World
European markets start the week mixed; Richemont up 5%
European markets were mixed at the start of the new trading week, following positive momentum seen last week. The Stoxx 600 index was 0.02% higher at 8:15 a.m. London time. Mining stocks were up 0.88% as technology stocks fell 0.36%. Global markets got a boost last week after U.S. inflation data came in softer than […]
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Budget airline Ryanair posts record annual profit as passenger numbers soar above pre-Covid level
Low-cost carrier Ryanair on Monday reported its best-ever annual profit, as passenger and revenue growth offset sharply higher operating costs. The Dublin-based firm said full-year profit after tax jumped 34% to 1.92 billion euros ($2.09 billion), and announced a 700-million-euro share buyback program. Revenue rose 25% year-on-year to 13.44 billion euros as the airline served […]
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China sanctions Boeing, two U.S. defense contractors for Taiwan arms sales
Wang Wentao, China’s commerce minister, attends a news conference on the sidelines of the National People’s Congress in Beijing, China, on Wednesday, March 6, 2024. Bloomberg | Bloomberg | Getty Images China’s Ministry of Commerce announced sanctions against Boeing and two other defense companies Monday for arms sales to Taiwan, on the day of Taiwan’s presidential […]
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CNBC Daily Open: Dow at record high, Iran’s president dies in helicopter crash
Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2024 in New York City. Angela Weiss | AFP | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to […]
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CNBC Daily Open: Dow at record close, GameStop shares crash
Andriy Onufriyenko | Moment | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you need to know today Dow settles above […]
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Saudi king to be treated for lung inflammation, state news agency says
24 February 2019, Egypt, Sharm El-Sheikh: From left : Egyptian President Abdel Fattah el-Sisi, Saudi King Salman bin Abdulaziz Al Saud and European Commission President Jean-Claude Juncker pose for the family photo of the Arab League and European Union leaders during the European Union (EU) and League of Arab States (LAS) summit at the Sharm […]
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This 35-year-old turned a local Indonesian coffee stall into a unicorn startup — today it brings in $100 million a year
In college, Edward Tirtanata had a brewing love for coffee, so much so that he’d order “one huge cup” every day from either Dunkin’ Donuts or 7-Eleven. Today, the 35-year-old CEO and co-founder of venture-backed unicorn coffee company Kopi Kenangan, still has his cup of joe daily — except that he’s upgraded it to three […]
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Taiwan’s new President Lai Ching-te has been sworn in
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Taiwan’s new president Lai Ching-te was sworn into office on Monday, after serving as Tsai Ing-wen’s vice president for the last four years. All eyes are on his inaugural speech. CNBC’s Emily Tan reports from Taipei. Source
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Didi co-founder Liu steps down after decade at the helm of Chinese ride-hailing company
Didi Global, the Chinese ride-hailing company, must face a lawsuit in a U.S. court claiming it defrauded investors by concealing and disobeying a Chinese government order to postpone its 2021 initial public offering until it resolved cybersecurity and privacy concerns. Bloomberg | Bloomberg | Getty Images Didi Global‘s co-founder Jean Liu has stepped down from […]
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Asia markets poised to climb ahead of China rate decision; key Japan data on deck this week
A man walks past the People’s Bank of China (PBOC) building on July 20, 2023 in Beijing, China. (Photo by Jiang Qiming/China News Service/VCG via Getty Images China News Service | China News Service | Getty Images Asia-Pacific markets mostly rose Monday to kick-start a week packed with economic data from across the region. China, […]
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