World
Nestle flags further potential price hikes as tariffs, commodities weigh on margins
Kit Kat Chunky packaging are seen at a store in Poland on July 15, 2025. Nurphoto | Getty Images Swiss food giant Nestle said Thursday that prices for its KitKat bars and Nespresso coffee pods could rise further in the second half of this year, as U.S. tariffs risk exacerbating existing commodity price pressures. CEO […]
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China plans subsidy vouchers for seniors to ease strain on its aging population, drive consumption
BINZHOU, CHINA – JULY 11, 2021 – Senior citizens rest in Binzhou, East China’s Shandong Province, July 11, 2021. Cfoto | Future Publishing | Getty Images China is planning to offer subsidy coupons to seniors in a rare use of direct fiscal support as Beijing seeks to ease the financial strain on its aging population […]
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Tesla loses market share in Europe for sixth straight month as competition grows
Tesla car is seen in Krakow, Poland on June 11, 2025. Nurphoto | Nurphoto | Getty Images U.S. electric vehicle maker Tesla lost market share in Europe for the sixth straight month in June, according to the European Automobile Manufacturers Association, or ACEA, amid a broader regional dip in new car sales. Data published Thursday […]
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Private credit giants turn to Asia as funding gap widens in region
The private credit industry is ramping up its focus on Asia-Pacific, drawn by a combination of evolving capital markets and expanding funding gaps as traditional bank lending pulls back. The region is also fast emerging as a focal point for private credit investors seeking fresh opportunities outside of the more saturated markets of the U.S. […]
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This Indian pharma company sees a big opportunity in generic versions of weight-loss drugs
Dr. Reddy ‘s Laboratories is betting big on a new wave of growth fueled by a global demand for weight-loss drugs — by launching its own lower-cost version of semaglutide, the blockbuster ingredient behind Wegovy and Ozempic. The Indian pharmaceutical company plans to launch its generic version of the drug in 87 countries by 2026, […]
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Tensions simmer as Xi courts EU while Brussels demands trade rebalance
Chinese President Xi Jinping (3rd-L) speaks with President of the European Commission Ursula von der Leyen, President of the European Council Antonio Costa and High Representative for Foreign Affairs and Security Policy and Vice-President of the European Commission Kaja Kallas, during the opening remarks of the 25th European Union – China Summit at the Great […]
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Trump’s aluminum tariffs may be sparking a green recycling boom — unintentionally
Key Points President Donald Trump’s tariffs on aluminum imports are spurring growth in recycling as consumers try to avoid additional costs from duties. Recycling the metal consumes just 5% of the energy it takes to produce the same amount of primary aluminum through a smelter, making it more environmentally friendly. The strong dynamic could change […]
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CNBC Daily Open: Alphabet spends more on AI — but also earns more from it
Google CEO Sundar Pichai addresses the crowd during Google’s annual I/O developers conference in Mountain View, California on May 20, 2025. Camille Cohen | Afp | Getty Images Investors can have a reputation of being penny pinchers. For one, they tend to push up share prices on layoff announcements because of the associated cost savings. […]
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European stocks set to open higher on optimism that U.S.-EU trade deal is imminent
UK, India to sign trade agreement RIO DE JANEIRO, BRAZIL – NOVEMBER 18: UK Prime Minister Sir Keir Starmer (L) during a bilateral meeting with Prime Minister of India Narendra Modi as he attends the G20 summit at the Museum of Modern Art on November 18, 2024 in Rio de Janeiro, Brazil. Keir Starmer is […]
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Deutsche Bank posts quarterly profit beat amid uptick at its investment bank
Illustration shows the logo of Deutsche Bank Brussels, Saturday 25 March 2023. Nicolas Maeterlinck | Afp | Getty Images Deutsche Bank on Thursday beat expectations on the bottom line, as mixed results at main units saw an uptick in its investment unit offset a dip in corporate operations. Net profit attributable to shareholders reached 1.485 […]
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