Author: Editor-In-Chief
london — King Charles III said the Duke and Duchess of Sussex will continue to be non-working royals and will not carry out any official duties on behalf of the monarch after returning to Britain after a six-year stay in the United States. In a letter sent on behalf of the King on Monday, Lord Chamberlain, the most senior member of the Royal Family, said: “It is well known that the Duke and Duchess stepped down as representatives on behalf of the King in January 2020 and are no longer members of the Royal Family.” This position “will continue to…
Employees look at oil transport pipelines in the Arabian Sea at Saudi Aramco’s Ras Tanura refinery and oil terminal in Ras Tanura, Saudi Arabia.Simon Dawson | Bloomberg | Getty ImagesHello, this is Leonie Kidd from London. The “illusion of abundance” is fading, and predictions that the Strait of Hormuz will soon “return to normal” would be “very optimistic.” This is the warning from commodity industry veteran Jeff Currie as oil prices rise again due to rising tensions in the Middle East. As U.S. investors return from the Labor Day long weekend, the direction of trade is likely to be determined…
April 24, 2025 in Veldhoven, Netherlands, ASML’s Assia Haddou shows CNBC’s Katie Tarasov a high NA chip manufacturing machine.Magdalena Petrovawith samsung TSMCthe world’s two largest chip manufacturers, ASMLHigh NA extreme ultraviolet (EUV) lithography machines are on the rise as demand for more advanced chips increases. ASML’s EUV lithography equipment is a critical tool used to print circuit patterns on silicon wafers during the chip manufacturing process. High NA machines can print smaller, more complex patterns. This tool could cost around $400 million. Samsung, one of the world’s largest memory chip manufacturers, announced that it will use ASML machines to produce…
A truck crosses the Gordie Howe International Bridge between Windsor, Ontario, and Detroit, Michigan into the United States on September 6, 2025.Jeff Kowalski | AFP | Getty ImagesCanada’s retaliatory tariffs on U.S. goods went into effect Tuesday after trade talks collapsed last month as relations between the U.S. government and Ottawa continue to deteriorate. Tariffs range from 15% to 50% on $27.6 billion worth of U.S. products, including dairy products, agricultural machinery, paper, home appliances, and electronics. Canada’s tariffs on U.S. steel, aluminum and iron products have doubled to 50%, with furniture and clothing also subject to the highest tax…
The Saudi-led coalition has vowed a decisive response to a series of attacks by Iranian-backed Houthi militants that injured dozens of civilians and set fires at energy facilities in Yemen. Reported Houthi attacks on several Saudi towns and cities mark a dramatic escalation in the conflict, which flared up again in July with missile attacks on Saudi oil facilities and ships in an escalation of the Middle East war. Saudi-led coalition spokesman Maj. Gen. Turki al-Maliki said at least 73 people were injured, including women and children, and called the attack “dangerous” and “senseless.” Al-Maliki said Houthi forces targeted “civilian…
Blood sample for lipoprotein(a) test.MD Babul Hosen | iStock | Getty ImagesNovartisFailure of closely watched cardiovascular clinical trial raises questions about pharmaceutical industry’s biggest drug race and competing treatments from leading U.S. companies amgen and Eli Lilly.Peracalcen, a drug jointly developed with ionis pharmaceuticalspecifically reduced harmful cholesterol in late-stage clinical trials, but failed to significantly improve cardiovascular disease outcomes, Novartis announced after the bell Friday. Shares fell 3% on Monday.This is the first major clinical setback in the race to develop treatments to lower Lp(a), which increases cardiovascular risk and affects an estimated 1 in 5 people worldwide and currently…
Hundreds of balaclava-wearing demonstrators blocked roads and clashed with police in southern England on Sunday night after a small boat carrying migrants came ashore, marking the second major anti-immigration demonstration in Britain over the weekend. Footage from the scene in the coastal city of Portsmouth showed protesters, mostly dressed in black, chanting “stop the boats” and “England till we die”. A group of far-right agitators first tried to block lifeboats transporting migrants to land, before staging road protests to try to block buses transporting asylum seekers to processing facilities. The standoff between police continued into the early hours of Monday…
Mistral AI founder Arthur Mensch during the “Nvidia GTC” meeting at the 2025 VivaTech conference on Wednesday, June 11, 2025 in Paris, France. Nathan Lane | Bloomberg | Getty ImagesMistral announced Tuesday that it has raised 3 billion euros ($3.5 billion) in new funding led by memory chip giant Samsung, as the French startup seeks to position itself as a European alternative to rivals such as OpenAI and Anthropic.The investment also saw participation from ScaleUp Europe Fund, a European Union-backed investment fund managed by EQT, and existing investor PSG Equity. Mistral said the funding would bring the company’s post-money valuation…
The Eiffel Tower in Paris was closed on Monday after workers went on strike to protest claims that a female co-worker was told to keep an eye on her during a visit by a Hindu religious group, drawing criticism from French politicians. About 100 members of Bochasanwasi Akshar Purushottam Swaminarayan Sanstha (BAPS), a global Hindu organization headquartered in Ahmedabad, India, visited the landmark on Saturday. BAPS describes itself as a “spiritual, volunteer-led fellowship” dedicated to improving society through personal growth and promoting Hindu values of faith, service, and world harmony. The group inaugurated a new Hindu temple in Paris on…
U.S. President Donald Trump speaks during the signing of an executive order in the Oval Office of the White House on September 4, 2026 in Washington, DC. Andrew Harnik | Getty Images News | Getty ImagesHello, my name is Justina Lee from Singapore. Welcome to another edition of CNBC’s Daily Open.Trade relations between the U.S. and Canada remain tense, with U.S. President Donald Trump saying on Monday that Canadian aircraft maker Bombardier must manufacture products locally to continue selling to the U.S. market.Meanwhile, the European Union is strengthening ties with Greenland with a new boost of €200 million in funding…