World
UK inflation surges to hotter-than-expected 3.5% in April
A customer looks at goods on a shelf in a supermarket on January 15, 2025 in London, England. Dan Kitwood | Getty Images News | Getty Images The U.K.’s annual inflation rate hit 3.5% in April, coming in above analyst expectations, according to data released by the Office for National Statistics (ONS) on Wednesday. Economists […]
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Nvidia says U.S. export controls on AI chips to China were ‘a failure’
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., during the Computex conference in Taipei, Taiwan, on Tuesday, May 20, 2025. Annabelle Chih | Bloomberg | Getty Images U.S. export controls on artificial intelligence chips to China were “a failure”, Nvidia Chief Executive Jensen Huang said on Wednesday. “All in all, the export control […]
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S&P 500 futures are little changed after benchmark snaps six-day win streak: Live updates
Traders work on the floor of the New York Stock Exchange (NYSE) on May 19, 2025 in New York City. Spencer Platt | Getty Images News | Getty Images S&P 500 futures wavered early Wednesday following a losing session on Wall Street that snapped a winning streak. Futures tied to the broad index shed 0.3%, […]
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CNBC’s The China Connection newsletter: A fragile truce as tempers flare
Containers pile up at Taicang Port Container Terminal in Suzhou City, Jiangsu Province, China, on May 18, 2025. Nurphoto | Nurphoto | Getty Images This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business […]
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Japan’s farm minister said he has never had to buy rice. That cost him his job
Japan’s farm minister Taku Eto responds to questions from media after submitting his resignation to Prime Minister Shigeru Ishiba at the prime minister’s office in Tokyo on May 21, 2025. Str | Afp | Getty Images Japan’s farm minister Taku Eto stepped down on Wednesday, domestic media reported, following public outrage over his comments on […]
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Asia-Pacific markets mostly rise after Wall Street rally pauses
Pedestrians walking across a crowded traffic at Shibuya crossing square in Tokyo, Japan. Jaczhou | E+ | Getty Images Asia-Pacific markets traded mostly higher Wednesday after Wall Street halted its six-day win streak. Japan’s benchmark Nikkei 225 slipped 0.23% after the country reported that exports slowed for a second straight month as the country reels […]
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Japan exports growth slows for a second straight month as U.S. tariffs bite
Vehicles awaiting shipment are parked at a port on March 27, 2025 in Yokohama, Japan. U.S. Tomohiro Ohsumi | Getty Images Japan exports growth slowed for a second straight month, government data showed Wednesday, as the country reels under U.S. President Donald Trump’s sweeping tariffs. Exports growth of 2% was in line with Reuters-polled analysts’ […]
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‘Fail fast, learn fast’: She built a property startup from her garage. It’s raised over $75 million
Dayu Dara Permata, 36, is the co-founder and CEO of Indonesian property transaction platform Pinhome. Courtesy of Pinhome It’s no secret that building a successful startup often involves risk, iteration and failure. Dayu Dara Permata knows this well. The 36-year-old is the co-founder and CEO of Indonesian property transaction platform Pinhome. Over the course of […]
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South Korea vows support for biopharmaceutical, auto sectors over US tariffs
Vehicles produced by South Korean automaker Kia Motors are lined up ready to be shipped at the company’s shipping yard at the Port of Pyeongtaek on April 03, 2025 in Pyeongtaek, South Korea. Chung Sung-Jun/Getty Images South Korea’s government pledged on Wednesday more support measures for key export industries, including the biopharmaceutical and auto sectors, which are expected to be hit by […]
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Elon Musk says AI could run into power capacity issues by middle of next year
Elon Musk interviews on CNBC from the Tesla Headquarters in Texas. CNBC Elon Musk said Tuesday that artificial intelligence development could run into power generation problems by the middle of next year, as the technology industry builds increasingly large data centers. Musk told CNBC in an interview that his artificial intelligence startup xAI is planning […]
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