Trump says Iran wants a deal

Trump says Iran wants a deal

U.S. President Donald Trump looks on after disembarking Air Force One as he arrives at Joint Base Andrews in Maryland, U.S., April 12, 2026. Kevin Lamarque | Reuters The Iran war is “very close to over” with authorities in Tehran eager to agree a peace deal, U.S. President Donald Trump claimed in an interview broadcast…

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The hidden drag on China’s economy

The hidden drag on China’s economy

Pictured here is construction on the One Sunac Opus high-end apartment complex in Beijing on Oct. 17, 2024. Bloomberg | Bloomberg | Getty Images 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. Each week, we’ll explore the biggest business…

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Western food giants tap Chinese PE funds in battle for market share

Western food giants tap Chinese PE funds in battle for market share

Starbucks and Burger King are betting big on a partnership model that’s gaining traction in China: selling majority stakes to local private equity firms as the battle for market share rages on. Foreign food-and-beverage chains once thrived in China without adapting much — premium Western products practically sold themselves. Today, decisions made from distant headquarters…

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Nikkei 225, Kospi, Nifty 50

Nikkei 225, Kospi, Nifty 50

Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles George Pachantouris | Moment | Getty Images Asia-Pacific markets traded mixed Friday, after U.S. stocks declined overnight as Nvidia shares tumbled despite a quarterly earnings beat. Japan’s Nikkei 225 slid 0.6%, while the Topix traded flat. The benchmark Japanese index hit 59,000…

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