World
Trump administration emerges as a staunch defender of Germany’s far-right AfD
US Vice President JD Vance attends a meeting of the White House Task Force on the FIFA World Cup 2026, in the East Room of the White house in Washington, DC, on May 6, 2025. The soccer world championship will take place from June 11 to July 19, 2026, and will be hosted by the […]
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Musk-Altman AI rivalry is complicating Trump’s dealmaking in Middle East
Sam Altman, CEO of OpenAI, is seen through glass during an event on the sidelines of the Artificial Intelligence Action Summit in Paris, Feb. 11, 2025. Aurelien Morissard | Via Reuters Elon Musk tried to derail a major artificial intelligence infrastructure deal in the Middle East after learning that his startup, xAI, would be excluded […]
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Fed Chair Powell told Trump in Thursday meeting that rate decisions would be based on ‘non-political’ analysis
President Donald Trump met Thursday with Federal Reserve Chair Jerome Powell amid the president badgering the central bank for lower interest rates. The central bank confirmed in a release that the meeting occurred, stressing that the future path of monetary policy was not discussed. “At the President’s invitation, Chair Powell met with the President today […]
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Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products
Amazon CEO Andy Jassy speaks during an Amazon Devices launch event in New York City, U.S., February 26, 2025. Brendan Mcdermid | Reuters Amazon‘s devices unit has a new team tasked with inventing “breakthrough” consumer products that’s being led by a former Microsoft executive who helped create the Xbox. The ZeroOne team is spread across […]
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OPEC+ members could hike July oil production by 411,000 barrels per day: Sources
Oil prices eased on Tuesday as market participants weighed the possibility of an OPEC+ decision to further increase its crude oil output at a meeting later this week. Anadolu | Anadolu | Getty Images Eight oil-producing nations of the OPEC+ alliance could hike output by as much as 411,000 barrels per day in July, two […]
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Everyone is talking ‘TACO’ trade. Investors say don’t count on Trump chickening out
“Trump Always Chickens Out,” or TACO, is a gibe that has ruffled the U.S. president’s feathers, and investors have, by now, seen it happening enough times to know his playbook. The phrase, coined by a Financial Times columnist, refers to Donald Trump’s pattern of threatening steep tariffs that rattle markets, only to ease or postpone […]
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Four tools at the Trump administration’s disposal after a U.S. court blocks tariffs
US President Donald Trump prepares to sign executive orders in the Oval Office of the White House in Washington, DC, on May 23, 2025. Mandel Ngan | Afp | Getty Images U.S. President Donald Trump is expected to find a workaround after suffering a major blow to a core part of his economic agenda. The […]
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Sony says financial arm spin-off will secure fundraising capabilities
The logo of Japanese entertainment and electronics giant Sony is displayed at the company’s headquarters in Tokyo on May 14, 2025. Kazuhiro Nogi | Afp | Getty Images Sony’s CEO said on Thursday the spin-off of the financial services arm will secure that business its own fundraising capabilities. “It is significant that, through the spin-off, Sony (Financial Group) will secure its own fundraising capabilities while continuing to use the Sony brand and collaborate with Sony Group,” Sony CEO Hiroki Totoki said […]
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CNBC’s Inside India newsletter: India is set to be the world’s fourth-largest economy — but sustained growth will warrant more reforms
India is set to become the world’s fourth-largest economy. Dinodia Photo | Corbis Documentary | Getty Images This report is from the latest edition of CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary every week on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you […]
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European shares set to open sharply higher as U.S. judges put a halt to Trump’s reciprocal tariffs
Some European markets closed today The exterior of the Six Swiss Exchange in Zurich, Switzerland, on Aug. 22, 2019. Stefan Wermuth | Bloomberg | Getty Images Several European countries, including France, Belgium, Germany, Norway, the Netherlands and Switzerland, are observing the Christian holiday Ascension Day on May 29. Most major markets will be open for […]
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