The latest projections from the Organisation for Economic Cooperation and Development (OECD) paint a bleak picture for the U.K. economy, setting the stage for a sobering reality check. The anticipated growth rates of 1.3% in 2025 and a further decline to 1% in 2026 reveal a troubling stagnation that reflects deeper, systemic issues rather than
World
In a world increasingly shaped by the interplay of politics and commerce, the recent fallout from tariffs on American imports has become a bitter reality for restaurateurs like Geng Xiaoyun. In his acclaimed Beijing establishment, Kunyuan, Geng proudly served a dish of salt-baked chicken feet—a delicacy often referred to as “phoenix talons.” Despite the culinary
As the global airline industry gathers at its annual summit in India, the atmosphere is almost electric—charged with both anticipation and unease. The turbulent backdrop of an evolving trade war, coupled with formidable environmental targets, casts a long shadow over industry leaders. After a strong rebound in passenger travel following the pandemic, signs indicate that
OPEC+ has taken an audacious step by increasing oil production by 411,000 barrels per day for July, demonstrating a drastic shift in its production strategy. This move appears not only as an attempt to reclaim lost market share but also as a tactic to punish non-compliant members who have overstepped their production quotas. In a
As the world’s largest economies grapple with a web of trade tensions, recent statements from U.S. Treasury Secretary Scott Bessent reveal a significant standstill in negotiations between the United States and China. Bessent’s comments to Fox News suggest that, while discussions have taken place and some agreements were reached in Switzerland earlier this year, the
On Thursday, South Korea’s central bank made a bold yet troubling decision, slashing its policy interest rate by 25 basis points. The cut brought the rate down to 2.5%, the lowest level seen since August 2022. Economists had anticipated this reduction, which marks the fourth cut within six monetary policy meetings. But one must ask:
The semiconductor industry has become a battleground marked by geopolitical tensions and economic uncertainty, and at its center lies ASML, a company once considered a titan of technological prowess. In the last year, more than $130 billion has evaporated from ASML’s market capitalization, sending shockwaves through the sector. From a staggering peak of over 1,000
In a world increasingly characterized by economic uncertainty and volatile geopolitical tensions, the recent data signaling a resurgence in China’s industrial profits is both intriguing and complex. The National Bureau of Statistics has revealed that industrial profits rose by 3% in April, marking a continuation from March’s 2.6% growth—an apparent sign of robust recovery in
The recent announcement from Volvo Cars, a staple of Scandinavian automotive ingenuity, to lay off approximately 3,000 employees is a stark reminder of the precarious balance at play in the global automotive industry. Håkan Samuelsson, the company’s CEO, described these layoffs as “difficult decisions” necessary for building a “stronger and more resilient” future for the
In an unpredictable world, resilient investments have become a haven for anxious investors, and the All-Weather stock list is a beacon of promise amidst market chaos. Originally launched to combat rising concerns over the longevity of the bull market, this list aims to harness CNBC Pro’s access to top-tier Wall Street analysts and stock screening