Oil CEO says blaming the energy industry for the climate crisis ‘like blaming farmers for obesity’
The burning of coal, oil and gas is by far the largest contributor to the climate crisis.
An EU wealth tax and the end of U.S. capitalism: One bank’s ‘outrageous’ predictions for 2024
An EU wealth tax and the “end of capitalism” in the U.S. are just some of the “outrageous predictions” put forward by Saxo Bank in a report published Tuesday.
China’s EV carmaker Nio jumps 4% after reporting narrower-than-expected losses
Nio is facing stiff competition from other startups like Xpeng and Li Auto, as well as from giants such as Tesla and BYD.
Israel expands offensive in southern Gaza as UN says civilians must be protected
U.N. Secretary-General Antonio Guterres urged the prevention of more civilian harm.
Nokia plunges to three-year low after losing major AT&T deal to rival Ericsson
AT&T spend could near $14 billion over its five-year contract with Ericsson, as they deploy an open-radio access network in the U.S., the companies said.
Moody’s cuts China’s credit outlook to negative on rising debt risks
This move underscores concerns over rising debt levels and the impact on broader growth in the world’s second-largest economy
Should a company rate its staff? A former Amazon exec says ‘stack ranking’ is useful when done right
“To have an ‘A’ team, you need to continually evaluate your talent,” says former Amazon attorney Alykhan Sunderji, who spent nine years at the company.
CNBC Daily Open: The rush for gold — and bitcoin
U.S. equity markets have received the lion’s share of attention over the past five weeks, but now investors seem to be captivated by the new and shiny.
U.S. export controls need to ‘change constantly’ even if it’s tough for businesses, Secretary Raimondo says
U.S. Commerce Secretary Gina Raimondo told CNBC in an exclusive interview that more controls on tech exports to China will be coming, despite business concerns.
China’s policy support is a ‘stop-gap’ measure — not stimulus, SocGen economist says
China’s recent policy support is aimed at fixing its system and shouldn’t be seen as economic stimulus, says Societe Generale’s Wei Yao.
