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Quantum computing is having a moment. But the technology remains futuristic

Quantum technology startups attracted about $2 billion in 2024, according to McKinsey & Co.

Published on: June 27, 2025 | Source: CNBC International favicon CNBC International

British cars are being stolen and shipped within a day, fueling a multi-billion-pound crime bill

The cars that are being stolen are not just typically high-end vehicles like Range Rovers or Rolls-Royces, but models like the Ford Fiesta and Volkswagen Golf.

Published on: June 27, 2025 | Source: CNBC International favicon CNBC International

Pajamas at breakfast and bare feet in the lobby: How hotels are tackling bad etiquette

Some hotels are addressing etiquette breaches by providing subtle cues, while others are taking a more heavy-handed approach.

Published on: June 27, 2025 | Source: CNBC International favicon CNBC International

Investing in Space: NATO holds out its hand to the commercial space sector

NATO's new commercial space sector strategy and defense spend target hike could be a boon to private space players.

Published on: June 27, 2025 | Source: CNBC International favicon CNBC International

SoftBank CEO says he's 'all in' on OpenAI, reveals he's long wanted Microsoft's spot as main backer

SoftBank CEO Masayoshi Son used a shareholders' meeting on Friday to discuss the companyโ€™s belief in OpenAI and the coming of "artificial superintelligence.โ€

Published on: June 27, 2025 | Source: CNBC International favicon CNBC International

China's industrial profits plunge 9.1%, steepest fall in seven months

That marked the largest monthly decline since October last year, when the industrial profits dropped 10%.

Published on: June 27, 2025 | Source: CNBC International favicon CNBC International

UK auto production for May slumps to lowest level since 1949 as Trump tariffs hit hard

The dramatic slowdown in car production is due in large part to ongoing model changeovers, restructuring and the impact of tariffs, SMMT said.

Published on: June 27, 2025 | Source: CNBC International favicon CNBC International

More Southeast Asians are flocking to China's Chongqing city. Social media hype is a big reason

"In 2025 alone, we've captured a nearly 12-fold surge in demand for Chongqing, compared to demand for other cities," says Sarah Wan of Klook.

Published on: June 27, 2025 | Source: CNBC International favicon CNBC International

Xiaomi shares soar to record highs as its new EV that undercuts Tesla draws strong response

Chinese smartphone company Xiaomi priced its luxury YU7 SUV within expectations โ€” but undercut Tesla's Model Y.

Published on: June 27, 2025 | Source: CNBC International favicon CNBC International

Nike says tariffs will cost it $1 billion before price increases, supply chain shifts

Nike said its fiscal fourth quarter will see the worst of its turnaround efforts, but investors are wondering if sales and profits still have more room to fall.

Published on: June 27, 2025 | Source: CNBC International favicon CNBC International

Trump says US-China trade truce has been โ€˜signedโ€™

Purported pact follows negotiations in London and Geneva to de-escalate global trade war

Published on: June 26, 2025 | Source: Financial Times - World favicon Financial Times - World

UK vehicle production hits 76-year low in May as Trump tariffs bite

Output plunges after Aston Martin and other British carmakers halt exports to the US

Published on: June 26, 2025 | Source: Financial Times - World favicon Financial Times - World

Nike shares surge 10% on turnaround hopes despite worst results in years

Sportswear group says latest earnings numbers reflect financial effects from corporate turnaround programme

Published on: June 26, 2025 | Source: Financial Times - World favicon Financial Times - World

US Treasury asks Congress to scrap foreign revenge tax in Trump bill

Scott Bessent says deal with G7 would stop global minimum taxes from applying to American companies

Published on: June 26, 2025 | Source: Financial Times - World favicon Financial Times - World

FirstFT: Iranโ€™s uranium largely intact, early European intelligence suggests

Also in todayโ€™s newsletter, Israel halts deliveries of aid to north Gaza and EU officials call Merz โ€˜delusionalโ€™ for his auto tariff expectations

Published on: June 26, 2025 | Source: Financial Times - World favicon Financial Times - World

What's driving Wall Street stablecoin interest? Trillions up for grabs in the future and banks getting ready for it

Stablecoins are poised to grow to trillions of dollars, and financial services giant and banks want a piece of it, says Zach Abrams, Bridge co-founder and CEO.

Published on: June 26, 2025 | Source: CNBC International favicon CNBC International

The $5 million Trump Card faces legal challenges, limited market

President Donald Trump is offering a $5 million path to citizenship for the wealthy with his Trump Card.

