Year: 2025
Why Revolut’s journey to become a UK bank is taking so long
Key Points Revolut was granted a banking license with restrictions in July 2024 from the U.K.’s Prudential Regulation Authority (PRA). A year on, the fintech giant is still in a “mobilization” phase which limits the amount of customer deposits it can hold. Analysts say there are a number of reasons why Revolut’s authorization process is taking […]
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Big Tech split? Google to sign EU’s AI guidelines despite Meta snub
VCG | Visual China Group | Getty Images Google on Wednesday said it will sign the European Union’s guidelines on artificial intelligence, which Meta previously rebuffed due to concerns they could stifle innovation. In a blog post, Google said it planned to sign the code in the hope that it would promote European citizens’ […]
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In photos: Evacuations ordered in Japan, Hawaii and Russia after powerful quake triggers tsunami warning
Evacuations were ordered across the Pacific Ocean after a magnitude 8.8 earthquake struck off Russia’s Far Eastern Kamchatka Peninsula on Wednesday. Tsunami waves over 3 meters high were recorded in the Russian Pacific town of Severo-Kurilsk, with some waves reaching up to 5 meters, Russia’s RIA Novosti news agency reported on Wednesday, citing emergency services. […]
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Adidas slumps 9% as sportswear giant warns tariffs to drive up U.S. prices
Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California. Justin Sullivan | Getty Images Shares of Adidas fell Wednesday after the German sportswear giant flagged a double-digit million euro hit from U.S. tariffs in the second quarter and warned that current import levies will push up the cost of its […]
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Russia massive earthquake triggers tsunami warnings: Here’s what we know so far
The earthquake, which struck early Wednesday, triggered evacuation orders in Hawaii and Japan. Source
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Stock futures inch higher as investors analyze earnings, await Fed rate decision: Live updates
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., July 25, 2025. Jeenah Moon | Reuters S&P 500 futures inched higher early Wednesday, after the benchmark snapped a win streak that brought it to record highs, as investors analyzed earnings reports and awaited the Federal Reserve’s interest […]
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CNBC Daily Open: Time’s running out before April tariffs boomerang on China
Chinese Vice Premier He Lifeng leaves Lancaster House, on the second day scheduled for trade talks between the U.S. and China, in London, Britain, June 10, 2025. Toby Melville | Reuters The much-anticipated U.S.-China trade talks in Sweden turned out to be a letdown after they concluded Tuesday with no trade truce extension. Why? Any […]
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European stocks set to open higher as investors digest earnings season
L’Oreal warns the EU-U.S. trade deal would be costly L’Oreal missed second-quarter sales forecasts, posting a 2.4% increase, as growth in Europe slowed more than expected. The cosmetics group saw a small rebound in the U.S. and China, which helped to offset weakness in other regions. However, the company said it will push for exemptions […]
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CNBC’s UK Exchange newsletter: Strong Footsie, strong UK? Not necessarily
This report is from this week’s CNBC’s UK Exchange newsletter by Ian King. Like what you see? You can subscribe here. The dispatch Ian Holloway, one of the most eccentric managers in British football, is famous for his idioms and sayings. One of his most celebrated came when, in May 2004, his Queens Park Rangers team […]
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UBS posts better-than-expected quarterly profit
A logo of Swiss banking giant UBS in Zurich, on March 23, 2023. Fabrice Coffrini | Afp | Getty Images Swiss banking titan UBS on Wednesday beat expectations on the bottom line, as group invested assets soared on the back of increases in the lender’s global wealth management and corporate units. Net profitable attributable to […]
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