PATNA, INDIA – OCTOBER 31: Bihar Chief Minister Nitish Kumar along with BJP national president J.P. Nadda, HAM party founder Jitanram Manjhi, RLM president Upendra Kushwaha and others releasing NDA manifesto (Sankalp Patra) ahead of Bihar Assembly Elections 2025 Hindustan Times | Hindustan Times | Getty Images The electoral victory for Indian Prime Minister Narendra…
Britain’s Chancellor of the Exchequer Rachel Reeves (R) stands with Britain’s Prime Minister Keir Starmer (L) as she is applauded after delivering her speech on the second day of the annual Labour Party conference in Liverpool, north-west England, on September 29, 2025. Oli Scarff | Afp | Getty Images If political maneuvers were a dance,…
A nascent rebound in Chinese consumer appetite, paired with resilient U.S. spending, is reigniting the luxury sector, with Richemont , Salvatore Ferragamo , LVMH and Ralph Lauren are emerging as key names to watch. Chiara Battistini, head of European luxury and sporting goods at J.P. Morgan, said the bank continues to favor Richemont, which has been…
U.S. Trade Representative Jamieson Greer is interviewed by a TV network at the White House in Washington, D.C., U.S., Oct. 30, 2025. Kylie Cooper | Reuters The U.S. and Switzerland have reached a trade deal, U.S. Trade Representative Jamieson Greer told CNBC on Friday. Duties will be reduced to 15%, the Swiss government said in…
Walmart CEO Doug McMillon is retiring early next year, the company said Friday in a filing. The longtime CEO will be succeeded by John Furner, the Walmart U.S. CEO, on Feb. 1.Both changes take effect then. “John Furner is the right leader to guide Walmart into our next chapter of growth and transformation,” Walmart Chairman…
A member of staff walks beneath a trading board at the London Stock Exchange on April 25, 2025 in London, England. Carl Court | Getty Images News | Getty Images European stocks were sharply lower on Friday as concerns about an artificial intelligence bubble and the global economy shook investor confidence. By 12:20 p.m. in…
Key Points Alibaba plans to use “tokenization” of payments for cross-border transactions in its business-to-business arm. Kuo Zhang, president of Alibaba.com told CNBC the company would work with JPMorgan, which has its own tokenization technology. The cross-border e-commerce unit also launched new AI features to help connect suppliers and buyers on its global platform. Alibaba…
US President Donald Trump speaks to reporters as he arrives at Palm Beach International Airport on Oct. 31, 2025 in West Palm Beach, Florida. Samuel Corum | Getty Images U.S. President Donald Trump is once again on the warpath against a major global media company, having threatened the BBC with a $1 billion lawsuit this…
The United States said Thursday it will remove tariffs on some foods and other imports from Argentina, Ecuador, Guatemala and El Salvador under framework agreements that will give U.S. firms greater access to those markets. The agreements are expected to help lower prices for coffee, bananas and other foodstuffs, a senior Trump administration official told…
CHENGDU, CHINA – OCTOBER 18: People walk past the Louis Vuitton store at Taikoo Li, a high-end shopping area that combines traditional Sichuan-style architecture with modern luxury retail, on October 18, 2025, in Chengdu, China. Cheng Xin | Getty Images News | Getty Images China’s slowdown worsened in October, dragged by soft consumer demand and…
