business news
Puma shares plunge 15% after full-year sales, profit outlook cut on U.S. tariffs
Sign at the entrance to the Puma store in Midtown Manhattan. Erik Mcgregor | Lightrocket | Getty Images Puma shares plummeted as much as 18% Friday after the German sportwear brand posted worse-than-expected second-quarter sales and cut its full-year guidance, flagging the impact of U.S. trade tariffs. In a preliminary updated after markets closed on […]
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Textiles to whisky: U.K.–India ‘historic’ deal is set to boost bilateral trade by over $34 billion a year
AYLESBURY, ENGLAND – JULY 24: UK Prime Minister Keir Starmer and Prime Minister Narendra Modi of India walk in the grounds at Chequers on July 24, 2025 in Aylesbury, England. Kin Cheung | Getty Images News | Getty Images U.K. and India’s bilateral trade is set to get a more than $34 billion annual boost […]
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Trump’s Scotland visit opens door for UK to settle some unfinished business
A bagpipe player wears traditional dress next to Donald Trump as he arrived at his Trump Turnberry Resort on June 24, 2016 in Ayr, Scotland. Getty Images As U.S. President Donald Trump visits Scotland this week, the U.K. will be looking to further cement warm ties with the White House leader and to complete some important […]
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India appears unfazed as trade deadline with the U.S. nears. Here’s why
US President Donald Trump and Indian Prime Minister Narendra Modi attend “Howdy, Modi!” at NRG Stadium in Houston, Texas, September 22, 2019. Saul Loeb | Afp | Getty Images As the window of opportunity for India to seal a trade deal with the U.S. closes on Aug. 1 — when tariffs are set to increase […]
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Thailand-Cambodia border clashes: Cambodia’s economy has more to lose, analysts say
A Cambodian BM-21 multiple rocket launcher returns from the Cambodia-Thai border as Cambodian and Thai troops exchanged fire in a new round of clashes in Preah Vihear province on July 24, 2025. Str | Afp | Getty Images The escalating conflict between Thailand and Cambodia could have a negative impact on their tourism-dependent economies, but […]
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India resumes issuing visas to Chinese nationals after a 5-year freeze
India has resumed issuing tourist visas to Chinese citizens for the first time in five years starting Thursday, according to a Weibo post by the Indian embassy in China on Wednesday, marking a significant step in de-escalating tensions between the two countries. Tensions between China and India escalated after their military clashed in June 2020 over […]
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European markets set to open lower as U.S. trade talks and earnings keep spotlight
Remy Cointreau upgrades outlook A bottle of Remy Martin XO Excellence cognac at the Remy Cointreau SA headquarters Club in Cognac, France, on Dec. 9, 2016. Bloomberg | Bloomberg | Getty Images French drinks firm Remy Cointreau has posted 5.7% organic sales growth for its fiscal first quarter, ahead of analyst expectations, and marking the […]
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Investing in Space: NASA’s months of reckoning
CNBC’s Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Sign up to receive future editions. WASHINGTON, DC – JUNE 2: A NASA logo is displayed at the entrance to the Mary W. Jackson NASA Headquarters building on June 2, 2025 in Washington, DC. (Photo by […]
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CNBC Daily Open: Triple whammy for Tesla
Tesla’s going through a bumpy ride. The electric vehicle company on Wednesday reported a second consecutive quarter of declining auto sales. In Europe, Tesla’s market share fell for the sixth straight month to 2.8% in June from 3.4% a year ago. The Trump administration’s plans to reportedly roll back the U.S.’ push for cleaner vehicles […]
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Auto giant Volkswagen cuts guidance as U.S. tariffs hit profit hard
A worker performs a final check on new Volkswagen ID.3 electric cars at the Volkswagen plant on May 14, 2025 in Dresden, Germany. Sean Gallup | Getty Images News | Getty Images Germany’s Volkswagen on Friday lowered its full-year guidance and reported a sharp drop in second-quarter profit, as the auto giant navigates the disruptive impact of […]
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