World
Trump’s 50% steel tariff could see prices tank in Europe — and soar in the U.S.
US President Donald Trump receives a gold helmet with his name on it during a visit to US Steel – Irvin Works in West Mifflin, Pennsylvania, May 30, 2025, to mark the ‘partnership’ between Nippon Steel and US Steel. Saul Loeb | AFP | Getty Images U.S. President Donald Trump surprised markets yet again with […]
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UK put on a war footing with defense overhaul — but is it too little, too late?
Britain’s Prime Minister Keir Starmer (C), Britain’s Defence Secretary John Healey (2nd R) and managing director of BAE Systems’ naval ships business Simon Lister (R) visit the BAE Systems’Govan facility, in Glasgow, on June 2, 2025. Britain announced it will build 12 new attack submarines as it unveiled a major defense review to deal with […]
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European autos stocks fall 2% as Trump’s 50% steel tariffs inflate EU trade tensions
Mid-morning market moves The mood in equities remains downbeat in Europe, with the regional Stoxx 600 index 0.25% lower at 10:30 a.m. U.K. time as investors eye the potential for escalating U.S.-EU tariffs. Autos stocks on the index are down 1.75%, technology stocks are down 1.2% and household goods are down 1%. Oil and gas […]
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As the TACO trade goes viral, another is gaining traction: ‘Anywhere But The USA’
“It’s become quite emotive,” one market watcher told CNBC. “Nobody wants to invest in an environment where the government might change its mind overnight.” Source
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Opposition party leader Lee Jae Myung leads in polls as South Korea votes for new president
Lee Jae-myung, the presidential candidate of the Democratic Party of Korea, poses for a photo after receiving a symbolic ticket for the ”Lee Jae-myung Train” from lawmaker Jang Kyung-tae during a campaign rally at Yongsan Station Plaza in Seoul, South Korea, on May 19, 2025. (Photo by Chris Jung/NurPhoto via Getty Images) Nurphoto | Nurphoto […]
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CNBC Daily Open: It’s a dicey matter to play ‘chicken’ in markets
U.S. President Donald Trump delivers remarks at U.S. Steel Corporation – Irvin Works in West Mifflin, Pennsylvania, U.S., on May 30, 2025. Leah Millis | Reuters When threatened, birds puff up their feathers to appear larger than they actually are, and squawk to signal aggression. On Friday, U.S. President Donald Trump suggested he would no […]
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The global economy faces many headwinds, but the aviation industry is expected to defy them
A Turkish Airlines plane landing from a park next to Los Angeles International Airport on Dec. 26, 2024. Mario Tama | Getty Images The global economy may be facing an uncertain 2025 in light of trade tensions and geopolitical conflicts, but there’s a bright spot that investors can take solace in: aviation. The profitability of […]
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Aussie firms Soul Patts and Brickworks’ $9 billion merger sends their shares rocketing
The Washington H Soul Pattinson logo is seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Stocks of Australian investment firm Washington H. Soul Pattinson, also known as Soul Patts, and its affiliate Brickworks surged after both companies announced a A$14 billion ($9 billion) merger. Shares of Soul Patts traded 13.78% […]
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Billionaire Razon to buy 60% stake in First Gen’s gas assets for $896 million
Filipino businessman Enrique K. Razon Jr. speaks during an interview. Bloomberg | Bloomberg | Getty Images Prime Infra, the infrastructure business arm of Filipino businessman Enrique K. Razon Jr., is buying 60% of the gas assets of First Gen Corp for 50 billion pesos ($896.44 million), the Philippine energy firm said on Monday. The parties have signed a term sheet, which shows another upcoming facility located in […]
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Polish conservative Nawrocki leads presidential vote
Karol Nawrocki casts his ballot in Warsaw, Poland on 1 June, 2025. Nurphoto | Nurphoto | Getty Images Eurosceptic Karol Nawrocki established a lead in Sunday’s presidential election in Poland, late exit polls showed, with the ballot seen as a test of the nation’s support for a pro-European course versus Donald Trump-style nationalism. A late exit poll by Ipsos […]
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