Month: October 2025
NBA looks to China for growth, renewing a foothold in its second-largest market
Michael Porter Jr. #17 of the Brooklyn Nets shoots the ball during practice and media availability as part of 2025 NBA Global Games China at Venetian Arena on October 9, 2025 in Macao, China. Ryan Stetz | National Basketball Association | Getty Images MACAO — The National Basketball Association returns to China for the first […]
Read More
Singapore police probe Nvidia customer Megaspeed over alleged China export violations
Singapore authorities are investigating artificial intelligence computing firm Megaspeed, a customer of American AI chipmaker Nvidia, for allegedly helping Chinese companies evade curbs on U.S. chip exports. “The Singapore Police Force confirms that investigations are ongoing into Megaspeed for suspected breaches of our domestic laws,” the police told CNBC in an email. The probe comes […]
Read More
Trump’s Fed chair candidates list narrowed down to five by Bessent after interviews, sources say
Key Points The list of candidates for Fed chair is down to five from 11 after a series of interviews with Treasury Secretary Scott Bessent, according to sources. The remaining list of candidates includes Fed Vice Chair for Supervision Michelle Bowman, Fed Governor Christopher Waller — along with Kevin Hassett, the director of the National […]
Read More
Inside the boardroom drama that is shaking up one India’s most powerful business empire
A dispute in the boardroom of Tata Trusts has shaken the Indian corporate world — and its tremors have reached Delhi. Tata Trusts is the philanthropic body that controls 66% of Tata Sons — the holding company of Tata Group’s 26 listed companies with a combined market cap of $368 billion. On Tuesday night, television channels in […]
Read More
Google search comes under renewed scrutiny in UK as competition watchdog flexes new powers
General view of the Google headquarters in King’s Cross as the tech giant faces a 5 billion pound lawsuit in the UK for allegedly abusing its online search dominance. Sopa Images | Lightrocket | Getty Images LONDON — Britain’s competition regulator on Friday activated new powers to regulate Google‘s search activities, putting the U.S. tech […]
Read More
Takaichi’s bid for Japan’s premiership jolted as Komeito quits ruling coalition, NHK reports
Japan’s Liberal Democratic Party (LDP) President Sanae Takaichi (R) and Komeito Party leader Tetsuo Saito attend a meeting of party leaders at the Diet in Tokyo on October 10, 2025. Str | Afp | Getty Images Japan’s Komeito political party is reportedly quitting the country’s ruling coalition led by the Liberal Democratic Party, a move […]
Read More
Israel approves Trump’s peace plan, clearing the way for a ceasefire in Gaza
Smoke rises after Israeli airstrikes targeted areas in the Gaza Strip despite the announcement of a cease-fire agreement, as seen from the Israeli city of Sderot near the border, on October 09, 2025. Anadolu | Anadolu | Getty Images Israel’s government on Friday approved a deal with the Palestinian militant group Hamas, paving the way […]
Read More
France is Europe’s new ‘bad boy.’ Could a technocratic government save it?
With its recent political turmoil and instability, France has been compared to Italy, replacing it as the new “bad boy” of Europe. Should France, then, take a page out of Italy’s book and consider a technocratic government? President Emmanuel Macron is expected to pick his new prime minister by Friday evening, after outgoing PM Sebastien Lecornu led […]
Read More
CNBC Daily Open: The rare earths must flow, but only with Beijing’s permission
A dump truck moves raw ore inside the pit at the Mountain Pass mine, operated by MP Materials, in Mountain Pass, California, U.S., on Friday, June 7, 2019. Joe Buglewicz | Bloomberg | Getty Images In the 1984 science fiction film Dune, Baron Vladimir Harkonnen uttered the famous quote that can aptly be used to […]
Read More
China’s property slump this year is looking much worse than expected, S&P says
Pictured here is construction on a real estate project in Huai’an City, Jiangsu Province, China on October 9, 2025. Cfoto | Future Publishing | Getty Images BEIJING — China’s real estate market is expected to fall more sharply than expected in 2025, extending an industry slump for a fifth-straight year and delaying hopes of a […]
Read More