Month: May 2025
Mongolia’s ‘ambitious’ plan could boost tourism to 10% of GDP by 2030, says minister
Tourism could comprise 10% of Mongolia’s gross domestic product if the country can attract 2 million annual tourists by 2030, the country’s tourism minister told CNBC Wednesday. “We have a big, ambitious kind of goal, which is about 2 million tourists by 2030, which will be around a $4 billion contribution towards our GDP,” […]
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European stocks open higher on China-U.S. optimism
European stocks opened higher on Friday, as investors assessed a signal that China is seeking trade negotiations will the U.S. The Stoxx 600 index jumped 0.88% in early deals, led by mining stocks, up 2.5%, while banks climbed 1.7%. Most markets were closed on Thursday for the May 1 holiday. London’s FTSE 100 ended a choppy […]
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China looks set to turn to a tariff-proof sector as U.S. trade war bites: K-pop
Epex at the MBC Every1 variety show “Weekly Idol” at MBC Dream Center on April 23, 2024, in Goyang, South Korea. Mbcplus | Imazins | Getty Images Locked in a trade war with the United States and struggling with weak domestic consumption, China looks set to make a U-turn on an unlikely sector: K-pop. It […]
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Farage’s Reform UK Party support surges, wins closest ever by-election
Nigel Farage (C), leader of the Reform UK party, celebrates the victory of Sarah Pochin, the party’s candidate, in the Runcorn & Helsby by-election at the DCBL Stadium in Widnes, north-west England, in the early hours of May 2, 2025. Oli Scarff | Afp | Getty Images Nigel Farage’s right-wing Reform UK party made early […]
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Oil major Shell launches $3.5 billion share buyback after first-quarter profit beat
The Shell gas station logo is displayed on February 13, 2025 in Austin, Texas. Brandon Bell | Getty Images News | Getty Images British oil giant Shell on Friday reported a sharp fall in first-quarter profit, following a period of weaker crude prices. Shell reported adjusted earnings of $5.58 billion for the first three months […]
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U.S. tariff uncertainty puts China-made Christmas presents in question
Key Points As Chinese factories and their U.S. buyers try to navigate tariff uncertainty, there are concerns about whether Christmas merchandise will be able to hit the shelves stateside in time. For example, electronic products need to be shipped out of China by early September to hit U.S. shelves right after the Thanksgiving holiday at […]
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Britain’s NatWest says Q1 profit rises 36% on stronger income
A sign outside a NatWest Group Plc bank branch in the City of London, UK, on Tuesday, July 25, 2023. Natwest is due to report first-half results on Friday, July 28. Photographer: Hollie Adams/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images NatWest reported its first quarter profit rose 36% on Friday, thanks to […]
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Inside the deal: Roche and Zealand Pharma’s $5.3 billion obesity drug gambit
A view of the sign and logo of the Roche Holding AG headquarters on April 11, 2025 in Basel, Switzerland. Sedat Suna | Getty Images News | Getty Images COPENHAGEN, Denmark — The ballooning obesity drug market may have a new contender after Roche struck a $5.3 billion deal to develop Danish biotech Zealand Pharma’s “next generation” […]
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Standard Chartered beats first-quarter profit expectations on strong growth in wealth management
Standard Chartered Plc bank branch in Hong Kong Bloomberg | Bloomberg | Getty Images Standard Chartered on Friday beat first-quarter profit expectations on the back of strong growth in its wealth management, global markets, and global banking businesses. The bank’s reported profit before taxation for the three months ended in March was $2.103 billion, up from […]
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Trump plans to unveil federal budget proposal on Friday
U.S. President Donald Trump at the White House on May 1, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty Images U.S. President Donald Trump plans to unveil his budget proposal for the 2026 fiscal year on Friday and send it to Congress, according to a White House official. The annual White House budget request includes economic forecasts as well as detailed proposals about how […]
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