European Central Bank chief economist: Must ‘take our time’ on rate cuts, clearer picture due in June
“We do have to take our time to get that right, from holding to dialing back restriction,” Philip Lane.
EU opens probe into Alibaba’s AliExpress over illegal content, pornography on platform
The European Commission on Thursday said it opened a formal investigation into AliExpress, an international e-commerce website run by Chinese tech giant Alibaba.
Apple supplier Foxconn turns upbeat on 2024, cites huge demand for AI servers
Apple supplier Foxconn has adopted a far more bullish outlook for this year, saying on Thursday it expects booming demand for artificial intelligence servers.
Oil giant Shell waters down its near-term emission cuts in strategy update
British oil giant Shell on Thursday announced plans to moderate its near-term carbon emissions cuts.
This 31-year-old spent $20,000 to travel after he was laid off
Peter Lancaster, 31, was laid off from his tech job in Silicon Valley. He used his time unemployed to backpack around South America and Asia for 8 months.
CNBC Daily Open: U.S. consumer spending data looms
American consumers started the year on shaky footing but a bounce back could be in sight.
Europe stocks close lower after U.S. inflation print comes in above expectations; Encavis up 25%
European markets closed lower Thursday as investors monitored another key U.S. inflation reading.
Biden is coming out in opposition to plans to sell U.S. Steel to a Japanese company
President Joe Biden is coming out in opposition to the planned sale of U.S. Steel to Nippon Steel of Japan.
China’s foreign minister to visit Australia next week as ties improve
China’s Foreign Minister Wang Yi will visit Australia next week, said the Australian Prime Minister, indicating improved relations after years of tensions.
Europe regulator says it would pull Boeing approval if needed
Europe’s aviation regulator’s head would stop approving Boeing’s jet production indirectly if needed but feels reassured by its response to the safety crisis.
