business news
Tencent ‘exploring’ a financial holding company for WeChat Pay if Chinese regulators require it
An image of WeChat Pay in action. Zhang Peng | LightRocket | Getty Images Chinese tech giant Tencent is exploring whether regulators will require it to create a financial holding company to house is fintech business, a top executive said on Wednesday. The comments come after Bloomberg reported last week that Chinese authorities are considering […]
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Watch UK Finance Minister Rishi Sunak’s budget announcement
[The stream is slated to start at 08:30 ET. Please refresh the page if you do not see a player above at that time.] U.K. Finance Minister Rishi Sunak is announcing a new government budget in his Spring Statement. A planned 10% increase to National Insurance (a tax on earnings) kicks in for many workers […]
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Omicron’s ‘stealth’ subvariant BA.2 could go ‘wild’ in Europe before going global, top epidemiologist says
Doctor Immanuel Hardtmann holds a syringe with the vaccine Moderna in a temporary vaccination center inside the Excursion boat Alexander von Humboldt on the first day of the #HierWirdGeimpft (Get Vaccinated Here) Covid-19 vaccination campaign on September 13, 2021 in Berlin, Germany. Carsten Koall | Getty Images News | Getty Images LONDON — While war […]
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Bitcoin is a lifeline for some Ukrainian refugees, like this 20-year-old who escaped with $2,000 on a thumb drive
Civilians continue to flee from Irpin due to ongoing Russian attacks in Irpin, Ukraine on March 07, 2022. Wolfgang Schwan | Anadolu Agency | Getty Images On the morning that Russia went to war with Ukraine, Fadey woke up at 9am to a deluge of Telegram messages from friends asking him what was happening on […]
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Adidas announces new network that will allow more than 50,000 student-athletes to be paid ambassadors
Adidas announced Wednesday a new “name, image and likeness” network that will be open to student-athletes at NCAA Division 1 Adidas-sponsored schools. The new program will allow more than 50,000 students across 23 sports at 109 schools the ability to become paid spokespeople for the brand. “The adidas NIL network embodies our belief that sport […]
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Stocks making the biggest moves premarket: General Mills, Winnebago, GameStop and others
Check out the companies making headlines before the bell: General Mills (GIS) – General Mills gained 1.6% in the premarket after reporting better-than-expected quarterly earnings and raising its full-year outlook. The food maker earned an adjusted 84 cents per share, 6 cents above estimates, with revenue essentially in line with analyst forecasts. General Mills said […]
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Londoners urged to avoid ‘unnecessary car journeys’ after mayor triggers high pollution alert
The Mayor of London, Sadiq Khan, has issued a high pollution alert for the U.K. capital. Andrew Holt | Photolibrary | Getty Images LONDON — Mayor of London Sadiq Khan has issued a high pollution alert for the U.K. capital, telling those with lung and heart problems to “avoid physical exertion” for its duration. In […]
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AstraZeneca takes stake in a start-up that helps doctors conduct clinical trials virtually
Medical syringes and small figurines of people are seen in front of the AstraZeneca logo displayed on a screen. On Saturday, March 26, 2021, in Dublin, Ireland. NurPhoto | NurPhoto | Getty Images LONDON — AstraZeneca said Wednesday it has invested in Huma, a U.K.-based medical technology start-up, as part of a broader commercial tie-up […]
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India’s rupee-ruble trade arrangement with Russia may be ready in a week, says export body chief
India is expected to announce a payment arrangement that would allow trade with Russia to continue, the president of an Indian exporters’ association told CNBC’s “Street Signs” on Wednesday. The so-called rupee-ruble trade mechanism could come as early as next week, according to A Sakthivel, president of the Federation of Indian Export Organisations (FIEO). The […]
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Buttigieg says DOT will dole out $2.9 billion in infrastructure grants to states and cities
U.S. Secretary of Transportation Pete Buttigieg speaks to the news media during a press briefing at the White House in Washington, U.S., November 8, 2021. Leah Millis | Reuters Transportation Secretary Pete Buttigieg on Wednesday said the administration was ready to dole out $2.9 billion in grants for state and local bridge, road and other […]
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