business news
Pentagon halts weapons shipment to Ukraine amid concerns over U.S. stockpile
Defense Secretary Pete Hegseth has ordered a pause in sending a shipment of missiles and ammunition to Ukraine amid concern about the U.S. military’s stockpiles, according to two defense officials, two congressional officials and two sources with knowledge of the decision. Hegseth ordered the delay weeks after he issued a memo ordering a review of […]
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Amazon deploys its 1 millionth robot in a sign of more job automation
An Amazon logistics center in Mecklenburg-Western Pomerania, Dummerstorf, Germany, on Nov. 27, 2024. Picture Alliance | Picture Alliance | Getty Images Amazon announced Monday its millionth worker robot, and said its entire fleet will be powered by a newly launched generative artificial intelligence model. The move comes at a time when more tech companies are […]
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Santander doubles down on UK presence amid Spain’s banking M&A turmoil
A sign hangs from a branch of Banco Santander in London, U.K., on Wednesday, Feb. 3, 2010. Simon Dawson | Bloomberg via Getty Images In one move, Santander has silenced months of speculation over it’s allegiance to the British high street – and complicated a year-long consolidation saga in Spain’s banking sector. On Tuesday, Spain’s […]
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CNBC’s The China Connection newsletter: A slowing economy meets a fast future
Employees at a coal mine in China’s Shaanxi province sit in an office to use digital systems for mining work, according to a photo taken on April 26, 2023, during a media tour organized by Chinese telecoms giant Huawei. Wang Zhao | Afp | Getty Images This report is from this week’s CNBC’s The China […]
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UK’s popular sausage roll seller plunges 15% as heatwave hurts sales
Tourists and domestic visitors in the West End at Leicester Square outside the Greggs bakery which is known as the Mega Greggs on 28th July 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images U.K. high-street baker Greggs, famed for its sausage rolls and hot savoury bakes, warned on Wednesday that […]
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National Grid failures led to fire that caused Heathrow shutdown, report says
Workers on the way of investigate electrical substation following a fire at an electrical substation supplying power to the facility, in London, United Kingdom on March 21, 2025. Rasid Necati Aslim | Anadolu | Getty Images A fire that shut Heathrow airport in March, stranding thousands of passengers, was caused by National Grid’s failure to […]
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Wind power firms Vestas and Orsted jump on U.S. bill update
European markets open higher European stock markets moved higher in early Wednesday deals, with the Stoxx 600 index up 0.35% shortly after the open. Mining and banking stocks are leading gains, both up around 1.2%. Stock Chart IconStock chart icon Stoxx 600 index. Danish wind turbine makers Vestas and Orsted have jumped 8.4% and 5%, […]
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CNBC Daily Open: Tariffs led us down a different timeline for interest rates
U.S. Federal Reserve Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs, on Capitol Hill on June 25, 2025 in Washington, DC, U.S. Kent Nishimura | Getty Images News | Getty Images It’s the what-could-have-beens that hurt the most. The childhood sweetheart who moved to a different country. The early […]
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Chipmakers get larger tax credits in Trump’s latest ‘big beautiful bill’
William_potter | Istock | Getty Images The latest version of U.S. President Donald Trump’s “big beautiful bill” could make it cheaper for semiconductor manufacturers to build plants in the U.S. as Washington continues its efforts to strengthen its domestic chip supply chain. Under the bill, passed by the Senate Tuesday, tax credits for those semiconductor […]
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CNBC’s UK Exchange newsletter: UK’s millionaire exodus spells more trouble for Labour
This report is from this week’s CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and the key personalities shaping the news. The newsletter will also highlight other key developments in the U.K. that you won’t want to miss, plus a preview of […]
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