CNBC Daily Open: Tremors spread globally as Middle East conflict rages on
France updated its nuclear deterrence policy in 30 years, while India has to contend with the possibility of a dent in its remittance flows.
Emmanuel Macron spelled out a pivot in France’s nuclear strategy. Here’s why it’s so significant
The French president spelled out a new doctrine of ‘forward deterrence’ for France. Here’s
Investors poured billions into private credit. Now many want their money back
Recent redemptions in private credit expose the tensions between high returns and retail liquidity.
European stocks close lower as Iran war continues to dominate sentiment
European stocks finished lower on Thursday as markets followed unsettling geopolitical developments in the Middle East.
Inside India newsletter: Energy, airlines and now over $50 billion in remittances to India at risk as Middle East conflict deepens
India can’t seem to escape from the fallout of the escalating conflict in the Middle East. After energy and aviation, remittances could be the latest worry.
Judge orders U.S. Customs to process refunds on illegal Trump tariffs
A U.S. trade court judge ordered the government to begin paying refunds to importers who paid tariffs that the Supreme Court said were collected illegally.
CNBC Daily Open: China sets lowest growth target in decades
That target at 4.5% to 5% marks a downgrade from the “around 5%” set in the past three years.
China to boost defense spending by 7%, slowest pace since 2021
Beijing’s planned military budget comes amid escalating conflict in the Middle East and persistent tensions over Taiwan.
China sets its lowest annual growth target on record at 4.5% to 5% as deflation and tariffs bite
That marks a slight downgrade from the “around 5%” target set in the past three years.
South Korea’s Kospi rebounds to clock its best day since 2008, soaring 10%
Asia-Pacific markets traded higher Thursday, rebounding after several days of steep losses.
