Ukraine faces toughest winter yet as energy shortages loom  – POLITICO

Ukraine faces toughest winter yet as energy shortages loom  – POLITICO

Attacks on Ukraine’s nuclear plants would be particularly serious, said Kharchenko, the analyst. Kyiv’s reactors currently provide 60 percent of the country’s total power output and any missile strikes on the energy infrastructure supporting those plants could put them out of commission.  Last month, Ukraine urged the European Union for help, fearing Russia would soon … Read more

Stocks are entering the hottest period of the year

Stocks are entering the hottest period of the year

A pedestrian passes in front of a statue of a bull in the Wall Street area in New York City. Doug Kanter | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter … Read more

Super Micro’s 45% plunge this week wipes out stock’s gain for the year

Super Micro’s 45% plunge this week wipes out stock’s gain for the year

Charles Liang, chief executive officer of Super Micro Computer Inc., during the Computex conference in Taipei, Taiwan, on Wednesday, June 5, 2024. The trade show runs through June 7.  Annabelle Chih | Bloomberg | Getty Images Super Micro investors continued to rush the exits on Friday, pushing the stock down another 11% and bringing this … Read more

Chinese smartphone company Xiaomi delivers 20,000 SU7 EVs in October

Chinese smartphone company Xiaomi delivers 20,000 SU7 EVs in October

Chinese smartphone company Xiaomi on Tuesday announced a sports car version of its SU7 electric sedan would begin preorders for the equivalent of more than $110,000. Luna Lin | Afp | Getty Images BEIJING — China’s Xiaomi said Tuesday that it had delivered more than 20,000 SU7 EVs in October as it ramps up production … Read more

Kemi Badenoch is new leader of Britain’s Conservative Party – POLITICO

Kemi Badenoch is new leader of Britain’s Conservative Party – POLITICO

Badenoch has served in a host of Cabinet roles under previous Tory leaders, and argued during the campaign that the Conservatives needed to rebuild, understand their purpose as a party and rid themselves of incoherency. Politically, Badenoch is on the right and advocates free markets and free speech. She has been unafraid to court controversy … Read more

Airbus delivers first extra-long-range Airbus A321

Airbus delivers first extra-long-range Airbus A321

An Airbus A321XLR Neo passenger aircraft performs a flying display at the Paris Air Show in Le Bourget, Paris, France, on Monday, June 19, 2023.  Nathan Laine | Bloomberg | Getty Images Airbus said Wednesday that it has handed over its first extra-long-range narrow-body aircraft, the A321XLR, marking another step in an era of smaller … Read more

Investors’ wealth surges by Rs 128 lakh cr in Samvat 2080, Gold gives 32 pc return

Investors’ wealth surges by Rs 128 lakh cr in Samvat 2080, Gold gives 32 pc return

Mumbai: As the Indian stock market ended Samvat year 2080, investors’ wealth surged by a whopping Rs 128 lakh crore (about $1.5 trillion at current exchange rate) to Rs 453 lakh crore in just one year. This made Samvat 2080 the biggest wealth-creating year on record, banking upon a stable government, strong fundamentals s and … Read more

Jack Dorsey’s Block expands Square Card service to the UK

Jack Dorsey’s Block expands Square Card service to the UK

Marco Bello | AFP | Getty Images LONDON — Block, the payments company owned by tech billionaire Jack Dorsey has launched its corporate card service in the U.K. in a bid to deepen its expansion into the country and take on big incumbents like American Express. The firm’s business-focused payments arm, Square, told CNBC that it … Read more

Volkswagen Q3 2024 results

Volkswagen Q3 2024 results

A Volkswagen logo on the rim of an e-up. electric car tire. Julian Stratenschulte | Picture Alliance | Getty Images German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter. Operating profit fell to 2.86 billion euros ($3.1 billion), while third quarter sales revenues slipped 0.5% year on year … Read more

United Airlines raises requirements to earn frequent flyer status

United Airlines raises requirements to earn frequent flyer status

A United Airlines Boeing 757 departs from Los Angeles International Airport en route to New York on Sept. 19, 2024. Kevin Carter | Getty Images United Airlines customers will have to spend more to reach frequent flyer status next year, the latest move by the carrier to increase profits and give an exclusive feel to … Read more