China
Commerce Secretary Lutnick says China is only getting Nvidia’s ‘4th best’ AI chip
Howard Lutnick, U.S. Secretary of Commerce speaks during the Pennsylvania Energy And Innovation Summit 2025 at Carnegie Mellon University in Pittsburgh on July 15, 2025. David A. Grogan | CNBC Commerce Secretary Howard Lutnick on Tuesday said the Trump administration reversed course on allowing Nvidia to sell its AI chips to China because the U.S. […]
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China’s Baidu to bring its driverless cars to Uber globally
A passenger walks near Uber signage after arriving at Los Angeles International Airport in Los Angeles, California, on July 10, 2022. David Swanson | Reuters Baidu has struck a partnership with Uber to deploy its autonomous cars on the ride-hailing giant’s platform outside the U.S. and mainland China. The first deployments are expected to happen […]
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CNBC Daily Open: It’s refreshing to see tariffs used as a weapon for peace
U.S. President Donald Trump meets with NATO Secretary General Mark Rutte on the day of announcing a deal to get weapons to NATO, in the Oval Office at the White House on July 14, 2025. Nathan Howard | Reuters Here’s a tariff we can get behind. At a White House meeting on Monday with NATO’s […]
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Trump threatens 100% tariffs on Russian export buyers unless Ukraine peace deal is reached by September
U.S. President Donald Trump, flanked by Vice President JD Vance and U.S. Secretary of State Marco Rubio, meets with NATO Secretary General Mark Rutte in the Oval Office at the White House in Washington, D.C., U.S., July 14, 2025. Nathan Howard | Reuters President Donald Trump on Monday threatened to impose “secondary tariffs” on Russia’s […]
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Chinese car brands are rapidly making inroads in Europe’s EV utopia
Oslo Taxi’s NIO ET5 electric vehicle from Nio Inc, a Chinese multinational electric car manufacturer, drives through the Norwegian capital Oslo, on September 27, 2024. Jonathan Nackstrand | Afp | Getty Images OSLO, Norway — China is hoovering up market share in electric vehicle-friendly Norway, posing significant competition to Elon Musk’s Tesla and other Western […]
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Nvidia CEO downplays U.S. fears that China’s military will use his firm’s chips
Nvidia CEO Jensen Huang has downplayed U.S. fears that his firm’s chips will aid the Chinese military, days ahead of another trip to the country as he attempts to walk a tightrope between Washington and Beijing. In an interview with CNN aired Sunday, Huang said “we don’t have to worry about” China’s military using U.S.-made […]
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China’s deflationary slide is worsening as companies spiral into price wars
Key Points There’s a pattern in China: companies rush into an industry, then resort to discounts to stay afloat. “On the surface you’re dominating, but deep inside you’re paying a high price to dominate,” an economist said. The escalation of tariffs has made Chinese manufacturers more determined to build factories overseas, “potentially generating redundant supply […]
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Why investors think Starbucks’ China business may be overvalued
Starbucks’ investors were excited for a brief moment after CNBC reported that the coffee giant received offers valuing its China operations at up to $10 billion, sending its Nasdaq-listed shares over 3% higher briefly before paring back gains. Starbucks China has attracted offers for a potential stake sale, valuing the coffee chain at between $5 […]
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CNBC’s The China Connection newsletter: The hidden drag on China’s economy
Pictured here is construction on the One Sunac Opus high-end apartment complex in Beijing on Oct. 17, 2024. Bloomberg | Bloomberg | Getty Images This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business […]
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Here are the 15 busiest airports in the world
Hartsfield-Jackson Atlanta International Airport is, once again, the busiest airport in the world. The airport, which is Delta Air Lines’ largest hub, processed more than 108 million passengers in 2024, according to a report published today by Airports Council International World. However, that’s still some 2% fewer passengers than the airport processed in 2019. The […]
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