World
Russia hits back at the EU’s partial oil embargo, says it will find other importers for its crude
The EU’s partial embargo covers Russian oil brought into the bloc by sea, with an exemption carved out for imports delivered by pipeline following opposition from Hungary. Attila Kisbenedek | Afp | Getty Images Moscow pledged to find other importers for its oil shortly after the world’s largest trading bloc agreed to impose a partial […]
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Unilever names activist investor Nelson Peltz to board
Nelson Peltz speaking at the 2019 Delivering Alpha conference in New York on Sept. 19, 2019. Adam Jeffery | CNBC Unilever named Nelson Peltz as a board member on Tuesday, as it engages in talks about strategy with the American activist investor who now holds a roughly 1.5% stake in the consumer goods giant. London-listed […]
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Dutch DSM and Swiss Firmenich join forces in cash and shares deal
Dutch specialty chemicals maker DSM on Tuesday said it would merge with Swiss peer Firmenich in a deal involving shares and cash, to become a leading supplier of food ingredients and beauty and well-being products. The companies said the merger, expected to be finalised in the first half of next year, could lead to an […]
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Top crypto firms go on the hunt for acquisition targets as market crashes
Two top cryptocurrency companies, Ripple and FTX, told CNBC that they’re on the lookout for acquisitions as the industry hopes to drive growth through buying other firms. It is a sign that some crypto firms feel that they’re large enough and well capitalized to splash the cash on acquisitions. Brett Harrison, president of cryptocurrency exchange […]
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Indian and Chinese stock markets could grow fourfold by 2050, Abrdn CEO says
A guard walks past the National Stock Exchange building in Mumbai, India, on February 9, 2018. Danish Siddiqui | Reuters Indian and Chinese stock market capitalization may grow fourfold by 2050 as Asia turns from “laggard to leader” in the climate transition, according to Abrdn CEO Stephen Bird. In a letter seen by CNBC marking […]
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Families will skip meals to deal with the cost-of-living crisis, UN special advocate says
The war between Russia and Ukraine — both major producers of food commodities and energy — has disrupted global production, trade and supply in these areas, leading to a surge in prices. Solstock | E+ | Getty Images Queen Maxima of the Netherlands has told CNBC that she is very worried about the impact of […]
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Oil prices jump after EU leaders agree to ban most Russian crude imports
EU leaders reached an agreement to ban 90% of Russian crude by the end of 2022. Joe Klamar | Afp | Getty Images Oil prices jumped after EU leaders reached an agreement late Monday to ban 90% of Russian crude by the end of the year. During Asia hours on Tuesday, U.S. crude futures were […]
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China’s factory activity falls at slower pace as Covid curbs ease
An employee operates a spinning machine at a textile factory on May 26, 2022 in China. China’s factory activity contracted at a slower pace in May as Covid-19 curbs in major manufacturing hubs were relaxed, but movement controls still depressed domestic demand, restrained production and weighed on the economy in the second quarter. Zhu Haipeng […]
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Investment banks pick their top stocks to buy in the ‘beaten down’ tech sector
Analysts at leading investment banks say a number of tech stocks present compelling buying opportunities right now — with some more than 30% off their 52-week highs. A storm of headwinds have hit tech stocks and investors are asking about names that are nearing the bottom, according to Bank of America . “Tech is facing […]
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Death toll from Brazil floods at least 91, with dozens lost
An aerial view from Olinda region of Recife after floods and landslides caused by heavy rains in Pernambuco, Brazil on May 29, 2022. Authorities in northeastern Brazil’s Pernambuco state said Monday that 91 deaths have been confirmed from flooding over the weekend, with more two dozen people still missing. Diogo Duarte | Anadolu Agency | […]
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