The United States Congress has until Friday at midnight to pass a bill raising the country’s borrowing limit, also known as the debt ceiling, without which large sections of the government could stop operating. A bill that would have extended the deadline until March 14, prepared by both Democrats and Republicans, was scuttled after President-elect … Read more
China’s attempts to dominate the world of artificial intelligence could be paying off, with industry insiders and technology analysts telling CNBC that Chinese AI models are already hugely popular and are keeping pace with — and even surpassing — those from the U.S. in terms of performance. AI has become the latest battleground between the … Read more
Hong Kong-Taipei is the busiest international flight route, according to a report released Tuesday by aviation intelligence company OAG. The route — which last held that position in 2019 — again tops the list despite seat capacity remaining 15% below pre-pandemic levels, according to OAG’s report. Seven of the 10 busiest international routes in the … Read more
United States President-elect Donald Trump has described the toppling of Syrian leader Bashar al-Assad as an “unfriendly takeover” by Turkiye, which had aligned itself with several of the opposition groups that led the lightning offensive on Damascus. Trump made the remarks – in apparent praise of Ankara – during a wide-ranging news conference on Monday … Read more
A briefcase filled with Iranian rial banknotes sits on display at a currency exchange market on Ferdowsi street in Tehran, Iran, on Saturday, Jan. 6, 2018. Ali Mohammadi | Bloomberg | Getty Images Iran is confronting its worst set of crises in years, facing a spiraling economy along with a series of unprecedented geopolitical and … Read more
Fast-food companies like Yum! Brands’ KFC and McDonald’s are getting back into chicken tenders as a way to attract consumers with a low-risk, high-reward bet on a familiar favorite. Nearly half of all fast-food restaurants served the chicken item as of the third quarter, up 5.7% from the same period in 2019, according to … Read more
Backlash has been building in the United States following a news report that links one of President-elect Donald Trump’s proposed cabinet members to an effort to revoke approval for the polio vaccine. On Saturday, The Associated Press news agency published a statement from a spokesperson for Robert F Kennedy Jr, whom Trump has nominated to … Read more
Prosecutors say McKinsey provided Purdue advice on measures it could take to ‘turbocharge’ OxyContin sales. Consulting firm McKinsey & Company has agreed to pay $650m to resolve a United States Department of Justice investigation into the consulting firm’s work advising opioid manufacturer Purdue Pharma on how to boost OxyContin sales. McKinsey has entered into a … Read more
Employees work at stations on the factory floor of Vanson Leathers, in their New Bedford factory, on Sept. 26. Lane Turner | Boston Globe | 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
A federal office in the United States charged with shaping foreign trade policies has announced it would launch an investigation into Nicaragua’s government for “persistent attacks on labor rights, human rights and the rule of law”. On Tuesday, the Office of the United States Trade Representative explained it had received “numerous credible reports” that Nicaragua’s … Read more