Divided Bank of England leaves policy unchanged, says interest rates are ‘under review’
The Bank of England held interest rates steady at 5.25% on Thursday.
Tesla upgrades Model Y in China as BYD competition heats up
The Tesla Model Y in China will come with Hardware 4.0 (HW 4.0) — a set of cameras, sensors and computer — free of charge when a customer purchases the car.
Euro zone inflation eases as expected, but core figures disappoint
Eurostat released flash euro zone inflation figures for January.
Top wealth manager Julius Baer caught in property write-off storm as CEO steps down
The company will cut 250 jobs this year, impacting around 3% of its 7,425 employees.
Volvo shares jump 26% on higher sales, plans to stop Polestar funding
Volvo Cars shares surged more than 26% on Thursday after the Swedish automaker announced that it will stop funding subsidiary Polestar Automotive.
Japanese bank tanks over 20% after flagging losses tied to U.S. commercial property
The Japanese lender said it now expects a net loss of 28 billion yen for the fiscal year ending March 31, after previously forecasting a net profit of 24 billion yen.
EU agrees $54 billion aid package for Kyiv; Orban says Hungary’s funds excluded from deal
Ukraine’s army chief Valeriy Zaluzhnyi is expected be dismissed from his post by the end of the week, CNN reported Wednesday.
Oil giant Shell posts full-year profit beat, announces $3.5 billion share buyback
Shell reported adjusted earnings of $28.25 billion for the full-year 2023, a 29% drop compared to its highest-ever annual profit the year prior.
CNBC Daily Open: Hopes sink for March rate cuts
Well, at least the Fed made one thing abundantly clear today. That rate cuts aren’t coming that soon.
Elon Musk says Tesla will hold a shareholder vote to incorporate in Texas after Delaware pay snub
Musk’s X post comes after a judge in Delaware, where Tesla is currently incorporated, voided the $56 billion pay package granted to the billionaire in 2018.
