Year: 2026
Supreme Court case on Trump bid to fire Fed Governor Lisa Cook set for oral arguments
Lisa Cook, governor of the US Federal Reserve, and U.S. President Donald Trump. Ting Shen | Bloomberg | Getty Images | Jonathan Ernst | Reuters The Supreme Court is set to hear oral arguments on Wednesday morning in a case over whether President Donald Trump has the power to fire Federal Reserve Gov. Lisa Cook […]
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U.S. still ‘the closest of allies’ with the UK despite rift, Finance Minister Reeves says
Rachel Reeves, UK Finance Minister, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC The U.S. remains the “closest of allies” with the U.K. despite a growing rift between the U.S. and Europe over the future of Greenland, Chancellor Rachel Reeves told CNBC […]
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UK inflation rises to 3.4% in December, above forecasts
A shopper browses fruit and vegetables for sale at an indoor market in Sheffield, UK. The OECD recently predicted that the UK will experience the highest inflation among all advanced economies this year. Bloomberg | Bloomberg | Getty Images The U.K. inflation rate rose to 3.4% in December, above forecasts of 3.3% from economists polled […]
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Chinese tech giants enter the ‘agentic commerce’ race as AI reshapes super apps
NANJING, CHINA – NOVEMBER 25: Aerial view of Alibaba Jiangsu Headquarters at night on November 25, 2025 in Nanjing, Jiangsu Province of China. (Photo by Fang Dongxu/VCG via Getty Images) Vcg | Visual China Group | Getty Images China’s technology giants are entering a new phase of the artificial intelligence race called ‘agentic commerce,’ as […]
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European stocks open lower as trade war fears send jitters through markets
This photograph taken on January 20, 2026 shows a general view of the town of Davos at nightfall during the World Economic Forum (WEF) annual meeting in Davos. The World Economic Forum takes place in Davos from Jan. 19 to Jan. 23, 2026. Ina Fassbender | Afp | Getty Images LONDON — European stocks opened […]
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Scott Bessent says U.S. is unconcerned by Treasury sell-off over Greenland, calls Denmark ‘irrelevant’
“Denmark’s investment in U.S. Treasury bonds, like Denmark itself, is irrelevant,” U.S. Treasury Secretary Scott Bessent told reporters at Davos on Wednesday. The “sell America” trade was in full swing Tuesday after President Donald Trump and European leaders escalated tensions over Greenland. U.S. stocks and bond prices tumbled, sending yields spiking. It comes as Trump’s threats to impose 10% tariffs on eight European countries as […]
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CNBC’s UK Exchange newsletter: A diplomacy tightrope for Britain’s Starmer after Trump’s tirades
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. The dispatch British diplomats have long prided themselves on the so-called “special relationship” with the United States. The phrase was coined by Winston Churchill, Britain’s inspirational wartime leader, when in March 1946 he famously described how an “iron curtain” had descended across […]
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Deutsche Bank declares ‘the honeymoon is over for AI’ — here’s why
Central banks and investment firms have warned of a sharp economic correction if AI disappoints investors. Now, Deutsche Bank says 2026 will be the hardest year yet for the technology. “AI will survive,” Adrian Cox and Stefan Abrudan, analysts at the investment bank, wrote in a Jan. 20 note titled “The honeymoon is over.” But […]
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India’s largest company is caught in geopolitical tensions. But it faces the biggest challenge at home
There could be 20% upside for Reliance Industries’ shares, according to Shrikant Chouhan of Kotak Securities. Sheldon Cooper | Sopa Images | Lightrocket | Getty Images India’s largest business group, Reliance Industries, has been battling geopolitical headwinds in its oil refining and, reportedly, in one of its new energy ventures. But those are not the […]
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EU plan to phase-out high-risk tech draws fire from China’s Huawei
The EU plans to phase out components and equipment from high-risk suppliers in critical sectors, according to a draft proposal released by Brussels on Tuesday – a move criticized by China’s Huawei, which is set to be among the companies affected. Sopa Images | Lightrocket | Getty Images The EU plans to phase out components and equipment from high-risk suppliers in critical sectors, according to a draft […]
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