Trump tariffs likely to lead to higher U.S. interest rates, head of Institute of International Finance says
“The assumption is you’ll have higher inflation, higher interest rates than you would have in the absence of those tariffs,” said IIF CEO Tim Adams.
Lilium was once a promising ‘air taxi’ startup worth billions. Now it’s on the brink of insolvency
German aerospace startup Lilium faces insolvency if it doesn’t raise emergency funding from the state government for the southeastern state of Bavaria.
German court rules against Deutsche Bank in Postbank acquisition lawsuit
Deutsche Bank said it will now analyze the judgement and noted it has booked provisions covering all outstanding claims by the plaintiffs, including interest accrued to date.
Crypto firm Circle expects the UK to introduce stablecoin laws in ‘months, not years’
“I think we’re within months, not years” of formal U.K. stablecoin laws being introduced, crypto firm Circle’s top policy executive told CNBC.
Qualcomm shares fall after report of Arm threat to scrap key license in escalating dispute
Qualcomm shares fell on Wednesday after Bloomberg reported that British chip designer Arm is looking to scrap a key license for the U.S. firm.
Trump campaign accuses UK’s Labour Party of election ‘interference’
Donald Trump’s campaign has accused British Prime Minister Keir Starmer’s Labour Party of “blatant foreign interference” in the U.S. presidential election.
CNBC Daily Open: The S&P could continue its ascent despite pausing
With elections and high valuations, the path ahead for markets may be rocky. But the S&P might persist in scaling an ever-ascending mountain range.
China and Russia’s ‘profound’ ties will not change despite ‘turbulent’ geopolitical landscape, Xi tells Putin
Putin called the partnership “one of the main stabilizing factors in the international arena.”
Deutsche Bank shares fell as lender’s swing back to profit fails to impress
The partial release of 440 million euros of litigation provisions in the third quarter helped boost profit, Deutsche Bank said.
Russia says it has no intention of abandoning Iran as it faces Israel’s wrath
“We are developing cooperation with Iran in a variety of areas. We intend to do this further,” Kremlin Press Secretary Dmitry Peskov told CNBC Tuesday.
