McDonald’s increases its minority stake in China business with Carlyle deal
McDonald’s is buying Carlyle’s stake in its China business, increasing its minority share from 20% to 48% ownership. The fast-food giant sold off control of its restaurants in mainland China, Hong Kong and…
HP, Dell and Lenovo among 27 firms granted approval to manufacture tech hardware in India under incentive scheme
U.S. tech giants Dell, HP and China’s Lenovo are among the 27 companies that have received approvals to make IT hardware in India under a production-linked incentive scheme, as the country aims to boost domestic manufacturing…
Thailand’s economy is slowing, and it could mean trouble
Thailand’s economy grew at its slowest pace in almost a year in the third quarter, and analysts say the trend is here to stay. Thailand’s gross domestic product grew 1.5% year-on-year…
China’s property sector needs more government support as crisis deepens
China’s property market, which makes up a substantial chunk of the country’s economy, needs more government support to prevent it from deteriorating further, analysts said. Existing home prices fell in…
Microsoft CEO Nadella says OpenAI governance needs to change no matter where Altman ends up
Microsoft CEO Satya Nadella told CNBC’s Jon Fortt on Monday that the governance structure of OpenAI needs to change, three days after the sudden firing CEO Sam Altman. “At this point, I think…
UK PM Sunak reportedly said ‘just let people die’, COVID inquiry hears
Prime Minister Rishi Sunak was quoted as saying the government should "just let people die" during the COVID-19 pandemic rather than impose a second national lockdown, the inquiry into how…
Bank of Japan needs to walk away from ultra-loose monetary policy to support yen, Deutsche Bank says
Among major central banks, the Bank of Japan has been most notorious for its ultra-loose monetary policy, but that must come to an end soon to support the country’s currency, according to…
Mastercard doubles down on effort to detect and tackle crypto fraud with AI tie-up
Mastercard is doubling down on its efforts to detect and prevent fraud that’s routed through cryptocurrency exchanges. The company told CNBC exclusively that it’s partnered with Feedzai, a regulatory technology platform…
The False Promise of Carbon Offsets
It’s Time to Retire an Ineffective Tactic to Fight Climate Change As the world prepares for the 28th round of global climate negotiations, which will take place in Abu Dhabi in…
Pop star Shakira reaches a deal with Spanish prosecutors on the first day of tax fraud trial
Pop star Shakira agreed to a deal with Spanish authorities on the first day of a tax fraud trial in Barcelona on Monday, avoiding the risk of a prison sentence. Shakira told…
