Tesla and SpaceX CEO Elon Musk attends a state banquet for US President Donald Trump and China’s President Xi Jinping at the Great Hall of the People in Beijing on May 14, 2026. Brendan Smialowski | Afp | Getty Images Chinese President Xi Jinping told American CEOs travelling with President Donald Trump that the door…
The U.K. wants to issue more shorter-term debt in order to keep a lid on its runaway borrowing costs — but Goldman Sachs analysts say a shift to more T-bill issuance offers only “limited” fiscal improvement. The U.K.’s use of T-bills — shorter-dated, zero-coupon bonds with maturities typically under one year — has historically been…
China is focusing on large language models in the artificial intelligence space. Blackdovfx | Istock | Getty Images Production of Chinese chips could ramp up this year, as executives at the country’s biggest tech companies look to deploy more homegrown technology — as it’s reported U.S. chip giant Nvidia could return. On Wednesday, internet titan…
Air India Boeing 787 Dreamliner aircraft with registration letters VT-ANB flies over Tokyo, Japan, April 27, 2025 in this picture obtained from social media. Koki Takagi | Via Reuters Singapore Airlines-backed Air India will substantially cut international flights during the peak June to August travel period, as the Iran war-led airspace restrictions and record-high jet…
Electric-vehicle maker Polestar told CNBC Thursday that “range anxiety” has been replaced by “pump anxiety,” amid worries around a Middle East crisis that has global energy prices soaring. “People are concerned, ‘how much do I pay at the gas station?’” Polestar CEO Michael Lohscheller told CNBC’s “Squawk Box Europe.” The company is seeing increased demand…
U.S. President Donald Trump and Chinese President Xi Jinping attend a bilateral meeting at the Great Hall of the People on May 14, 2026 in Beijing, China. Alex Wong | Getty Images News | Getty Images As the world watches U.S. President Donald Trump and Chinese leader Xi Jinping’s historic summit, analysts suggest it could…
Burberry said this fiscal year marked a “meaningful inflection point,” as it posted quarterly results, boosted by the important Americas and China markets. Comparable sales grew 2% over the fiscal year, boosted by a 10% growth in both the Americas and China in the quarter ended March, the British luxury outerwear maker said. “All boxes…
Commuters cross London Bridge in London, England. Peter Summers | Getty Images News | Getty Images The U.K. economy grew 0.6% in the first quarter, according to preliminary figures from the Office for National Statistics on Thursday. It matches what economists polled by Reuters expected for the January-March period, and follows revised growth of 0.2% in the fourth…
Hello, this is Priyanka Salve, writing to you from Singapore. Welcome to the latest edition of “Inside India“ — your one-stop destination for stories and developments from the world’s fastest-growing large economy. For more than two decades, consecutive U.S. administrations have seen India as a counterbalance to China’s growing influence in the Indo-Pacific. But the current U.S…
The Ateela 2 Oil Tanker boat navigates the sea on April 28, 2026 on Qeshm Island, Iran in the Strait of Hormuz. Asghar Besharati | Getty Images Oil was struggling for direction Thursday as traders weighed OPEC’s lower demand outlook for this year, while the International Energy Agency flagged greater volatility ahead. International benchmark Brent crude futures for…
