Commerzbank board member warns of significant job losses with a hostile UniCredit takeover
Commerzbank supervisory board member Stefan Wittmann told CNBC’s Annette Weisbach that “we certainly hope we can avoid” a hostile takeover by the Italian bank.
China launches probe into Calvin Klein parent over Xinjiang supply chain ‘disruptions’
China’s Ministry of Commerce said it was launching a probe into Calvin Klein-parent PVH Group over alleged business disruptions involving Xinjiang.
Biden’s final UN speech seeks hope amid grim wars in the Middle East, Ukraine, Sudan
The Biden administration is working toward a cease-fire and hostage deal in Gaza, even as the president’s term comes to a close.
Israel and Hezbollah carry out new attacks amid fears of wider conflict
After almost a year of war against Hamas in Gaza on its southern border, Israel is shifting its focus to the northern frontier.
JPMorgan CEO Jamie Dimon warns ‘geopolitics is getting worse’
The JPMorgan Chase CEO said in an interview with CNBC-TV18 that his “caution is all geopolitics, which may determine the state of the economy.”
Raspberry Pi’s strong first half sends share price up 7%
Raspberry Pi, the British computer company that floated in June, reported on Tuesday stronger-than-expected adjusted earnings of $20.9 million for the first half.
China’s auto stocks rise unfazed by U.S. proposal to ban Chinese car parts
Shares of Chinese automakers climbed in spite of news that the U.S. government is mulling a new proposal to ban Chinese and Russian car parts.
CNBC Daily Open: Fedspeak reassures markets
We were treated to abundant Fedspeak on Monday. It reinforced the narrative the central bank has been on top of its game to ensure a soft landing.
European markets trade higher, buoyed by China’s stimulus measures
European stocks traded higher Tuesday, buoyed by China’s central bank monetary stimulus measures.
These are the top 10 global talent hubs in the world — and the U.S. isn’t one of them
Switzerland dominates as the world’s most talent-competitive country, according to the 2024 IMD World Talent Ranking.
