Tag: World economy
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Majority of U.S. workers support an AI wealth fund as tech layoffs surge, survey finds
A majority of U.S. employees now want an AI sovereign wealth fund to hold corporations more accountable, according to a recent survey, as tech layoffs rise.
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Inside India newsletter: India’s $50 billion worth of IPOs at risk as Trump ends Iran ceasefire
After a slow start this year, IPOs worth $50 billion were ready to hit Indian markets. These plans are at risk after the U.S. ended the ceasefire with Iran.
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CNBC’s The China Connection newsletter: What to watch for in the second half
After a tumultuous first half of the year, China prioritizes AI, IPOs and diplomacy during a critical H2.
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UK and France agree with Oman to ensure safety of its territorial waters
France said it has deployed mine countermeasures to the Middle East, including two mine-hunting ships.
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Inside India newsletter: Amazon, Walmart-owned Flipkart get ready to shake up India’s delivery-in-minutes sector
Amazon and Walmart-owned Flipkart are scrambling to expand quick commerce operations in India, not just to chase growth but to remain relevant to consumers.
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UAE’s MGX raises one of the biggest AI funds ever as it closes at $49 billion
The company is a backer of major AI companies including OpenAI and Anthropic, alongside Elon Musk’s xAI, prior to its merger with SpaceX.
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Oil prices wobble as breakdown in U.S.-Iran talks casts doubt over peace process
Oil prices were lower on Wednesday after Iran said it would not meet with U.S. delegates for talks in Qatar, amplifying concern about the peace process.
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Oil prices set for steep monthly drop as Trump, Iran issue mixed messages on talks in Qatar
The moves come as oil traders monitor the prospect of U.S.-Iran talks in Doha on Tuesday.
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CNBC’s The China Connection newsletter: U.S.-China tech rivalry heats up—in other countries
U.S. and Chinese tech companies are increasingly pursuing opportunities outside their home markets, with government policy support.
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Chevron CFO says gas prices will normalize after Trump presses Big Oil
Her comments come shortly after President Donald Trump ordered an investigation into Big Oil, accusing them of “gouging” consumers.
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