World
UK exports to the U.S. plunge by most on record as tariffs bite
Container ships at Felixstowe port in Felixstowe, UK, on Wednesday, April 9, 2025. Bloomberg | Bloomberg | Getty Images U.K. goods exported to the U.S. dropped by £2 billion ($2.71 billion) in April, figures published by the Office for National Statistics on Thursday showed, marking the biggest monthly decrease since records began in 1997. The […]
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UK economy shrank sharply in April as Trump tariffs and tax rises kicked in
U.S. President Donald Trump \with British Prime Minister Keir Starmer in the Oval Office at the White House in Washington, D.C., U.S., on Feb. 27, 2025. Kevin Lamarque | Reuters The U.K. economy shrank sharply in April as global trade tariffs and domestic tax rises kicked in, data showed Thursday. The latest monthly growth figures […]
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European stocks fall; FTSE 100 choppy after UK economy shrinks more than expected
UK assets steady after weak economic data The British pound was roughly flat against the U.S. dollar, though dipped 0.3% against the euro after the national statistics office said the U.K. economy contracted 0.3% in April while the country’s trade deficit widened. Stock Chart IconStock chart icon British pound/U.S. dollar. Yields on U.K. government bonds […]
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America’s uncertainty is Europe’s power play, CEOs tell CNBC
Europe’s top bosses are urging the continent to capitalize on recent volatility amid hopes U.S. exceptionalism is waning — and Europe can cash in. From Unicredit to Goldman Sachs, top European leaders told CNBC in exclusive interviews that Europe has a huge opportunity ahead. The numbers tell part of the story, with Europe’s Stoxx 600 up […]
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BP takeover speculation heats up as UAE oil giant ADNOC enters the fray for gas assets
BP logo is seen at a gas station in this illustration photo taken in Poland on March 15, 2025. Nurphoto | Nurphoto | Getty Images UAE oil giant ADNOC has joined the fray of firms said to be circling some of BP‘s highly prized assets, as takeover speculation for the embattled energy major kicks into […]
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CNBC Daily Open: Good news on U.S. trade and inflation isn’t lifting markets
A cargo ship at Qingdao Port in Shandong Province, China, on June 9, 2025. Cfoto | Future Publishing | Getty Images Consumer prices in the U.S. have been benign since February, and the May reading continues that trend, according to the Bureau of Labor Statistics’ consumer price index report released Wednesday. Meanwhile, the May jobs […]
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Tariffs are the biggest macroeconomic concern for two in three investors, poll finds
Mounting trade tensions and tariffs have become the single biggest worry for global investors, overshadowing all other economic risks, a new survey shows. Nearly two-thirds (63%) of institutional investors and wealth managers identified trade levies as the most significant macroeconomic concern impacting their strategy, according to a survey published by British investment manager Schroders. The […]
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Israel considering military strike on Iran, sources say
Benjamin Netanyahu, Prime Minister of Israel, arrives to greet Federal President Steinmeier before a meeting at the Prime Minister’s official residence in Jerusalem, Israel on May 13, 2025. Bernd von Jutrczenka | Picture Alliance | Getty Images Israel is considering taking military action against Iran — most likely without U.S. support — in the coming […]
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U.S. envoy plans to meet Iran’s foreign minister on Sunday, U.S. official says: Reuters
U.S. Middle East envoy Steve Witkoff at Diriyah Palace, in Riyadh, Saudi Arabia, February 18, 2025. Evelyn Hockstein | Reuters U.S. Special Envoy Steve Witkoff plans to meet Iranian Foreign Minister Abbas Araghchi in Oman on Sunday and discuss Iran’s response to a recent American proposal for a nuclear deal, a U.S. official said late on Wednesday. […]
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CNBC Daily Open: There’s progress on trade and U.S. inflation — but it’s harder to rely on such news
A man stocks shelves at a grocery store in Brooklyn on May 13, 2025 in New York City. Spencer Platt | Getty Images Consumer prices in the U.S. have been benign since February, and the May reading continues that trend, according to the Bureau of Labor Statistics’ consumer price index report released Wednesday. Meanwhile, the […]
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