A top European Union regulator defended a decision to hit Meta with a record-setting fine, saying she had to enforce the law based on existing rules.Story Published at: May 24, 2023 at 01:07PM
Top EU regulator defends mega $1.3 billion privacy fine on Meta: ‘I have to enforce the law’
Chinese Tesla rival shares dive 5% after it forecasts a plunge in car deliveries
Xpeng has been hurt by a tough macroeconomic situation in China as well as rising competition from Tesla, BYD and electric car startups.Story Published at: May 24, 2023 at 12:55PM
The U.S. isn’t the only country with a debt ceiling. Here’s how Denmark avoids the drama
A standoff between the White House and Congressional Republicans over raising the U.S. debt ceiling has pushed the world’s largest economy to the brink of defaulting on its bills.Story Published at: May 24, 2023 at 12:42PM
France bans short-haul flights as it looks to cut transport emissions
The aviation sector and its effect on the environment sit at the heart of significant debate.Story Published at: May 24, 2023 at 12:30PM
Greek stocks are up 40% year on year — as the country shakes off ‘problem child of Europe’ label
A second term for Greece’s ruling New Democracy looks likely — in what economists see as good news for the stock market. Story Published at: May 24, 2023 at 10:00AM
European banks are stronger than their U.S. rivals, analysts say. Here’s why
Attendees of the Institute of International Finance conference in Brussels said European banks were in a strong position, but needed support to grow. Story Published at: May 24, 2023 at 07:44AM
UK inflation sinks below 10% for the first time since August
U.K. inflation dropped sharply in April, as energy prices retreated and the impact of Russia’s invasion of Ukraine began to drop out of the annual consumer price comparison.Story Published at: May 24, 2023 at 07:09AM
China’s tech sector may see fewer regulatory surprises — not zero, says S&P Global Ratings
China’s tech sector may see its worst days over, but it doesn’t mean that regulations will be easing, said S&P Global Ratings in a report.Story Published at: May 24, 2023 at 06:30AM
Japan and South Korea have a lot at stake in a free and open South China Sea
For two of East Asia’s biggest trade economies, the South China Sea is critically important.Story Published at: May 24, 2023 at 04:06AM
CNBC Daily Open: A debt ceiling deal won’t solve everything
The only story to be made of yesterday’s market moves is that, well, there wasn’t one. Markets are still in reactive mode, not a sustained rally.Story Published at: May 24, 2023 at 12:56AM