As Putin and Xi meet, the power dynamics between Russia and China keep the West guessing
Analysts say the relationship is nuanced, deeper than a “marriage of convenience,” and complex on a number of fronts.
Shein suppliers work 75-hour weeks, report claims as Chinese fast-fashion giant looks to IPO
A new report suggests that workers at some of its suppliers are still clocking 75 hours a week, despite assurances the company would improve labor standards.
Putin tells Xi that Russia-China relations are a ‘stabilizing’ force for the world
Putin’s visit to China comes at the invitation of Xi and will be the Russian leader’s first foreign trip since he began his fifth term in office last week.
China’s Shenzhen metropolis sees fastest growth in millionaires globally
In 2023 alone, Shenzhen saw a 10% growth in millionaires, while Beijing and Shanghai recorded a decline of around 5% amid an exodus of high-net-worth individuals from China.
Four dead in New Caledonia riots as France declares state of emergency
France has declared a state of emergency on the Pacific island of New Caledonia after three young Kanak and a police official were killed in protest riots.
CNBC Daily Open: Wall Street hits record highs as rate cut bets
For the first time this year, inflation cooled more than expected, propelling stocks to record highs.
U.S. questions China’s no-first-use nuclear call given buildup
China hasn’t responded to U.S. nuclear-weapons risk-reduction proposals and Washington has questions on Beijing’s call for no-first-use talks, an official said.
Asia markets rise after Wall Street soars on soft inflation data; Japan GDP shrinks
Asia-Pacific stocks tracked strong gains on Wall Street, while investors assessed Japan’s first-quarter GDP data.
Citi names one under-the-radar stock to buy on an AI opportunity, giving it 22% upside
Citi noted that the company said its total addressable market has increased three times, thanks to its artificial intelligence opportunity.
Many Indian stocks are in a ‘bubble,’ investor says, revealing the stock he just sold
Contrarian fund manager Jonathan Pines said one mid-cap Indian stock had risen 240% despite sales and earnings declining.
