World
Former French President Sarkozy handed 5-year jail term in stunning downfall
Former French president Nicolas Sarkozy arrives for the verdict in his trial for illegal campaign financing from Libya for his successful 2007 presidential bid, at the Tribunal de Paris courthouse in Paris, on September 25, 2025. Julien De Rosa | Afp | Getty Images Former French president Nicolas Sarkozy was sentenced to five years in […]
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European banks seize on region’s nascent stablecoin market with new launch
A growing number of voices have warned about the impact that a “run” on stablecoins could have on traditional financial markets. Just_super | Istock | Getty Images Plans by a consortium of European banks to launch a new stablecoin could draw the region’s crypto-averse investors into the digital assets fold — and potentially speed up […]
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Starbucks to close stores, lay off workers in $1 billion restructuring plan
In the message to employees Thursday, Niccol said the company had reviewed and identified stores where the company would be “unable to to create the physical environment our customers and partners expect, or where we don’t see a path to financial performance.” Starbucks executives had previously said that the company would be slowing new openings […]
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Jobless claims tumble to 218,000, well below estimate despite fears of labor market weakness
Initial claims for unemployment insurance were well below expectations last week, helping to douse caution at the Federal Reserve and elsewhere that the labor market is in danger. First-time filings for the week ending Sept. 20 totaled a seasonally adjusted 218,000, down 14,000 from the prior week’s upwardly revised figure and significantly less than the […]
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CNBC’s Inside India newsletter: From American Dream to Indian Dream
This report is from this week’s edition of CNBC’s “Inside India” newsletter, which brings you timely, insightful news and market commentary on the emerging powerhouse. Like what you see? You can subscribe here. The big story Lately, every move out of Washington seems to send aftershocks straight to New Delhi. The latest shake-up? A $100,000 one-time […]
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Swiss central bank says tariffs are a ‘major challenge’ as deal with U.S. remains elusive
The Swiss National Bank (SNB) in Bern, Switzerland, on Thursday, Dec. 12, 2024. Stefan Wermuth | Bloomberg | Getty Images The Swiss National Bank said Thursday that tariffs on goods to the U.S. present a “major challenge” for exporters, with its economy set to take a hit. The country has swallowed some of the highest […]
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British AI firm Nscale raises $1.1 billion in Nvidia-backed funding round
A Nvidia RTX PRO 6000 Blackwell Server Edition on display during VivaTech 2025 tech conference in Paris, France. Chesnot | Getty Images British artificial intelligence infrastructure firm Nscale is raising heaps of cash as it looks to ramp up the deployment of AI data centers across Europe. Nscale, which is based in London, said Thursday […]
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H&M shares jump 10% on third-quarter sales beat as turnaround takes pace
Shares of H&M jumped on Thursday after the high street retailer posted better-than-expected results in the fiscal third quarter, and its turnaround strategy showed signs of gaining pace. Shares were up 10% by 8:48 a.m. London time (3:20 a.m. ET). Operating profit at the fashion retailer rose 40% year-on-year to 4.9 billion Swedish krona ($522 million), […]
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European stocks open lower ahead of U.S. jobs data; H&M surges on earnings beat
Europe-listed stocks opened lower on Thursday, as investors await the latest U.S. jobs data. The pan-European Stoxx 600 was 0.6% lower by 8:14 a.m. in London (3:14 a.m. ET), with most sectors in negative territory. Retail was a bright spot, with the Stoxx Europe 600 Retail index adding 0.6% in early trade. Fashion retail giant […]
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CNBC Daily Open: U.S. tech shares pull back amid growing AI bubble worries
Traders work on the floor of the New York Stock Exchange during morning trading on Sept. 17, 2025 in New York City. Michael M. Santiago | Getty Images Individual equities and separate sectors popped Wednesday, but collectively, their moves weren’t forceful enough to lift indexes. Beleaguered American chipmaker Intel is finding itself in slightly less […]
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