Category: CNBC
CNBC: Premier global source for financial news, international business, and economic updates.
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Sweden’s Saab posts record orders as fighter jet maker cashes in on higher defense spending
European governments ramp up defense spending and book orders with the region’s companies.
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CNBC Daily Open: Trump lashes out at electoral system and China in fiery speech
President Trump is doubling down on his 2020 election rigging claims, alleged Chinese interference, and on access to information via a new API product.
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Xi pitches China as AI partner to developing world, warns against risks and security overreach
China will provide developing countries with 5,000 opportunities in AI training and seminar programs, as well as develop AI cooperation with various blocs.
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World’s largest olive oil company says market has ‘definitively’ entered new phase
The update comes as analysts raise concerns about the prospect of global olive oil supplies swinging dramatically from one season to the next.
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India’s biggest IPO this year rakes in bids worth $31 billion, powered by institutional frenzy
The IPO of India’s largest asset manager closed on Thursday, drawing keen interest from institutional investors.
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Oil rises as Iran threatens retaliation if Trump targets country’s critical infrastructure
Oil prices rose Friday as investors weighed escalating threats between the United States and Iran.
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CNBC Daily Open: Trump takes the stage — without his longtime teleprompter operator
U.S. President Donald Trump is poised to give a primetime speech on Thursday focusing on election security, although with a new teleprompter operator.
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SoftBank sinks 8% as Japanese chip stocks track Wall Street AI sell-off
Japanese AI-linked stocks tumbled as a fresh rout in U.S. semiconductor shares spread across Asia after Taiwan Semiconductor Manufacturing’s outlook failed to reassure investors.
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Seven & i shares jump 4% on report of stake talks with Polish convenience chain Zabka
Shares of Seven & i Holdings Co. jumped 4% after a Nikkei report flagged stake talks with Poland’s Zabka Group.
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One of China’s top investors says finance, not AI, is the country’s biggest bottleneck
Finance would be China’s weak point in a prolonged rivalry with the U.S. which has the world’s deepest capital market, says Primavera Capital founder Fred Hu.
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