Saudi Arabia offers 30-year tax relief plan to lure regional corporate HQs
The announcement is the latest move in Saudi Arabia’s aggressive campaign to attract international investment and headcount to the kingdom.
U.S. consumers will soon wake up to ‘out of control’ interest on their credit cards, economist says
Real incomes are not rising enough to cover the increase in debt burdens, according to Carl Weinberg.
Europe travel giant Tui rallies after it forecasts 25% jump in operating profit
Revenue rose 11% to 8.5 billion euros ($9.17 billion), while investors zeroed in on a forecast for EBIT to increase by at least 25% year-on-year in 2024.
10-year Treasury slides, hitting fresh September low
The 10-year U.S. Treasury yield slid on Wednesday as investors assessed the state of the economy after the latest labor market data.
CNBC Daily Open: Buzz words of the day — tech, AI, crypto
December isn’t shaping up to be as slow as it ordinarily is. Apple remains on top and Elon Musk is now raising fresh capital for his AI startup.
U.S. ‘losing a tremendous amount of credibility in the Arab world,’ ex-Egyptian minister says
President Joe Biden has stressed that the United States believes the conflict between Israel and Hamas must end with a vision of a “two-state solution.”
‘It’s game on’: The world’s largest iceberg is on the move. Scientists explain why it matters
Scientists say the juggernaut’s breakaway from Antarctica is a stark reminder of the potentially disastrous implications as global sea levels rise.
‘A very tricky conundrum’: Experts give their verdict on saving vs. investing as inflation falls
Experts weigh in on saving, investing and risk-taking as inflation falls and interest rates remain high.
There’s a water crisis looming. Big Tech and AI could make it worse
Tech giants deeply involved with AI research have reported a massive jump in their water consumption. Researchers say that AI is partly to blame, as these companies use millions of liters of water to keep temperatures in check at their data centers.
Nvidia to develop new chips that comply with U.S. export regulations
Nvidia will continue to develop a new set of products that comply with U.S. government regulations involving exports of high-end chips to China.