Published on: June 26, 2025 | Source: CNBC International favicon CNBC International

Trump trade deadlines in July 'not critical': White House

"Perhaps it could be extended, but that's a decision for the president to make," Trump press secretary Karoline Leavitt said of the tariff extension deadlines.

Published on: June 26, 2025 | Source: CNBC International favicon CNBC International

Apple reveals complex system of App Store fees to avoid EU fine of 500 million euro

The move shows that Apple may be able to make smaller changes to satisfy regulators.

Published on: June 26, 2025 | Source: CNBC International favicon CNBC International

Early intelligence suggests Iranโ€™s uranium largely intact, European officials say

Preliminary assessments indicate Tehran was able to move much of its stockpile

Published on: June 26, 2025 | Source: Financial Times - World favicon Financial Times - World

Apple to open App Store to competitors in EU as it seeks to avoid fines

iPhone giant will make it easier for developers to promote their offerings

Published on: June 26, 2025 | Source: Financial Times - World favicon Financial Times - World

How the stock market made it back to a new record โ€” even with so much still to worry about

The wall of worry has been crumbling with trade deals in motion and the economy remaining in solid shape.

Published on: June 26, 2025 | Source: CNBC International favicon CNBC International

Trump Mobile quietly drops โ€˜Made in Americaโ€™ smartphone promise

Trump Organizationโ€™s venture now says devices will be โ€˜brought to lifeโ€™ in the US

Published on: June 26, 2025 | Source: Financial Times - World favicon Financial Times - World

Trump now wields sweeping veto power over U.S. Steel. Here's how the 'golden share' works

President Donald Trump approved the merger of U.S. Steel with Japan's Nippon Steel only after the companies accepted the "golden share" arrangement.

Published on: June 26, 2025 | Source: CNBC International favicon CNBC International

New FDI projects in the UK fall to record low

Official data fuels concerns over Labourโ€™s ambition to attract foreign capital to Britain

Published on: June 26, 2025 | Source: Financial Times - World favicon Financial Times - World

Private equity firm HIG targets ยฃ800mn for sale of ex-KPMG restructuring unit

Banks begin pitching for roles on Interpath Advisory deal

Published on: June 26, 2025 | Source: Financial Times - World favicon Financial Times - World

AI is doing up to 50% of the work at Salesforce, CEO Marc Benioff says

Salesforce is accelerating its use of artificial intelligence in automating workloads, according to CEO Marc Benioff.

Published on: June 26, 2025 | Source: CNBC International favicon CNBC International

Minister promises to curb powers of UKโ€™s financial ombudsman

Proposed overhaul to form critical part of governmentโ€™s financial services review next month

Published on: June 26, 2025 | Source: Financial Times - World favicon Financial Times - World

Israel halts food aid deliveries to northern Gaza despite famine threat

Prime Minister Benjamin Netanyahu alleges aid has been hijacked by Hamas, but provides no evidence

Published on: June 26, 2025 | Source: Financial Times - World favicon Financial Times - World

Labourโ€™s national insurance rise is contributing to job market slowdown, BoE governor says

Andrew Bailey highlights lower labour demand and predicts โ€˜significant declineโ€™ in wage growth

Published on: June 26, 2025 | Source: Financial Times - World favicon Financial Times - World

UK to split leadership of statistics office during turnaround effort

Review warns of โ€˜deep-seatedโ€™ issues within Office for National Statistics

Published on: June 26, 2025 | Source: Financial Times - World favicon Financial Times - World

Private credit joins the US tax-break treasure hunt

Backers of business development companies are now trying to right a perceived wrong

Published on: June 26, 2025 | Source: Financial Times - World favicon Financial Times - World

AI returns have not yet justified investment mania

The hope (and hype) is as powerful as ever but it is hard to see where the needed revenues will come from

Published on: June 26, 2025 | Source: Financial Times - World favicon Financial Times - World

White House says decision on nominating next Fed chair not โ€˜imminentโ€™

US dollar fell after report that Donald Trump could name nominee to succeed Jay Powell as soon as this summer

Published on: June 26, 2025 | Source: Financial Times - World favicon Financial Times - World

Ed Miliband rejects ยฃ24bn plan to bring power from Morocco to UK

Xlinks โ€˜bitterly disappointedโ€™ by ministerโ€™s view the project did not โ€˜stack upโ€™ and will consider other options

Published on: June 26, 2025 | Source: Financial Times - World favicon Financial Times - World