Month: July 2025
Huawei reclaims No. 1 smartphone spot in China — and Apple returns to growth
The Huawei flagship store and the Apple flagship store at Nanjing Road Pedestrian Street in Shanghai, China, Sept. 2, 2024. Cfoto | Future Publishing | Getty Images Huawei reclaimed the top spot in China’s smartphone market in the second quarter of the year, while Apple returned to growth in the country — one of its […]
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A breakthrough and a burden? What the U.S.-EU trade deal means for the auto sector
A general view of production lines at the Mercedes-Benz assembly plant on June 4, 2025 in Rastatt, Germany. Florian Wiegand | Getty Images News | Getty Images U.S. President Donald Trump has hailed the framework trade agreement with the European Union as the biggest trade deal ever made and one that promises to be “great […]
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UnitedHealth aims to reassure investors as profits plunge, DOJ investigates its Medicare business
Omar Marques | Lightrocket | Getty Images UnitedHealth Group Chairman and CEO Stephen Hemsley will face the first real test Tuesday of his ability to regain investor confidence as the largest private U.S. insurer reports earnings. The Dow component has seen its share price cut nearly in half since mid-May, with the stock on pace […]
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China’s Laopu Gold shares fall despite forecast of tripling profits
Customers line up in front of the Laopu Gold Store in Shanghai, China, February 27, 2025. Cfoto | Future Publishing | Getty Images Shares of Laopu Gold fell to their lowest levels since May 20 after the Chinese jewelry upstart forecasted its net profit for the first half of 2025 would increase between 279% and 288% year over […]
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Where is Nvidia? Chinese rivals take the limelight at major AI event in Shanghai
Key Points U.S. chip giant Nvidia didn’t have a booth at the World AI Conference that opened Saturday in Shanghai. Its China rival, Huawei, had a large display — focused on its Ascend AI chips — near the venue’s entrance. Tesla, Google, Amazon Web Services and Siemens were among the U.S. and European companies with […]
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Alibaba to launch AI-powered glasses creating a Chinese rival to Meta
Alibaba announced plans to release a pair of smart glasses powered by its AI models. The Quark AI Glasses are Alibaba’s first foray into the smart glasses product category. Alibaba Alibaba on Monday unveiled a pair of smart glasses powered by its artificial intelligence models, marking the Chinese firm’s first foray into the product category. […]
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Chinese AI firms form alliances to build domestic ecosystem amid U.S. curbs
China’s artificial intelligence companies have announced two new industry alliances with the aim of developing a domestic ecosystem. Vertigo3d | E+ | Getty Images China’s artificial intelligence companies have announced two new industry alliances, aiming to develop a domestic ecosystem to reduce dependence on foreign tech as they seek to cope with U.S. export restrictions on advanced Nvidia chipsets. The announcements […]
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U.S. trade deal offers initial relief but leaves Europe on the backfoot
US President Donald Trump (R) and European Commission President Ursula von der Leyen (L) speak to the press after agreeing on a trade deal between the two economies following their meeting, in Turnberry south west Scotland on July 27, 2025. Brendan Smialowski | Afp | Getty Images After an initial sigh of relief at the […]
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European stocks set to rise after the U.S. and EU strike trade agreement
Heineken beats profit expectations Heineken posted a beat on first-half operating profit, coming in at just over 1.4 billion euros ($1.6 billion). The brewer is backing its guidance for the year, saying it expects organic profit to grow between 4-8%. — David Martin Fri, Jul 25 20251:45 AM EDT Opening calls Good morning from London. […]
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How the ultra wealthy travel in Madrid
Madrid welcomes 10 million visitors every year, but only a privileged few get to experience the level of luxury often hidden behind closed doors, until now. In this episode of ‘First Class’, CNBC opens doors to hotels designed for royalty, how the uber-wealthy eat and shop, and we meet the people behind Madrid’s A-list experiences. […]
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