World
‘Third parties’ should not interfere in Taiwan’s dealings with the EU, Taiwan minister says
China should not interfere with commercial dealings between Taiwan and the European Union especially when increased economic resilience between the two sides contribute to the benefit of the global economy, a senior Taiwan minister told CNBC. Taiwan would pursue a new free trade agreement with the EU should high-level talks with the bloc over the […]
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Russia-Ukraine war hits 100th day; Moscow starts military drills in the Pacific. Follow our live updates
Russia controls over 90% of Luhansk, but no original goals have been achieved: UK MoD On the 100th day of Russia’s war in Ukraine, which the Kremlin still terms its “special military operation,” Russian forces made significant territorial gains in the country’s eastern Donbas, now controlling more than 90% of Luhansk. “Russia is now achieving […]
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Hedge fund manager Dan Niles explains why we are still in a bear market rally
Hedge fund manager Dan Niles believes U.S stocks are in a bear market and could still see further volatility ahead — despite some brief rallies. Here’s how he’s trading the bear market. U.S. stocks have endured a torrid sell-off this year amid a troubling macro backdrop and an increasingly negative corporate outlook. Trading in U.S. […]
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Crypto firms say thousands of digital currencies will collapse, compare market to early dotcom days
With more than 19,000 virtual currencies in existence, the cryptocurrency industry has likened the current state of the market to the early years of the internet. Industry players said however that most of these coins will collapse. Nurphoto | Getty Images Several cryptocurrency industry players have told CNBC that thousands of digital tokens are likely […]
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After the crypto crash, here’s what industry experts are waiting for next
A visual representation of Bitcoin cryptocurrency. Edward Smith | Getty Images Cryptocurrency companies dominated the main street at the World Economic Forum in Davos this year, a notable difference between this edition and the last one in 2020. The high-profile presence from the industry came even as the cryptocurrency market crashed. It was sparked by […]
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Russia’s war on Ukraine could shake up global trade blocs. Here are the winners and losers
Aerial view of shipping containers and cranes at Qingdao Port on May 30, 2022 in Qingdao, Shandong Province of China. Han Jiajun | Visual China Group | Getty Images First, it was the pandemic. Then came the Russia-Ukraine war. With two major global crises back-to-back, there could be some lasting changes in supply chains and […]
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South Korea to lift quarantine requirement for non-vaccinated foreign arrivals
Arriving passengers are assisted by quarantine workers in an arrival hall at Incheon International Airport in Incheon, South Korea, on Monday, March 21, 2022. South Korea’s prime minister on Friday said the country will lift its quarantine requirement for foreign arrivals without vaccination from June 8 and also start lifting aviation regulations imposed for international […]
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Biden calls on Congress to act on gun control, saying hospitals and schools have become ‘killing fields’
President Joe Biden laid out specific actions he wants Congress to take on gun control legislation on Thursday, calling Republican congressional opposition to the measures “unconscionable.” In what the White House billed as a major address on gun control legislation, Biden once again pleaded with Congress to act. “I support the bipartisan efforts that include a small […]
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Dan Niles sees more pain in tech — and reveals an opportunity in the sector
Tech stocks may have already suffered a massive sell-off this year, but hedge fund manager Dan Niles thinks there could be even more pain ahead for the sector. He tells CNBC why and reveals where he sees an opportunity in the sector. Tech stocks have taken a drubbing this year as market volatility worsened and […]
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Asia-Pacific stocks set for higher start after overnight Wall Street jump
SINGAPORE — Shares in Asia-Pacific looked set for a positive Friday start following gains overnight on Wall Street. Investors will also be looking ahead to the release of U.S. jobs data for May. Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 27,770 while its counterpart in […]
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