World economy
European stocks head for mixed open as selloff eases; U.S. inflation data due
Traders work on the floor of the New York Stock Exchange as a picture of Vice President Kamala Harris is displayed on a television screen, on July 22, 2024. Spencer Platt | Getty Images LONDON — European markets are heading for a mixed open Friday, as a global stock selloff eases and investors await U.S. […]
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Here’s how much it can cost a family of four to live across 10 major Asian cities
Monthly rent in Shanghai’s city-center costs approximately $2,700, according to data by Numbeo. Zorazhuang | E+ | Getty Images Living in a major city can come with a hefty price tag, so it’s best to be informed before you make that big move. In Asia, Hong Kong and Singapore top the list for cost of […]
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CNBC’s Inside India newsletter: The tax with potential side effects
NEW DELHI, INDIA – JULY 23: Union Finance Minister Nirmala Sitharaman during Post Budget Press Conference at National Media Centre on July 23, 2024 in New Delhi, India. (Photo by Ajay Aggarwal/Hindustan Times via Getty Images) Hindustan Times | Hindustan Times | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter, which […]
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How CrowdStrike caused a global IT meltdown and what comes next
Last week, the world faced what was likely the biggest IT failure in history. When some people around the world logged onto their laptops on Friday, they were greeted with a blue error screen on their Microsoft Windows operating system. But this was not a Microsoft issue. It was all to do with a U.S. […]
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Germany’s struggling construction sector is showing no signs of a recovery
Construction site of a residential building with scaffolding and large cranes Fhm | Moment | Getty Images The German construction sector is showing no signs of recovering, even after being in a crisis for months and despite pledges of support and investment from the government. Recent economic data shows the industry is still in a […]
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CNBC’s Inside India newsletter: How will India spend its billions?
New Delhi, India – February 01: Finance minister, Nirmala Sitharaman, outside Finance Ministry on the Budget Day, with other members of Finance Ministry in New Delhi on February 01, 2024. (Photo by Hardik Chhabra/ The India Today Group via Getty Images) The India Today Group | The India Today Group | Getty Images This report […]
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European stocks close slightly lower as ECB holds interest rates steady, Volvo Cars jumps 9%
23 February 2024, Hesse, Frankfurt/Main: The lights of Frankfurt am Main’s banking skyline glow in the last light of day. Photo: Boris Roessler/dpa (Photo by Boris Roessler/picture alliance via Getty Images) Boris Roessler | Picture Alliance | Getty Images European markets closed slightly lower on Thursday, slipping from gains held through most of the session […]
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IMF raises India’s economic outlook, says global growth will remain lackluster
The IMF said it is optimistic on Chinese consumption returning in the next few years, but falling birth rates will still cause an economic down. Martin Puddy | Photodisc | Getty Images The International Monetary Fund has upgraded its economic forecast for India for 2024, while warning that growth will dip in the following year. […]
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Europe heads for mixed open as markets digest Powell’s comments on cutting rates
U.S. Federal Reserve Chair Jerome Powell speaks at a news conference on interest rates, the economy and monetary policy actions on June 15, 2022. Olivier Douliery- | Afp | Getty Images So, “if you wait until inflation gets all the way down to 2%, you’ve probably waited too long,” he said Monday. His comments, combined […]
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