Economy

China customs officers raising a Chinese flag during a rehearsal for a flag-raising ceremony in Shanghai. Qilai Shen | Bloomberg | Getty Images Chinese exchange-traded funds saw a “staggering” growth in the last five years, with inflows consistently notching new highs, according to Morningstar. “Annual inflows to China ETFs surged almost fivefold over the past […]

An artificial intelligence concept displaying a business man working with a virtual display Busakorn Pongparnit | Moment | Getty Images Chinese companies are leading the way in the experimentation of generative AI, but they’re still behind the U.S. when it comes to full implementation, according to a new survey. The survey — by AI analytics […]

Jaap Arriens | Nurphoto | Getty Images Microsoft said it would give up its observer seat on the OpenAI board amid regulatory scrutiny into generative artificial intelligence in Europe and the U.S. Microsoft’s deputy general counsel, Keith Dolliver, wrote a letter to OpenAI late on Tuesday, saying that the position had provided insights into the […]

Nischa Shah was an investment banker for a decade, before becoming a full-time content creator. Nisha Shah Personal finance YouTuber Nischa Shah quit her six-figure investment banking job to become a full-time content creator — and it was a gamble that paid off. After working in banking for a decade, Shah became an associate director […]

French borrowing costs still face a “blowout” over those of Germany, as political and economic reality sets in following the country’s parliamentary electionaccording to veteran investor David Roche. However, former European Central Bank chief Jean-Claude Trichet told CNBC he believes that, despite current uncertainty, a “coalition of ideas” will form to break any deadlock. The […]

A Temasek Holdings signage at their office in Singapore. Munshi Ahmed | Bloomberg | Getty Images Singapore’s Temasek said Tuesday most of its investment capital will keep going into the U.S. with the state investment company focusing on the early adopters of AI among traditional industries in the country. While the U.S. overall appears to […]

BP in 2020 set out its ambition to become a net zero company “by 2050 or sooner.” Matt Cardy | Getty Images News | Getty Images BP shares dropped Tuesday after the firm flagged it expects to post an impairment of up to $2 billion in the second quarter and warned of lower refining margins […]

Newly-elected Iranian President Masoud Pezeshkian visits to the shrine of the Islamic Republic’s founder Ayatollah Ruhollah Khomeini in Tehran, Iran on July 06, 2024. Fatemeh Bahrami | Anadolu | Getty Images Iran on Friday elected its first “reformist” president in 20 years, signaling many voters’ rejection of hard-line conservative policies amid low turnout of just […]

Filip Radwanski | Sopa Images | Lightrocket | Getty Images Hackers more than doubled their cryptocurrency spoils in the first half of 2024 compared with a year ago, a report from blockchain research firm TRM Labs showed. The report said $1.38 billion worth of crypto was looted between Jan. 1 and June 24, more than […]

U.S. President Joe Biden boards Air Force One at Dover Air Force Base in Dover, Delaware, U.S., June 20, 2024. Amanda Andrade-rhoades | Reuters President Joe Biden’s fundraising operation started showing cracks in its once formidable armor, almost 10 days after his disastrous presidential debate performance. Some of Biden’s campaign bundlers have stopped making calls […]