Month: May 2025
The U.S.’ AI love affair with the UAE isn’t just about access — it’s about dominance
UAE President Sheikh Mohamed bin Zayed Al Nahyan (R) welcomes his US counterpart Donald Trump upon arrival at the presidential terminal in Abu Dhabi on May 15, 2025. Giuseppe Cacace | Afp | Getty Images DUBAI, United Arab Emirates — Deep in the oil-rich deserts of the Middle East, the United Arab Emirates is on […]
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Getty Images spending millions to battle a ‘world of rhetoric’ in AI suit, CEO says
Getty Images’ logo seen displayed on a smartphone with an AI chip and symbol in the background. Budrul Chukrut | Sopa Images | Lightrocket via Getty Images LONDON — Getty Images is spending millions of dollars to take on a “world of rhetoric” through its Stability AI suit, the photo licensing company’s boss Craig Peters […]
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European businesses have never been this gloomy about China
Key Points European business optimism about China has hit its lowest on record — worse than during the pandemic — due to slower growth and geopolitical worries. That’s just one of the several record lows in sentiment that the EU Chamber of Commerce in China found in its annual survey. A record 73% of respondents […]
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CNBC’s UK Exchange newsletter: An all-too-familiar dial tone from Vodafone
A logo on the exterior of a Vodafone Group Plc store in London, UK, on Monday, May 13, 2024. Bloomberg | Bloomberg | Getty Images This report is from the first-ever edition of CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and […]
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The West is recycling rare earths to escape China’s grip — but it’s not enough
Annealed neodymium iron boron magnets sit in a barrel prior to being crushed into powder at Neo Material Technologies Inc.’s Magnequench Tianjin Co. factory in Tianjin, China. Bloomberg | Bloomberg | Getty Images BEIJING — As China tightens its grip on the global supply of key minerals, the West is working to reduce its dependence […]
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SpaceX’s Starship explodes for third time in a row, Musk promises more frequent launches
Matt Farrah of Newcastle, Australia views SpaceX’s next-generation Starship spacecraft atop its Super Heavy booster is prepared for launch on its ninth test at the company’s launch pad in Starbase, Texas, U.S., May 27, 2025. Joe Skipper | Reuters SpaceX’s Super Heavy booster and Starship rocket exploded during a test flight on Tuesday, the third […]
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Musk’s role leading DOGE qualifies as ‘continuing and permanent,’ federal judge says
Elon Musk listens as reporters ask U.S. President Donald Trump and South Africa President Cyril Ramaphosa questions during a press availability in the Oval Office at the White House on May 21, 2025 in Washington, DC. Chip Somodevilla | Getty Images In its bid to have a lawsuit against Elon Musk, the Department of Government […]
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CNBC’s The China Connection newsletter: What chip shortage? 10 questions with AI startup unfazed by U.S.-China tensions
In this photo illustration, the artificial intelligence (AI) apps DeepSeek, ChatGPT, Google Gemini, Copilot, Claude, and Perplexity seen displayed on a smartphone. Sopa Images | Lightrocket | Getty Images This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, […]
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Australia’s consumer inflation holds steady in April, rate cuts still in view
Customers purchase produce from stalls at Carriageworks Farmers Market in Sydney, Australia, on Saturday, April 26, 2025. Bloomberg | Bloomberg | Getty Images Australian consumer inflation held steady in April as higher health and holiday costs offset a drop in petrol prices, although the monthly measure tends to be volatile and left hopes for more interest rates […]
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CNBC Daily Open: Elon Musk proves returning to the office has its benefits
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBC Studies regarding the benefits of return-to-office mandates have been mixed. Some find that hybrid workers are as productive as on-site ones, while others conclude that in-person work cultivates mentorship and training. In some cases, however, the results of being physically in the office […]
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