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Toy group VTech to move production out of China despite tariff reprieve

Hong Kong-based group pushes ahead with plan to shift US-bound production and warns US consumers face higher prices

Published on: May 14, 2025 | Source: Financial Times - World favicon Financial Times - World

The wealthy can't find enough people to manage their money. Here's why

The talent crunch is not just owed to a lack of qualified candidates β€” it's also selectivity on the part of family offices.

Published on: May 14, 2025 | Source: CNBC International favicon CNBC International

Western carmakers risk wipeout in China, warns Jeep owner Stellantis

Maxime Picat, one of two internal candidates for next group CEO, β€˜shocked’ at foreign groups’ loss of market share

Published on: May 14, 2025 | Source: Financial Times - World favicon Financial Times - World

How EV subsidies are taking the UK back to the 1970s

A cautionary tale about good intentions messing up the tax system

Published on: May 14, 2025 | Source: Financial Times - World favicon Financial Times - World

Migrants who arrived in UK after 2020 face five more years on settlement path

Government’s migration crackdown set to double default period for those pursuing potential pathway to citizenship

Published on: May 14, 2025 | Source: Financial Times - World favicon Financial Times - World

Chinese startup Pony.ai reports first robotaxi fire, no injuries

Electric cars such as those from Tesla, which is trying to develop its own robotaxi, have previously caught blaze.

Published on: May 14, 2025 | Source: CNBC International favicon CNBC International

Germany accuses three Ukrainians in exploding parcel plot β€˜linked to Russia’

Arson attempt is latest alleged case of hybrid warfare being waged by Moscow on European soil

Published on: May 14, 2025 | Source: Financial Times - World favicon Financial Times - World

Chinese tech giant Tencent posts 13% revenue jump as growth at key gaming unit surges

Tencent on Wednesday reported an annual rise in its top and bottom line in the first quarter fuelled by accelerated growth in its key gaming business.

Published on: May 14, 2025 | Source: CNBC International favicon CNBC International

EU court rules against Ursula von der Leyen over missing Pfizer texts

European Commission president exchanged messages with US pharmaceutical CEO during negotiations for Covid vaccines

Published on: May 14, 2025 | Source: Financial Times - World favicon Financial Times - World

Bank of America executive appointed to senior UK Treasury role

Jim O’Neil named second permanent secretary focused on growth

Published on: May 14, 2025 | Source: Financial Times - World favicon Financial Times - World

OrbΓ‘n backing Romanian nationalist riles up Hungarian voters

Support for ultranationalist George Simion causes uproar in Romania’s ethnic Hungarian community

Published on: May 14, 2025 | Source: Financial Times - World favicon Financial Times - World

Mortgage demand from homebuyers continues to recover, even with higher interest rates

After falling for most of April, homebuyer mortgage demand rose for the second straight week, as buyers are enticed by more inventory.

Published on: May 14, 2025 | Source: CNBC International favicon CNBC International

Minerals for muscle? Why Trump's Ukraine resources deal could be a sign of things to come

Critical minerals refer to a subset of materials considered essential to theenergy transition.

Published on: May 14, 2025 | Source: CNBC International favicon CNBC International

Stock and crypto trading site eToro prices IPO at $52 per share ahead of Nasdaq debut

Israel-based stock brokerage platform eToro said it has priced shares for its IPO at $52, which would value the company at about $4.2 billion

Published on: May 14, 2025 | Source: CNBC International favicon CNBC International

Baidu's robotaxi unit plans Europe expansion

Chinese tech company Baidu's Apollo Go robotaxi business plans to expand to Europe this year, according to a source familiar with the matter.

Published on: May 14, 2025 | Source: CNBC International favicon CNBC International

Sony shares rise in choppy trade as PlayStation maker announces $1.7 billion share buyback

Sony shares rose over 3.5% on Wednesday after the company announced a 250 billion yen share buyback and operating income beat estimates.

Published on: May 14, 2025 | Source: CNBC International favicon CNBC International

Shein and Temu find temporary reprieve as U.S. relaxes tariffs

The recent tariff cut has offered a window of opportunity for them to ramp up shipments from China and restock their warehouses and fulfill existing orders.

Published on: May 14, 2025 | Source: CNBC International favicon CNBC International

CNBC Daily Open: U.S. April inflation assuages fears over tariff-related price jumps

The U.S. Federal Reserve in May warned that America is facing an increased risk of stagflation. Inflation data for April somewhat assuages that fear.

