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U.S. growth forecast cut sharply by OECD as Trump tariffs sour global outlook
The U.S. economy is now expected to expand by just 1.6% in 2025, while the global economy is set to grow by 2.9%.
Published on: June 03, 2025 | Source:
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Euro zone inflation falls to cooler-than-expected 1.9% in May, below ECB target
Economists polled by Reuters had been expecting the May reading to come in at 2%, which is the European Central Bank's target.
Published on: June 03, 2025 | Source:China's May factory activity unexpectedly shrinks as tariffs dent sentiment β worst drop since 2022
China has grappled with entrenched deflationary pressure, as a prolonged real estate downturn and job insecurity hamper investments and consumer spending.
Published on: June 03, 2025 | Source:In China, 'The Great American' burger is now made with Australian beef
But the 90-day tariff pause agreed by China and the U.S. in Geneva in May is now under threat as both sides have accused each other of breaching the terms.
Published on: June 03, 2025 | Source:Snowflake to buy database startup Crunchy Data for about $250 million
Snowflake will pay about $250 million, a person familiar with the matter told CNBC.
Published on: June 03, 2025 | Source:CNBC Daily Open: Elon Musk's companies report positive developments amid his return to work
Like Tesla's promised full self-driving feature, Musk's firms aren't completely autonomous and need a steadyβ and ideally "super focused" β hand to guide them.
Published on: June 03, 2025 | Source:South Korea's opposition party chief Lee Jae Myung leads presidential race, opinion poll shows
Lee currently holds a sizable lead in opinion polling. A Gallup poll reportedly showed that 49% of respondents were in favor of Lee becoming president.
Published on: June 02, 2025 | Source:US moves to open Alaskan wilderness to oil drilling with Biden rule rollback
Energy department proposes to scrap restrictions as Trump seeks to fulfil campaign pledge to oil industry
Published on: June 02, 2025 | Source:Uber reintroduces chief operating officer role as CEO loosens grip
Andrew Macdonald has been appointed COO and president after serving as head of mobility
Published on: June 02, 2025 | Source:Britainβs military future mapped out in defence review
The plan emphasises a shift towards βwarfighting readinessβ
Published on: June 02, 2025 | Source:Trump administration is convinced massive Alaska energy project will find investors despite steep cost
President Donald Trump is pushing Japan and South Korea to invest in Alaska LNG, threatening them with higher tariffs.
Published on: June 02, 2025 | Source:Dollar slides towards 3-year low as weak US data stokes economic fears
Treasuries under pressure following warnings on American debt load
Published on: June 02, 2025 | Source:Robinhood's $200 million Bitstamp deal takes it beyond retail trading
Robinhood will keep Bitstampβs operations intact for now, using the exchange for smart order routing and expanding its presence across Europe, the UK and Asia.
Published on: June 02, 2025 | Source:South Korean polling stations open for pivotal presidential election
Leftwing candidate Lee Jae-myung is frontrunner after turmoil sparked by ousted leader Yoon Suk Yeolβs martial law bid
Published on: June 02, 2025 | Source:UK must spend Β£68bn to modernise military, defence review suggests
Drones and artificial intelligence will be needed to increase warfighting capability
Published on: June 02, 2025 | Source:Merck held talks to buy Swiss biotech MoonLake for more than $3bn
US pharmaceuticals group has been looking to rebuild its pipeline before crucial cancer drug comes off-patent
Published on: June 02, 2025 | Source:Elon Musk's Neuralink raises $650 million in fresh capital
Neuralink is building a brain-computer interface, or BCI, which is a system that translates brain signals into commands for external technologies.
Published on: June 02, 2025 | Source:German court deems asylum seekersβ rejection at border to be βillegalβ
Ruling could undermine central part of Friedrich Merzβs plan to cut immigration but government says it will stay the course
Published on: June 02, 2025 | Source:Nationalist candidate Nawrocki wins Polish presidential election
Historian comes from behind to defeat centre-right rival RafaΕ Trzaskowski in win for Maga movement abroad
Published on: June 02, 2025 | Source:EU restricts Chinese medical devices in new trade dispute
Bloc votes to exclude trading superpowerβs bidders from contracts worth more than 5mn for next 5 years
Published on: June 02, 2025 | Source:Muskβs xAI seeks $113bn valuation in $300mn share sale
Deal to allow investors to buy into group following March takeover of X
Published on: June 02, 2025 | Source:Ukraine and Russia far apart on ceasefire terms at Istanbul talks
Agreement over a limited prisoner exchange comes despite gulf between two sidesβ positions
Published on: June 02, 2025 | Source:Reeves locked in UK spending review showdown with four ministers
Deputy PM Angela Rayner and home secretary Yvette Cooper among leading cabinet figures holding out for better deals
Published on: June 02, 2025 | Source:White House 'close to the finish line' on some trade deals, says Treasury official
President Donald Trump in April paused his reciprocal tariffs on most U.S. trade partners for 90 days, pushing implementation of the steep levies to early July.
Published on: June 02, 2025 | Source:Fintech Chime readies IPO but faces drastically lower valuation
The market has begun to thaw in recent weeks on hope that the worst of Donald Trumpβs tariff threats has passed
Published on: June 02, 2025 | Source:Google to spend $500mn on compliance to settle shareholder antitrust suit
Latest move comes as tech giant is attacked on multiple legal fronts that threaten its break-up
Published on: June 02, 2025 | Source:The gap between Britainβs defence rhetoric and reality
UK should commit to raising spending more quickly in the face of mounting threats
Published on: June 02, 2025 | Source:Farage pitches to Scottish voters with anti-net zero pledge
Reform UK leaderβs visit ahead of closely watched by-election reflects populist partyβs rise north of border
Published on: June 02, 2025 | Source:UnitedHealth investors approve CEOβs $60mn pay
Stephen Hemsley received stock option award after retaking the reins at struggling insurance company
Published on: June 02, 2025 | Source:Adults β Gen-Z comedy is a gross-out portrait of growing up
FX series about a close-knit group of twenty-somethings living in Queens has plenty of crude humour but lacks chemistry
Published on: June 02, 2025 | Source:Vince brings the California dream to London
Fashion brand Vinceβs new Marylebone flagship is lending some West Coast warmth to the capital
Published on: June 02, 2025 | Source:Fourth man arrested over suspected arson attacks on Starmer properties
Metropolitan Police detained 48-year-old at Stansted airport on Monday
Published on: June 02, 2025 | Source:Trump and China's Xi will likely talk very soon, White House official says
A call between President Donald Trump and China's Xi Jinping could help deescalate trade tensions that have grown increasingly heated in the past week.
Published on: June 02, 2025 | Source:Amazon's pricing controls may be anticompetitive, German regulator warns
Regulators alleged that Amazon's price caps limit the visibility of merchants' products and interfere with their freedom to set prices.
Published on: June 02, 2025 | Source:Why Tesla sales are rebounding in Norway while Europe lags
Tesla's sale of new cars in Norway skyrocketed 213% in May from a year ago, bucking a sharp downward trend across Europe.
Published on: June 02, 2025 | Source: