World
HSBC exec says there’s a lot of AI ‘success theater’ happening in finance
Big technology companies are betting that a new wave of smaller, more precise AI models will be more effective when it comes to the needs of businesses in sectors like law, finance, and health care. Jaap Arriens | NurPhoto via Getty Images LONDON — Increasingly many financial services firms are touting the benefits of artificial […]
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China’s property stimulus raises optimism — but more steps are needed for a sectoral turnaround
A man works at a construction site of a residential skyscraper in Shanghai on November 29, 2016. Chinese household debt has risen at an “alarming” pace as property values have soared, analysts say, raising the risk that a real estate downturn could send shockwaves through the world’s second largest economy. JOHANNES EISELE/AFP via Getty Images […]
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Mining giant Rio Tinto to acquire Arcadium Lithium in $6.7 billion deal
The Rio Tinto Ltd. booth on the opening day of the Investing in African Mining Indaba in Cape Town, South Africa, on Monday, Feb. 6, 2023. Dwayne Senior | Bloomberg | Getty Images The world’s second-largest miner Rio Tinto said Wednesday it will acquire U.S. lithium producer Arcadium for $6.7 billion. Rio Tinto said the […]
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Left and right prey on weak French government as it prepares ‘austerity’ budget
French Prime Minister Michel Barnier (C) ahead of his general policy statement to the French National Assembly in Paris on October 1, 2024. Barnier, a right-wing former EU Brexit negotiator, was appointed three weeks ago by French President to bring some stability after the political chaos created by a hung parliament that resulted from snap […]
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CNBC Daily Open: Opportunity in October’s choppiness for stocks
A man covering his head with Halloween pumpkin sits as trees’ leaves turns the colors of the autumn season at Central Park in New York, United States on October 30, 2023. Fatih Aktas | Anadolu | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors […]
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India’s central bank holds rates as expected, shifts stance to ‘neutral’
People walk past Reserve Bank of India signage in front of an installation stall at Global Fintech Fest in Mumbai, India, on Aug. 28, 2024. Indranil Aditya | Nurphoto | Getty Images The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday, as widely expected, but tweaked its policy stance to […]
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Baidu’s robotaxi unit is exploring expansion into global markets in the ‘near future’
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles. Baidu BEIJING — Chinese tech company Baidu‘s robotaxi unit, Apollo Go, is in talks with several firms to expand into overseas markets in the “near future,” according to a source familiar with the matter. No details […]
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India warns Ola Electric on customer service after 10,000 complaints
Ola electric scooters are on display ahead of the Initial Public Offer press conference. Sopa Images | Lightrocket | Getty Images India’s consumer rights agency received unusually high 10,000 complaints against Ola Electric, over a year and has sent a notice seeking explanation from the SoftBank-backed e-scooter maker, a top official at the watchdog said […]
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New Zealand central bank slashes rates by 50 basis points in second straight rate cut
A security guard stands in the main entrance to the Reserve Bank of New Zealand located in central Wellington, New Zealand, July 3, 2017. David Gray | Reuters New Zealand’s central bank has slashed its benchmark interest rate by 50 basis points after its monetary policy meeting, marking a second straight cut to its benchmark […]
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CNBC Daily Open: Stocks’ choppiness in October can be an opportunity
A view from the Alaska Bootanical Park, fall, Halloween and harvest season themed version of the Alaska Botanical Park with special displays, inside the Far North Bicentennial Park, Alaska, United States on September 22, 2024. Hasan Akbas | Anadolu | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC […]
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