Mercedes and BMW want to take on Tesla. Check out their new electric concept cars
At the IAA auto show in Munich, Mercedes showed off the Mercedes-Benz Concept CLA Class while BMW revealed the BMW Vision Neue Klasse.
Novo Nordisk’s Wegovy weight loss drug launches in the UK
Novo Nordisk launched its Wegovy weight loss injection in the U.K. Monday, furthering the drug’s rollout in Europe despite ongoing supply constraints.
‘We are ready to engage’: Europe’s biggest carmakers brace for China’s EV challenge
Europe’s biggest car manufacturers are wary of the competitive threat posed by new Chinese companies, as the industry moves towards electrification.
Europe stocks close flat after hitting three-week high; German exports dip
European stock markets closed flat Monday, losing momentum through the session after appearing to shake off recent negativity.
Xi to skip G20 summit in India, China to send Li instead
Premier Li Qiang will lead China’s delegation at a G20 summit in New Delhi this weekend, China’s foreign ministry said.
Singapore picks Chia Der Jiun as central bank head from next year
Singapore named Chia Der Jiun as chief of its central bank on Monday, replacing Ravi Menon, the Monetary Authority of Singapore (MAS) said.
‘Very stupid’: Italy’s bank tax remains controversial as government scrambles to update it
Italy’s shock tax on banks continues to prove controversial, even as the government insists it can “improve” it.
Germany is the ‘sick man of Europe’ — and it’s causing a shift to the right, top economist says
Germany is once again the sick man of Europe, economist Hans-Werner Sinn told CNBC, and he said the shift could cause a rise in right-wing politics.
CNBC Daily Open: Why did the unemployment rate and jobs rise in tandem?
The U.S. economy added more jobs in July, but the overall unemployment rate rose. This may sound counterintuitive, but there’s a simple explanation.
Oil giant led by COP28 boss to spend an ‘eyewatering’ $1 billion a month on fossil fuels this decade, Global Witness says
The research comes ahead of the COP28 climate summit, with Dubai set to host the U.N.’s annual conference from Nov. 30 through to Dec. 12.
