Key inflation indicator posts biggest year-over-year gain in nearly three decades

A key inflation indicator that the Federal Reserve uses to set policy rose 3.4% in May, the fastest increase since the early 1990s.

Big Oil's increasing number of climate lawsuits draws parallels to Big Tobacco

Analysts believe a rising tide of climate litigation cases against heavy emitting businesses is merely scratching the surface of what is to be expected.

Europe?s leaders disagree on Russia talks despite Biden-Putin meeting

Several EU countries oppose new talks with Russia because they do not believe there has been any change in behavior from Moscow.

The UK's Covid vaccine program and delta surge means it's now a test case for the world

The U.K. has one of the highest Covid vaccination rates in the world yet it's seeing a surge in cases. Where the U.K. treads, others could follow, experts fear.

Brits haven't had to pay mobile roaming charges in the EU since 2017 ? that's now set to change

Britain's top mobile network operator EE announced it would bring back mobile roaming charges, starting next year.

Hackers are infecting gamers' PCs with malware to make millions from crypto

Cyber criminals are targeting gamers with "mining malware" as they look to get crypto-rich, according to research published by security firm Avast.

In Scotland, wave energy device reaches critical milestone, gears up for testing

Marine energy's current footprint is tiny compared to other renewable technologies like solar and wind. 

Travel writers share the biggest mistakes tourists make in their cities

Travelers often unknowingly violate local protocols. Experts say these are the worst tourist offenses they see on their home turfs.

Hong Kong journalists blame Apple Daily's closure on 'continuous government oppression'

Pro-democracy newspaper Apple Daily printed its last edition on Thursday, and its digital content was no longer accessible as of 11:59 pm local time Wednesday.

Driverless car firm Pony.ai hires JPMorgan executive as its first CFO

Lawrence Steyn, currently vice chairman of investment banking at JPMorgan, will move into the role of chief financial officer at Pony.ai.

Amazon and Google face UK competition probe over fake reviews

Britain's competition regulator on Friday launched a formal probe into Amazon and Google over concerns they haven't done enough to tackle fake reviews.

Chinese companies sign up for Euro 2020 soccer sponsorships in a bid to go global

Behind soccer players at this year's Euro 2020 championship, ads roll for a number of Chinese sponsors, including Alibaba-affiliate Alipay.

Virgin Galactic jumps 20% after getting the green light from the FAA to fly passengers to space

Virgin Galactic announced on Friday that the Federal Aviation Administration granted the company with the license it needs to fly passengers on spaceflights.

Indonesia's health-care workers struggle with a 'double burden' as cases rise, humanitarian organization says

Medical workers in Indonesia are grappling with the pressure of caring for Covid patients while vaccinating the population, Edhie Rahmat of Project HOPE said.

Norway's Statkraft lined up to provide green hydrogen for 88-meter long, zero-emission ship

The idea is for the ship, which will also have two rotor sails, to carry grain and gravel.

Hong Kong's Hang Seng index jumps more than 1%; South Korea's Kospi closes at record high

The Kospi in South Korea rose 0.51% on Friday to a new record close of 3,302.84.

Stock futures extend gains after key inflation report comes in as expected

Investors will be watching for signs of inflations when the Commerce Department releases its core personal consumption expenditures index.

Chinese ridesharing giant Didi aims for $60 billion valuation in IPO

Chinese ride-hailing giant Didi plans to list the equivalent of 72 million shares of Class A common stock on the New York Stock Exchange under ticker DIDI.

Microsoft closes above $2 trillion market cap for the first time

Satya Nadella's Microsoft has become easier for companies to work with, it hasn't made deals that went bad, and its Teams and Azure assets are now common.

Starbucks CEO says business is rebounding in markets where vaccinations are up

Starbucks is seeing big upticks in business in places where vaccinations are on the rise, CEO Kevin Johnson said Thursday.

China plans to send its first crewed mission to Mars in 2033 and build a base there

Space is an area China wants to lead as part of a broader technology battle with the U.S. NASA plans a crewed mission to Mars in the 2030s.

S&P 500 closes at a record, Dow jumps 320 points as Biden reaches infrastructure deal

President Joe Biden declared that the White House struck an infrastructure deal with a bipartisan group of senators.

Credit Suisse predicts global growth of 5.9% for 2021, says stocks to outperform other asset classes

In the equities market, Credit Suisse said it prefers exposure to cyclical sectors such as financials and materials.

Nike earnings and sales beat estimates as retailer books record revenue in North America

Nike on Thursday reported fiscal fourth-quarter earnings and sales that topped analysts' estimates, fueled by record revenue in North America.

Singapore to expand its vaccination campaign to everyone 12 and older on July 2

Singapore said Thursday that some permanent residents and long-term pass holders can begin booking appointments on July 2.

Delta Covid variant has a new mutation called 'delta plus': Here's what you need to know

A mutation of the delta variant has emerged, it's called "delta plus."

China is actually 'all in' on crypto ? but only a brand it can control, Andreessen Horowitz partner says

"China is actually all in on crypto. Make no mistake about that," Andreessen Horowitz crypto co-lead Katie Haun told CNBC on Thursday.

JPMorgan Chase ?strongly? urges all U.S. employees to get vaccinated ahead of office return

JPMorgan is taking a more gradual approach to vaccine enforcement than smaller rival Morgan Stanley.

Two guests aboard Royal Caribbean cruise test positive for Covid

Two guests aboard Royal Caribbean Cruises' Adventure of the Seas ship under the age of 16 tested positive for Covid-19 during routine testing.

Federal Reserve gives U.S. banks a thumbs-up as all 23 lenders easily pass 2021 stress test

If there was an anticlimactic note to this year's test, it's because the industry underwent a real-life version when the coronavirus pandemic struck.


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