 2024. Richard A. Brooks | Afp | Getty Images Japan’s core inflation accelerated to 3.5% in April, government data showed on Friday, bolstered in part by surging rice prices, as the central bank considers pausing its rate hike posture […]
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