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FirstFT: Trump hits India with extra 25% tariff for buying Russian oil
Also in todayβs newsletter, China tests out stablecoins, and Apple set to boost US investment plans by $100bn
Published on: August 06, 2025 | Source:
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E.l.f. Beauty's profits fall 30% as China tariffs weigh on bottom line
E.l.f. Beauty sources about 75% of its products from China and the cost of new tariffs is weighing on its bottom line.
Published on: August 06, 2025 | Source:Watch live: Apple CEO Cook joins Trump for investment announcement at White House
The iPhone maker will raise its previous U.S. investment, made in February, from $500 billion to $600 billion over the next four years.
Published on: August 06, 2025 | Source:Novartis weighs deal for biotech Avidity to boost drug pipeline
Shares in rare disease biotech surge 26% following approach by Swiss group
Published on: August 06, 2025 | Source:Raise UK gambling taxes to fund removing two-child benefit cap, Brown says
Former prime minister says reform could secure 3bn to lift half a million children out of poverty
Published on: August 06, 2025 | Source:Want better returns? Forget risk. Focus on fear
A recent study suggests a new paradigm for asset pricing
Published on: August 06, 2025 | Source:Trump raises India tariffs to 50% over Russian oil purchases
Trump last week said that goods from India would be subject to a tariff of 25%, in addition to a "penalty" over the country's purchase of military equipment and energy from Russia.
Published on: August 06, 2025 | Source:If America goes after Indiaβs oil trade, China will benefit
A crackdown on Russian crude would have knock-on consequences
Published on: August 06, 2025 | Source:Candy giant Mars partners with biotech firm to gene-edit cocoa supply
The goal is to create cacao plants that can better withstand disease, heat and other climate-related stresses that can put global chocolate supply at risk.
Published on: August 06, 2025 | Source:Chronic fatigue patients have different genes, study finds
βGroundbreakingβ research finds βgenetic signalsβ for debilitating illness
Published on: August 06, 2025 | Source:McDonaldβs says poorer customers are eating less of its food
Fast-food chain points to weakening incomes and says many people are skipping breakfast or dining at home
Published on: August 06, 2025 | Source:CNBCβs UK Exchange newsletter: Englandβs cricket power play
Ian King takes a look at the business of cricket, Englandβs national summer sport, which has recently had a significant financial windfall.
Published on: August 06, 2025 | Source:How to reason with OpenAIβs spiralling valuation
Whether using traditional methods or a more creative approach, investors are backing Sam Altmanβs company
Published on: August 06, 2025 | Source:We can end the scandal of child poverty if we want to
Too often the very young are made to carry the consequences of decisions they havenβt made
Published on: August 06, 2025 | Source:The shifting future of foreign aid
Trumpβs brutal cuts are an opening for poorer nations to build legitimacy
Published on: August 06, 2025 | Source:Uber beats on revenue, announces $20 billion stock buyback
Uber's revenue climbed 18% from a year earlier, topping analysts' estimates.
Published on: August 06, 2025 | Source:Several million US-born teenagers have just appeared out of nowhere
Or maybe the labour statistics are a mess
Published on: August 06, 2025 | Source:Why India is in Trumpβs crosshairs when crude is not even sanctioned
If India were to stop buying Russian oil today, global crude prices would jump, industry sources in the Indian petroleum sector told CNBC,
Published on: August 06, 2025 | Source:Trumpβs war on data will do lasting harm
Reliable government statistics are one of the cornerstones of the American economy
Published on: August 06, 2025 | Source:Disney profits eclipse forecast despite consumer slowdown worries
Upbeat performance at groupβs theme parks contrast with declines at its traditional television networks
Published on: August 06, 2025 | Source:India calls out EU and U.S. on trade with Russia after Trump threatens steeper tariffs on New Delhi
New Delhi called out the EU and the U.S., saying that they were also engaging in trade with Moscow.
Published on: August 06, 2025 | Source:Russia weighs in on U.S.-India tariff spat, saying New Delhi can choose its own trade partners
The Kremlin commented on Tuesday that Trump's comments were "attempts to force countries to stop trade relations with Russia."
Published on: August 06, 2025 | Source:Switzerland is in a uniquely difficult position when it comes to tariffs. Here's why
Swiss goods could soon be slapped with 39% tariffs β but Switzerland has further challenges to face when it comes to the Trump administration.
Published on: August 06, 2025 | Source:Putin and Trump envoy hold βproductiveβ meeting on Ukraine as US deadline nears
US president has urged Russia to agree ceasefire by Friday or face new sanctions
Published on: August 06, 2025 | Source:McDonald's sees U.S. sales rebound, but concerns about low-income consumers linger
Shares of McDonald's have risen roughly 3% this year. The fast-food giant has a market cap of nearly $220 billion.
Published on: August 06, 2025 | Source:No evidence of bullying at Prince Harry charity, watchdog finds
Charity Commission criticises βall partiesβ in βdamagingβ Sentebale row
Published on: August 06, 2025 | Source:CNBC's The China Connection newsletter: Beijing wants more babies β are businesses ready for Gen Z parents?
China's young parents are digital-natives, globally minded and experience-driven. That mindset is shaping how β and where β they spend.
Published on: August 06, 2025 | Source:Novo Nordisk doubles down on Trump-friendly sales strategy
Chief financial officer Karsten Munk Knudsen said that the pharma giant's cash channel was key to regaining market share and meeting U.S. policy needs.
Published on: August 06, 2025 | Source:Musk says Tesla is training an upgraded Full Self-Driving model which could be released next month
Elon Musk said the new Full Self-Driving model will have a larger parameter size and improved video performance.
Published on: August 06, 2025 | Source:Trumpβs tariff playbook comes with a baseball twist
Say what you like about U.S. President Donald Trump's leadership style and policies, but he certainly has a unique way with words.
Published on: August 06, 2025 | Source:CNBC Daily Open: Little sign of Trump shifting gears in his interview
For those pressed for time and want a very broad TL;DR of CNBC's interview with Trump: the president appears to be digging in on his policies.
Published on: August 06, 2025 | Source:India's central bank keeps rates steady at 5.5% as Trump ratchets up tariff threats
The move was in line with expectations from economists polled by Reuters, and comes after the Reserve Bank of India delivered an outsized cut of 50 basis points
Published on: August 06, 2025 | Source:War-weary Syria will be hurt further by Trump's 41% tariff rate β the highest on earth
The tariffs could be a form of U.S. leverage over the decisions of the fragile Al Sharaa government, one analyst suggested.
Published on: August 06, 2025 | Source:OpenAI in talks with investors about share sale at $500 billion valuation
OpenAI's private stock is in such high demand that the company is looking to potentially conduct a secondary share sale at a $500 billion valuation.
Published on: August 06, 2025 | Source:U.S. charges two Chinese nationals for illegally shipping Nvidia AI chips to China
Two Chinese nationals in California have been charged with the illegal shipment of tens of millions of dollars' worth of AI chips, including those from Nvidia.
Published on: August 06, 2025 | Source: