Author: Daniel snow

[ad_1] The 2025 Summer Davos forum will be held from June 24 to 26 in Tianjin and is expected to bring together around 1,800 participants from over 90 countries and regions.China News Service | China News Service | Getty ImagesThis report is from CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. Each week, we’ll explore the biggest business stories in China, give a lowdown on market moves and help you set up for the week ahead. Like what you see? You can subscribe here.The big storyThe U.S. entering the Israel-Iran conflict…

[ad_1] Former Italian Prime Minister Matteo Renzi gestures during the event “Two Peoples, Two States, One Destiny” promoted by Azione, Italia Viva, and + Europa, a public debate on the Israeli-Palestinian conflict and aims at supporting a solution based on the peaceful coexistence of two states, in Milan on June 6, 2025. Stefano Rellandini | Afp | Getty ImagesThe European Union needs to step up its role in global affairs as tensions with U.S. President Donald Trump build up, according to former Italian Prime Minister Matteo Renzi.His comments to CNBC come after Trump said that the EU was “not going…

[ad_1] In the wake of President Trump’s second election, it’s the luxe life at full volume. [ad_2] Source link

[ad_1] Asia FX, dollar rangebound amid Israel-Iran caution; Aussie stalls on soft CPI [ad_2] Source link

[ad_1] Chinese Premier Li Qiang spoke at the World Economic Forum’s annual “Summer Davos” event in 2024, which was held in Dalian, China.Bloomberg | Bloomberg | Getty ImagesTIANJIN, China — Chinese Premier Li Qiang on Wednesday called on other countries to collaborate on trade, despite rising tariffs and other barriers.”Globalization will not be reversed,” he said through an official English translation, as he called on all sides not to turn trade into a political or security issue.Engaging in the international economy is a way of “reshaping the rules and order,” Li added.Li did not comment specifically on U.S. tensions or…

[ad_1] Israel may have astonished much of the world with its tactical skill in its recent war against Iran, but for now, it has lost, in terms of its true goals. [ad_2] Source link

[ad_1] A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023.Athit Perawongmetha | ReutersChina is devising more ways for foreign institutions to use the yuan, as international confidence in the U.S. dollar falters.The moves aim at challenging the greenback, experts said, even as the U.S. dollar remains by far the world’s predominant currency. The timing is favorable as the U.S. dollar index has tumbled more than 9% this year — while the offshore yuan has strengthened more than 2% against the dollar.In a sign of growing…

[ad_1] Russian aggression and keeping Trump happy are the two themes of the gathering so far. [ad_2] Source link

[ad_1] CNBC’s Jim Cramer on Tuesday told investors the market no longer seems to be concerned about the potential for Chinese startup DeepSeek to outpace the tech titans currently leading in the artificial intelligence arena.”This data center renaissance, so shocking to the people who abandoned these stocks — the Nvidias, the AMDs, the Vertivs, the Microns, the Marvell Technologies — are all back or nearly back,” he said. “And the story…that Nvidia CEO Jensen Huang calls the new industrial revolution, is once again front and center. It’s like DeepSeek never happened. The AI stocks, they’re all breaking out.”The indexes climbed…

[ad_1] AeroVironment CEO Wahid Nawabi told CNBC’s Jim Cramer that the defense contractor has capabilities that could help create a “Golden Dome” missile defense system.”We have many, many pieces of the puzzle for [an] effective and successful adoption and implementation of the Golden Dome,” Nawabi said.President Donald Trump rolled out plans for the costly Golden Dome project late last month. He said he expects it to be operational in about three years and that it would cost roughly $175 billion. According to Trump, the system “will be capable of intercepting missiles even if they are launched from other sides of…