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UK’s Wes Streeting calls for wealth tax via capital gains change
Luxury properties in the Kensington and Chelsea district of London, U.K.Bloomberg | Bloomberg | Getty ImagesThis report is from this week's CNBC's UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchJockeying…
Stoxx 600, FTSE, DAX, CAC, Iran news,
An Iranian flag flutters in the wind as ships remain anchored on May 16, 2026 in the Strait of Hormuz near Larak Island, Iran.Majid Saeedi | Getty Images News | Getty ImagesLONDON — European stocks are expected to open in mixed territory…
SK Hynix shares surge to hit $1 trillion valuation
The logo of SK hynix is displayed on a glass wall during the 2026 World IT Show in Seoul on April 22, 2026. Jung Yeon-je | Afp | Getty ImagesShares of SK Hynix jumped as much as 11% on Wednesday, lifting the South Korean chipmaker's…
China industrial profits jump 24.7% in April, fastest gain in over two
Employees work on the production line of automotive display chips at a workshop on May 22, 2026 in Huzhou, Zhejiang Province of China.Vcg | Visual China Group | Getty ImagesBEIJING — China's industrial profits surged by 24.7% in April…
investors weigh fragile Iran ceasefire, possible U.S.-Iran deal
Hong Kong's Victoria Harbour.Yaorusheng | Moment | Getty ImagesAsia-Pacific markets rose on Wednesday, with Japan and South Korea's benchmark indices hitting new highs as investors assessed recent U.S. military action in Iran, the…
European companies double down on China manufacturing despite EU de-risking
Steam cracker units at the BASF Zhanjiang Verbund site in Zhanjiang, Guangdong province, China, on Thursday, March 26, 2026.Bloomberg | Bloomberg | Getty ImagesBEIJING — More European companies are maintaining or expanding their supply…
Trump cancels Camp David Cabinet trip, citing weather
US President Donald Trump gestures as he speaks to reporters after arriving on the South Lawn of the White House in Washington, DC, on May 15, 2026. Alex Wroblewski | AFP | Getty ImagesPresident Donald Trump on Tuesday said he and his…
SpaceX-Tesla merger chatter reignites as Musk rocket company nears IPO
As Elon Musk prepares to lead a second trillion-dollar company into the public market, a move that will likely put him in charge of two of the 10 most valuable U.S. enterprises, chatter is building that Musk's ultimate goal is to combine…
Federal judge had sex in chambers with top police officer
Naruecha Jenthaisong | Moment | Getty ImagesA federal judge has been disciplined for having sex their chambers with a high-ranking law enforcement officer within earshot of staff, attending a partisan political event and for lying to…
Pope’s AI warning latest feud between Trump Administration and Vatican
Interior Secretary Doug Burgum opened a new front Tuesday in the Trump administration's public feud with the Vatican, dismissing Pope Leo XIV's warning about artificial intelligence as the White House resists new guardrails on the…