World
Auto giants forced to confront some hard truths in the age of ‘polycrisis’
Western car giants are battling crises on multiple fronts, with declining profits , layoffs and widespread cost-cutting measures showing their strain. From rising production costs to U.S. tariffs , intense competition , supply chain disruptions and regulatory pressures , as well as a bumpy electric vehicle transition — top original equipment manufacturers (OEMs) are caught […]
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European stocks trade lower; JDE Peet’s shares jump 17%
The Euronext trading exchange building in La Defense business district, west of Paris, on April 7, 2025. Thomas Samson | Afp | Getty Images European markets were lower to start the new trading week Monday as investors assessed the economic outlook after hopes of a Federal Reserve interest rate cut were boosted Friday. The pan-European […]
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Orsted shares tumble 17% as U.S. government halts wind project construction
View of an offshore wind energy park during a press moment of Orsted, on Tuesday 06 August 2024, on the transportation of goods with Heavy Lift Cargo Drones to the offshore wind turbines in the Borssele 1 and 2 wind farm in Zeeland, Netherlands. Nicolas Maeterlinck | Afp | Getty Images Shares in wind farm […]
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Chinese households have amassed record savings. That’s now fueling a stock market boom
China’s stock market has been rallying to multiyear highs as trade tensions with the U.S. have eased for now. Fueling the bull run are ordinary Chinese households, flush with record savings and a fear of missing out. Mainland China’s benchmark CSI 300 is up nearly 22% since its April 7 low, following U.S. President Donald […]
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CNBC Daily Open: Expectations of Jerome’s rate cuts weren’t built in a day
A glimpse of a shadow of a suggestion that the Fed might start lowering interest rates again was enough to send U.S. stocks surging and Treasury yields falling. Source
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Singapore July inflation eases to cooler-than-expected 0.6% — lowest since Jan. 2021
The Merlion statue in the central business district of Singapore, on Tuesday, July 8, 2025. Bloomberg | Bloomberg | Getty Images Singapore’s inflation cooled to a lower-than-expected 0.6% in July, as the city-state braced for slower growth later this year. This was lower than the 0.7% expected by economists polled by Reuters, and was also […]
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From the ‘Big Stay’ to a ‘no-hire, no-fire’ freeze, labor markets are seeing sizable shifts
Casarsaguru | E+ | Getty Images Millions of workers left their jobs during the “Great Resignation” of the Covid-19 pandemic, but economic insecurity and uncertainty have once more turned the tides of the labor market toward the “Great Stay.” Economists coined the term to refer to fewer employees leaving jobs, and fewer employers hiring or […]
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South Korea parliament passes amended bill to target low equity valuations
Signage for the Hyundai Motor Co. annual shareholders meeting stands at the company’s headquarters in Seoul, South Korea. Bloomberg | Bloomberg | Getty Images South Korea’s parliament on Monday approved a bill that intends to increase the accountability of corporate boards to shareholders, as the ruling party-controlled parliament pushes reforms to boost the country’s equity valuations. […]
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Nio shares surge over 14%, extending gains for seventh session
NEW YORK, NY – SEPTEMBER 12: Logos for Chinese electric car company NIO are displayed at a trading post on the floor of the opening bell at the New York Stock Exchange (NYSE), September 12, 2018 in New York City. The Shanghai-based electric car company opened for trading at $6 per share. (Photo by Drew […]
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Vietnam starts mass evacuations, shuts airports as Typhoon Kajiki approaches
A man wearing a raincoat rides a bicycle on a road before Typhoon Kajiki makes landfall in Vietnam, in Nghe An province on August 25, 2025. Nhac Nguyen | Afp | Getty Images Vietnam has shut down airports, closed schools, and initiated mass evacuations as it prepares for the most powerful storm so far this year. […]
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