Andrew Forrest, chairman of Fortescue Metals Group Ltd., during the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, US, on Thursday, Nov. 16, 2023. Bloomberg | Bloomberg | Getty Images Australian mining tycoon Andrew Forrest, founder and executive chairman of Fortescue, says it is time for the world to walk away from the … Read more
The Starling Bank banking app on a smartphone. Adrian Dennis | AFP via Getty Images U.K. financial regulators hit British digital lender Starling Bank with a £29 million ($38.5 million) fine over failings related to its financial crime prevention systems. In a statement on Wednesday, London’s Financial Conduct Authority said it had fined Starling “for … Read more
Israel’s Iron Dome anti-missile system intercepts rockets, as seen from Ashkelon, Israel, October 1, 2024. Amir Cohen | Reuters LONDON — European stocks were slightly higher Wednesday as investors attempted to look beyond escalating tensions in the Middle East and awaited fresh employment data out of the region. The pan-European Stoxx 600 was up 0.17% … Read more
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
Jakub Porzycki | Nurphoto | Getty Images Facebook parent company Meta on Wednesday said that it’s working with two leading banks in the U.K. on an information-sharing arrangement to help protect consumers from fraud. Meta said it was expanding its Fraud Intelligence Reciprocal Exchange (FIPE) to enable U.K. banks to directly share information with the … Read more
Dockworkers strike at the Bayport Container Terminal in Seabrook, Texas, on October 1, 2024. Mark Felix | Afp | 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 are. Like what you … Read more
A girl hugging a young cattle at a breeding farm in Chongqing, China. Vcg | Visual China Group | Getty Images Fed up with China’s employment situation, young people on the mainland are retreating to the countryside. China’s Gen Z and millennials are increasingly documenting their rural day-to-day “retirement” lives on social media after declaring … Read more
SHENZHEN, CHINA – MARCH 09: View of high commercial and residential buildings on March 9, 2016 in Shenzhen, China. General economic slowdown continues in China while the property price and stock bubble faces risk. (Photo by Zhong Zhi/Getty Images) Zhong Zhi | Getty Images News | Getty Images Shares of most Hong Kong-listed Chinese property … Read more
Pedestrians on Anne Street South in Dublin, Ireland, on Thursday, March 28, 2024. Bloomberg | Bloomberg | Getty Images Ireland’s government on Tuesday outlined how it intends to spend 13 billion euros ($14.4 billion) in Apple back taxes — a windfall that Dublin actually spent several years fighting to avoid. In a bumper pre-election budget … Read more
Canada and China, two flags waving against blue sky. 3d image Aleksandra Aleshchenko | Istock | Getty Images China on Wednesday announced that it has filed an appeal with the World Trade Organization, asking the organization to rule on the recent tariffs that Canada imposed on Chinese electric vehicles and metal products. In August, Canada … Read more
