business news

Inflation blame game: UK economic woes set government and central bank on a collision course

LONDON — In January, with one eye on a critical general election in 2024, U.K. Prime Minister Rishi Sunak vowed…

Ukraine war live updates: Wagner’s Prigozhin reportedly resurfaces; NATO extends Stoltenberg’s term

This is CNBC’s live blog tracking developments on the war in Ukraine. See below for the latest updates.  Temporary restrictions…

HDFC Bank director says Indian mega merger won’t face ‘insurmountable challenges’

The merger between India’s HDFC Bank and the Housing Development Finance Corporation (HDFC) will increase the entity’s customer base and…

Before Apple’s Vision Pro hits the shelves, lower-priced rival Xreal claims it’s near 200k shipments

BEIJING — Less than a year since augmented reality glasses startup Xreal started sales, the Alibaba-backed company is claiming shipments…

BYD launches its most direct Tesla competitor yet

BEIJING — Chinese electric car giant BYD is launching a new electric SUV, its most direct competitor yet to Tesla’s…

OCBC is looking to Greater China and Southeast Asia for a $2.2 billion boost in revenue

Singapore’s Oversea-Chinese Banking Corporation has set its sights on “longer term opportunities” in Greater China and Southeast Asia and expects…

Stocks making the biggest moves midday: Tesla, Rivian, XPeng and more

Check out the companies making headlines in midday trading. Electric vehicles — Electric vehicle makers such as Rivian Automotive surged…

Stocks making the biggest moves in the premarket: Tesla, Apple, AstraZeneca and more

Check out the companies making headlines in premarket trading. Tesla — Tesla shares popped nearly 7% after the electric vehicle…

Russia’s Medvedev cites risks of nuclear war; Moscow calls loss of Wagner forces ‘no threat’ to combat abilities

This was CNBC’s live blog tracking developments on the war in Ukraine. See here for the latest updates.  Moscow’s combat…

China’s central bank gets a new party secretary

BEIJING — The People’s Bank of China announced Saturday that Pan Gongsheng, head of the country’s foreign exchange regulator, would…