AI craze is distorting VC market, as tech giants like Microsoft and Amazon pour in billions of dollars
With the biggest companies in the world throwing billions of dollars at generative AI startups, traditional VCs are struggling to find their place in the boom.
Telegram CEO says French charges against him are ‘misguided’ — read his full statement
The boss of controversial messaging platform Telegram said late Thursday that charges against him by France are “misguided.”
Hungary’s Orbán says election of new EU Commission ‘neglected’ the desire for change
Hungarian Prime Minister Viktor Orbán said the previous European Commission was unsuccessful and it’s not clear the new Commission will be any different. “I try to support the Commission as much as I can, but being a rational man, I think we neglected …
British competition regulator objects to Google’s ad tech practices
Britain’s competition watchdog provisionally found that Google’s ad tech practices are impacting competition in the U.K.
Millionaires are moving to these 5 European cities — and London doesn’t make the list
A new report finds that 83% of millionaires looking to relocate are eyeing city living, but London is no longer a top destination.
Netherlands takes on U.S. export controls, controlling shipments of some ASML machines
The changes mean that the Netherlands is effectively taking over from the U.S. on controlling what machines ASML is able to export to other countries.
Nobel winner Joseph Stiglitz says Fed raised rates ‘too far, too fast’ — and now needs to cut big
Nobel Prize-winning economist Joseph Stiglitz believes the Federal Reserve should deliver a half-point interest rate cut at its forthcoming meeting
China should focus on fighting deflationary pressure, former central bank governor says
China’s policymakers need to focus on boosting domestic demand, Yi Gang, former head of the People’s Bank of China, said Friday at the Bund Summit in Shanghai.
CNBC Daily Open: Don’t confuse slow hiring with layoffs
Jobs give us money. And everyone likes money. So, everyone, more or less, likes jobs. It’s a problem when there aren’t enough jobs.
World swelters through its hottest summer on record for the second year running
The summer of 2024 was the hottest in history, according to the European Union’s climate monitor.
