World
Russia cuts key interest rate to 14%, says inflation could hit 23% this year
Russia’s President Vladimir Putin (L) and Russian Central Bank Governor Elvira Nabiullina Alexei Nikolsky\TASS via Getty Images However, with the ruble now returning to pre-war levels, policymakers are turning their attention to recalibrating the economy in an effort to absorb the impact of punitive sanctions from international powers. “The external environment for the Russian economy […]
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Euro zone inflation hits record high for the sixth month in a row
Inflation in the euro zone remains well-above the ECB’s target, as energy and food prices soar. Bloomberg | Bloomberg | Getty Images Inflation in the euro zone has hit a record high for the sixth consecutive month, sparking further questions over how the European Central Bank will react. Headline inflation in the 19-member region reached […]
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The Bank of Japan may have limited tools to deal with the weak yen, but that’s not its focus
The Bank of Japan may be limited in its ability to deal with recent weakness in the yen, but experts who spoke with CNBC noted the currency is not really the central bank’s main focus anyway. The Japanese yen went above 130 against the dollar on Thursday after the BOJ reiterated its ultra-easy monetary policy […]
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It’s almost impossible for Europe to replace Russian gas in the short-term, OMV CEO says
Alfred Stern, CEO of OMV, said the energy company is “trying to find sanction-conformed solutions” after Russia demanded payment for gas in rubles. Source
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Top autos CEO warns of battery supply scarcity as EV competition heats up
In 2021, Volvo Cars said it planned to become a “fully electric car company” by the year 2030, a move which will require it to have a consistent and secure supply of batteries for its vehicles. Peerapon Boonyakiat /SOPA Images | LightRocket | Getty Images The new CEO and president of Volvo Cars has predicted […]
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South Korea to lift outdoor mask mandate starting next week
People wearing face masks walk through a railway station in Seoul on Feb. 18, 2022. Prime Minister Kim Boo-kyum announced on Friday South Korea will lift an outdoor face mask mandate starting next week. Jung Yeon-je | Afp | Getty Images South Korea said on Friday it will lift an outdoor face mask mandate next […]
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Elon Musk sold around $4 billion worth of Tesla shares
Elon Musk, founder of SpaceX and chief executive officer of Tesla, waves while arriving to a discussion at the Satellite 2020 Conference in Washington, D.C., on Monday, March 9, 2020. Andrew Harrer | Bloomberg | Getty Images Elon Musk sold roughly $4 billion worth of Tesla shares, according to filings with the Securities and Exchange […]
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Is the SPAC boom over? Deals in Singapore and Hong Kong appear to be fizzling out
It’s been a slow and cautious start for SPACs that launched in Hong Kong and Singapore in recent months. George Rose | Getty Images, Reuters It’s been a slow and cautious start for SPACs that launched in Hong Kong and Singapore in recent months — in stark contrast to last year’s SPAC boom in the […]
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Want to retire early? Here’s where the pros say to invest to make it happen
Three experts gave CNBC the lowdown on how to invest if you want to retire within the next 10 years. Source
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‘This is what you live for’: Top tech analyst says buy the dip on these high-quality stocks
Investors can get “high quality assets that are trading 20% off,” tech analyst Mark Mahaney says, revealing his top picks. Source
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