Germany is making bold moves to modernize its sluggish economy. Will it be enough?
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Why Germany is rebooting its economy
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Luckin Coffee eyes U.S. relisting as five-year turnaround from fraud scandal takes hold
Key Points Luckin Coffee CEO Jinyi Guo said the company is preparing to relist in the U.S. The Xiamen-headquartered coffee chain was booted from the Nasdaq in 2020 after admitting to fabricating $310 million in 2019 revenue. Backed by top investor Centurium Capital, Luckin has rebounded to become China’s biggest coffee retailer, overtaking Starbucks, and […]
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CNBC Daily Open: SoftBank doubles down on AI amid warnings from ‘Big Short’ investor
Jensen Huang, co-founder and chief executive officer of Nvidia Corp., left, and Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., during a fireside chat at the Nvidia AI Summit Japan in Tokyo, Japan, on Wednesday, Nov. 13, 2024. Akio Kon | Bloomberg | Getty Images SoftBank is selling its entire stake in […]
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SoftBank shares plunge as much as 10% after selling Nvidia stake
Pedestrians wearing protective masks walk past signage for SoftBank Corp. near a store in Tokyo, Japan, on May 15, 2020. Kiyoshi Ota | Bloomberg | Getty Images Shares of SoftBank Group plunged as much as 10% Wednesday after the Japanese giant said it had sold its entire stake in U.S. chip giant Nvidia for $5.83 […]
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