European markets close lower; Drinks makers slump on Chinese tit-for-tat tariffs
European markets ended lower Tuesday afternoon as regional sentiment soured further after a shaky start to the week.
China takes swing at European Union with brandy duties after EV tariff vote
The move came days after the European Union pressed ahead in adopting definitive tariffs of up to 45% on China-made battery electric vehicles last Friday.
China’s growth is set to slow next year despite temporary boost from stimulus, World Bank warns
China’s economic growth rate is expected to decline further in 2025 despite a temporary boost from a raft of recent stimulus measures, the World Bank says.
S&P’s Dan Yergin warns of ‘dangerous time’ for global economy as Middle East tensions fester
The global economy is staring at a “dangerous time” like never before as Middle East tensions remain elevated, said S&P Global’s vice chairman Daniel Yergin.
Why oil and gas markets are dreading the risk of supply disruption in the Strait of Hormuz
An escalating conflict in the Middle East has thrust the world’s most important oil artery back into the global spotlight.
Apple could launch a ring to rival Samsung by 2026, research firm predicts
Apple could launch a connected ring to rival Samsung by 2026, according to CCS Insight, adding to the U.S. tech giant’s focus on health.
China state planner lays out further actions to boost economy but no new plans for major stimulus
China will speed up special purpose bond issuance to local governments to support regional economic growth, senior NDRC officials said.
Samsung issues lengthy apology after disappointing profit guidance — read the full statement
Samsung Vice Chairman, Jun Young-hyun, who is the new head of the company’s Device Solutions Division, issued a rare apology.
China rally loses steam as authorities disappoint markets; Hong Kong stocks plunge more than 9%
Household spending in Japan fell 1.9% year-on-year in August, a softer fall compared to the 2.6% decline expected by a Reuters poll of economists.
CNBC Daily Open: Fear is the stock killer
Concrete numbers are driving market movement. But there’s an undercurrent of fear that can perhaps run contrary to what some of those numbers are saying.
