business news
World’s largest jeweler jumps as CEO says firm wants to pivot from silver
Pandora, the world’s largest jeweler by volume, rose in morning trading Thursday after the company addressed investor concerns about its reliance on silver. Copenhagen-listed shares were up as much as 7% after it guided for largely flat organic growth in 2026 alongside its quarterly earnings report, and said it would introduce platinum-plated jewelry after the […]
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European stocks head for mixed open ahead of earnings from Shell, Maersk and more
A Shell gas station on May 03, 2024 in Austin, Texas. Brandon Bell | Getty Images LONDON — The European stock market opened lower Thursday as traders assessed regional earnings reports. The pan-European Stoxx 600 hovered beneath the flatline shortly after the open, and the U.K.’s FTSE 100 was also 0.4% lower. France’s CAC 40 […]
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UK’s Starmer expresses regret over Mandelson, says ex-ambassador ‘lied repeatedly’
Peter Mandelson Bloomberg | Bloomberg | Getty Images Prime Minister Keir Starmer expressed regret on Wednesday for appointing Peter Mandelson as UK ambassador to Washington, saying the Labour veteran had created a “litany of deceit” about his ties to U.S. sex offender Jeffrey Epstein. Starmer ceded to pressure from the opposition Conservative Party to release […]
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CNBC Daily Open: Alphabet could more than double its capex in 2026, unsettling investors
A pedestrian walks by a sign at Google headquarters on Feb. 4, 2026 in Mountain View, California. Justin Sullivan | Getty Images Alphabet’s fourth-quarter earnings and revenue beat Wall Street expectations. Its cloud unit dazzled, notching a nearly 48% increase in revenue from a year earlier. The tech giant expects capital expenditure for 2026 to […]
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Why Asia’s richest man and BlackRock CEO want Indians to pick equities over gold
Larry Fink, Chairman and CEO of BlackRock, speaks during an interview with CNBC on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Jan. 15, 2026. Brendan McDermid | Reuters BlackRock CEO Larry Fink and Reliance Industries Chairman Mukesh Ambani want Indians to invest in the country’s equity markets instead […]
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Cambodia’s tourism sector takes a hit from geopolitical tensions and scam hub stigma
Cambodia is struggling to recover its tourism sector, as geopolitical tensions and its growing reputation as a cybercrime hub keep tourists at bay. Once a key driver of the country’s economy, the industry has dwindled to make up 9.4% of its gross domestic product in 2024, compared to 12.1% in 2019, according to data from […]
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China’s EV slowdown persists as BYD posts near two-year low in sales
HONG KONG, CHINA – JANUARY 05: A general view of the BYD Auto showroom on January 5, 2026, in Hong Kong, China. (Photo by Sawayasu Tsuji/Getty Images) Sawayasu Tsuji | Getty Images News | Getty Images BEIJING — Chinese electric car giant BYD reported a nearly two-year low in local sales in January, signaling mounting […]
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U.S. proposes critical minerals trade bloc aimed at countering China’s grip
U.S. Secretary of State Marco Rubio delivers opening remarks during the Critical Minerals Ministerial at the State Department in Washington, D.C., U.S., February 4, 2026. Jonathan Ernst | Reuters The U.S. on Wednesday unveiled new initiatives to mobilize allies into a preferential trade bloc for critical minerals, including coordinated price floors as Washington works to […]
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Silver resumes its slide, plunging 13%, after short-lived rebound
Silver bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, Jan. 10, 2025. Angelika Warmuth | Reuters Silver prices slid as much as 16% on Thursday, snapping a two-day rebound, as the white metal continues to reel from excessive volatility. Spot silver prices are were last […]
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Paul Weiss chairman Brad Karp resigns after Jeffrey Epstein email disclosures
A mugshot of Jeffrey Epstein released by the U.S. Justice Department. Source: U.S. Justice Department Brad Karp, chairman of the major corporate law firm Paul Weiss, resigned that post on Wednesday after fallout over emails between him and notorious sex offender Jeffrey Epstein were made public. “Leading Paul, Weiss for the past 18 years has […]
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