India to fabricate its first chip in two years as companies pledge to expand in the country

India to fabricate its first chip in two years as companies pledge to expand in the country

Indian Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles Shri Piyush Goyal is talking to media on EU-India trade relations. India will waive tariffs on industrial imports from four European nations for a $100 billion investment over 15 years, ending nearly 16 years of negotiations. Thierry Monasse | Getty Images … Read more

Ex-Goldman director quit to solve UK’s gender investment gap

Ex-Goldman director quit to solve UK’s gender investment gap

Ayesha Ofori, founder and CEO of Propelle. Propelle Ayesha Ofori is a former Goldman Sachs wealth advisor who quit her high-profile job to resolve Britain’s gender wealth gap, after realizing she had spent her career making rich men even richer. Ofori is the 40-year-old founder and CEO of female-focused financial investment platform, Propelle, which launched … Read more

Middle Eastern funds plowing billions into the hottest AI start-ups

Middle Eastern funds plowing billions into the hottest AI start-ups

Sovereign wealth funds out of the Middle East are emerging as key backers of Silicon Valley’s artificial intelligence darlings. Oil-rich nations like Saudi Arabia, United Arab Emirates, Kuwait and Qatar have been looking to diversify their economies, and are turning to tech investments as a hedge. In the past year, funding for AI companies by … Read more

UAE hoping to expand $1 trillion partnership with U.S. through AI, Investment

UAE hoping to expand  trillion partnership with U.S. through AI, Investment

Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi at Downing Street on September 16, 2021 in London, England. Hannah McKay – WPA Pool | Getty Images Emirati President Sheikh Mohammed bin Zayed Al Nahyan’s first official trip to the United States aims to push the UAE-U.S. relationship to a new “geo-economic phase” … Read more

Hoping for a half-point cut

Hoping for a half-point cut

Construction work is done around the Federal Reserve building on September 17, 2024 in Washington, DC.  Anna Moneymaker | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more

Microsoft, BlackRock form GAIIP to invest in AI data centers, energy

Microsoft, BlackRock form GAIIP to invest in AI data centers, energy

Microsoft CEO Satya Nadella speaks during the company’s Build developer conference in Seattle on May 21, 2024. Jason Redmond | AFP | Getty Images Microsoft and BlackRock are part of a group of companies collaborating to pull together up to $100 billion to develop data centers for artificial intelligence and the energy infrastructure to power … Read more

Tech dealmakers skeptical that M&A will pick up after election

Tech dealmakers skeptical that M&A will pick up after election

Lina Khan, chair of the U.S. Federal Trade Commission, and Jonathan Kanter, assistant attorney general for the Justice Department’s antitrust division, participate in a discussion on antitrust reforms at the Brookings Institution in Washington on Oct. 4, 2023. Khan assumed the role of FTC chair in June 2021 after being appointed by U.S. President Joe … Read more

EV battery giant Northvolt to lay off staff in huge cost-cutting drive

EV battery giant Northvolt to lay off staff in huge cost-cutting drive

A Northvolt building in Sweden, photographed in February 2022. Mikael Sjoberg | Bloomberg | Getty Images Northvolt, a key battery producer for Europe’s electric vehicle industry, announced Monday that it plans to cut jobs, shut down one of its sites, and enter into discussions with partners and investors to secure the future of a facility … Read more

Bitcoin rally helps create 84,000 new crypto billionaires in a year

Bitcoin rally helps create 84,000 new crypto billionaires in a year

In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024. Chesnot | Getty Images News | Getty Images The population of crypto millionaires in the world soared 95% over the past year as bitcoin exchange-traded funds and other crypto assets climbed, according to … Read more

Harris economic policy draws on Biden alums Brian Deese, Mike Pyle

Harris economic policy draws on Biden alums Brian Deese, Mike Pyle

US Vice President and Democratic presidential candidate Kamala Harris speaks during a campaign rally at the Thomas and Mack Center, University of Nevada in Las Vegas, Nevada, on August 10, 2024.  Ronda Churchill | Afp | Getty Images Economist Brian Deese has begun advising Vice President Kamala Harris as she develops her economic policy plan, … Read more