Month: June 2025
Tesla’s European car sales nosedive for fifth month as customers switch to Chinese EVs
A group of activists criticizing Elon Musk and Tesla’s policies hold a protest outside a Tesla dealership in London’s Park Royal district, on April 12, 2025 in United Kingdom. Anadolu | Anadolu | Getty Images Tesla new car sales in Europe fell for a fifth straight month in May, according to data from the European […]
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ESPN renews media deal with professional lacrosse, takes an equity stake in the league
Utah Archers Midfielder Tre Leclaire (44) carries the ball during the Premier Lacrosse League Cash App Championship between the Maryland Whipsnakes and the Utah Archers at Subaru Park in Chester, Pennsylvania, on Sept. 15, 2024. Terence Lewis | Icon Sportswire | Getty Images ESPN is renewing its media deal with the Premier Lacrosse League and […]
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CNBC’s The China Connection newsletter: Whispers of a new world order in Tianjin
The 2025 Summer Davos forum will be held from June 24 to 26 in Tianjin and is expected to bring together around 1,800 participants from over 90 countries and regions. China News Service | China News Service | Getty Images This report is from CNBC’s The China Connection newsletter, which brings you insights and analysis […]
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‘Time to get serious on defense’: A moment of truth for NATO as leaders seek unity on spending hike
The NATO summit in the Netherlands. Haiyun Jiang | Via Reuters It’ll be a moment of truth for NATO on Wednesday when the Western military alliance releases a joint statement on a heavily pushed and previewed collective defense spending hike. Allies have been corralled, cajoled and pressured to hike their defense expenditure from 2% to […]
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European defense stocks jump 1% as world leaders meet for NATO summit
Defense stocks jump HMS Venturer is rolled out from the build hall at Babcock Rosyth on May 27, 2025, in Rosyth, Scotland. Jeff J Mitchell | Getty Images European defense stocks rallied on Wednesday morning, as world leaders gather in The Hague, Netherlands, for the annual NATO summit. The military alliance’s 32 member states, with […]
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CNBC Daily Open: A truce is to be celebrated — but it doesn’t promise peace
U.S. President Donald Trump speaks to reporters onboard Air Force One en route to the NATO summit in The Hague, Netherlands, June 24, 2025. Brian Snyder | Reuters The ceasefire between Israel and Iran appears to be holding. In yesterday’s newsletter, we talked about how a blitzkrieg of missile-led diplomacy seemed to help de-escalate tensions. […]
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Japan’s inflation has been above target for over 3 years, but where is the BOJ?
Customers check out vegetables and other groceries at a supermarket in Tokyo on June 20, 2025. Kazuhiro Nogi | Afp | Getty Images Major central banks have hiked their policy rates in the face of surging inflation since the Covid-19 pandemic — but the Bank of Japan has been an outlier. It has stayed put […]
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Europe must wake up amid ‘very complicated’ relations with the U.S., former Italy PM says
Former Italian Prime Minister Matteo Renzi gestures during the event “Two Peoples, Two States, One Destiny” promoted by Azione, Italia Viva, and + Europa, a public debate on the Israeli-Palestinian conflict and aims at supporting a solution based on the peaceful coexistence of two states, in Milan on June 6, 2025. Stefano Rellandini | Afp […]
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Greece is one of NATO’s top defense spenders. Here’s why
Military vehicles are seen during a military parade commemorating the Greek Independence Day in Athens, Greece, on March 25, 2025. Marios Lolos | Xinhua News Agency | Getty Images Sun-soaked Greece may not immediately come to mind as a top defense spender — but only four NATO allies spent a bigger slice of their GDP […]
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Andrew Cuomo concedes the New York City mayoral primary to Zohran Mamdani, who leads in the first-choice vote
New York City mayoral candidate and democratic State Representative Zohran Mamdani (L) and New York City mayoral candidate Andrew Cuomo (R). Angela Weiss | Afp | Getty Images State Assemblyman Zohran Mamdani is the leader as first-choice votes are tallied in the New York City Democratic mayoral primary, ahead of former New York Gov. Andrew […]
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