Day: July 16, 2025
Here are 10 of the most expensive cities for high-net-worth individuals, according to a new report
Singapore retains its title as the most expensive city for high-net-worth-individuals, according to Julius Baer’s 2025 Global Wealth and Lifestyle report. Deejpilot | E+ | Getty Images Singapore retained its top spot as the most expensive city globally for high-net-worth individuals (HNWIs) for the third consecutive year, according to the 2025 Global Wealth and Lifestyle […]
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The world’s top fintech companies: 2025
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Renault shares plunge 16% after French carmaker lowers guidance, appoints new interim CEO
A Renault Espace E-Tech full Hybrid (L) and a Megane E-Tech 100% Electric EV (C) are displayed during the Geneva Motor Show 2024 at Palexpo on Feb. 26, 2024 in Geneva, Switzerland. John Keeble | Getty Images News | Getty Images Shares of French carmaker Renault plunged as much as 17% on Wednesday after the […]
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Yen weakness subdues luxury splurge at Cartier-owner Richemont
Shoppers walking past a Cartier store at the high-end shopping district of Ginza in Tokyo, Japan. Anadolu | Getty Images A currency-fueled spending splurge in the key Japanese luxury market has finally abated, weighing on sales at Cartier-owner Richemont. The Swiss luxury group’s Japan sales declined 15% year-on-year at constant exchange rates in the fiscal […]
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CNBC’s The China Connection newsletter: From Didi to DeepSeek
The Hong Kong Stock Exchange said that for the first time, six gongs filled its main hall on July 9, 2025, as 5 companies and an ETF marked their listings. Bloomberg | Bloomberg | Getty Images This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s […]
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UK inflation hits hotter-than-expected 3.6% in June
A one pound price label in bowls of produce on a grocery stall at East Street Market in London, UK, in spring 2024. Bloomberg | Bloomberg | Getty Images The U.K.’s annual inflation rate hit a hotter-than-expected 3.6% in June, according to data released by the Office for National Statistics (ONS) on Wednesday. Economists polled […]
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Chip giant ASML says it can’t confirm that it will grow in 2026
An icon of ASML is displayed on a smartphone, with an ASML chip visible in the background. Nurphoto | Nurphoto | Getty Images ASML reported second-quarter earnings that beat estimates with the its key net bookings figure ahead of consensus. However, the chip equipment giant missed analyst expectations for revenue guidance in the current quarter […]
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CNBC’s UK Exchange newsletter: Britain was once known as a ‘nation of shopkeepers.’ Now, not so much
This report is from this week’s CNBC’s UK Exchange newsletter by Ian King. Like what you see? You can subscribe here. The dispatch England, Napoleon Bonaparte reputedly once said, is a nation of shopkeepers. These days, he might observe that it is more a nation of administrators, insolvency practitioners and restructuring advisors. Barely a day passes […]
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Chinese toymaker Pop Mart shares slide despite strong earnings forecast
The global flagship store of Pop Mart, a Chinese toymaker and seller, at Nanjing Road Pedestrian Street on Aug. 16, 2022, in Shanghai, China. Vcg | Visual China Group | Getty Images Shares in Pop Mart International tumbled over 6% on Wednesday after the toymaker issued a bullish first-half earnings forecast. The Beijing-headquartered company is […]
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Jensen Huang lauds China’s AI models as Nvidia gears up to resume chip exports
Key Points Nvidia CEO Jensen Huang praised China’s AI models a day after the U.S. chipmaker said it expected to resume sales of a key product to China. “More than 1.5 million developers in China build on Nvidia today to bring their innovations to life,” he said. He was speaking Wednesday at the opening ceremony […]
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