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Politics
UK PM Keir Starmer touts pro-business agenda as he meets U.S. CEOs
British PM Keir Starmer speaking on CNBC's Squawk Box on Sept. 27th, 2024. CNBCThe United Kingdom is pursuing investment from America's biggest banks and tech giants, as the country looks to infuse growth in its stagnant economy. "We now…
European markets: stocks, news and data
Krisztian Bocsi | Bloomberg | Getty ImagesLONDON — European markets rose to a fresh record high Friday, tracking gains in China on news of a stimulus blitz, while investors also assessed fresh inflation data.The pan-European Stoxx 600…
Alibaba, Tencent rally as China tech stocks rise on stimulus plans
The Alibaba office building is seen in Nanjing, Jiangsu province, China, Aug 28, 2024. CFOTO | Future Publishing | Getty ImagesChinese tech stocks, including beaten-down names like Alibaba, rallied this week, hitting highs not seen in…
OpenAI’s Sam Altman tells employees he didn’t get ‘giant equity stake’
At an all-hands meeting on Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a "giant equity stake" in the company, calling that information "just not true," according to a person who was in attendance.Altman…
China’s ambitions for chip self-sufficiency thwarted by lack of tools
HUAI'AN, CHINA - APRIL 29, 2024 - A worker produces chips for mobile phones, cars, LED lighting at a workshop in Huai 'an city, Jiangsu province, China, April 29, 2024. Costfoto | Nurphoto | Getty ImagesChina is scrambling to counter…
French inflation cools sharply in September amid drop in energy prices
A woman takes a selfie photo, with the Eiffel Tower in the background, at Surcouf street in Paris, on July 23, 2024, ahead of the Paris 2024 Olympic Games. Mauro Pimentel | Afp | Getty ImagesFrance's harmonized inflation rate fell…
Commerzbank and UniCredit set to meet as takeover prospect looms
A Commerzbank AG bank branch, in the financial district of Frankfurt, Germany, on Thursday, Sept. 12, 2024.Krisztian Bocsi | Bloomberg | Getty ImagesCommerzbank and UniCredit are set to begin talks Friday, with the German bank on the…
Japan’s ruling party heads to run-off in election to decide country’s next
Candidates in the upcoming leadership race for the ruling Liberal Democratic Party (LDP) join hands after giving speeches for the Liberal Democratic Party presidential election in Osaka, Japan on September 18, 2024. Str | Afp | Getty…
Hong Kong’s New World Development shares surge 23% after CEO resigns
Signage at the New World Tower, which houses the headquarters of New World Development Co., in Hong Kong, China, on Thursday, Sept. 26, 2024. New World Developmen suspended trading of its shares in Hong Kong on Thursday morning.Bloomberg…
OpenAI’s CFO says funding round should close by next week in letter
OpenAI's Sora AI tool allows users to create AI-generated videos from text-based inputs.Costfoto | Nurphoto | Getty ImagesOpenAI CFO Sarah Friar is looking to reassure its investors that the richly valued artificial intelligence startup…