business news

Huawei stays silent on secretive 5G phone at high-profile product launch

BEIJING — Chinese telecommunications and smartphone giant Huawei didn’t reveal any details about its new phone or reported advanced chip…

A top European software investor raises $700 million — defying the venture capital slump

Dawn Capital, one of Europe’s biggest backers of business-to-business software companies, raised $700 million in two new funds — doubling…

China-EU relationship is at a crossroads, top official says in Beijing

It is a make-or-break moment for China’s relationship with the European Union, as the bloc’s trade chief asks for more…

Ukraine claims Black Sea Fleet commander, officers died in Crimea strike; Poland tries to ease tensions with Kyiv

This was CNBC’s live blog tracking developments on the war in Ukraine. Ukraine’s important port city of Odesa suffered what…

New Jersey Sen. Bob Menendez hires Hunter Biden lawyer for bribery case

New Jersey Sen. Bob Menendez has tapped Abbe Lowell, the same attorney defending Hunter Biden against his tax and firearm…

Congress remains divided on budget negotiations as government shutdown looms: ‘Our financial ship is sinking’

Lawmakers over the weekend expressed few signs of movement on a budget resolution that would keep the U.S. government funded…

Biden will travel to Michigan to ‘join the picket line’ with UAW workers on strike

President Joe Biden on Friday said he will visit Michigan next week to support strikes by the United Auto Workers.…

Sen. John Fetterman is first Democratic senator to tell Sen. Bob Menendez to resign after bribery indictment

John Fetterman of Pennsylvania on Saturday became the first Democratic U.S. senator to call on Sen. Bob Menendez of New…