Robert Holzmann, governor of Austria’s central bank, during an interview in London, UK, on Monday, April 29, 2024. Bloomberg | Bloomberg | Getty Images Austrian central bank chief Robert Holzmann on Thursday said euro zone interest rates should be held until more clarity emerges on the path of U.S. tariffs and European Union countermeasures. “We…
Ukraine’s President Volodymyr Zelensky has cancelled part of his first visit to South Africa after an overnight Russian missile and drone attack on Ukraine’s capital Kyiv. At least nine people were killed and more than 80 injured, including children, in the attack, local officials said. Zelensky said in a post on X that he would…
Sundar Pichai, CEO of Google and Alphabet Inc., speaks at the inaugural 2024 Business, Government, and Society Forum at the Stanford Graduate School of Business in Stanford, California, on April 3, 2024. Carlos Barria | Reuters Five years removed from the onset of the Covid pandemic, Google is demanding that some remote employees return to…
A security guard stands outside the building near signs advertising the International Monetary Fund/World Bank Spring Meetings in Washington, DC, on April 17, 2025. Jim Watson | AFP | Getty Images The International Monetary Fund on Tuesday downgraded its growth forecasts for major Asian economies in 2025, citing trade tensions and “high policy uncertainty.” The…
In just 17 days after launch, Temu surpassed Instagram, WhatsApp, Snapchat and Shein on the Apple App Store in the U.S., according to Apptopia data shared with CNBC. Stefani Reynolds | Afp | Getty Images Chinese online retailer Temu, whose “Shop like a billionaire” marketing campaign made its way to last year’s Super Bowl, has…
U.S. President Donald Trump attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025. Nathan Howard | Reuters President Donald Trump’s tariff increase on imports from China would basically end most trade between that country and the U.S., according to economist Erica York. “It depends on how narrowly the tariff…
Imogen Foulkes BBC Geneva correspondent AFP US funding cuts will lead to an additional 2,000 new HIV infections each day and over six million further deaths over the next four years, the UNAids chief has warned. It would mark a stark reversal in the global fight against HIV, which has seen the number of deaths…
Top Senate Democrats on Friday asked the internal watchdogs of more than a dozen government agencies to investigate job cuts carried out at the direction of Elon Musk and his Department of Government Efficiency operation. The request was made in a letter signed by 15 Democratic senators and one independent who serve on government oversight…
A delivery rider passes by a Nike retail store on Dec. 29, 2024, in Chongqing, China. Cheng Xin | Getty Images News | Getty Images The Trump administration’s radical overhaul of the federal government and economic policy is bleeding into corporate earnings. Nike reported earnings Thursday, and cautioned that it expects sales in its current…
Nike’s “Just Do It” ad slogan on Feb. 5, 2025, in London, England. Richard Baker | In Pictures | Getty Images The Trump administration’s radical overhaul of the federal government and economic policy is bleeding into corporate numbers. Nike reported earnings Thursday, and cautioned that it expects sales in its current quarter to plunge because…
