Nigeria battles to halt spiraling currency crisis and rising food insecurity
Nigeria is battling to contain a historic currency crisis and soaring inflation, with the IMF warning that almost one in 10 face food insecurity.
Apple iPhone sales plunge 24% in China as Huawei smartphone business resurges, report says
Analyst firm Counterpoint Research said iPhone sales dropped 24% in the first six weeks of 2024 as Apple faced stiff competition from local smartphone firms.
Bayer calls off break-up to tackle challenges for up to 3 years
Bayer said on Tuesday it will hold off on plans to break up the diversified group to focus instead on improving the operating performance.
Tesla shares slip 4.5% after suspected arson attack halts production at Berlin Gigafactory
It comes as Tesla’s expansion plans for its Gruenheide plant face fierce opposition.
AMD reportedly hits U.S. regulatory roadblock for China-tailored chip
Bloomberg reported the Commerce Department did not clear the chip for sale in China because it was still too advanced.
China’s 5% GDP goal is ‘attainable’ but it won’t be easy, says Hong Kong’s financial secretary
China’s 2024 GDP target of 5% is achievable, but the trajectory won’t be an easy one, said Hong Kong’s financial secretary.
CNBC Daily Open: Will the Fed not cut rates in 2024?
No interest rate cuts in 2024? That would seem pretty far-fetched for many market watchers. But not for Torsten Slok, chief economist at Apollo Global Management.
Debate heats up as Singapore prime minister says exclusive Taylor Swift deal isn’t ‘unfriendly’
Singapore Prime Minister Lee Hsien Loong said Tuesday the country’s closed-door deal with Taylor Swift’s promoters is “not unfriendly” to nearby countries.
China EV shares are feeling the heat as price war concerns grow
China’s EV market, which is the world’s largest and most crowded, is seeing fierce competition to win market share through promotions and price cuts.
Target shares pop more than 12% as retailer boosts profits, despite lackluster sales forecast
Target grew profits even as sales stagnated, and said it plans to launch a new membership program.
