Russia hikes key rate to 15% in bigger-than-expected rise
“Current inflationary pressures have significantly increased to a level above the Bank of Russia’s expectations,” the bank said in a statement.
Global bond rout looks ‘tremendously dangerous’ for stocks, hedge fund manager warns
An intensifying bond rout is creating a “tremendously dangerous” outlook for global equities, according to Livermore Partners’ CIO.
Volvo Cars CEO strikes cautious tone on solid-state battery technology
The CEO of Volvo Cars is bullish about the long-term potential of electric motors, but appears more cautious on solid-state battery technology.
NatWest admits ‘serious failings’ in Nigel Farage incident; shares slide after earnings
A review into the closure of Brexit figurehead Nigel Farage’s account found “potential regulatory breaches and a number of areas for improvement.”
Saudi Arabia is serious about its Jan. 1 deadline for companies to move regional headquarters to Riyadh — or lose out on government contracts
It’s holding on to its ultimatum that foreign firms need to base their regional headquarters in the kingdom or be barred from lucrative government contracts.
Huawei’s revenue barely rose in the third quarter, despite phone and car sales growth
Chinese tech giant Huawei reported revenue figures Friday that showed only a 1% increase in the third quarter from a year ago, according to CNBC calculations.
CNBC Daily Open: Is trouble on the horizon?
Strong consumer spending despite higher interest rates and stubbornly high inflation buoyed the U.S. economy in the third quarter. But will it last?
Shares of Tencent-backed J&T Express fall in lackluster Hong Kong debut
Shares of Indonesian logistics service provider J&T Express dropped 1.33% in Hong Kong’s second-largest initial public offering this year.
Peak fossil fuel demand is coming, IEA chief Birol says — and China will be key
Demand for oil, coal and natural gas is on course to peak before the end of this decade, according to the International Energy Agency.
Chinese smartphone maker Xiaomi releases a new operating system as it plans car integration
Chinese smartphone and appliance maker Xiaomi announced late Thursday a new operating system — as it plans to release its own car.
