Europe stocks close higher, euro and sterling climb as Powell says ‘time has come’ for lower rates
European stocks closed higher Friday as investors digested Fed Chair Jerome Powell’s speech late in the session from Jackson Hole, Wyoming.
Daughter of tech entrepreneur Mike Lynch retrieved from sunken superyacht off Sicily
Divers on Friday retrieved Hannah Lynch, the daughter of Mike Lynch, from the wreckage of a yacht, a source familiar with the matter told CNBC.
CN workers threaten strike, vow to fight Canada move to end rail shutdown
The union representing workers at Canadian National Railway said on Friday they would strike next week. A lockout at rival CPKC has yet to be lifted.
Nestle CEO departure seen as ‘not such a bad thing’ for investors, analyst says
Nestle has replaced its CEO Mark Schneider with company veteran Laurent Freixe in a bid to shake up its fortunes.
World’s second-largest diamond discovered in Botswana
One of the largest diamonds ever to be excavated was found in Botswana at a mine owned by Canadian firm Lucara Diamond.
New, deadlier mpox found in Thailand: These Asian nations have ramped up precautions
More cases of the dangerous strain has been identified outside the African continent.
No longer a financial reservoir? Saudi Arabia’s spending confirms clear shift in strategy
The kingdom’s $925 billion sovereign wealth fund, the Public Investment Fund, saw its assets jump 29% in 2023 — and domestic investment was a major driver.
Japan’s yen has seen wild swings this year — is it still a safe-haven asset?
Throughout most of 2024, the yen has seen weakness levels not seen since 1986, BOJ interventions, and a rapid strengthening after the BOJ raised rates.
Alibaba to upgrade Hong Kong listing in a bid to attract Chinese investment
Shareholders of Chinese e-commerce giant Alibaba have approved a plan to upgrade its Hong Kong listing to primary status, the company said on Friday.
Europe’s wineries battle to survive as extreme heat hurts production
Extreme weather is threatening production at southern Europe’s wineries, with one fine wine grape variety at risk of extinction.
