Tag: World economy
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Up 3,600%, this freight fund has posted the biggest gains of all on Iran war oil shock
The U.S.-Iran war has caused oil prices to surge and added to freight stress from tariffs, but no shipping trade has boomed quite like crude oil tanker futures.
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Trump’s America-first world is pushing other powers to hedge their bets
Xi, Putin and Modi meet in New Delhi as U.S. tariffs, sanctions and the Iran war test whether BRICS members can find more common ground.
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Modi and Xi are set to meet at BRICS with trade and border issues in spotlight
A meeting with Prime Minister Narendra Modi would be the clearest test yet of the tentative post-2020 reset between Asia’s two largest economies.
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CNBC’s The China Connection newsletter: China’s weak consumer becomes the world’s problem
A Group of 20 finance meeting in the U.S. this month has now elevated the debate over whether China’s exports have cost people in other countries their jobs.
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U.S. sanctions Turkish bank accused of enabling Iran as Bessent says he ‘hopes for’ no further bank penalties
President Donald Trump hyped the sanctions plan as “economic D-Day” against Iran, but the U.S. has so far taken few steps to implement it.
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G20 live updates: Lutnick to host AI policy talks with Huang, Altman in Chapel Hill
Follow Day 2 of the G20 Innovation Ministerial in Chapel Hill, North Carolina, with Jensen Huang, Sam Altman, and ministers discussing AI, policy and trade.
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Bessent touts bond market as 10-year Treasury yield spikes
Treasury Secretary Scott Bessent downplayed short-term bond moves even as he touted the U.S. market, saying, “what happens over a month doesn’t matter.”
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CNBC’s The China Connection newsletter: McKinsey’s contrarian economic view
In many ways it seems that the party has ended for many U.S. and European corporations that once enjoyed a big advantage in China.
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Bank of England chief warns new AI models threaten global financial stability
Bank of England Governor Andrew Bailey has warned that frontier AI could materially increase cyber risks to the global financial system.
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Bill Gates warns ‘there is no plan’ for the ‘upheaval’ AI will cause
Bill Gates warned governments are not adequately preparing for how AI could displace workers, strain social systems and create global risks.
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