Volkswagen announced Friday, March 13, 2026, that it started production of its first all-electric SUV, the ID. UNYX 08, that uses Xpeng’s automotive chip. Volkswagen Hi, this is Evelyn, writing to you from Beijing. Welcome to the latest edition of The China Connection — a succinct snapshot of what I’m seeing and hearing from local…
President Donald Trump said Monday that the U.S. has asked to delay his planned meeting with Chinese President Xi Jinping in Beijing by “a month or so” due to the ongoing war with Iran. Trump was expected to travel to China at the end of March for the meeting with Xi. But when asked in…
Treasury Secretary Scott Bessent said Monday that the administration has no plans to intervene in financial markets and may not have the authority to do so even if it wanted. In a CNBC interview, Bessent addressed rumors that the Treasury Department or some other arm of government might step in to try to lower oil…
Though oil prices have spiked in the aftermath during the Iran war, disruption in energy markets probably won’t lead to a major downturn in U.S. stocks, according to Sam Stovall at CFRA Research. The war – now in its third week – has brought about the biggest oil supply disruption in history by closing the…
An employee monitors bottles as they move along the drug production line inside the packaging unit at the Lupin Ltd. pharmaceutical plant in Salcette, Goa, India, Bloomberg | Bloomberg | Getty Images The closure of the Strait of Hormuz by Iran is a military strategy with vast consequences for the global economy, not just in…
U.S. President Donald Trump speaks to the media before boarding Air Force One on March 13, 2026 at Joint Base Andrews, Maryland. Nathan Howard | Getty Images Hello, this is Leonie Kidd writing to you from London. Welcome to another edition of CNBC’s Daily Open. A lot of developments to digest from the war in…
Energy analysts and traders said Monday that they wouldn’t be surprised if oil prices climb to as high as $200 per barrel as the sprawling Middle East crisis drags on. It comes as the U.S. and Israeli-led war on Iran continues to disrupt oil production and shipping in the region , with traffic through the…
Chinese Vice Premier He Lifeng, also a member of the Political Bureau of the Communist Party of China Central Committee, shakes hands with U.S. Treasury Secretary Scott Bessent prior to the first meeting of the China-U.S. economic and trade consultation mechanism in London, Britain, June 9, 2025. Li Ying | Xinhua News Agency | Getty…
Global markets have been turbulent since the first U.S. and Israeli strikes on Iran at the end of February, as soaring oil prices have weighed on equities and even so-called “safe haven” have been dragged into the volatility. Government bonds, which are often used to hedge portfolios against riskier assets like stocks, have been no…
TOPSHOT – A smoke plume rises from an ongoing fire at Dubai International Airport in Dubai on March 16, 2026. Flights were gradually resuming at Dubai airport on March 16, previously the world’s busiest for international flights, the airport operator said, after a “drone-related incident” sparked a fuel tank fire nearby, as Iran kept up…
