German import prices unexpectedly contract in AprilA container ship at the Port of Hamburg in Germany.Maria Feck/Bloomberg via Getty ImagesGerman import prices fell by 0.4% year on year in April, figures from the Federal Statistical Office showed on Wednesday.Analysts had been expecting an annual rise of 0.2%, according to LSEG data.The previous month had seen import prices rise by 2.1% in Germany.— Chloe TaylorHere’s what to expect todayThe La Defence business district in Paris, France.Bloomberg | Bloomberg | Getty ImagesInvestors can expect a swathe of economic data out of Europe on Wednesday, including German import prices, final French gross domestic product…
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A L ‘Oreal store near the Nanjing Road Pedestrian Street in Shanghai, China on April 1, 2025.Cfoto | Future Publishing | Getty ImagesBEIJING — European business optimism about China has hit its lowest on record – worse than during the pandemic — due to slower growth and geopolitical worries.A record 73% of respondents in the EU Chamber of Commerce in China’s annual survey said doing business in the Asian country has become more difficult in the past year, marking a new high for a fourth-straight year.That’s just one of the several record lows in sentiment found in the annual survey,…
Getty Images’ logo seen displayed on a smartphone with an AI chip and symbol in the background.Budrul Chukrut | Sopa Images | Lightrocket via Getty ImagesLONDON — Getty Images is spending millions of dollars to take on a “world of rhetoric” through its Stability AI suit, the photo licensing company’s boss Craig Peters says.Peters told CNBC in an interview that both Stability AI — the U.K.-based startup best known for its text-to-image model Stable Diffusion — and other AI labs are stealing copyright-protected material to train their AI models for commercial gain.These firms, he said, are taking copyrighted material to…
A logo on the exterior of a Vodafone Group Plc store in London, UK, on Monday, May 13, 2024.Bloomberg | Bloomberg | Getty ImagesThis report is from the first-ever edition of CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and the key personalities shaping the news. Along with a deep dive into these top stories, the newsletter highlights key developments in the U.K. and essential events that are set to make waves. Like what you see? You can subscribe here.The dispatchLong-term followers of Vodafone could have been forgiven…
Matt Farrah of Newcastle, Australia views SpaceX’s next-generation Starship spacecraft atop its Super Heavy booster is prepared for launch on its ninth test at the company’s launch pad in Starbase, Texas, U.S., May 27, 2025. Joe Skipper | ReutersSpaceX’s Super Heavy booster and Starship rocket exploded during a test flight on Tuesday, the third consecutive setback for Elon Musk’s company.Tuesday’s un-crewed mission was the ninth test flight. The system suffered prior explosions in January and March. Together, the Starship rocket and Super Heavy booster are around 400 feet tall when stacked for a launch.SpaceX has been developing the Starship system…
Annealed neodymium iron boron magnets sit in a barrel prior to being crushed into powder at Neo Material Technologies Inc.’s Magnequench Tianjin Co. factory in Tianjin, China.Bloomberg | Bloomberg | Getty ImagesBEIJING — As China tightens its grip on the global supply of key minerals, the West is working to reduce its dependence on Chinese rare earth.This includes finding alternative sources of rare earth minerals, developing technologies to reduce reliance, and recovering existing stockpiles through recycling products that are reaching the end of their shelf life.”You cannot build a modern car without rare earths,” said consulting firm AlixPartners, noting how…
In this photo illustration, the artificial intelligence (AI) apps DeepSeek, ChatGPT, Google Gemini, Copilot, Claude, and Perplexity seen displayed on a smartphone.Sopa Images | Lightrocket | Getty ImagesThis report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business stories in China, give a lowdown on market moves and help you set up for the week ahead. Like what you see? You can subscribe here.The big storyHearing about artificial intelligence from Chinese businesses paints a very different picture of how the tech…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailCNBC’s MacKenzie Sigalos reports from Las Vegas, where senior members of the White House are backing crypto as a pillar of U.S. economic strategy — as Trump Media unveils a $2.5 billion bitcoin treasury and officials push stablecoins to extend dollar dominance. Source link
Customers purchase produce from stalls at Carriageworks Farmers Market in Sydney, Australia, on Saturday, April 26, 2025. Bloomberg | Bloomberg | Getty ImagesAustralian consumer inflation held steady in April as higher health and holiday costs offset a drop in petrol prices, although the monthly measure tends to be volatile and left hopes for more interest rates cuts mostly intact.Data from the Australian Bureau of Statistics on Wednesday showed the monthly consumer price index rose 2.4% in April compared with a year earlier, unchanged from March but above median forecasts of 2.3%.The trimmed mean measure of core inflation increased by an annual rate of 2.8% in April from 2.7% in March. A…
The ‘Fast Money’ traders talk the market bounce back. Source link
