Economy

In this handout image released by the South Korean Defense Ministry via Dong-A Daily, a missile is fired during a joint training between the United States and South Korea on June 6, 2022 in East Coast, South Korea.South Korean Defense Ministry | Getty ImagesSouth Korean defense stocks have recorded stellar gains over the past 12… […]

An XPeng Inc. G9 electric vehicle at the Shanghai Auto Show in Shanghai, China, on Monday, April 24, 2023.Qilai Shen | Bloomberg | Getty ImagesGlobal electric vehicle makers are tapping advanced technology to vie with each other and domestic brands in the intensively competitive Chinese market.China is the world’s largest EV market with 5.9 million… […]

Jakub Porzycki | Nurphoto | Getty Images U.S. blockchain startup Ripple made a major foray into crypto custody on Thursday, launching new services aimed at helping banks and financial technology firms to store digital assets on behalf of clients. The San Francisco-based company told CNBC it is debuting a slew of features to enable its […]

For most travelers, flying in business and first class, especially on international flights, is a once-in-a-lifetime opportunity. A business class ticket can cost up to five times more than an economy ticket on Singapore Airlines — and a whopping 13 times more for a first-class one. As a result, these cabins are often booked by […]

A satellite image shows Hurricane Milton progressing in the Gulf of Mexico before its expected landfall in Florida, Oct. 9, 2024. CIRA | NOAH | Via Reuters The National Hurricane Center said Milton’s maximum sustained winds had dropped to 90 mph as of 1 a.m. ET Thursday, making it a Category 1 hurricane. The NHC […]

Ratan Tata speaks during an interview. Pradeep Gaur | Mint | Getty Images Tributes from industry leaders, politicians and the public at large poured in for Ratan Tata, the former chairman of India’s Tata Sons, who passed away on Wednesday, aged 86. India’s Prime Minister Narendra Modi in a post on X called Tata “a […]

Ian Read, chairman and chief executive officer of Pfizer, speaks as President Donald Trump, left, listens during an announcement on a new pharmaceutical glass packaging initiative in the Roosevelt Room of the White House in Washington, D.C., July 20, 2017. Andrew Harrer | Bloomberg | Getty Images Former Pfizer CEO Ian Read and ex-CFO Frank […]

A Chinese and US national flag hang on a fence at an international school in Beijing on December 6, 2018. (Photo by Fred DUFOUR / AFP) (Photo by FRED DUFOUR/AFP via Getty Images)Fred Dufour | Afp | Getty ImagesBusinesses see geopolitical tensions as the biggest threat to the global economy right now, according to the… […]

Customers dining at Boat Quay in the Central Business District of Singapore.Bryan van der Beek | Bloomberg | Getty ImagesSINGAPORE — Singapore-based food delivery apps Grab and Foodpanda are expanding into the dine-in space, as consumers look to eat out more post-pandemic.Grab is testing its dine-in feature across 15 cities in Singapore, Thailand and Indonesia,… […]

An unusual summer scorcher or a new normal?Some travelers aren’t waiting to find out if this year’s heat wave in southern Europe is an anomaly or part of a longer-term pattern caused by climate change.Tom Marchant, co-founder of the London-based luxury travel operator Black Tomato, told CNBC that his company has already seen a shift… […]