business news
UK’s Schroders pops 28% on Nuveen takeover that’s set to create asset management giant
Schroders soared to the top of the Stoxx 600 on Thursday, hitting a 52-week high, after U.S. fund management giant Nuveen said it would buy the U.K.’s largest standalone asset management. The deal, sized at £9.9 billion ($13.5 billion), will create one of the world’s biggest asset management groups. Nuveen — the investment management arm […]
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Singapore launches AI support measures, tax breaks in 2026 Budget
Singapore topped the list on the Economist Intelligence Unit’s business environment ranking. franckreporter | E+ | Getty Images Singapore launched a slew of schemes to harness artificial intelligence, including tax breaks for companies and support for workers to learn AI skills. Presenting the country’s Budget on Thursday, Prime Minister Lawrence Wong announced that Singapore will […]
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Restaurant Brands earnings top estimates as international Burger King restaurants fuel sales growth
HANGZHOU, CHINA – NOVEMBER 11 2025: A deliveryman picks up an order at a Burger King outlet in Hangzhou in east China’s Zhejiang province Tuesday, Nov. 11, 2025. LONG WEI | Feature China | Future Publishing | Getty Images Restaurant Brands International on Thursday reported quarterly earnings and revenue that topped expectations, fueled by strong international growth. […]
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Russia shrugs off Trump’s tariff threats on those who provide oil to Cuba
A vehicle fills up with fuel at a gas station in Havana on January 28, 2026. Yamil Lage | Afp | Getty Images The Kremlin on Thursday said it is actively discussing what help it can provide to fuel-starved Cuba, dismissing U.S. President Donald Trump’s tariff threat to sanction countries that send oil to the […]
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Why Alphabet’s 100-year sterling bond is raising new fears over debt-fuelled AI arms race
Alphabet‘s rare 100-year sterling bond is the latest sign of late-cycle exuberance in credit markets, strategists say, as tech hyperscalers ramp up borrowing to historic levels to fund vast data center and AI infrastructure buildouts. The century bond — the Google-owner’s debut issuance in sterling — is part of a broader multi-tranche, multi-currency borrowing drive […]
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There’s an India-U.S.-Russia love-hate triangle — and it’s complicated
U.S. President Donald Trump meets with Indian Prime Minister Narendra Modi in the Oval Office of the White House in Washington, DC, on Feb. 13, 2025. Jim Watson | Afp | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter, which brings you timely, insightful news and market commentary on the emerging […]
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Adyen plummets as much as 20% after earnings report
Dutch payments giant Adyen‘s stock is down as much as 20% after the company reported its earnings for the second half of 2025. It reported net revenue had increased 17% year-on-year on a reported basis, hitting 1.27 billion euros ($1.51 billion), with both EMEA and North America growing 17% each. The stock was down 18.3% […]
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Mercedes shares fall 5% after full-year earnings halve on tariffs, China competition
The Mercedes star, the brand logo of the vehicle manufacturer Mercedes-Benz, rotates on a building of a Mercedes-Benz car dealership. Picture Alliance | Picture Alliance | Getty Images German luxury car manufacturer Mercedes-Benz Group on Thursday reported a steep drop in full-year profit and warned of challenging times ahead, following a year marred by intense […]
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BTS comeback tour turbocharges concert tourism, with hotel searches jumping as much as 6,700%
Concert tourism is expected be one of the travel industry’s more lucrative drivers this year, according to Trip.com, and the upcoming global comeback tour by K-pop group BTS appears to be reinforcing that trend. Flights and hotel rooms at their tour locations — in 34 cities across Asia, North and South America, Australia, Europe and […]
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SoftBank Vision Fund books $2.4 billion quarterly gain boosted by OpenAI bet
SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman attend an event to pitch AI for businesses in Tokyo, Japan Feb. 3, 2025. Kim Kyung-Hoon | Reuters SoftBank posted a $2.4 billion gain at its Vision Fund in the December quarter as a jump in the value of its OpenAI investment helped offset losses in […]
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