World
Germany to slash military aid budget in blow to Ukraine
A view of damaged building amidst rubble after the Russian missile attack in Myrnohrad, Donetsk Oblast, Ukraine on July 16, 2024. Jose Colon | Anadolu | Getty Images Germany is set to significantly reduce funds dedicated to strengthening partner states in the areas of security, defense and stabilization — a section of its budget which […]
Read More
UK plans law to prevent repeat of Liz Truss ‘mini-budget’ crisis that triggered bond sell-off
U.K. Prime Minister Liz Truss faces increasing pressure to resign. WPA Pool / Pool / Getty Images LONDON — The new U.K. government is on Thursday set to propose legislation to prevent “significant uncosted measures” from being announced without an analysis of their impact on public finances. The Labour government, which took power from the […]
Read More
Nokia shares slide 8% after posting lowest quarterly net sales figure since 2015
BARCELONA, SPAIN – FEBRUARY 26: A logo sits illuminated at the Nokia booth in the Mobile World Congress 2024 on February 26, 2024 in Barcelona, Spain. (Photo by Xavi Torrent/Getty Images) Xavi Torrent | Getty Images News | Getty Images Shares of Finnish telecom firm Nokia tumbled on Thursday after the company reported a 32% […]
Read More
Volvo Cars jumps 7% after reporting a record core operating profit
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 Shares of Volvo Cars rose sharply on Thursday after the company reported a jump in annual operating profit for the second quarter. By 9:04 […]
Read More
European Central Bank set to hold rates with inflation picture muddying demand for cuts
Christine Lagarde, president of the European Central Bank, at a rates decision news conference in Frankfurt, Germany, on March 7, 2024. Bloomberg | Bloomberg | Getty Images FRANKFURT — The European Central Bank is set to keep interest rates steady this week after cutting in June for the first time since September 2019. The hold […]
Read More
Asia chip stocks tumble amid news the U.S. may consider trade curbs
The moves from the U.S. came after Bloomberg on Wednesday reported that the Biden administration is thinking about clamping down on firms exporting their critical chipmaking equipment to China. Wong Yu Liang | Moment | Getty Images Chip stocks in Asia tumbled on Thursday following a tech selloff on Wall Street amid reports the U.S. […]
Read More
TSMC second-quarter profit beats expectations as AI chip boom continues
TSMC offices in San Jose, California, US, on Thursday, April 18, 2024. David Paul Morris | Bloomberg | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter, as demand for advanced chips used in AI applications continue to surge. Here are TSMC’s second-quarter results versus LSEG consensus […]
Read More
Olympic track and field gold medalists are about to receive prize money for the first time ever
Grant Fisher and Abdihamid Nur compete in the men’s 5000 meter final on Day Ten of the 2024 U.S. Olympic Team Track & Field Trials at Hayward Field on June 30, 2024 in Eugene, Oregon. Patrick Smith | Getty Images Sport | Getty Images World Athletics President Sebastian Coe defended his decision to pay prize […]
Read More
What would a second Trump presidency mean for China? Goldman Sachs weighs in
Chinese President Xi Jinping and former U.S. President Donald Trump in Beijing, China, in 2017. Artyom Ivanov | TASS | Getty Images BEIJING — If Donald Trump wins the U.S. presidential election, his plans for 60% tariffs on Chinese goods could be a “major downside growth risk” to China, according to Goldman Sachs. Chances of […]
Read More
CNBC Daily Open: Rising geopolitical risk
Traders work on the floor of the New York Stock Exchange during afternoon trading on April 09, 2024 in New York City. Michael M. Santiago | 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 […]
Read More