European markets close higher despite geopolitical tensions; German economy contracts
European markets closed higher on Monday, with investors keeping a close eye on the latest inflation data out of Spain and Germany.
Facebook and Instagram get ad-free subscription service in Europe
Meta said the subscription offers were to comply with the “evolving” European regulations after it was slapped with a fine this year over data law breaches.
Shein acquires British fast fashion brand Missguided as it looks to expand global reach
Shein has acquired British fast fashion brand Missguided as the e-commerce giant looks to expand its marketplace model and deepen its global reach.
UK confirms plans to regulate crypto industry with formal legislation
The U.K. government published its response to a consultation paper issued earlier this year, which recommended how the crypto industry should be regulated.
The escalating Israel-Hamas conflict raises risks of global market contagion, economist says
As the Israel-Hamas conflict further intensifies, the risks to the global economy are growing, economist Mohamed el-Erian said Monday.
Biden issues U.S.’ first AI executive order, requiring safety assessments, civil rights guidance, research on labor market impact
The executive order builds on voluntary commitments the White House previously secured from leading AI companies.
U.S. is working with Indo-Pacific partners to boost economic resilience, Katherine Tai says
The U.S. is working very closely with trading partners in the Indo-Pacific region to build economic resilience, said U.S. Trade Representative Katherine Tai.
CNBC Daily Open: Are things about to get more difficult?
Markets are looking to wrap up a brutal month, which saw the S&P 500 and Nasdaq indexes slip into correction territory.
Is your hotel sustainable? Not if these two things are in your room, says Soneva’s founder
Soneva and Six Senses founder Sonu Shivdasani said “sustainable” hotels shouldn’t have branded water or toiletries in plastic bottles — and that’s bare minimum.
WTO chief warns Israel-Hamas war could hurt global growth if conflict spills over
WTO director-general warns of impact on trade if Israel and Gaza conflict were to spread to the rest of the Middle East.
