Month: June 2025
Germany tells Apple, Google to block DeepSeek as the Chinese AI app faces rising pressure in Europe
In this photo illustration, the DeepSeek logo is seen displayed on a smartphone screen and in the background, the flag of the European Union. Thomas Fuller | Sopa Images | Lightrocket | Getty Images One of Germany’s data protection watchdogs on Friday said DeepSeek’s app illegally sends user data to China and asked Google and […]
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Here’s how the luxury real estate market is splitting up
View of luxury waterfront homes and boats along the intracoastal waterway near Jupiter Inlet in Jupiter, Florida in Palm Beach County Ryan Tishken | Istock | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future […]
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British cars are being stolen and shipped within a day, fueling a multi-billion-pound crime bill
The theft of luxury cars is highly sophisticated and widespread, with Range Rovers just one of a number of targets for organized crime groups. Picture Alliance | Picture Alliance | Getty Images Cars are being stolen and shipped from the U.K. within 24 hours, according to a new report which found thefts are costing British […]
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Pajamas at breakfast and bare feet in the lobby: How hotels are tackling bad etiquette
Hotels want guests to feel at home — but some take it too far, according to a Hotels.com survey. The survey results, published by Expedia in March, showed that the most frowned upon behavior was walking around barefoot, with 94% of respondents deeming it inappropriate. A close second is wearing hotel robes in the lobby […]
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China, U.S. confirm details of their trade deal, Beijing says
China’s Ministry of Commerce in Beijing. Visual China Group | Getty Images The U.S. and China have confirmed details of a trade framework that seeks to allow rare earth exports and easing of tech restrictions, according to a statement released by China’s Ministry of Commerce Friday afternoon. China will review and approve export applications for […]
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European stocks extend gains after White House hints at tariffs extension
Autos stocks rise A Porsche at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC European autos stocks notched gains during early trade on Friday, as investors reacted to the White House saying the looming deadline for country-specific tariffs to come into effect was “not critical” and “could be extended.” […]
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SoftBank CEO says he’s ‘all in’ on OpenAI, reveals he’s long wanted Microsoft’s spot as main backer
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company’s annual general meeting in Tokyo, Japan, on Friday, June 27, 2025. Bloomberg | Bloomberg | Getty Images SoftBank is “all in” on OpenAI, CEO Masayoshi Son said on Friday, as the Japanese tech giant looks to realize its vision of […]
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China skirts U.S. sanctions as top buyer of Iranian oil — here’s how, and why that’s unlikely to change soon
An oil tanker is being pictured in the Persian Gulf near the seaport city of Bushehr, in Bushehr Province, southern Iran, on April 29, 2024. Morteza Nikoubazl | Nurphoto | Getty Images For years, China has been buying discounted Iranian oil in bulk, and the U.S. sanctions on Tehran have barely put a dent in […]
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UK auto production for May slumps to lowest level since 1949 as Trump tariffs hit hard
General view of Land Rover cars outside the Jaguar Land Rover factory on April 7, 2025 in Halewood, England. Richard Martin-roberts | Getty Images News | Getty Images U.K. vehicle production fell sharply for a fifth straight month in May, according to new figures, as headwinds including U.S. President Donald Trump’s trade policy hit the […]
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Why fund managers are loading up on defense stocks
Fund managers are getting more bullish on defense stocks, with recent conflicts in the Middle East, the Indian subcontinent as well as NATO allies’ pledges to raise defense spending boosting prospects of the arms industry. The sector has seen robust gains this year and analysts suggest the interest in defense will grow further. The MSCI […]
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