World economy
China-led regional group calls for countering protectionist policies, sanctions
The Chinese national flag flies outside the Ministry of Foreign Affairs in Beijing on July 26, 2023. Greg Baker | Afp | Getty Images A China-led 10-state regional group criticized what it called protectionist trade measures on Wednesday, part of an intensifying standoff between Beijing and Western countries over tariffs on Chinese products. The Shanghai Cooperation Organization, a […]
Read More
CNBC’s Inside India newsletter: Is China’s stock market rally behind Indian equity losses?
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story The investment world has quickly swapped its insignia over the past couple of weeks. […]
Read More
S&P’s Dan Yergin warns of ‘dangerous time’ for global economy as Middle East tensions fester
The global economy is entering a “dangerous time” like never before as Middle East tensions remain elevated, said S&P Global’s vice chairman Daniel Yergin. Since the Israel-Hamas conflict began on Oct. 7 of last year, the oil market has experienced minimal disruptions, with prices remaining under pressure as a result of increased U.S. production and […]
Read More
European markets turn lower after starting the new trading week with positive momentum
A stock trader looks at his monitors in the trading room of the Frankfurt Stock Exchange. Worries about a new coronavirus mutation in southern Africa have dealt a major blow to the German stock market. Arne Dedert | Picture Alliance | Getty Images LONDON — European stocks started the new trading week on a positive […]
Read More
China-linked security breach targeted U.S. wiretap systems, WSJ reports
People observe the scenery near Chinese national flags displayed for National Day celebrations on October 3, 2024 in Chongqing, China. National Day Golden Week is a holiday in China commemorates the founding of the People’s Republic of China in 1949. Cheng Xin | Getty Images U.S. broadband providers had their networks breached in a cyberattack […]
Read More
European markets climb higher after U.S. jobs report; Maersk down 5%
A TV presenter gets ready for the daily reporting from the floor of the German share price index DAX at the stock exchange in Frankfurt, Germany, November 15, 2023. Staff | Reuters LONDON — European stocks climbed higher Friday after the latest U.S. jobs report soared past expectations. The pan-European Stoxx 600 was up 0.4% […]
Read More
European markets close 1% lower as investors focus on Middle East escalation
Smoke rises from a building destroyed by an Israeli airstrike as journalists and local residents visit during a press tour on October 2, 2024 in Beirut, Lebanon. Daniel Carde | Getty Images LONDON — European stocks ended the day lower on Thursday as conflict in the Middle East weighed on regional investor sentiment. The pan-European […]
Read More
CNBC’s Inside India newsletter: The ‘sticky’ outsourcing firms on the rise
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story India has long been the destination for companies in developed markets to outsource labor […]
Read More
U.S. bans Chinese firms in Uyghur region as Beijing fights forced labor claims
U.S. Department of Homeland Security emblem. Gwengoat | Istock | Getty Images The U.S. has added two new Chinese companies to a Xinjiang trade blacklist over forced labor accusations. The move comes just one week after Beijing retaliated against claims of human rights violations in the region and related “discriminatory measures” from American companies. The […]
Read More
Yale’s Stephen Roach: Markets are in danger of being ‘whipsawed’ by Middle East conflict, U.S. unemployment
01 October 2024, Israel, Tel Aviv: Missiles launched from Iran are seen in the sky over Tel Aviv. Ilia Yefimovich/dpa | Picture Alliance | Getty Images Markets are in danger of being “whipsawed” by the combination of regional conflict in the Middle East and rising unemployment in the United States, says Stephen Roach, senior fellow […]
Read More