Amazon lost half its value this year as tech stocks got crushed and recession fears grew
Shares of the e-commerce and cloud giant plunged 51% this year, wiping hundreds of billions of dollars off its market cap.
European natural gas prices return to pre-Ukraine war levels
European natural gas prices fell this week to the levels seen before Russia’s invasion of Ukraine.
UK and France say no plans currently to follow Italy with Covid tests for China arrivals
Beijing on Monday dropped its quarantine on arrival policy, leading many to book their first overseas trips in years.
European markets slip as caution abounds to end the year
European markets retreated as caution returns to global stocks, with investors assessing a number of likely headwinds in 2023.
Explosions rock Ukrainian cities as Russia launches ‘more than 100 missiles’ in waves
Air raid sirens rang across Ukraine as Russia unleashed more than 100 missiles on Thursday morning, according to a Ukrainian presidential advisor.
ABBA’s successful avatar show in London offers a glimpse at a daring new direction for live music
ABBA Voyage has proved a hit with critics and fans, and industry professionals told CNBC it had redefined the parameters of AR-based entertainment.
China reopening earlier than expected could hit supply chains in the short term, but boost growth in 2023
Mainland China’s reopening came sooner than expected for investors, and Goldman Sachs warns it will bring a short-term strain in workforce and supply chains.
How to play market volatility in 2023, according to Evercore ISI
Evercore ISI says there could be big swings in the market early next year, so investors may want to use an options strategy to help cushion the impact.
Most Chinese shoppers are very cautious about going out, survey finds
More than 90% of consumers surveyed over the weekend said they are avoiding going out, according to consulting firm Oliver Wyman.
China to import 45 foreign video games, grants multiple licenses to Tencent
The approval effectively marks the end of Beijing’s crackdown on the games industry which began last August when regulators suspended the game approval process.
