World economy
A historic strike is underway at U.S. ports — and the impact on global supply chains could be huge
A container ship departs the Port of Newark for the Atlantic Ocean on September 30, 2024 seen from New York City. Spencer Platt | Getty Images News | Getty Images A massive dockworker strike at seaports on the U.S. East and Gulf coasts is expected to wreak havoc on global supply chains and the economy, […]
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European markets kick off October trading on a high note; euro zone inflation data in focus
A shopping street in Steglitz district, Berlin, Germany. Getty Images LONDON — European stocks kicked off October trading in positive territory after ending September on a somber note. The pan-European Stoxx 600 was up 0.2% in opening trade, with sectors and major bourses diverging. Tech and travel and leisure stocks led gains, both up 0.44%, […]
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Japan’s next prime minister is a career dissenter, but experts doubt he can govern as one
Newly-elected leader and sitting chairperson of the Liberal Democratic Party (LDP) Shigeru Ishiba speaks during a press conference following his election in the party leadership elections on September 27, 2024 in Tokyo, Japan. Pool | Getty Images News | Getty Images Shigeru Ishiba, the man set to become the next leader of Japan, has made […]
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CNBC’s Inside India newsletter: Can India grow as fast as China did?
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 big banks of Wall Street have been quick to tweak what they expect […]
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European stocks higher as mining stocks lead gains; French luxury giants LVMH and Kering up 8%
City of London skyline on 10th June 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. Mike Kemp | In Pictures | Getty Images LONDON — European stocks were higher on Thursday, spurred on by overnight […]
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Not just China, Trump 2.0 could spell trouble for U.S. allies as he doubles down on tariff talk
Donald Trump, who has been quite vocal about a tariff-heavy trade policy, appears to have shifted the focus of his protectionist agenda from China to some of the closest U.S. allies. Speaking at a campaign event in Savannah, Georgia, on Tuesday, the Republican presidential nominee said he would build upon the tariff policies of his […]
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Fearful of the ‘middle-income trap,’ Indonesia pushes for major policy reform
This photo shows a general view of a traffic jam on a main roads leading into the city center of Jakarta on May 8, 2024 as thin haze of pollution sits over the city’s skyline. Bay Ismoyo | Afp | Getty Images Indonesia’s rise as an emerging economy is the latest of Asia’s success stories. […]
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Etihad reveals $7 billion investment plan over five years, will retrofit old Boeing jets
An Airbus A380-800 jet airliner operated by Etihad Airways, on display at the Dubai Airshow 2017 international aerospace event. Marina Lystseva | TASS | Getty Images Etihad Airways on Wednesday revealed a $7 billion investment plan over the next five years in a bid to “double the size of the airline until 2030.” Speaking to […]
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JPMorgan CEO Jamie Dimon warns ‘geopolitics is getting worse’
Jamie Dimon, Chairman and Chief Executive officer (CEO) of JPMorgan Chase & Co. (JPM) speaks to the Economic Club of New York in Manhattan in New York City, U.S., April 23, 2024. Mike Segar | Reuters A year after Jamie Dimon named geopolitics as the world’s biggest risk, JPMorgan Chase‘s CEO sounded the alarm again, […]
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Israel and Hezbollah carry out new attacks amid fears of wider conflict
Israel struck Hezbollah targets in southern Lebanon and its Iran-backed foe attacked military facilities in northern Israel on Tuesday, increasing fears of a full-blown conflict after Lebanon suffered its deadliest day in decades. Israel’s military said it hit dozens of Hezbollah targets overnight, a day after carrying out airstrikes against the armed group which Lebanese […]
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