World Bank sees major economies growing at much slower pace thanks to higher rates and banking stress
Growth forecasts for advanced economies project just 0.7% increase this year, down from 2.6% in 2022.
SEC sues Coinbase over exchange and staking programs, stock drops 12%
The U.S. securities regulator alleged that the exchange was offering 13 different assets that were considered securities and operating as a broker and exchange.
Chip giant Arm snubbed London for a NY listing. But the London Stock Exchange hasn’t given up hope
London Stock ExchangeCEO Julia Hoggett said there had been “strong appetite from investors in the U.K. for Arm.”
The destruction of a major Ukrainian dam could have grave consequences. Here’s what we know so far
The damage to the dam has raised fears about safety, water supply and Europe’s largest nuclear power plant.
Apple’s entry into VR with its new headset is a ‘watershed moment,’ say top industry execs
Cher Wang, Taiwanese tech giant HTC’s CEO, told CNBC that she sees Apple’s move as a validation for the industry, calling it a “watershed moment.”
CNBC Daily Open: Apple failed to impress
Apple’s augmented-reality headset promises to make apps three-dimensional. But the tech-heavy Nasdaq Composite was essentially flat in response.
Australia’s central bank hikes rates by 25 basis points, defies expectations
Economists polled by Reuters were widely expecting the central bank to hold its rates steady.
Morgan Stanley sees a 10% fall in European stocks this summer — and reveals how to trade it
Morgan Stanley told clients how to position their portfolio for a summer correction as several unfavorable conditions converge.
Brace for disruption — but A.I. won’t eliminate jobs completely, says Singapore’s deputy prime minister
Singapore’s deputy prime minister Lawrence Wong does not believe technology will eliminate jobs completely.
Turkey at a crossroads: Will it turn to the East or West?
Turkey celebrates its 100th anniversary in 2023. For centuries, Turkey has straddled two worlds – Europe and the Middle East. In the early 2000s, the country was hailed as a “model democracy” for Muslim-majority countries. However, Turkey was rated as …
