BP names Kate Thomson as interim CFO in post-Looney reshuffle
The reshuffle follows the abrupt departure of CEO Bernard Looney last week.
Saudi energy minister says oil supply cuts are not about ‘jacking up prices,’ as Brent hovers at $95 a barrel
Saudi Arabia is the world’s largest seaborne oil exporter and relies on hydrocarbon revenues to support so-called giga-projects designed to diversify its economy.
Bank of England deputy governor says impairments rising among UK lenders
The British banking sector is seeing a rise in impairments amid rising inflation and ensuing interest rate hikes, according to Bank of England Deputy Governor Sam Woods.
CNBC Daily Open: An ‘immaculate disinflation’ amid uncertainty?
With the U.S. economy running hot, the labor market remaining tight and oil prices surging again, it’s no surprise markets don’t know where rates will go.
Huawei’s chip breakthrough poses new threat to Apple in China — and questions for Washington
Huawei’s Mate 60 Pro smartphone has a chip that appears to support 5G, despite U.S. sanctions that have sought to cut the Chinese tech giant off from the technology.
China’s capital city is letting the public take fully driverless robotaxis — and has bigger rollout plans, startup Pony.ai says
Plans for robotaxi testing at Daxing airport in Beijing are coming, said Ning Zhang, vice president at autonomous driving startup Pony.ai.
UAW will strike at additional U.S. auto plants if ‘serious progress’ isn’t made by noon Friday
The timing of the additional plants would come just over a week after the union announced targeted strikes at assembly plants of about 12,700 autoworkers.
CNBC Pro Talks: TSMC, Alibaba and more? Fund manager to reveal his ‘great’ undervalued stock picks
Join CNBC’s Tanvir Gill as she quizzes Pacific Asset Management’s Kamil Dimmich on his favorite global stocks right now.
Rates are rising in Europe. HSBC names the region’s ‘most and least vulnerable stocks’
“Our economists expect the bulk of the interest rate headwinds to emerge over the next eighteen months or so” the British bank said.
Higher oil prices could boost these 2 global real estate stocks, Morgan Stanley says
The Wall Street bank expects one of the office real estate stocks to rise by 45% over the next 12 month.
