Month: September 2025
Chinese driverless tech startup Momenta is raising funds at a roughly $6 billion valuation
A car equipped with Momenta technology on display at the IAA Mobility show in Munich, Germany in September 2025. Arjun Kharpal | CNBC Momenta, a Chinese driverless technology startup, is raising a fresh round of funding that could value the company at around $6 billion, two people familiar with the matter told CNBC. The valuation […]
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Family offices prefer to bet on AI boom with stocks versus startups and VC funds
Young Asian woman holding smartphone with a computer generated background. Innovation, metaverse and futuristic concepts. Oscar Wong | Moment | 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 editions, straight to your inbox. Investment […]
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Why Trump’s 100% drug tariffs could hit Asia and Europe very differently
Global pharmaceutical stocks sold off on Friday, as markets reacted to news of 100% tariffs on branded and patented drugs imported into the United States, but significant moves lower haven’t been across the board. While Asia Pacific-listed shares in the sector saw notable falls — with some stocks tumbling more than 5% — the reaction […]
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How Google shifted from a bastion of accurate information to a steward of free expression
Google CEO Sundar Pichai waves as he arrives to attend the Artificial Intelligence (AI) Action Summit at the Grand Palais in Paris, France, February 11, 2025. Benoit Tessier | Reuters Google long touted the need for factually accurate information on its platforms, but a letter submitted to Congress this week demonstrates how the tech company […]
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‘A broken business’: The company behind the makeover of bankrupt retailer Claire’s
People walk by a Claire’s store on December 11, 2024 in San Rafael, California. Justin Sullivan | Getty Images Claire’s is headed for a major makeover. The tween retailer, known for its ear piercing stations, jewelry and purple carpeting, declared bankruptcy in early August, the second time in seven years, citing nearly $500 million in […]
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China’s Xiaomi is planning a next-gen phone chip, but won’t release one yearly like Apple
In this photo illustration, the logo of Xiaomi’s XRing O1 chipset is seen on May 19, 2025 in Beijing, China. Xiaomi CEO Lei Jun announced on the evening of May 15 that the company’s self-developed smartphone SoC, XRING 01, will be officially launched in late May. Vcg | Visual China Group | Getty Images Chinese […]
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China stays conspicuously quiet after Trump’s TikTok deal declaration
Following U.S. President Donald Trump’s approval of a deal that could keep TikTok alive in the U.S. on Thursday, China has remained conspicuously quiet — a notable silence as Beijing still can ultimately decide the app’s fate. Chinese state media remained silent about the deal, while social media discussion was limited. One state-affiliated Weibo account […]
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European pharma stocks fall after Trump slaps 100% tariffs on medicine imports
Stocks listed in Europe were broadly higher on Friday, as investors assessed the latest trade policy announcements out of the White House. The pan-European Stoxx 600 index was up by 0.2% by around 10:00 a.m. London time (5 a.m. ET), with most sectors in positive territory. The Stoxx Europe 600 Healthcare index saw rocky trade […]
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How Canadian apparel brand Arc’teryx’s bold campaign spiraled into a PR cautionary tale
SHANGHAI, CHINA – MARCH 27, 2025 – Pedestrians walk past a ARC’TERYX flagship store in Shanghai, China on March 27, 2025. Cfoto | Future Publishing | Getty Images Canadian outdoor apparel brand Arc’teryx’s bold fireworks campaign at the foothills of the Himalayas last Friday was meant to promote its commitment to nature. Within days, it […]
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Fintech Checkout.com’s valuation falls to $12 billion
Guillaume Pousaz, CEO and founder of payment platform Checkout.com, speaking at the annual Web Summit technology conference in Lisbon, Portugal, in 2022. Horacio Villalobos | Getty Images LONDON — Fintech unicorn Checkout.com is giving staff a way of cashing in their shares: buying them out. The London-headquartered payments platform said Friday that it plans to […]
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