World
Russia struggles to respond to Ukraine’s incursion as advancing forces destroy key bridges and war potential
A soldier fixes a drone underground in a Ukrainian military position, and former Russian military position, in Ukrainian-controlled territory on August 18th 2024, in Kursk, Russia. Ukrainian forces operating in Russia’s Kursk Region have destroyed a second key bridge, the commander of the Ukrainian Air Force said, as they attempt to push further into Russia. […]
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Canada’s Couche-Tard makes preliminary bid for Japan’s Seven & i
7-Eleven logo is seen near the shop in Chicago, United States on October 18, 2022. Jakub Porzycki | Nurphoto | Getty Images Japan’s Seven & i, owner of the 7-Eleven convenience stores, said it has received a preliminary takeover offer from Canada’s Alimentation Couche-Tard, potentially the biggest purchase of a Japanese company by an overseas […]
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Beijing and Hollywood are decoupling as Chinese audiences favor domestic productions
Cosplayers pose for a photo in front of a life-size model of the new Marvel Universe movie “Deadpool & Wolverine,” authorized by Disney and seen in Shanghai, China, on July 26, 2024. Vcg | Visual China Group | Getty Images Hollywood blockbusters have dominated international box offices for decades, but in recent years, they have […]
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Goldman Sachs cuts odds of U.S. recession to 20% after retail and jobs data
Customers shop for groceries at a Walmart store in Secaucus, New Jersey, US, on Tuesday, March 5, 2024. Gabby Jones | Bloomberg | Getty Images Goldman Sachs has cut its probability forecast for a U.S. recession to 20% shortly after raising it, as fresh labor market data sparked a reassessment of market views on the […]
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Gold set for fresh highs ahead of Fed rate decision — analysts see prices at $3,000 by next year
An employee handles one kilogram of gold bullion at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Chalinee Thirasupa | Bloomberg | Getty Images Gold prices have been hitting new highs and analysts expect more records, with some forecasting the metal to hit $3,000 per ounce next year, as […]
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European markets start the new trading week in mixed territory
London’s Bishopsgate, the British capital’s financial district. Vuk Valcic | Sopa Images | Lightrocket | Getty Images LONDON — European stocks started the new trading week in mixed territory, after global markets rallied last week. The pan-European Stoxx 600 index was marginally lower in opening deals, down 0.08%, with sectors and major bourses diverging. Tech […]
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CNBC Daily Open: Wall Street’s ‘dress rehearsal’
Traders work the floor of the New York Stock Exchange on August 16, 2024. Angela Weiss | AFP | 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 what you […]
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Philippines detects first mpox case this year, yet to determine strain
An undated colorized transmission electron micrograph of mpox virus particles (pink) found within an infected cell (yellow), cultured in the laboratory, captured at the National Institute of Allergy and Infectious Diseases (NIAID) Integrated Research Facility (IRF) in Fort Detrick, Maryland. \ NIAID | Via Reuters The Philippines has detected a new case of the mpox […]
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Westpac posts steady third-quarter profit, helped by higher capital earnings
A Westpac bank branch in Sydney, Australia. Katharina13 | iStock Editorial | Getty Images Australia’s Westpac Banking Corp beat analyst forecasts for third-quarter profit on Monday and reported improved net interest margin, helped by fewer bad loans and better-than-expected cost controls, sending its shares to a six-year peak. Based on the lender’s average quarterly performance […]
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China blames Philippines for Coast Guard collision at Escoda Shoal, warns it to stop ‘provocation’
Philippine Coast Guard law enforcement command personnel stand aboard the BRP Bagacay during a send-off ceremony in Manila on May 20, 2024. Ted Aljibe | Afp | Getty Images China on Monday accused Philippine vessels of “illegally” intruding and colliding with one of their ships in waters near the Escoda Shoal, in the latest territorial […]
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