CNBC’s Ted Kemp clarifies how The Team of 7 wealthy nations’ selling price cap on Russian oil will lower the value Moscow can get from any purchaser, no matter if they’re component of the rate cap settlement or not.
The G-7’s ‘price cap’ will hurt Russian oil — and it almost certainly will not matter if China and India indication on
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CNBC’s The China Connection newsletter: Why Sam’s Club is in a sweet spot as China faces consumption worries
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story Latest data from China showed a key gauge on consumption falling to its weakest level in nearly three years. But it does not capture the […]
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UK inflation falls sharply to 3.2% in November, fueling likelihood of Christmas rate cut
Shoppers walk past shops on Regent Street on the final weekday before Christmas in London on December 22, 2023. Henry Nicholls | Afp | Getty Images The U.K.’s inflation rate cooled sharply to 3.2% in November, boosting the chances of the Bank of England cutting interest rates at its final meeting of the year on […]
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‘Orwellian’: Ben & Jerry’s founder tells CNBC he’s alarmed by Magnum’s board overhaul
(L-R) Ben Cohen and Jerry Greenfield, co-founders of Ben & Jerry’s, partnered with MoveOn to hand out free ice cream at Franklin Square in Philadelphia during their Scoop The Vote tour to get-out-the-vote for Vice President Kamala Harris and Democrats down the ballot on September 16, 2024 in Philadelphia, Pennsylvania. Lisa Lake | Getty Images […]
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