Standard Chartered Plc bank branch in Hong KongBloomberg | Bloomberg | Getty ImagesBill Winters, CEO of Standard Chartered, foresees a future in which nearly all global transactions are conducted on a digital blockchain ledger, he told a crowd in Hong Kong on Monday, as crypto adoption amongst mainstream banking and finance institutions grows. “Our belief, which I think is shared by the leadership of Hong Kong, is that pretty much all transactions will settle on blockchains eventually, and that all money will be digital,” the UK-based multinational bank’s CEO said during a panel at Hong Kong FinTech Week. “Think about what that…
Author: usaeverydaylife
Ryanair Group CEO Michael O’Leary gestures while making a point during a press conference with Eddie Wilson, CEO of Ryanair, and Jason McGuinness, Commercial Director, to talk about the future of the company’s operation in the Portuguese market on July 23, 2024 in Lisbon, Portugal. Horacio Villalobos | Corbis News | Getty ImagesRyanair chief executive Michael O’Leary on Monday admonished the U.K. government over its push to raise taxes on passenger flights, warning that the policy will see airlines move planes out of the country.Speaking to CNBC’s “Europe Early Edition” after reporting stronger-than-expected first-half profit, the outspoken CEO described the Labour…
US President Donald Trump and Indian Prime Minister Narendra Modi arrive to hold a joint press conference in the East Room of the White House in Washington, DC, on February 13, 2025. Jim Watson | Afp | Getty ImagesDe-escalation in tensions between China and the U.S. after their leaders met in South Korea last Thursday stands in stark contrast to the chill in Washington-New Delhi relations, with India now subject to higher U.S. tariffs than Beijing.Experts said that the strategic relationship between India and U.S. built over two decades has substantially eroded.Atman Trivedi a partner and lead of the South…
Jensen Huang, CEO of Nvidia, reacts during the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, South Korea, October 31, 2025. Kim Soo-hyeon | Reuters Traders who shorted the S&P 500 — essentially, betting that it would go down — last month were in for a rude surprise. The broad-based index ended the month 2.3% higher, defying “Octoberphobia,” a term that arose because of the market crashes in 1929 and 1987 that happened during the month.The Nasdaq Composite had an even better month than the S&P 500. The tech-heavy index climbed 4.7%, giving a hint of what helped ward…
Global stock markets are soaring, with U.S. indexes continuing to rally and the Stoxx Europe 600 , FTSE 100 and Spain’s IBEX all hitting record highs last week. But some investors are now warning that a wave of rising risks — from weaker consumer spending to faltering earnings growth and a potential bond market revolt — could bring equities back down to earth with a bump, sooner rather than later. Nicholas Brooks, head of economic and investment research at global alternative asset manager ICG, said the recent slowdown in U.S. hiring could cause consumers to pull back, hitting growth faster…
A wheel loader takes ore to a crusher at the MP Materials rare earth mine in Mountain Pass, California, U.S. January 30, 2020.Steve Marcus | ReutersThe emergence of critical minerals as a new arena of geopolitical competition has coincided with a dizzying rally in U.S.-listed rare earths mining stocks.Despite paring gains in recent weeks, shares of Critical Metals have advanced 241% over the last three months, while NioCorp Developments, Energy Fuels and Idaho Strategic Resources have all surged well above 100% over the same period.The eye-watering gains are even more remarkable year-to-date. Energy Fuels’ stock price has quadrupled through the…
CHENGDU, CHINA – JANUARY 05: Lee Teuk, Ye Sung, Dong Hae and Kim Ryeo Wook of South Korean boy group Super Junior attend a press conference on January 5, 2020 in Chengdu, Sichuan Province of China. (Photo by VCG/VCG via Getty Images)Vcg | Visual China Group | Getty ImagesK-pop prospects have brightened after Seoul and Beijing signed a content exchange deal, potentially paving the way for South Korean entertainment to re-enter the Chinese market.South Korea’s national broadcaster KBS on Saturday entered into a media exchange and cooperation business agreement with Chinese state media company China Media Group. CMG includes state…
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles.BaiduBEIJING — As Baidu ramps up its robotaxi operations worldwide, fully driverless weekly rides as of Oct. 31 have now surpassed 250,000 orders, according to a spokesperson for the company’s driverless car unit Apollo Go.That’s on par with what Waymo reported in late April for its weekly paid U.S. rides. When contacted by CNBC, Waymo did not have a new specific figure to share. The Alphabet-backed robotaxi operator primarily operates in San Francisco and Los Angeles in California and Phoenix, Arizona. Waymo…
Robots manufacture auto parts at a factory in Ningde, China, on Oct. 17, 2024.Nurphoto | Nurphoto | Getty ImagesChina’s factory activity growth in October missed market expectations, as trade tensions with the U.S. intensified during the month, according to a private survey released Monday.The RatingDog China General Manufacturing PMI, compiled by S&P Global, dropped to 50.6 in October from the six-month high of 51.2 in September, missing analysts’ expectations of 50.9 in a Reuters poll. Staying above the 50-benchmark that separates growth from contraction, the private survey numbers were better compared to the official survey released last Friday that showed…
Jensen Huang, CEO of Nvidia, attends a press conference after the 2025 Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, South Korea, October 31, 2025. Kim Soo-hyeon | Reuters Traders who shorted the S&P 500 — essentially, betting that it would go down — last month were in for a rude surprise. The broad-based index ended the month 2.3% higher, defying “Octoberphobia,” a term that arose because of the market crashes in 1929 and 1987 that happened during the month.The Nasdaq Composite had an even better month than the S&P 500. The tech-heavy index climbed 4.7%, giving a hint of…
