Bank of England in the City of London on 6th November 2024 in London, United Kingdom. The City of London is a city, ceremonial county and local government district that contains the primary central business district CBD of London. The City of London is widely referred to simply as the City is also colloquially known as the Square Mile. (photo by Mike Kemp/In Pictures via Getty Images)Mike Kemp | In Pictures | Getty ImagesBritain’s economy failed to achieve any growth in the three months to September, revised figures from the U.K.’s Office for National Statistics showed on Monday.A preliminary estimate…
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Vehicles are offered for sale at a Nissan dealership on December 18, 2024 in Libertyville, Illinois. Scott Olson | Getty ImagesIn its most recent quarterly results, Nissan said it would cut 9,000 jobs and reduce global production capacity by a fifth.The automaker has “been struggling in the market, it’s been struggling at home, it doesn’t have the right product line-up,” Peter Wells, professor of business and sustainability at Cardiff Business School’s Centre for Automotive Industry Research, told CNBC’s “Street Signs Europe” last week.”There are so many warning signs, so many red flags around Nissan at the moment that something had to…
Motorcyclists pass a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia, February 3, 2016.Olivia Harris | ReutersScandal-hit Malaysian state fund 1Malaysia Development Berhad said Monday it has filed a legal claim of more than $1 billion against corporate services provider Amicorp Group and its CEO, alleging the firm knowingly facilitated over $7 billion in fraudulent transactions.The claim was filed in the British Virgin Islands against eight Amicorp entities and its Chief Executive Officer Toine Knipping, alleging that they played a vital role in enabling the sovereign wealth fund to be defrauded between 2009 and…
Ursula von der Leyen, president of the European Commission, during a news conference at the Mercosur Leaders Summit in Montevideo, Uruguay, on Friday, Dec. 6, 2024.Bloomberg | Bloomberg | Getty ImagesThe European Union’s blockbuster trade deal with South America’s Mercosur bloc is widely regarded as highly controversial, with EU member states split over its terms and many wary of yet another farmer flashpoint.After 25 years of talks, the EU and five South American countries — Brazil, Argentina, Uruguay, Paraguay and, newly, Bolivia — signed a landmark trade agreement on Dec. 6, setting the stage for one of the world’s biggest…
“The Threshold of Reverie,” a work produced by Botto.BottoGenerative artificial intelligence is making huge waves across industries and services from finance to human resources and spending on the technology is growing fast.And the art world is no different — some artists are using it to help generate work, and others are shocked by its capabilities.Now, a new AI “artist” is making a splash, bringing up central questions around the nature of art, its creation and ownership.Botto, described as a “decentralized autonomous artist” on its website, has produced around 150 images, or “works,” which together have fetched more than $5 million…
Sands China CEO and President Grant Chum said Macao was diversifying its economy away from gaming to become “a city of sports and … a city of entertainment,” during Chinese President Xi Jinping’s visit to the city that concluded Friday. In an interview on “Squawk Box Asia,” Chum cited a deal announced in early December between Sands China and North America’s National Basketball Association to play two NBA pre-season games in China.”We’ll be bringing the NBA China games back to China, but this time in Macao,” Chum told CNBC’s Emily Tan. “We don’t want just to do a one-off event.…
The Singapore Post sign at a post office in Singapore November 2, 2015.Thomas White | ReutersSingapore Post said on Sunday it had dismissed its chief executive and two other senior managers after an internal investigation found they had mishandled whistleblower allegations about misconduct by company employees.The firm’s shares slumped by the most in over four years as the city-state’s bourse opened for trading. The stock plunged as much as 9.8%, its biggest intraday loss since March 2020.The alleged misconduct reported by the whistleblower related to several employees who worked in the company’s international e-commerce logistics parcels business, the company said in a…
Week 16’s Sunday action brought the elimination of the defending NFC champs, the debut of Michael Penix Jr. as the Falcons’ starting QB and the Commanders keeping the NFC East race alive. JAMISONNNNNNNNNNNNNNNN 📺 #PHIvsWAS FOX pic.twitter.com/k718liTMwK — Washington Commanders (@Commanders) December 22, 2024The Athletic NFL writers Mike Jones, Ted Nguyen and Michael Silver share their thoughts on all of these storylines and more.The 49ers were eliminated from playoff contention before their Week 16 game kicked off. Are they right to largely stay the course — specifically, sign Brock Purdy to a top-of-the-market extension — heading into 2025?Silver: Paying Purdy…
Washington defensive coordinator Steve Belichick is expected to join his father’s staff at UNC as the Tar Heels’ defensive coordinator, a source briefed on the move said Sunday. 247 Sports first reported the news.The younger Belichick, 37, had a major impact with the Huskies in his one season in Seattle. Despite having to replace nine of 11 starters from last year’s defense, Washington ranked No. 27 in yards per play allowed — up from No. 79 last year.His father, Bill Belichick, North Carolina’s new head coach, spent extensive time around the Huskies program last off-season and during training camp, sitting…
A customer, holding a carton of eggs at a supermarket, in United States on Dec. 20, 2024. Secuk Ancar | Anadolu | Getty ImagesThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayU.S. government shutdown suspended The U.S. government narrowly avoided a shutdown after President Joe Biden signed a stopgap government funding bill on Saturday. President-elect Donald Trump and Elon Musk thwarted an initial, negotiated funding plan Wednesday…
