Month: May 2025
Four tools at the Trump administration’s disposal after a U.S. court blocks tariffs
US President Donald Trump prepares to sign executive orders in the Oval Office of the White House in Washington, DC, on May 23, 2025. Mandel Ngan | Afp | Getty Images U.S. President Donald Trump is expected to find a workaround after suffering a major blow to a core part of his economic agenda. The […]
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Nvidia jumps 5% in premarket trading as results spark global chip rally
Jensen Huang, co-founder and CEO of Nvidia, during the Computex conference in Taipei, Taiwan, on May 20, 2025. Annabelle Chih | Bloomberg | Getty Images Nvidia shares jumped in premarket trading on Thursday after posting a positive set of earnings, sparking a rally in global semiconductor stocks. Shares of Nvidia were 5.22% higher at 05:06 […]
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Sony says financial arm spin-off will secure fundraising capabilities
The logo of Japanese entertainment and electronics giant Sony is displayed at the company’s headquarters in Tokyo on May 14, 2025. Kazuhiro Nogi | Afp | Getty Images Sony’s CEO said on Thursday the spin-off of the financial services arm will secure that business its own fundraising capabilities. “It is significant that, through the spin-off, Sony (Financial Group) will secure its own fundraising capabilities while continuing to use the Sony brand and collaborate with Sony Group,” Sony CEO Hiroki Totoki said […]
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Flyadeal CEO discusses wet leasing deal with Cebu Pacific and starting flights to Syria
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Steven Greenway, CEO of Saudi Arabia’s low-cost carrier flyadeal, says that “competition is a given” amongst the low-cost carrier portion of the airline industry and shares how he is repositioning flights to meet the new demand for flights to Syria. Source
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CNBC’s Inside India newsletter: India is set to be the world’s fourth-largest economy — but sustained growth will warrant more reforms
India is set to become the world’s fourth-largest economy. Dinodia Photo | Corbis Documentary | Getty Images This report is from the latest edition of CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary every week on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you […]
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Slovak central bank governor Kazimir guilty of corruption, court rules
Peter Kazimir, governor of Slovakia’s central bank, attending a press conference in Bratislava in 2016. Tomas Benedikovic | Afp | Getty Images A Slovak court ruled on Thursday that central bank governor and European Central Bank policymaker Peter Kazimir is guilty of corruption, a judge said. The Specialised Criminal Court ruled Kazimir must pay a […]
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China’s EV price war is heating up. What’s behind the big discounts?
Key Points Industry giant BYD announced a slew of discounts — some of nearly 30% or more – on selected models. The average car price has fallen by around 19% over the past two years in China to around 165,000 yuan ($22,900). Rather than reflecting market expansion, double-digit growth of new energy vehicles sales in […]
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China’s DeepSeek quietly releases upgraded R1 AI model, ramping up competition with OpenAI
Deepseek’s logo on Jan. 29, 2025. Andrey Rudakov | Bloomberg | Getty Images Chinese startup DeepSeek, which caused shockwaves across markets this year, quietly released an upgraded version of its artificial intelligence reasoning model. The company did not make an official announcement, but the upgrade of DeepSeek R1 was released on AI model repository Hugging […]
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European shares set to open sharply higher as U.S. judges put a halt to Trump’s reciprocal tariffs
Some European markets closed today The exterior of the Six Swiss Exchange in Zurich, Switzerland, on Aug. 22, 2019. Stefan Wermuth | Bloomberg | Getty Images Several European countries, including France, Belgium, Germany, Norway, the Netherlands and Switzerland, are observing the Christian holiday Ascension Day on May 29. Most major markets will be open for […]
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CNBC Daily Open: Trump’s ‘reciprocal’ tariffs face an uncertain future — and that’s good for markets and businesses
President Donald Trump holds a signed executive order after delivering remarks on reciprocal tariffs during an event in the Rose Garden on April 2, 2025. Saul Loeb | Afp | Getty Images U.S. President Donald Trump has been accused of walking back on his trade policies — a Financial Times columnist succinctly described that apparent […]
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