Shares of Gucci-owner Kering hit seven-year low after weak forecast, revenue drop on low China sales
Shares in Gucci-owner Kering fell on Thursday after the luxury group announced a sharp decline in revenue in the first half of the year.
Revolut clinches UK banking license, ending three-year wait
British fintech startup Revolut on Thursday that it had received a preliminary banking license with restrictions, bringing to an end a three-year wait.
Now you can see Taylor Swift’s costumes, shoes and instruments at a top London museum — for free
Swift’s costumes, and other objects from her archive, are being shown at a free “Songbook Trail” exhibition at London’s V&A museum.
Britain will soon lay out new plans to regulate ‘buy now, pay later’ firms like Klarna after delays
A U.K. Treasury department spokesperson said the government will set out plans to regulate “buy now, pay later” plans “shortly.”
Chinese banks cut deposit rates to relieve squeezed margins
Five of China’s major state-owned banks on Thursday cut deposit rates to cushion a hit after this week’s surprise lowering of lending benchmarks.
Europe stocks set to open lower amid global downturn; earning season ramps up
European markets are heading for a lower open Thursday, with a flurry of corporate earnings and a Wall Street selloff in focus.
CNBC Daily Open: Wall Street sinks, Tesla slumps
S&P 500 and Nasdaq tumble for worst day since 2022. Tesla slumps 12%. Ford misses earnings
Chinese EV startups are spending more on research than Tesla is
U.S.-listed Chinese electric car companies are spending more on research as a ratio to sales than Tesla, according to CNBC analysis.
Salary transparency gains steam in Asia as young people share their salaries online
Whereas California and New York require companies to share pay ranges on job postings, most companies in Asia limit pay transparency to internal stakeholders.
India likely to ease curbs on some Chinese investments, Reuters reports
India is likely to ease restrictions on Chinese investment in non-sensitive sectors like solar panels and battery manufacturing.
