Tech giant PDD Holdings, parent of Pinduoduo and Temu, moves headquarters from China to Ireland
PDD Holdings’ move perhaps signals the Chinese tech giant’s attempt to boost its international presence with U.S. shopping app Temu.
BMW cars segment sees earnings boost on higher pricing, EV sales
BMW confirmed its outlook for 2023 but warned of ongoing high costs and rising competition, particularly in China.
Shell beats expectations with $9.6 billion in first-quarter profit, boosted by fuel trading
British oil giant Shell on Thursday posted stronger-than-anticipated first-quarter profit, extending a record run of bumper results.
Budweiser-owner AB InBev reports profit hike as beer drinkers shoulder higher prices
The beer industry demonstrated “resilience even in the context of an ongoing inflationary environment,” the biggest brewer in the world said.
Spain’s drought has pushed olive oil prices to a 26-year high — and they’re expected to stick
Olive oil prices have hit record levels, thanks to a prolonged drought in top producer Spain — and the elevated prices are expected to stay for some time.
European Central Bank set to slow rate hikes as financial conditions tighten rapidly
The new economic figures both strengthen the case for the ECB to only hike rates by a smaller amount at is policy meeting.
Auto giants are setting their sights on a new growth market for EVs: India
Companies like Audi, Volvo Cars and Stellantis are looking to establish a foothold in a market already home to some big India-based players.
This digital nomad worked in 20 countries in 5 years. Here are her best money tips
“Every single month doesn’t look the same because you’re often in different areas, with different currencies, and there are different expenses,” said Daniella Pashuk.
China’s holiday tourism rebound to pre-Covid levels boosts outlook
The figures from the holiday — the first travel season since the pandemic without restrictions — are being monitored as a gauge of China’s economic health.
How to trade Volkswagen and BMW quarterly earnings results based on history
Using data going back to past 20 quarters, CNBC Pro found how well each carmaker’s stock performs against their benchmarks based on different outcomes.
