World
Putin reveals new rules on nuclear weapons in Russia’s latest warning to the West
Russian President Vladimir Putin at an expanded Prosecutor General’s Office meeting on March 26, 2024, in Moscow. Contributor | Getty Images News | Getty Images Russian President Vladimir Putin announced proposed changes to Moscow’s rule book on the use of nuclear weapons in another thinly-veiled warning to Western nations that continue to back Kyiv in […]
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China’s Xi and top leaders call for halting real estate decline, responding to public concerns
Builders step up construction in Yuexi County, Anqing city, Anhui province, China, on Sept 25, 2024. Cfoto | Future Publishing | Getty Images BEIJING — China aims to stop the property slump, top leaders said Thursday in a readout of a high-level meeting published by state media. Authorities “must work to halt the real estate […]
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Swiss central bank cuts rates by a quarter point in third trim this year
A view of the headquarters of the Swiss National Bank (SNB), before a press conference in Zurich, Switzerland, March 21, 2024. Denis Balibouse | Reuters The Swiss National Bank on Thursday took a third step to loosen monetary policy this year, bringing its key interest rate down by 25 basis points to 1.0%. The trim, […]
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H&M shares tumble 7% on profit miss and scrapped margin target
The logo of Swedish clothing retailer H&M hangs over one of its stores on March 28, 2018 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images Shares of H&M tumbled 7% on Thursday after the world’s second-largest listed fashion retailer posted a miss on operating profit and abandoned its earnings margin target. […]
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CNBC Daily Open: AI-adjacent companies may be the next big play
Inside one of Equinix’s internal operations at Equinix Data Center in Ashburn, Virginia, on May 9, 2024. Amanda Andrade-Rhoades | The Washington Post | 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 […]
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SK Hynix shares jump as company announces mass production of updated AI chip
SK Hynix Inc. signage at the company’s office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is scheduled to release earnings figures on April 25. Photographer: SeongJoon Cho/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images SK Hynix shares surged more than 9% Thursday morning after the company said it has […]
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India wants to become a semiconductor powerhouse, but it can’t do it on its own
Workers assembles smartphones at Dixon Technologies factory in Uttar Pradesh, India, on Thursday, Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images India has big ambitions to become a semiconductor powerhouse as the world’s fifth-largest economy pushes for self-reliance in manufacturing. Indian Prime Minister Narendra Modi has set numerous goals to propel the country’s semiconductor […]
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Not just China, Trump 2.0 could spell trouble for U.S. allies as he doubles down on tariff talk
Donald Trump, who has been quite vocal about a tariff-heavy trade policy, appears to have shifted the focus of his protectionist agenda from China to some of the closest U.S. allies. Speaking at a campaign event in Savannah, Georgia, on Tuesday, the Republican presidential nominee said he would build upon the tariff policies of his […]
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Blackstone exec reveals how to make money when investing in India — and the mistake to avoid
India’s economic growth story is a stunning one — but the question of where investors should park their money is not always straightforward, with one Blackstone executive highlighting a common mistake. India is set to become the world’s third-largest economy by 2027, according to its finance ministry . The country’s stock market has also been […]
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Australia’s inflation rate has come within its target range, but rate cuts likely won’t come anytime soon
SYDNEY, AUSTRALIA – SEPTEMBER 05: A person looking at milk products in a supermarket on September 05, 2024 in Sydney, Australia. Australia is currently facing a severe cost of living crisis, with rising prices for essentials like food, housing, and utilities significantly outpacing wage growth, leaving many households struggling to make ends meet. James Gourley […]
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