A recovery in European luxury stocks has been upended by the Iran war, but they could see a “sharp reversal” if the geopolitical situation improves, Deutsche Bank said on Wednesday. Shares of major players like LVMH , Kering , Richemont and Hermes are down between 10% and 20% since the first attacks on Iran on…
City workers in the La Defense business district of Paris, France, on Thursday, Oct. 9, 2025. Nathan Laine | Bloomberg | Getty Images Europe-listed shares opened sharply lower on Thursday, as fears of escalation in the U.S.-Iran war gripped global markets once again. Shortly after the opening bell, the pan-European Stoxx 600 was 1.2% lower,…
Singapore prosecutors charged one more person with fraud on Thursday for making false representations to U.S. server supplier Dell Technologies, linking her to two other individuals charged with similar offences in February last year. Jenny Lim was charged with conspiring with Alan Wei Zhaolun and Aaron Woon Guo Jie in 2024 to commit fraud by misleading Dell that Aperia International would be the end-user of the…
U.S. President Donald Trump acknowledges those in attendance after speaking from the Cross Hall of the White House on April 1, 2026 in Washington, DC. Alex Brandon | Getty Images U.S. President Donald Trump said the U.S. will hit Iran “extremely hard” over the next two or three weeks in a national address on Wednesday. “We’re going…
U.S. President Donald Trump attends to sign an executive order in the Oval Office of the White House in Washington, D.C., March 31, 2026. Evan Vucci | Reuters Hello, this is Dylan Butts writing to you from Singapore. Welcome to another edition of CNBC’s Daily Open. U.S. markets opened the second quarter in the green…
TOPSHOT – Police officers look at a building of the North Sumatra’s National Sports Committee of Indonesia (KONI) damaged following a severe 7.4-magnitude offshore quake in Manado, North Sulawesi on April 2, 2026. (Photo by Tonny Rarung / AFP via Getty Images) Tonny Rarung | Afp | Getty Images An earthquake of magnitude 7.6 struck in Indonesia’s Northern…
The Liberia-flagged crude oil tanker Shenlong Suezmax successfully docked at Mumbai Port after navigating the high-risk Strait of Hormuz amid the intensifying West Asia conflict on March 11, 2026 in Mumbai, India. Hindustan Times | Getty Images Oil jumped in volatile trading as U.S. President Donald Trump warned of further military aggression against Iran in…
Traders work on the floor of the New York Stock Exchange during morning trading on March 30, 2026 in New York City. Michael M. Santiago | Getty Images U.S. stock futures fell on Wednesday night after President Donald Trump indicated that the Iran war would continue. S&P 500 futures declined 0.8%, and Nasdaq 100 futures…
David Ricks, CEO of Eli Lilly, speaks in the Oval Office during an event about weight-loss drugs at the White House in Washington, DC on Nov. 6, 2025. Andrew Caballero-Reynolds | AFP | Getty Images Eli Lilly opposes the White House’s push to codify “most favored nation” drug pricing into law, CEO Dave Ricks said…
BERLIN, GERMANY – MARCH 16: A truck and a bicyclist pass by a petrol station that shows gasoline prices well over EUR 2.00 per litre on March 16, 2026 in Berlin, Germany. The German government, in response to dramatic price increases of petrol in Germany since the outbreak of the U.S.-Israeli military conflict with Iran,…
