Fabricio Bloisi, chief executive officer of Prosus NV, during an interview in London, UK, on Monday, Oct. 21, 2024. Bloisi took the reins of South Africa’s Naspers Ltd. and its investment arm Prosus NV in July with a plan to double the value of the 110-year-old group within the next four years. Jose Sarmento Matos | Bloomberg | Getty ImagesIndia will produce a $100 billion tech company in the coming years, the CEO of Prosus told CNBC on Monday, as the firm bets on the country for its next big investment win.Prosus, which is majority owned by South African company…
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Rides around Austin, Texas in Tesla ‘s robotaxi exceeded high expectations set for the event, according to well-known Wedbush analyst Dan Ives. “Going into it, we expected to be impressed,” Ives wrote to clients on Sunday after attending the electric vehicle maker’s automated taxi launch event. “But walking away from it, all there is to say is that this is the future.” Ives, who took two rides that lasted around 15 minutes on Sunday, described the experience as “comfortable,” “safe” and “personalized.” He said the car had perfect navigation and picked him up at his exact location. While there was…
TOPSHOT – China’s Foreign Minister Wang Yi (C) gestures as he welcomes Russia’s Deputy Foreign Minister Sergey Ryabkov (R) and Iran’s Deputy Foreign Minister Kazeem Gharibabadi before a meeting regarding the Iranian nuclear issue at the Diaoyutai State Guesthouse in Beijing on March 14, 2025. Afp | Getty ImagesAs the U.S. rained bombs and missiles on Iran’s nuclear sites on Saturday — entering the war between Israel and Iran — Beijing appears to be standing firm in its support of its long-standing ally in Tehran.However, its support will be tempered by its limited heft as a peace broker in the…
UnitedHealthcare signage is displayed on an office building in Phoenix, Arizona, on July 19, 2023.Patrick T. Fallon | Afp | Getty ImagesHealth plans under major U.S. insurers said Monday they have voluntarily agreed to speed up and reduce prior authorizations – a process that is often a major pain point for patients and providers when getting and administering care.Prior authorization makes providers obtain approval from a patient’s insurance company before they carry out specific services or treatments. Insurers say the process ensures patients receive medically necessary care and allows them to control costs. But patients and providers have slammed prior…
When President Trump took office, U.S.A.I.D. was one of the first agencies to be dismantled in the name of efficiency. Amy Schoenfeld Walker, a New York Times reporter and graphics editor who has been tracking the foreign aid cuts and restorations since they began in February, shares what she’s learned through her reporting. Source link
A cargo ship cruises toward the Strait of Hormuz off the shores of Khasab in Oman on Jan. 15, 2011.Marwan Naamani | Afp | Getty ImagesBEIJING — The recent flare-up in Middle East tensions isn’t denting Chinese business optimism about opportunities in the region.Chinese shipments to Dubai’s logistics hub have risen by 20% this month from a year ago, as locals stock up on batteries and daily necessities, according to estimates from Bear Huo, China general manager at FundPark, a fintech startup that lends money to small Chinese businesses selling overseas via internet platforms.”Overall, Chinese merchants are relatively optimistic,” he…
The U.S. dollar surged in early trading on Monday, benefiting from its traditional safe-haven status after U.S. military strikes on Iran — but analysts are warning the gains may be short-lived.The dollar index was up 0.45% at one point, indicating a gain against currencies such as the Japanese yen, the euro and the British pound, as well as the Canadian, Australian and New Zealand dollars. The greenback was last seen trading around 0.4% higher at 9.30 a.m. London time.”The escalation of the Middle East crisis after the US attacks Iran during the weekend is expected to lead to some of…
Russian President Vladimir Putin tours an exhibition at the Central Museum of the Great Patriotic War on Poklonnaya Gora in Moscow, Russia, April 30, 2025.Alexander Kazakov | Via ReutersRussia’s response to Iran’s call for help is being closely watched on Monday after the U.S. bombed Tehran’s nuclear facilities over the weekend — but Moscow might not be quick to offer its ally a hand.The attacks on Iranian nuclear sites, which President Donald Trump described as an “obliteration,” has left the Islamic Republic scrambling for support from the few friends it has on the global stage. Iran’s Foreign Minister Abbas Araghchi…
Dollar rises, yen fallsAs markets digest the U.S. strikes on Iran over the weekend, the dollar is on the rise, while other currencies typically seen as safe havens have lost momentum.The U.S. dollar index — which measures the greenback against a basket of major rivals — was 0.3% higher by 8:25 a.m. in London. So far this year, the dollar index has shed around 8.8%.Stock Chart IconStock chart iconDollar index price.The safe haven Swiss franc was flat against the dollar during early European trade, paring gains seen ahead of the regional open.Meanwhile, the Japanese yen — also typically seen as…
Cargo ships sail in the Gulf off the Iranian port city of Bandar Abbas, which is the main base of the Islamic republic’s navy and has a strategic position on the Strait of Hormuz, on April 29, 2019.ATTA KENARE | AFP | Getty ImagesIran may be threatening to close the Strait of Hormuz but experts told CNBC that it’s also the one with the most to lose.In major move after U.S. struck Iranian nuclear sites, the country’s parliament on Sunday reportedly approved the closure of the Strait of Hormuz, risking alienating its neighbors and trade partners.The decision to close the…
