UK PM Rishi Sunak’s leadership on rocky ground as party rebellion mounts
Acts of rebellion from radical factions within the U.K.’s ruling Conservative Party risk weakening Prime Minister Rishi Sunak’s grip on power.
CNBC Daily Open: High rates are breaking something new in markets
The narrative of low interest rates in the long term — one that’s become familiar after the 2008 Great Financial Crisis — is falling apart.
Novartis unit Sandoz starts trading at 24 Swiss francs after completing spinoff
Novartis has completed the planned spin-off of its generics and biosimilars business, Sandoz, which will begin trading on the SIX Swiss Exchange on Wednesday.
Job postings mentioning AI have more than doubled in two years, LinkedIn data shows
New data from LinkedIn shows that job postings that mention AI have soared, and professionals are responding to the shift.
Indian energy minister warns of ‘organized chaos’ if oil tops $100 per barrel
While Hardeep Singh Puri was confident that India could navigate higher prices, he warned that other nations may not be able to do so.
Philippines looking into ramming incident in South China Sea
Three Filipino fishermen died after their fishing boat was rammed by an unidentified foreign commercial vessel while moored in the South China Sea, the Philippine Coast Guard (PCG) said on Wednesday.
TikTok halts e-commerce service in Indonesia following ban
This comes after Indonesia imposed a one-week deadline for TikTok to become a standalone app.
Ripple obtains full license to operate in Singapore as it expands in Asia-Pacific
Ripple said on Wednesday that it has obtained a full license to operate in Singapore, a strategic step toward growing its presence in the Asia-Pacific region.
Japan warns it will take ‘appropriate’ steps on excessive yen falls
The yen strengthened sharply overnight on Tuesday, leading some market participants to believe Tokyo had intervened to support the currency.
KeyBanc downgrades Apple shares to sector weight, says U.S. sales are likely to struggle
The firm also pointed to shares having a rich valuation.
