Alibaba earnings miss expectations despite cloud acceleration
Alibaba continues to face headwinds in its core e-commerce business amid rising competition and a cautious Chinese consumer.
European markets higher as investors digest UK growth, cooler-than-expected U.S. inflation
European stocks opened higher Thursday as investors digest cooler-than-expected inflation readings in the U.S and U.K.
North Korea to reopen for international visitors, tour operators say
North Korea will resume international tourism this winter, ending a COVID-era ban on travelers, according to operators that organize trips to the country.
UK economy expands 0.6% in second quarter; June growth stalls
GDP has recorded slight but steady growth almost every month so far this year as the U.K. exits a shallow recession.
Tencent-backed Airwallex hits $500 million annualized sales, aims to get IPO-ready by 2026
Payments startup Airwallex has reached an annual revenue run rate of $500 million and will be ready for an IPO by 2026, CEO Jack Zhang told CNBC.
Ukraine must decide how its Russian incursion ends — advance further or retreat before it’s too late
Ukraine must decide whether to try to hold or advance its incursion, or to withdraw now before Russia mounts what could be a furious and deadly response.
Walmart beats estimates, raises outlook as it sees stable consumer health
Walmart beat quarterly earnings and revenue estimates and hiked its full-year guidance.
Bank of Japan will take longer to hike rates given the yen’s rapid strengthening, BMI says
Following market turbulence, BOJ’s Deputy Governor Uchida Shinichi released a statement affirming that the bank would not raise rates amid market instability.
Schumer says a crypto bill can pass Senate this year; key Dems join ‘Crypto4Harris’ call
Top Democrats joined virtual town hall to back crypto and a Kamala Harris administration.
