China has spent at least $230 billion to build its EV industry, new study finds
China spent $230.8 billion over more than a decade to develop its electric car industry, according to the Center for Strategic and International Studies.
CNBC Daily Open: S&P 500 briefly crosses 5,500, closes lower
The S&P 500 briefly passed the 5,500 mark for the first time before ending the session lower. The Nasdaq Composite dipped as Nvidia ran out of steam.
Move over, Tokyo. Hong Kong is now the most expensive city to build, survey shows
Hong Kong has surpassed Tokyo as Asia’s most expensive city to build property amid a labor crunch and ageing population, according to a new market survey.
Human rights lawyer to political reformer: Who is Keir Starmer, the UK’s new would-be prime minister
Labour leader Keir Starmer is the favorite to win the U.K.’s July 4 election.
China talks up support for IPOs. Investors are watching the speed of approval
Chinese authorities this week announced new policy for supporting venture capital, raising hopes for faster approvals of initial public offerings.
U.S. and China hold first informal nuclear talks in 5 years, eyeing Taiwan
The U.S. and China resumed semi-official nuclear arms talks in March, with Beijing assuring no atomic threats over Taiwan, according to two American delegates.
Four self-made millionaires echo the same advice for success: Just get started
Jason McGowan, Anne Mahlum, Edward Tirtanata and Shawn Tsao have one thing in common — they’re millionaire founders willing to sacrifice everything for a dream.
Putin signs deals with Vietnam in bid to shore up ties in Asia to offset Moscow’s growing isolation
Russian President Putin signed at least a dozen deals with his Vietnamese counterpart to offset its growing international isolation over its war in Ukraine.
CNBC Daily Open: S&P 500 crosses 5,500 level before erasing gains
The S&P 500 briefly passed the 5,500 mark for the first time before ending the session lower. The Nasdaq Composite dipped as Nvidia ran out of steam.
Asia stocks mostly fall after cooler-than-expected Japan inflation data; yen nears 159 against dollar
Japan’s headline inflation rate rose to 2.8%, higher than April’s figure of 2.5%.
