More than 180 years of horse racing in Singapore is coming to an end
The Singapore Turf Club on Monday announced that it will hold its final race on October 2024, closing a 18-year-old chapter on horse racing.
‘Public nuisance’: New York sues Hyundai and Kia, alleging their cars are easy to steal
A viral TikTok challenge started in 2021 and spurred a rise in thefts of Hyundai and Kia cars.
CNBC Daily Open: Troubled economies, calm markets
Despite stumbles in some big-name stocks yesterday, markets managed to climb as the uncertainty of previous weeks dissipated.
These economies benefited from Russia’s isolation — but they now risk Western retaliation
Caucasus countries Georgia and Armenia, whose economies unexpectedly boomed in the wake of the war in Ukraine, are now facing a reckoning.
HSBC says rebranded Silicon Valley Bank UK will maintain startup focus while targeting global growth
Silicon Valley Bank UK will continue to serve startup businesses from “seed funding to IPO” after its takeover, the CEO of HSBC UK told CNBC.
China’s exports plunge by 7.5% in May, far more than expected
China’s exports fell in May for the first time since February, customs data showed Wednesday.
Australia’s economy expands 2.3% in the first quarter, slowest growth in 1½ years
Early Wednesday morning, Reserve Bank of Australia Governor Philip Lowe delivered a speech at the Morgan Stanley Australia Summit, reiterating his position that the central bank will seek to navigate a “narrow path.”
China’s stimulus could focus on its ‘dire’ property sector. Here’s what economists expect
Economists expect China’s stimulus package to focus on the property sector amid continued weak economic data.
Blinken to embark on a high-stakes trip to China
The announcement comes after the secretary of state’s previous trip was postponed following the discovery of a Chinese spy balloon flying over the U.S.
‘These jobs can be respectable too’: Why youths in China are abandoning white-collar jobs for ‘light labor’
“Since we have accumulated a certain level of GDP and economic foundations … young people want to feel individualism,” says one professor.
