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European Central Bank (ECB) President Christine Lagarde announces a new monetary policy decision. Frederick Florin | Afp | Getty Images The euro traded higher against the U.S. dollar Wednesday, following comments from the European Central Bank President Christine Lagarde that inflation is “still high.” The euro was up by roughly 0.2% against the U.S. currency … Read more
Both Ukraine and Russia claim they’ve been targeted by drones Ukraine’s capital Kyiv was targeted by Russian drone strikes overnight, regional officials said Wednesday, while the Russian-installed governor of Sevastopol in occupied Crimea also claimed Russia’s Black Sea Fleet had been targeted by drones. “The enemy does not stop attacking Kyiv. This night, the terrorist … Read more
U.K. inflation data paints a picture of the British economy. Bloomberg / Contributor / Getty Images U.K. inflation unexpectedly jumped in February, as food and energy bills continued to rise, placing further pressure on households. The consumer price index (CPI) increased by an annual 10.4%, above the 9.9% consensus forecast among economists in a Refinitiv … Read more
Germany’s plans to legalize cannabis for adult-use are one of a series of socially progressive policies proposed by Chancellor Olaf Scholz’s “traffic light” coalition government. Picture Alliance | Getty Images BERLIN — Germany could be weeks away from introducing a bill to legalize cannabis under sweeping reforms that would greenlight the consumption and sale of … Read more
Chinese President Xi Jinping and Russian President Vladimir Putin toast during a reception following their talks at the Kremlin in Moscow on March 21, 2023. Pavel Byrkin | Afp | Getty Images BEIJING — Chinese President Xi Jinping and Russian President Vladimir Putin have agreed to cooperate on a range of economic and business areas, … Read more
A number of funds could be facing over $100 million in losses on their Credit Suisse investments after the lender’s forced merger with its rival UBS . The funds face losses on Credit Suisse’s additional tier-1 bonds (AT1), according to CNBC Pro analysis, after Swiss regulators deemed them worthless as part of the emergency merger … Read more
CNBC’s Ted Kemp says Ukraine knows it’s winning the war and has Russia on the “proverbial backfoot.” Source link
In 2022, the fintech world took a beating, with some of the world’s most richly valued companies seeing their valuations slashed. But innovation is still happening — with a vengeance. Oscar Wong | Moment | Getty Images CNBC and independent research firm Statista are working together to identify the world’s top fintech companies, to be … Read more
Investors have been flocking to gold and Treasurys as bank stocks have been whacked by the shuttering of Silicon Valley Bank and Credit Suisse’s implosion. Sven Hoppe | Picture Alliance | Getty Images Gold prices have more room to run as global banks struggle and the U.S. Federal Reserve renders another interest rate decision, potentially … Read more
Virgin Orbit flew its modified Boeing 747 airplane “Cosmic Girl” with the company’s LauncherOne rocket under its wing for the first time on November 18, 2018. Virgin Orbit Virgin Orbit is returning a “small” team to work on Thursday, according to a company-wide email obtained by CNBC, as it aims to prepare for its next … Read more