World’s largest sovereign wealth fund posts $110 billion in first-quarter profit as tech stocks surge

Norway's giant sovereign wealth fund on Thursday reported first-quarter profit of 1.21 trillion kroner ($110 billion).

Bank of England to cut rates in May, Morgan Stanley says, retaining contrarian call

Morgan Stanley says that the Bank of England will cut interest rates as soon as May, in a notable sign of optimism amid waning market sentiment.

Music investment firm Hipgnosis agrees $1.4 billion sale to Concord

Financing for the deal will be supported by Concord's partner Apollo Capital Management, the U.S. private equity giant.

After chip breakthrough, Huawei launches fresh lineup of phones to challenge Apple in China

Huawei launched the Pura 70 series of smartphones on Thursday in a bid to continue its resurgence in China and ramp up its challenge to Apple in the market.

BP trims down executive team, picks new head of its gas and low carbon energy business

British oil major BP on Thursday trimmed the size of its executive team down to 10 members.

Skytrax names the best airports of 2024 — and Singapore's Changi is no longer No. 1

Singapore's Changi Airport has lost its position as the world's best airport to Doha's Hamad International Airport, according to Skytrax. 

Photos show heavy rain and severe flooding in the United Arab Emirates

The government there also issued a red warning, and shuttered offices, school and banks.

TSMC beats first-quarter revenue and profit expectations on strong AI chip demand

TSMC is the world's largest producer of advanced processors and counts companies such as Nvidia and Apple as its clients.

Cisco debuts new AI-focused security system after $28 billion deal to buy Splunk

Enterprise tech giant Cisco unveiled a new security product, called HyperShield, which it says aims to secure clients' data and devices with the help of AI.

India kicks off the world's largest elections this week. Here’s what you need to know

Indians head to the polls on Friday in what will be the world's largest democratic election, as close to one billion voters pick their next government.

China slams U.S. probe into its shipbuilding industry, says move is a 'mistake on top of a mistake'

China on Wednesday said it "firmly opposes" the U.S. investigation into its maritime, logistics and shipbuilding industries.

How electric trucks are becoming the norm for moving cargo

From Europe to California, shipping and logistics operations are transitioning to electric trucks.

'Where do you see yourself in five years?': Recruitment expert on why you shouldn't care about this age-old question

A quickly evolving job market means having a five year career plan has become difficult. Here's what those in their early careers should consider instead.

Malaysia is unfazed by China, U.S. semiconductor competition, minister says

Malaysia appears to be benefitting from U.S.-China trade tensions, which has prompted companies to diversify their semiconductor operations.

Elon Musk says in email that Tesla sent 'incorrectly low' severance packages to some laid-off employees

In a brief email to staffers on Wednesday, Tesla CEO Elon Musk said the company sent incorrect severance packages to some employees who lost their jobs.

Google terminates 28 employees after multi-city protests: Read the full memo

Google terminated 28 employees Wednesday, according to an internal memo viewed by CNBC, after a series of protests against Project Nimbus.

Wall Street pushes out rate-cut expectations, sees risk they don't start until March 2025

Experts now see the Fed waiting until at least September and are increasingly entertaining the possibility of no cuts at all this year.

Biden wants to triple China tariffs on steel, aluminum imports

President Joe Biden will call on the U.S. Trade Representative to triple the China tariff rate on steel and aluminum imports.

Baidu releases new AI tools to promote application development

One year after Chinese tech firm Baidu released its ChatGPT-like Ernie bot, the company announced tools to encourage locals to develop AI applications.

Apple will 'look at' manufacturing in Indonesia, CEO Cook says, as China diversification push continues

Apple CEO Tim Cook said the company will "look at" manufacturing in Indonesia, following a meeting with the country's President Joko Widodo.

ASML earnings drag semiconductor stocks lower

ASML fell over 8% on a day when the entire S&P 500 index was only down less than 1%.

The cost to ride on India's luxury trains may surprise you

See inside four of India's most luxurious trains: Palace on Wheels, The Golden Chariot, Deccan Odyssey and Maharajas' Express.

Top EU official warns on 'weaponization of trade' as tensions ramp up between the U.S. and China

The European Union's trade chief on Wednesday warned against the "weaponization" of trade amid the latest ratcheting up of tensions between the U.S. and China.

Here are the top 15 companies in Singapore to work for, according to LinkedIn

LinkedIn has released its 2024 list of the top companies to work for in Singapore. Investing into the employee experience was key in this year's rankings.

Bitcoin halving is likely this week — here's what you need to know

The bitcoin halving usually precedes a price rise for the cryptocurrency to a new all-time high. But this time, things are different.

Tesla is laying off 285 employees in Buffalo, New York as part of a broad restructuring

Earlier this week, Tesla CEO Elon Musk sent a memo company-wide saying that the automaker would be reducing more than 10% of its global workforce.

Bank of Korea chief says won volatility is a little 'excessive' and will intervene if needed

The Bank of Korea will intervene to control currency volatility if needed, the BOK chief said, describing the recent market fluctuations as a little "excessive."

China's BYD fires up its car offerings to compete with Tesla and Jeep at the same time

Chinese electric car company BYD is rapidly expanding its lineup to include vehicles that compete with automakers across market segments.

K-pop stocks have sold off this year, but Goldman sees a turnaround

The K-Pop market is 'misunderstood', says Goldman Sachs, and it is on track for further growth in its global fanbase

ECB June rate cut looks increasingly likely — but there are 'still some caveats,' German central bank chief says

Several ECB officials have made remarks about their expectations for interest rates in recent days.


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