Sigh of relief for UK tech founders as Labour hikes capital gains tax by less than feared
Britain’s Labour government on Wednesday announced plans to raise the rate of capital gains tax on sales of shares — the move was less severe than feared.
Super Micro shares plunge 33% as auditor resigns after raising concerns months earlier
Ernst & Young resigned over accounting and governance concerns at the buzzy AI firm, which has faced regulatory scrutiny before.
AstraZeneca says its China operations president under investigation
AstraZeneca’s China president is under investigation and is cooperating with Chinese authorities, the company said on Wednesday, sending shares down as much as 5.3%.
Saudi sovereign wealth fund announces $2 billion deal for new Brookfield Middle East platform
At least 50% of the capital will be allocated to investments in the kingdom and to expanding international companies’ presence in the local market.
Germany’s inflation surges to 2.4% as it narrowly skirts a technical recession
Germany’s inflation surged to 2.4% in October, back above the European Central Bank’s 2% target, even as the country narrowly avoided a technical recession in the third quarter.
U.S. economy grew at a 2.8% pace in the third quarter, less than expected
Gross domestic product was expected to increase at a 3.1% annualized pace in the third quarter.
The macro environment is very good for us, Standard Chartered CEO says
Bill Winters, Standard Chartered CEO, speaks to CNBC’s Dan Murphy on the bank third-quarter profit forecasts.
European markets close 1.2% lower as tech stocks plunge; UK banks rise on budget
European markets closed lower on Wednesday as investors assessed a fresh batch of corporate earnings, regional growth data and the U.K. budget.
Private job creation totaled a stunning 233,000 in October, far more than expected, ADP says
ADP said it was the best month for job creation since July 2023.
At least 64 people die in devastating flash floods in eastern Spain, officials say
At least 64 people have died in eastern Spain after flash floods swept away cars, turned village streets into rivers and disrupted rail lines and highways.
