World
Lloyds first-quarter profit drops, sets aside $133 million for tariff impact
A Lloyds Banking Group Plc bank branch in London, UK, on Monday, Oct. 21, 2024. Bloomberg | Bloomberg | Getty Images Lloyds Banking Group’s profits fell 7% in the first-quarter, hit by higher costs and impairment charges, and it set aside 100 million pounds ($133 million) for the impact of trade tariffs imposed by U.S. […]
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Bank of Japan holds rates steady for second straight meeting as Trump tariffs threaten exports
The Bank of Japan (BOJ) headquarters in Tokyo, Japan, on Thursday, Oct. 31, 2024. The Bank of Japan kept its benchmark interest rate unchanged. Getty Images Japan’s central bank held its policy rate at 0.5% Thursday, for a second straight meeting, as U.S. President Donald Trump’s tariffs weighed on the country’s economic outlook. The move […]
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Spain’s antitrust body clears BBVA-Sabadell takeover, awaits government
Signage outside a Banco Bilbao Vizcaya Argentaria SA (BBVA), right, and a Banco Sabadell SA, left, bank branch in Barcelona, Spain, on Wednesday, May 1, 2024. Bloomberg | Bloomberg | Getty Images Spain’s competition watchdog CNMC approved on Wednesday the proposed acquisition of Banco Sabadell by its larger rival BBVA, though the combined lender will have […]
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This startup turns trash into designer objects — which have been featured in Vogue
Müll.Club’s rings are made from household plastics such black containers and gold lids, which make for a marbled effect. Müll.Club Fine art graduate Charlie Rudkin-Wilson’s homewares have been featured in the likes of Vogue magazine and her partners include luxury retailer Fortnum & Mason. But her coasters, rings and soap dishes aren’t made from precious […]
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Auto giants ditch financial guidance as industry reels from Trump tariff chaos
New vehicles displayed for sale at a General Motors Co. Chevrolet dealership in Miami, Florida, US, on Saturday, April 5, 2025. Bloomberg | Bloomberg | Getty Images European auto giants reported a sharp drop in first-quarter profit, and many suspended or cut full-year financial guidance, partially attributing the industry pain to U.S. President Donald Trump’s […]
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Ford kills project to develop Tesla-like electronic brain
Ford Motor has killed a program to develop next-generation electrical architecture – the brain of modern cars – that its executives have called pivotal to competing with electric-vehicle pioneers such as Tesla, three sources familiar with the matter told Reuters. Ford had invested heavily in the system, known internally as FNV4 (for fully-networked vehicle), to streamline vehicle-software functions. […]
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Airbus beats first-quarter forecasts, maintains targets
Employees work on a Rolls-Royce Trent 7000 engine for an Airbus SE A330neo aircraft at the Safran SA plant in Colomiers, France, on March 25, 2025. Bloomberg | Bloomberg | Getty Images Europe’s Airbus posted stronger-than-expected revenues and core profit for the first quarter and reaffirmed targets for the year, while stressing it was too early to […]
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Nvidia CEO Jensen Huang warns China is ‘not behind’ in AI
Nvidia CEO Jensen Huang said Wednesday that China is “not behind” in artificial intelligence, and that Huawei is “one of the most formidable technology companies in the world.” Speaking to reporters at a tech conference in Washington, D.C., Huang said China may be “right behind” the U.S. for now, but it’s a narrow gap. “We […]
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Nvidia gets a rare sell rating from Wall Street
All of the upside potential from artificial intelligence demand for Nvidia may already be priced into the stock, according to Seaport Research Partners. The firm initiated research coverage of the market bellwether and AI darling with a rare sell rating on Wednesday, alongside a $100 per share price target. Seaport’s forecast implies more than 8% […]
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The changing nature of crypto trading, according to Kraken’s co-CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Dave Ripley, co-CEO of Kraken, one of the world’s biggest cryptocurrency exchanges talks to CNBC’s Arjun Kharpal about the volatility in crypto markets, what President Donald Trump means for the industry and what new regulation in the U.S. could mean for global […]
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