World
SoftBank-backed Indian EV startup Ola Electric pops 20% on debut valuing firm at $4.8 billion
Bhavish Aggarwal, Chief Executive Officer (CEO) of Ola Cabs and founder of Ola Electric speaks during a press conference ahead of the Initial Public Offer (IPO). Ashish Vaishnav | Sopa Images | Lightrocket | Getty Images Shares of Ola Electric surged 20% on their market debut on Friday, valuing the Indian electric vehicle startup at […]
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China’s Ningbo port reports explosion on container ship, state news agency says
An aerial photo is showing containers at Beilun Port in Ningbo, Zhejiang province, China, on April 11, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — One of China’s highest-traffic ports, Ningbo-Zhoushan in Zhejiang province, reported an explosion on board a container ship on Friday afternoon, according to state news agency Xinhua. No casualties or […]
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CVC consortium to buy UK investment firm Hargreaves Lansdown for $6.9 billion
A logo on the headquarters of Hargreaves Lansdown Plc in Bristol, UK, on Thursday, Aug. 8, 2024. Bloomberg | Bloomberg | Getty Images British investment firm Hargreaves Lansdown said on Friday it had agreed to a takeover offer equivalent to £5.4 billion ($6.9 billion) by a consortium including CVC Capital Partners. This is a breaking […]
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CNBC Daily Open: Fake breakout in small caps?
Traders work on the New York Stock Exchange (NYSE) floor on August 08, 2024 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 are. Like […]
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More than half of new cars sold in China are now electric or hybrid
BYD’s new luxury brand Yangwang is selling its first model, the U8, for more than 1 million yuan (US$160,000). CNBC | Evelyn Cheng BEIJING — For the first time in China, new energy vehicles have outsold traditional fuel-powered passenger cars on a monthly basis, according to China Passenger Car Association data for July. New energy […]
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Malaysia’s prime minister lauds country’s burgeoning chip hub status as Infineon opens new plant
Zafrul Tengku Abdul Aziz, Malaysia’s international trade and industry minister, from left, Muhammad Sanusi Md Nor, chief minister of Kedah state, Anwar Ibrahim, Malaysia’s prime minister, Jochen Hanebeck, chief executive officer of Infineon Technologies AG, and Rutger Wijburg, chief operating officer of Infineon Technologies AG, during the opening of the company’s site of a new […]
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News Corp considers selling Australia pay TV and streaming unit
Foxtel headquarters are seen at North Ryde on June 20, 2012 in Sydney. Cameron Spencer | Getty Images News | Getty Images Rupert Murdoch’s News Corp said it may sell Australian cable TV and streaming unit Foxtel after receiving an approach, a deal that would end its involvement in a high-overhead asset that has struggled […]
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CNBC Daily Open: Fake breakout?
Traders work on the New York Stock Exchange (NYSE) floor on August 08, 2024 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 are. Like […]
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China’s consumer prices pick up more than expected in July, up by 0.5%
China’s retail sales grew by 2% in June from a year ago. Data for July is due out Thurs. Aug. 15. Pictured here is a shopping mall in Beijing on Aug. 7, 2024. Pedro Pardo | Afp | Getty Images BEIJING — China’s consumer prices rose by a more-than-expected 0.5% in July from a year […]
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This hydrogen-powered aircraft could be the first to fly non-stop around the globe
The team behind Climate Impulse aims to showcase hydrogen’s value as an alternative fuel for air travel. But with many design issues to overcome and an entire industry to overhaul, the aircraft has a lot to prove. As the aviation industry looks to lower its carbon emissions, the race is on to find an alternative […]
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