Month: September 2025
China’s DeepSeek launches next-gen AI model. Here’s what makes it different
Anna Barclay | Getty Images News | Getty Images Chinese startup DeepSeek’s latest experimental model promises to increase efficiency and improve AI’s ability to handle a lot of information at a fraction of the cost, but questions remain over how effective and safe the architecture is. DeepSeek sent Silicon Valley into a frenzy when […]
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UBS says Swiss capital plan ‘disproportionate’, would weaken bank and economy
A sign in German that reads “part of the UBS group” in Basel on May 5, 2025. Fabrice Coffrini | AFP | Getty Images UBS <UBSG.S> on Tuesday said government plans for Switzerland’s biggest bank to hold more capital were “disproportionate” and “out of touch with reality”, as it stepped up its campaign against the […]
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UK PM Starmer prepares for critical address — and much is riding on what he says
British Prime Minister Keir Starmer touches his glasses during a press conference with U.S. President Donald Trump (not pictured) at the White House in Washington, D.C., U.S., Feb. 27, 2025. Brian Snyder | Reuters Seldom, if ever, can a British prime minister, barely a year into office and sitting on an enormous parliamentary majority, have […]
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European markets open lower as traders keep an eye on tariffs, U.S. political deadlock
A specialist trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Sept. 15, 2025. Brendan McDermid | Reuters LONDON — European stocks opened lower on Tuesday as investors kept an eye on U.S. President Donald Trump’s trade tariffs and more political deadlock in the U.S. European markets […]
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Australia keeps policy rate steady at 3.6% as inflation worries loom
Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a press conference in Sydney, Australia, on Tuesday, July 8, 2025. Bloomberg | Bloomberg | Getty Images Australia’s central bank expectedly held benchmark policy rates at 3.6% on Tuesday as inflation in the country stays at its highest level in more than a […]
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Taiwan should only produce half of America’s chips, says U.S. Commerce Secretary
A logo of the Taiwan Semiconductor Manufacturing Company (TSMC) displayed on a smartphone screen Vcg | Visual China Group | Getty Images The Trump administration is pushing Taipei to shift investment and chip production to the U.S. so that half of American demand is manufactured locally, in a move that could have implications for Taiwan’s […]
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China’s Zijin Gold surges over 60% in Hong Kong debut after world’s second-largest IPO this year
A sign outside the Serbia Zijin Mining complex, operated by Zijin Mining Group Co., in Bor, Serbia, on Thursday Aug. 24, 2023. Bloomberg | Bloomberg | Getty Images Zijin Gold shares surged over 60% Tuesday as the Chinese miner made its trading debut in Hong Kong following a strong initial public offering. The company had […]
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Trump sets 10% tariff on lumber imports, higher rates on wooden products
U.S. President Donald Trump signed a proclamation on Monday to set a 10% tariff rate on imports of lumber and 25% on vanities, kitchen cabinets and upholstered wooden products, the White House said. Andrew Harnik | Getty Images News | Getty Images U.S. President Donald Trump said on Monday he was slapping 10% tariffs on imported timber and lumber and 25% duties on […]
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China manufacturing activity picks up in September — official PMI still in contraction
A worker checks a finished vehicle on the production line for electric vehicle maker Zeekr at its factory on May 29, 2025 in Ningbo, China. Kevin Frayer | Getty Images News | Getty Images China’s official gauge for manufacturing activity showed a smaller-than-expected contraction in September as Beijing intensified its efforts aimed at curbing industrial […]
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CNBC Daily Open: A U.S. government shutdown could make Fed’s job harder
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference, following the issuance of the Federal Open Market Committee’s statement on interest rate policy, in Washington, D.C., U.S., Sept. 17, 2025. Elizabeth Frantz | Reuters After a seemingly unproductive meeting between lawmakers and U.S. President Donald Trump on Monday, the chances that the country’s […]
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