Published on: May 14, 2025 | Source: CNBC International favicon CNBC International

The UK wants to crack down on foreign workers. Businesses worry Brits can't β€” or won't β€” fill the labor gap

British businesses are warning the U.K. government that plans to tighten immigration rules on foreign workers will lead to labor shortages.

Published on: May 14, 2025 | Source: CNBC International favicon CNBC International

Samsung Electronics to acquire heating and cooling solutions provider FlΓ€ktGroup for 1.5 billion euros

Samsung Electronics on Wednesday said it would acquire German-based FlΓ€ktGroup, a leading heating and cooling solutions provider, for 1.5 billion euros.

Published on: May 14, 2025 | Source: CNBC International favicon CNBC International

More than half of the summer's top trending travel destinations are in Asia

Tokyo, Osaka, Paris and Shanghai lead the world for growth in summer travel bookings, according to a report published Monday by Mastercard Economics Institute.

Published on: May 14, 2025 | Source: CNBC International favicon CNBC International

Investment banks lift China growth outlook after surprise trade deal with U.S.

Global banks are reviewing their China calls after the thawing of trade relations between Washington and Beijing.

Published on: May 13, 2025 | Source: CNBC International favicon CNBC International

How China’s Comac could reshape aviation

Even if it doesn’t challenge Airbus or Boeing on the global stage, strong domestic growth will boost the aircraft maker

Published on: May 13, 2025 | Source: Financial Times - World favicon Financial Times - World

Insurers win relief on commercial policies from UK regulator

Financial Conduct Authority says move part of wider set of proposals to remove β€˜ineffective’ or β€˜duplicated regulation’

Published on: May 13, 2025 | Source: Financial Times - World favicon Financial Times - World

Fintech company Chime files for Nasdaq IPO

An initial public offering from Chime could help to attract more companies to public markets.

Published on: May 13, 2025 | Source: CNBC International favicon CNBC International

Airbnb launches redesigned app, new services business

Airbnb launched a redesigned app to showcase the company's push to let travelers book services, like catering and personal training, at their home rentals.

Published on: May 13, 2025 | Source: CNBC International favicon CNBC International

FirstFT: China criticises US-UK trade deal

Also in today’s newsletter, Trump hails US-Saudi Arabia relationship, and Nissan to cut 15 per cent of global jobs

Published on: May 13, 2025 | Source: Financial Times - World favicon Financial Times - World

Macron open to stationing French nuclear weapons in other European nations

French president in talks with Germany and Poland over whether the warheads can protect them against Russia

Published on: May 13, 2025 | Source: Financial Times - World favicon Financial Times - World

Zelenskyy to travel to Turkey for peace talks regardless of Putin’s plans

Ukrainian president puts onus on Russian counterpart to engage in Istanbul

Published on: May 13, 2025 | Source: Financial Times - World favicon Financial Times - World

Mobile banking group Chime files for US IPO as markets rebound

Plans to float shares highlight how confidence is returning on Wall Street as Trump softens stance on tariffs

Published on: May 13, 2025 | Source: Financial Times - World favicon Financial Times - World

Ministers push to improve draft 10-year plan for NHS in England

Eye-catching ideas sought for health service overhaul that will resonate with voters and enhance Labour’s election prospects

Published on: May 13, 2025 | Source: Financial Times - World favicon Financial Times - World

S&P 500 wipes out 2025 losses as stocks extend rally

Inflation data helps Wall Street benchmark rebound from 15% fall sparked by Donald Trump’s tariffs

Published on: May 13, 2025 | Source: Financial Times - World favicon Financial Times - World

Coinbase jumps 24% on S&P 500 inclusion, biggest gain since post-election pop

Coinbase had its best day since just after last year's presidential election, as investors bought shares ahead of the company's inclusion in the S&P 500.

Published on: May 13, 2025 | Source: CNBC International favicon CNBC International

Microsoft laying off about 6,000 people, or 3% of its workforce

It's likely Microsoft's largest job purge since it said goodbye to 10,000 employees in 2023.

Published on: May 13, 2025 | Source: CNBC International favicon CNBC International

Not-so-bad news is the new good news

Moderate inflation and tariffs seem to lift markets

Published on: May 13, 2025 | Source: Financial Times - World favicon Financial Times - World