This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story Sitting in his new Beijing office, AI2 Robotics Founder and CEO Eric Guo wistfully reflected on fundraising challenges in China — and noted that U.S.-based…
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here. Follow CNBC’s coverage of the Budget throughout the day on our live blog here. The dispatch Despite the millions of words written and spoken about today’s Budget, the event will probably be all but forgotten a decade hence….
After a long wait, the Autumn Budget is finally here Chancellor Rachel Reeves poses with the red box outside number 11 Downing Street on October 30, 2024 in London, England. This is the first Budget presented by the new Labour government and Chancellor of the Exchequer, Rachel Reeves. Dan Kitwood | Getty Images News |…
Key Points U.K finance minister is expected to make inflation-dampening measures her “rabbit out of the hat” in Wednesday’s historic budget. But a plethora of tax-raising measures may not resolve the underlying questions regarding the U.K.’s fiscal position. The fiscal fallout from the budget could prompt more interest rate cuts, investment strategists told CNBC. Strategists…
New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 2.25% on Wednesday, its lowest level since mid-2022. Hagen Hopkins | Getty Images News | Getty Images New Zealand’s central bank cut its benchmark official cash rate by 25 basis points to 2.25% on Wednesday, its lowest level since mid-2022, but policymakers signaled…
Jensen Huang, chief executive officer of Nvidia Corp., during the Taiwan Semiconductor Manufacturing Co. (TSMC) sports day event in Hsinchu, Taiwan, on Saturday, Nov. 8, 2025. Lam Yik Fei | Bloomberg | Getty Images Uneasy lies the head that wears the crown. Shares of artificial intelligence czar Nvidia fell 2.6% on Tuesday as signs of…
The Bank of Japan headquarters in Tokyo on May 30, 2024. Kazuhiro Nogi | Afp | Getty Images The Bank of Japan is preparing markets for a possible interest rate hike as soon as next month, sources say, reviving previous hawkish language as worries about sharp yen declines return and political pressure for the bank to keep rates low fades. A…
Pedestrians at Pitt Street Mall in Sydney, Australia, on Thursday, July 24, 2025. Brendon Thorne | Bloomberg | Getty Images Australia’s inflation accelerated in October, beating analysts’ estimates and rising at its fastest pace in seven months, the Australian Bureau of Statistics said Wednesday. The consumer price index rose 3.8% in October, year on year,…
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Nov. 25, 2025. Brendan McDermid | Reuters Stock futures are near the flatline Tuesday night after back-to-back winning sessions for major averages. Futures tied to the Dow Jones Industrial Average ticked up 21 points, 0.04%. S&P futures and…
Despite the recent crash of an India-made Tejas fighter jet at an airshow in Dubai, investors are bullish on New Delhi’s defense ambitions as the country seeks to double its military production to 3 trillion rupees (about $33 billion) by 2029 . It also aims to raise its defense exports to 500 billion rupees by…
