Year: 2025
SoftBank CEO says he’s ‘all in’ on OpenAI, reveals he’s long wanted Microsoft’s spot as main backer
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during the company’s annual general meeting in Tokyo, Japan, on Friday, June 27, 2025. Bloomberg | Bloomberg | Getty Images SoftBank is “all in” on OpenAI, CEO Masayoshi Son said on Friday, as the Japanese tech giant looks to realize its vision of […]
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China skirts U.S. sanctions as top buyer of Iranian oil — here’s how, and why that’s unlikely to change soon
An oil tanker is being pictured in the Persian Gulf near the seaport city of Bushehr, in Bushehr Province, southern Iran, on April 29, 2024. Morteza Nikoubazl | Nurphoto | Getty Images For years, China has been buying discounted Iranian oil in bulk, and the U.S. sanctions on Tehran have barely put a dent in […]
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UK auto production for May slumps to lowest level since 1949 as Trump tariffs hit hard
General view of Land Rover cars outside the Jaguar Land Rover factory on April 7, 2025 in Halewood, England. Richard Martin-roberts | Getty Images News | Getty Images U.K. vehicle production fell sharply for a fifth straight month in May, according to new figures, as headwinds including U.S. President Donald Trump’s trade policy hit the […]
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Why fund managers are loading up on defense stocks
Fund managers are getting more bullish on defense stocks, with recent conflicts in the Middle East, the Indian subcontinent as well as NATO allies’ pledges to raise defense spending boosting prospects of the arms industry. The sector has seen robust gains this year and analysts suggest the interest in defense will grow further. The MSCI […]
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Investing in Space: NATO holds out its hand to the commercial space sector
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. BRUSSELS, BELGIUM – DECEMBER 04: Logo of the NATO on December 04, 2024 in Brussels, Belgium. (Photo by Florian Gaertner/Photothek via Getty Images) Florian Gaertner | Photothek | Getty Images […]
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China’s industrial profits plunge 9.1%, steepest fall in seven months
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 industrial profits plunged 9.1% in May from a year earlier, in the latest sign that Beijing’s stimulus efforts are falling […]
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CNBC Daily Open: Wall Street is chill, cheeky and cruising
Jerry O’Callaghan, former chairman of JBS SA, center, speaks with a trader on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, June 25, 2025. Michael Nagle | Bloomberg | Getty Images I am Spriha Srivastava, CNBC International’s executive editor for digital, and I am writing to you today from […]
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Asia-Pacific markets track Wall Street gains after White House downplays tariff deadline
Aerial view of Osaka Skyline Nikada | E+ | Getty Images Asia-Pacific markets mostly rose Friday, tracking Wall Street’s gains after White House spokesperson Karoline Leavitt downplayed the impending start of the tariff deals, which have weighed on investor sentiment. July 8 is when the so-called liberation day tariffs are set to take effect after […]
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More Southeast Asians are flocking to China’s Chongqing city. Social media hype is a big reason
Chongqing, China. Jackyenjoyphotography | Moment | Getty Images A new trend is driving Southeast Asian tourists to China’s Chongqing city — viral social media clips of monorails running through a residential building, buildings perched atop hilly terrain, and a pedestrian bridge on the 13th floor. Flight bookings from Southeast Asia to Chongqing increased more than […]
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SpaceX crane collapse in Texas being investigated by OSHA
The SpaceX Starbase industrial complex and rocket launch facility in Boca Chica, Texas, US, on Thursday, April 17, 2025. Mark Felix | Bloomberg | Getty Images A SpaceX crane collapse at the company’s Starbase, Texas facility on Tuesday has prompted an investigation by the Occupational Safety and Health Administration, the federal agency told CNBC in […]
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