Temu, the Chinese e-commerce platform, is drawing shoppers from U.S. dollar stores, data shows
Temu, the fast-growing Chinese e-commerce platform, is quickly taking on U.S. discount stores like Dollar General, Five Below and Dollar Tree.
Nominate a company for CNBC’s 2024 Disruptor 50 list
CNBC is now accepting nominations for the 2024 Disruptor 50 list — our twelfth annual look at the most innovative venture-backed companies.
UK PM Rishi Sunak seeks to prevent right-wing revolt with ‘toughest immigration law ever’
U.K. Prime Minister Rishi Sunak wants to shelve some human rights laws in order to get his flagship Rwanda policy through parliament.
China’s economy has a ‘steep hill to climb’ despite positive export surprise, HSBC says
The Chinese economy still has a “steep hill to climb” despite a surprise pickup in exports and is unlikely to be bolstered by further fiscal stimulus, according to HSBC’s chief Asia economist.
Microsoft’s president meets with the Chinese government to discuss AI co-operation
Microsoft President Brad Smith met with China’s minister of commerce to discuss topics ranging from artificial intelligence to trade relations.
Robinhood launches crypto trading service in the EU
Robinhood on Thursday launched its crypto service in the European Union, allowing users to buy and sell a range of over 25 digital currencies.
UN chief invokes rarely used power to push for Israel-Hamas cease-fire
In a dramatic move, Guterres wrote to members of the Security Council and urged them to collectively call for a full humanitarian cease-fire.
Hong Kong may have to brace for volatility amid challenges in 2024, financial secretary says
Hong Kong may have to gear up for “a lot of volatility” in the coming new year, says its financial secretary Paul Chan.
Putin’s spy chief says Ukraine could become a ‘second Vietnam’ for the U.S. as it drags on resources
President Joe Biden pleaded with Republicans Wednesday for a fresh tranche of aid for Kyiv, warning that victory for Russia in Ukraine would strengthen Moscow.
Moody’s cuts outlook for eight China banks on potential credit quality decline; downgrades Hong Kong too
Moody’s Investors Service cut its outlook for eight Chinese banks to negative from stable on Wednesday, following an identical downgrade to China’s credit rating a day earlier.
