Siemens shares slide over 5.5% on profit drop, slowing automation division
German technology giant Siemens on Thursday reported a a decline in earnings in the first three months of 2024 and said its automation division had slowed.
Taylor Swift’s Eras Tour could give the UK economy a $1.2 billion boost
Barclays says Taylor Swift fans are expected to spend over $1,000 on average to see the singer on the U.K. leg of her Eras Tour.
Slovakia’s prime minister in stable but ‘very serious’ condition after assassination attempt
Slovakia’s Prime Minister Robert Fico is expected to survive an assassination attempt following surgery, according to the country’s deputy prime minister.
Chinese EV startup Nio is changing its global strategy with U.S., EU tariffs on the horizon
Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li said Thursday.
CNBC Daily Open: Wall Street hits record, ‘Thee rate cuts’
For the first time this year, inflation cooled more than expected, propelling stocks to record highs.
As Putin and Xi meet, the power dynamics between Russia and China keep the West guessing
Analysts say the relationship is nuanced, deeper than a “marriage of convenience,” and complex on a number of fronts.
Shein suppliers work 75-hour weeks, report claims as Chinese fast-fashion giant looks to IPO
A new report suggests that workers at some of its suppliers are still clocking 75 hours a week, despite assurances the company would improve labor standards.
Putin tells Xi that Russia-China relations are a ‘stabilizing’ force for the world
Putin’s visit to China comes at the invitation of Xi and will be the Russian leader’s first foreign trip since he began his fifth term in office last week.
China’s Shenzhen metropolis sees fastest growth in millionaires globally
In 2023 alone, Shenzhen saw a 10% growth in millionaires, while Beijing and Shanghai recorded a decline of around 5% amid an exodus of high-net-worth individuals from China.
Four dead in New Caledonia riots as France declares state of emergency
France has declared a state of emergency on the Pacific island of New Caledonia after three young Kanak and a police official were killed in protest riots.
