business news
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 […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
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%, […]
Read More
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 […]
Read More
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 […]
Read More
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 […]
Read More
Germany’s defense industry is booming. Here’s where its weapons are going
Germany’s defense sector is growing as increasing geopolitical tensions have led to a surge in orders. The value of German military exports hit 13.2 billion euros ($15.5 billion) last year, according to preliminary figures — more than double 2020’s 5.82 billion euros . Defense stocks in the country have skyrocketed over the past year as […]
Read More
Xpeng defies China’s EV price war with steady sales as Tesla and local rivals try to keep pace
Key Points Xpeng reported an eighth-straight month of more than 30,000 monthly vehicle deliveries amid a fierce price war in China. Xpeng’s U.S.-listed rivals, which target a more premium segment of China’s car market, saw more modest sales momentum. BYD remained the market giant, with its passenger car sales edging higher in June to 377,628 […]
Read More