German media empire Axel Springer to split in deal with KKR
German media empire Axel Springer will be split in two under a deal between CEO Mathias Doepfner and private equity firm, the company said on Thursday.
Bank of England presses pause on rate cuts, highlights ‘gradual approach’
The decision to hold comes after the U.S. Federal Reserve kicked off its own monetary easing with an aggressive 50 basis point rate cut.
Israeli military strikes Hezbollah as Nasrallah responds to wave of device blasts in Lebanon
The attack on southern Lebanon on Thursday involved airstrikes and artillery, an Israeli official told NBC News, after two days of explosions that killed at least 37 people, including two children, and injured thousands more.
‘We can’t allow the cultural infrastructure to literally crumble’: One of London’s most popular arts attractions needs a $200 million fix
The Southbank Centre in London needs more than $200 million to repair its concert halls and gallery as it heads toward its 75-year anniversary.
China’s Alibaba launches over 100 new open-source AI models, releases text-to-video generation tool
Alibaba is hoping its latest AI offerings may tempt customers around the world to sign up to its cloud services.
CNBC Daily Open: Markets need time to digest the 50-point cut
Fed Chair Jerome Powell spent a big portion of the post-meeting press conference massaging sentiment.
Hong Kong central bank cuts interest rate, tracks Fed move
The Hong Kong Monetary Authority on Thursday cut its base rate charged via the overnight discount window by 50 basis points to 5.25%, tracking Fed rate cut.
Billionaire tech CEO says bosses shouldn’t ‘BS’ employees about the impact AI will have on jobs
Business leaders shouldn’t “BS” employees about the impact of AI on jobs, according to one tech billionaire, who says they should be transparent and honest.
China would love a domestic Nvidia rival — but that’s proving quite the challenge
Chinese firms face a number of challenges in trying to rival Nvidia including contending with U.S. export restrictions and a lack of tech expertise.
What buying Commerzbank would mean for UniCredit — and the banking sector
Analysts have welcomed the move by UniCredit, particularly because a tie-up between the two banks might spur more M&A activity in Europe’s banking sector.
