Month: June 2025
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 […]
Read More
‘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 […]
Read More
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 […]
Read More
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. […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
China’s Li urges not to turn trade into a political or security issue
Key Points Chinese Premier Li Qiang speaking at the opening plenary of the World Economic Forum’s annual conference in China, often dubbed “Summer Davos.” Engaging in the international economy is a way of “reshaping the rules and order,” Li said. Source
Read More
At 23, he quit his accounting job to start an eBay business—today, his company brings in $167 million a year
Gurmer Chopra, 32, is the co-founder of clothing brand YoungLA. Courtesy of Right after graduating from university in 2015, Gurmer Chopra, 32, landed his first corporate role at a “Big Four” accounting firm. But after less than a year on the job, he decided to quit. “Four months into it, I [was] like: ‘I freaking […]
Read More