World
Apple and Google’s massive mobile empires face dual UK antitrust probes
Omar Marques | Lightrocket | Getty Images LONDON — Britain’s competition regulator on Thursday launched an investigation into Apple and Google’s huge mobile ecosystems to determine whether the tech titans are in breach of the U.K.’s strict new digital competition rules. The U.K. Competition and Markets Authority said it was opening dual probes into both […]
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NATO chief ‘very happy’ with Trump’s sanctions threat to Russia
Mark Rutte, incoming secretary general of the North Atlantic Treaty Organization (NATO), during a transition ceremony at the NATO headquarters in Brussels, Belgium, on Tuesday, Oct. 1, 2024. Mark Rutte, the affable and meticulous former Dutch premier, has a daunting task ahead to keep the defense alliance a global force. Bloomberg | Bloomberg | Getty […]
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SAP CEO sounds rallying cry for Europe on AI
SAP CEO Christian Klein, pictured in May 16, 2024, says he would support a $500 billion Stargate Europe. Alex Grimm | Getty Images News | Getty Images U.S. President Donald Trump’s recently announced Stargate Project — a $500 billion investment in American AI infrastructure — should be a “wake-up call” for Europe, according to the […]
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China urges state-backed funds to buy more stocks amid market slump, falling bond yields
China’s financial regulators on Thursday unveiled a slew of measures to urge large state-owned mutual funds and insurers to purchase more shares, as Beijing seeks to bolster the faltering stock market. Big state-owned insurance firms are guided to raise the size and proportion of their investment in shares listed on the mainland, and to allocate […]
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Structural weaknesses in the German economy must ‘absolutely’ be addressed, finance minister says
It is crucial that Germany embarks on a period of economic growth, the country’s finance minister Jörg Kukies told CNBC on Thursday, adding that structural weaknesses must be addressed. “We’ve just gotten revised down growth forecasts for the IMF again,” Kukies told CNBC’s Karen Tso and Steve Sedgwick at the World Economic forum in Davos. “The structural […]
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WEF live blog: President Trump set to address WEF as the world looks for policy clues
Our audience in Europe can watch a live stream of our Davos coverage above. LONDON — Welcome to CNBC’s live blog covering Day 4 of the World Economic Forum in Davos, Switzerland. We’ll bring you all the latest news, views and action from WEF throughout the day. The big event on Thursday will be President […]
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Taiwan’s HTC to sell part of XR unit to Google for $250 million
An HTC Corp. smartphone is displayed inside an HTC store in Taipei, Taiwan. Bloomberg | Bloomberg | Getty Images Taiwan’s HTC said on Thursday it will sell part of its unit for extended reality (XR) headsets and glasses to Google for $250 million and transfer some of its employees to the U.S. company. The transaction is expected to close in the first quarter of […]
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CNBC Daily Open: The S&P stages a comeback
The S&P 500 shook off the December doldrums to touch a new intraday high of 6,100.81 on Thursday. It’s also just a hair away from its all-time closing high. Source
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South Korea fourth-quarter GDP grows at its slowest pace in six quarters, missing expectations
The Seoul skyline. Mongkol Chuewong | Moment | Getty Images South Korea’s economy expanded 1.2% year on year in the fourth quarter, marking its slowest expansion since the second quarter of 2023. Advance figures missed the 1.4% expansion expected by economists polled by Reuters, and the growth was also softer compared with the 1.5% rise […]
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Asia-Pacific markets open mixed as investors parse slew of economic data in the region
Aerial view of the capital city of Seoul in South Korea, seen at sunset. Tobiasjo | E+ | Getty Images Asia-Pacific markets opened mixed Thursday as investors assessed a slew of economic data in the region. Australia’s S&P/ASX 200 traded 0.42% lower at the open. Japan’s Nikkei 225 rose 0.38% at the open, while the […]
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