World
Hunter Biden will change plea in tax case, lawyers tell judge
Hunter Biden, son of US President Joe Biden, arrives at court for his trail on tax evasion in Los Angeles, California, on September 5, 2024. Ringo Chiu | AFP | Getty Images A lawyer for Hunter Biden told a federal judge in Los Angeles there was no reason to proceed with the scheduled start of […]
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CNBC’s Inside India newsletter: Stocks had a record-breaking rally. What’s next?
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story Indian stocks reached dizzying heights this week with a record-breaking 14-day rally. Equities also […]
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Volvo Cars cuts margin and revenue aims after ditching 2030 electric vehicle target
A worker at a Volvo car store introduces the Volvo xc60 and other models via a live streaming in Shanghai, China, March 18, 2024. Cfoto | Future Publishing | Getty Images Volvo Cars on Thursday scaled back its margin and revenue targets, after announcing it was no longer targeting 100% all-electric vehicle sales by 2030. […]
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OPEC+ members delay plans to hike production by two months after oil price slump
A general view of signage at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) on Feb. 29, 2024 in Vienna, Austria. Thomas Kronsteiner | Getty Images News | Getty Images Members of the OPEC+ oil alliance have delayed plans to hike production by a scheduled 180,000 barrels per day in October, as […]
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Ticketmaster’s pricing for Oasis tickets is under investigation in the UK
In this photo illustration on social platform X, Oasis announce their reunion gigs for next summer on August 27, 2024 in London, England. Leon Neal | Getty Images Entertainment | Getty Images The U.K.’s competition watchdog has launched an investigation into the way tickets were sold for next year’s reunion concerts from iconic 1990s Britpop […]
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Honor steps up challenge to Samsung with launch of thin foldable phone
Honor launched the Magic V3 foldable smartphone in international markets as it steps up its challenge to Samsung. Honor Honor launched the Magic V3, its latest foldable smartphone, in international markets on Thursday as the Chinese tech company ramps up its challenge to Samsung in the fast-growing market. The handset, which has a screen that […]
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S&P 500 futures slide for a third day after weak ADP jobs data, tech shares lead decline: Live updates
S&P 500 futures declined Thursday and investors dumped risk assets as concerns mounted over the health of the U.S. economy. Futures for the S&P 500 dipped 0.1%, while Nasdaq 100 futures dropped 0.2%. Futures tied to the Dow Jones Industrial Average hovered near the flatline. Investors ditched popular technology and chipmaker stocks as economic worries […]
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AstraZeneca says staff detained in China amid reports of a drug-import investigation
The office building of biopharmaceutical company AstraZeneca is being seen in Shanghai, China, on May 23, 2024. Nurphoto | Getty Images Some employees of British pharmaceutical giant AstraZeneca have been detained by police in China as part of an investigation, the company confirmed Thursday. “We are aware a small number of our employees in China […]
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Former EU Brexit negotiator Michel Barnier named new French prime minister
BRUSSELS, BELGIUM – MARCH 05: European Union Chief Brexit negotiator Michel Barnier speaks during a conference after the first round of UK-EU negotiations in Brussels, Belgium on March 05, 2020. Anadolu Agency French President Emmanuel Macron has named Michel Barnier, the European Union’s former Brexit negotiator, as prime minister in a bid to end a […]
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A supersized Fed rate cut this month could be ‘very dangerous’ for markets, economist warns
Federal Reserve Chair Jerome Powell announces interest rates will remain unchanged during a news conference at the Federal Reserves’ William McChesney Martin Building in Washington, D.C., on June 12, 2024. Kevin Dietsch | Getty Images A deeper interest rate cut from the Federal Reserve this month could spook financial markets and send the wrong message […]
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