UK finance chief says public finances show $28 billion spending hole

UK finance chief says public finances show  billion spending hole

Britain’s Finance Minister Rachel Reeves has pledged to make the “necessary”, “urgent” and “incredibly tough” choices to restore the country’s economic stability. Pool | Getty Images News | Getty Images Britain’s Finance Minister Rachel Reeves on Monday announced a raft of project cuts after detailing how the newly elected Labour government has inherited a projected … Read more

Who is the UK’s new prime minister?

Who is the UK’s new prime minister?

Labour Party leader Sir Keir Starmer speaks ahead of the U.K.’s general election on July 4, 2024.  Anthony Devlin | Getty Images News | Getty Images LONDON — After 14 years of tumultuous Conservative rule, Britain’s Labour Party is expected to shake up the country’s politics with a return to power this year. The left-of-center … Read more

Nvidia’s new chip, GameStop soars

Nvidia’s new chip, GameStop soars

Traders work on the floor of the New York Stock Exchange during morning trading on Feb. 23, 2024 in New York City. Michael M. Santiago | 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 … Read more

China’s overseas students under pressure amid economic uncertainty

China’s overseas students under pressure amid economic uncertainty

As a growing number of overseas Chinese students run into financial difficulties due to the declining wealth of their families, many go online to express their grief and seek advice on how to cope with the situation. Andersen Ross Photography Inc | Digitalvision | Getty Images When Xiao Zhang went to the U.S. to study … Read more