World
Buyout firm L Catterton approaches Mattel with acquisition offer, Reuters sources say
The logo of US toy company Mattel is seen at the 72nd toy fair (Spielwarenmesse) in Nuremberg, southern Germany, on February 2, 2023. Christof Stache | AFP | Getty Images L Catterton, the private equity firm backed by luxury goods giant LVMH, has approached Mattel, the toy maker behind Barbie and Hot Wheels, with an […]
Read More
UK planned to spend 10 billion pounds on Rwanda asylum scheme, minister says
Britain in April struck up a £120 million ($148 million) deal with Kigali to send some migrants, who had reached the U.K. illegally by crossing the Channel in small boats from Europe, to live in Rwanda. Gareth Fuller – Pa Images | Pa Images | Getty Images Britain’s previous government had planned to spend 10 […]
Read More
Secret Service chief Kimberly Cheatle tells House ‘we failed’ Trump and others at rally shooting
Embattled Secret Service Director Kimberly Cheatle told a House panel on Monday that “we failed” to maintain the agency’s “solemn mission to protect our nation’s leaders” during the attempted assassination of former President Donald Trump on July 13. “We must learn what happened and I will move heaven and earth to ensure an incident like […]
Read More
Kamala Harris needs to win over her doubters and detractors, analysts say — and soon
Vice President Kamala Harris speaks during a political event at the Air Zoo Aerospace & Science Experience in Portage, Michigan, on July 17, 2024. Jeff Kowalsky | AFP | Getty Images The pressure is on Vice President Kamala Harris to turn around her political fortunes and win the Democratic Party’s nomination, analysts say, after U.S. President Joe […]
Read More
CNBC takes a tour of Ferrari’s new e-building
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC gained exclusive access to Ferrari’s HQ in Maranello, Italy, to explore the company’s new ventures into electrification. — Charlotte Reed, Vivi Vitalone, Ed Matthews and Itunu Olowookere contributed to this report. Source
Read More
Ryanair shares tumble 13% as budget airline reports 46% fall in quarterly profit, sees lower fares
A Ryanair passenger plane lands at Cologne/Bonn Airport. Thomas Banneyer | Picture Alliance | Getty Images Ryanair shares fell on Monday after the company said its quarterly profit after tax had fallen 46% and fares will be lower than expected in the summer months. At 10:18 a.m. London time, Ryanair shares were down 13.59%. The […]
Read More
Here’s why China was largely unaffected by Friday’s IT outage
BEIJING — While businesses in the U.S. and Europe woke up Friday to a global IT outage that disrupted airports and hotels, China went into its weekend largely unaffected. The issue traced back to a software update by Texas-based cybersecurity company CrowdStrike, which generates more than half its revenue from the United States. The company’s […]
Read More
Trump faces a tighter race with Kamala Harris set to replace Biden, experts say
US Vice President Kamala Harris holds a campaign event that is her seventh visit to North Carolina this year and 15th trip to the state since taking office in Fayetteville NC, United States on July 18, 2024. Peter Zay | Anadolu | Getty Images President Joe Biden’s endorsement of Vice President Kamala Harris as the […]
Read More
CNBC Daily Open: Biden drops out, endorses Harris
Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they […]
Read More
Delta flight cancellations from IT outage persist through the weekend, CEO apologizes
Travelers wait in line at a Delta Airlines counter at Ronald Reagan National Airport in Arlington, Virginia, on July 19, 2024. Airlines around the world experienced disruption on an unprecedented scale after a widespread global computer outage grounded planes and created chaos at airports. Ting Shen/Bloomberg via Getty Images Delta Air Lines CEO Ed Bastian […]
Read More