Xiaomi releases electric car $4K cheaper than Tesla’s Model 3 as price wars heat up
Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla’s Model 3, as price wars heat up in China’s fiercely competitive electric car market.
Baltimore disaster may be the largest-ever marine insurance payout, Lloyd’s boss says
The head of Lloyd’s of London said the insurance industry would nonetheless be able to handle the hefty claims.
Russia knew of Moscow terrorist attack plot weeks ago, Ukraine’s military spy chief says
Ukraine’s military intelligence chief claimed on Wednesday that Russia was aware that a terrorist attack was being planned since at least Feb. 15.
China lifts tariffs on Australian wine, ends three-year freeze in trade
China will lift anti-dumping and anti-subsidy tariffs on Australian wine from March 29, the Chinese commerce ministry said on Thursday.
Top ad guru Martin Sorrell downplays chances of Trump’s Truth Social capturing serious market share
Advertising guru Martin Sorrell questioned the prospects of Donald Trump’s Truth Social platform, describing major ad sales as currently “unfathomable.”
Don’t sweat the prospect of no Fed rate cuts, economist says — markets will still march higher
Markets will continue to rally even if the Fed chooses not to cut interest rates this year, according to Steven Blitz, TS Lombard’s chief U.S. economist.
Ukraine war updates: Putin says NATO won’t be attacked but F-16s will; Kyiv claims Russia knew terror attack was coming
Russian President Vladimir Putin dismissed the idea that Russia could attack NATO, but he warned that any F-16s would be legitimate targets for Russian forces.
UBS chief’s surprise return to the Swiss banking giant bagged him a $15.9 million paycheck
UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return to the helm of the Swiss banking giant.
CNBC Daily Open: Focus turns to key inflation data
Wall Street is set to get more insight on the underlying trends of inflation.
China’s Xi tells U.S. CEOs that bilateral relations can have a ‘brighter future’
Chinese President Xi Jinping told U.S. executives that bilateral relations can improve, and pledged that Beijing would keep working to improve the business environment.
