Author: Daniel snow

This report is from this week’s CNBC’s UK Exchange newsletter. Each Wednesday, Ian King brings you expert insights on the most important business stories from the U.K. and other key developments you won’t want to miss. Like what you see? You can subscribe here.The dispatchSome 31 years after they were privatized, the U.K.’s railways are heading back into public ownership.The country’s railway tracks, stations, tunnels and signals were effectively renationalized in 2002, but it was a policy of the current Labour administration, when they were elected last year, to bring operation of the trains themselves back to the state.Only the rolling…

The 12-day war is over. But there’s no peace in sight. Source link

Asia FX dips as traders brace for more Trump tariffs; RBNZ holds rates steady Source link

CEO of Supermicro Charles Liang speaks during the Reuters NEXT conference in New York City, U.S., December 10, 2024. Mike Segar | ReutersPARIS — Super Micro plans to increase its investment in Europe, including ramping up manufacturing of its AI servers in the region, CEO Charles Liang told CNBC in an interview that aired on Wednesday.The company sells servers which are packed with Nvidia chips and are key for training and implementing huge AI models. It has manufacturing facilities in the Netherlands, but could expand to other places. “But because the demand in Europe is growing very fast, so I already…

WASHINGTON, DC – JULY 7: An aide picks up a page from a letter to Japan and South Korea, signed by U.S. President Donald Trump, announcing 25% tariffs beginning on August 1st, during the daily press briefing in the Brady Press Briefing Room at the White House on July 7, 2025 in Washington, DC. Andrew Harnik | Getty Images News | Getty ImagesIn the first batch of “tariff letters” sent to trading partners, U.S. President Donald Trump took aim at two of the closest U.S. allies in Asia: Japan and South Korea — both are already bearing the brunt of…

Customers shop at a supermarket in Qingzhou City, East China’s Shandong Province, Aug 9, 2023.Costfoto | Nurphoto | Getty ImagesChina’s producer prices plunged 3.6% in June from a year earlier, marking its largest decline in nearly two years, as a deepening price war rippled through the economy that’s already grappling with weakening consumer demand.The consumer price index edged 0.1% higher in June from a year ago, according to data from the National Bureau of Statistics Wednesday, showing early signs of recovery after four consecutive months of declines.Economists had forecast a flat reading compared to the same period a year earlier,…

A U.S. Justice Department logo or seal showing Justice Department headquarters, known as “Main Justice,” is seen behind the podium in the Department’s headquarters briefing room before a news conference with the Attorney General in Washington, January 24, 2023.Kevin Lamarque | ReutersFederal prosecutors have charged two men in connection with a sprawling cryptocurrency investment scheme that defrauded victims out of more than $650 million.The indictment, unsealed in the District of Puerto Rico, accuses Michael Shannon Sims, 48, of Georgia and Florida, and Juan Carlos Reynoso, 57, of New Jersey and Florida, of operating and promoting OmegaPro, an international crypto multi-level…

CNBC’s Jim Cramer on Tuesday described why he likes online used car dealer Carvana, telling investors they can start a small position and wait for a pullback to buy more.”I like Carvana for the long-haul because I’m a true believer, but that doesn’t mean the stock will charge endlessly higher without taking some detours,” he said. “In fact, I hope it gives you a big pullback, because that will let you get back into the stock at a very nice discount.”Cramer said the stock “tends to be a real wild trader,” but it’s been on an upswing over the past…

The lack of full metrics make it difficult to assess any claims of service enhancements, analysts said Source link

Apple is known for its supply-chain prowess and is turning to a company veteran to become its next chief operating officer. Source link