LVMH stock drops as analysts flag luxury recovery ‘party postponed’ amid Iran war
There was a deterioration of demand in March as a result of the Middle East conflict, said LVMH CFO Cécile Cabanis.
China Evergrande founder pleads guilty to fraud in Shenzhen court
The founder of China Evergrande Group pleaded guilty to misuse of funds, fundraising fraud and illegally taking public deposits, a Shenzhen court said.
Novo Nordisk partners with OpenAI as AI drug discovery hopes mount
The partnership will enable Novo to better use AI to analyze complex datasets, and identify promising new drugs.
CNBC Daily Open: S&P stages a comeback, erasing all Iran war losses
U.S. stocks rally to erase Iran war losses as Vice President Vance says “ball is in Iran’s court.”
European markets rise on hopes that Iran peace talks can resume
European stocks rose on Tuesday amid renewed hopes that Middle East peace talks could resume, despite a U.S. blockade on Iranian ports.
Nissan to trim global car lineup, boost use of AI driving tech
Nissan Motor plans to streamline its global automobile lineup by exiting low-performing ones and deploying AI technology over 90% of its array in the long term.
Know when to walk away: The decision that shaped Aviva CEO Amanda Blanc
At one of the highest points in her career, Amanda Blanc made a decision most executives would avoid — she walked away. In this episode of “Executive Decisions,” the Aviva Group CEO reflects on leaving a senior role with no safety net, the judgment req…
China exports growth in March misses estimates, imports surge most in over four years
China’s export growth slowed in March as manufacturers grappled with surging energy costs, with the Iran war disrupting supplies, while imports jumped more than expected.
CNBC Daily Open: Markets bet on a U.S.-Iran deal amid Hormuz blockade
The U.S. blockade in the Strait of Hormuz risks deepening the energy shock, but markets are shrugging it off amid optimism for a deal.
Singapore central bank tightens monetary policy as Iran war stokes price risks
Singapore’s central bank tightened its monetary policy settings on Tuesday, flagging the risk that an Iran war-fueled energy shock could raise core inflation.
