Month: August 2025
Investing in Space: All aboard the SpaceX Mars express
CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Sign up to receive future editions. A SpaceX Falcon 9 rocket with the Crew Dragon capsule Endeavour carrying the Crew-11 mission lifts off from Launch Complex 39A at NASA’s Kennedy Space Center in Florida on Aug. […]
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Germany’s Merz strikes sharp tone with Europe as he cozies up to Trump
German Chancellor Friedrich Merz is looking to redefine Germany’s voice in Europe and build a relationship with U.S. President Donald Trump — who many of Merz’s European colleagues do not see eye to eye with. The historically EU-friendly Merz, a former member of the European Parliament, now has a long list of complaints about the […]
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Why a landmark ruling from the world’s top court puts financial markets on notice
Vanuatu’s Climate Change Minister Ralph Regenvanu (C) delivers a speech as he attends a demonstration ahead of the International Court of Justice (ICJ) session tasked with issuing the first Advisory Opinion (AO) on States’ legal obligations to address climate change, in The Hague on July 23, 2025. John Thys | Afp | Getty Images Gripped […]
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China’s growth stumbles in July as retail sales, industrial output miss forecasts
SHANGHAI, CHINA – AUGUST 14, 2025 – Tourists are visiting the Bund in Shanghai, China on August 14, 2025. Cfoto | Future Publishing | Getty Images China’s economy lost momentum in July, with growth faltering across the board, as weak domestic demand persisted and Beijing intensified efforts to curb excess capacity. Retail sales last month […]
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New HK retail and travel behavior is impacting rail and shopping malls: MTR CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Jacob Kam, CEO of MTR discusses the rail operator’s post-earnings outlook, saying it expects a gradual improvement in patronage as Hong Kong attracts more sports and entertainment events. Source
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Shein’s UK sales jump 32% in 2024, fueling profit gains on Hong Kong IPO horizon
A shopper carries a bag with promotional merchandise while visiting fashion retailer Shein’s Christmas bus tour, in Manchester, Britain, December 13, 2024. Temilade Adelaja | Reuters Shein’s U.K. arm generated £2.05 billion ($2.77 billion) in sales in 2024, up 32.3% from 2023, according to a filing released on Friday. The online fast-fashion retailer’s pre-tax profit […]
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Netflix wanted to beat Disney in family animation. ‘KPop Demon Hunters’ is its best chance
“We want to beat Disney in family animation,” then Netflix CEO Reed Hastings said in an interview in September 2020. At the time, anyone would say that was a tall order. Disney has almost a century of experience of producing animated films, dating back to 1937’s “Snow White.” Since then, the studio has produced hits […]
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Japan’s economy expands more than expected in second quarter as net exports remain resilient
The Tokyo Tower stands amid buildings at dusk in Tokyo, Japan. Bloomberg | Bloomberg | Getty Images Japan’s economy expanded 0.3% in the second quarter of 2025 compared to the first three months of the year, beating forecasts despite tariff headwinds out of the United States. This was compared to the revised 0.1% growth seen […]
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Chicago Fed president wants to see a ‘few months of data’ on inflation to gauge economy’s health
What does a donut tell us about the state of the economy? Chicago Federal Reserve President Austan Goolsbee thought about that Wednesday as he toured Mel-O-Cream Donuts in Springfield, Illinois. Even inside a donut shop, the effects of tariffs on the economy can be seen. “It’s sort of surprising, because donuts seem like a very […]
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Asia markets open higher as investors await key economic data in the region
Here are the opening calls for the day Happy Friday from Singapore. Asia markets are set for a mixed open. Australia’s S&P/ASX 200 was set to start the day marginally lower with futures tied to the benchmark at 8,838, compared with the index’s last close of 8.873.8. Japan’s Nikkei 225 was set to open higher, […]
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