Author: Justin M. Larson
Han Duck-soo was convicted of playing a key role in former President Yoon Suk Yeol’s imposition of martial law, which a court said was an insurrection. Source link
Shareholders in a Baillie Gifford closed-end investment fund have rejected plans by activist investor Boaz Weinstein’s hedge fund Saba Capital to oust the board.At a general meeting on Tuesday requisitioned by Saba, 53.2% of votes cast rejected the plan to cull six Edinburgh Worldwide Investment Trust directors and replace them with three Saba-backed candidates. Overall, 92.7% of all the EWIT shares, excluding those held by Saba, voted against the proposals. The decision marks a second defeat for Saba Capital in its long-running and at times bitter campaign against the board of Edinburgh Worldwide, a U.K. fund which invests in cutting-edge…
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here.The big storyChina is moving from global exporter to investor, right into regions the U.S. is eyeing.As U.S. President Donald Trump this year intensified U.S. influence on Venezuela, Iran and Greenland, one of the immediate concerns on the Chinese side was its local investments.Speaking at Davos on Tuesday, Chinese Vice Premier He Lifeng urged global leaders to provide a fair and predictable environment for Chinese businesses operating overseas.There are significant investments in factories and…
CHONGQING, CHINA – JANUARY 16: An elderly man walks along a street with high-rise residential buildings under construction in the background, where tower cranes and overhead power lines are visible on January 16, 2026, in Chongqing, China. Cheng Xin | Getty Images News | Getty ImagesChina’s sharp investment downturn is amplifying credit risks across the economy, particularly homebuilders, real estate, banks and construction sectors, Fitch Ratings has warned, as a slowing economy crimps their growth and the ability to repay debt. Fixed-asset investment in China, or FAI, declined 3.8% in 2025 to 48.52 trillion yuan ($6.8 trillion) — the first…
A giant screen shows a news report on China’s “Justice Mission 2025” military drills around Taiwan, in Beijing, China Dec. 30, 2025. Tingshu Wang | ReutersChina has doubled down on its criticism of the trade deal between Taiwan and the U.S. agreed last week, warning that it would benefit Washington, while eroding the island’s industrial strength. The trade agreement saw U.S. tariffs on the Taiwan’s exports reduced to 15% with Taipei committing billions in additional investments in America. Peng Qingen, a spokesperson for China’s Taiwan Affairs Office, said on Wednesday that the deal would “only drain Taiwan’s economic interests,” while…
Microsoft, the $3.4trn computing behemoth, will this week unveil a partnership with the Mercedes Formula One team that will underline the sport’s resurgent appeal among the world’s biggest technology companies.Sky News understands that Microsoft will be announced as a major sponsor of the Brackley-based outfit when it unveils its 2026 car livery and design at an event on Thursday. One sponsorship expert estimated that the deal could be worth in the region of $60m-a-year, adding that if that figure was accurate, it would rank among F1’s biggest individual team sponsorship agreements.Money blog: Inflation rises again – here’s what it could…
A shopper browses fruit and vegetables for sale at an indoor market in Sheffield, UK. The OECD recently predicted that the UK will experience the highest inflation among all advanced economies this year.Bloomberg | Bloomberg | Getty ImagesThe U.K. inflation rate rose to 3.4% in December, above forecasts of 3.3% from economists polled by Reuters.The inflation rate had cooled sharply to 3.2% in the twelve months of November, with the data encouraging the Bank of England to cut interest rates at its final meeting of the year last month.Core inflation, excluding energy, food, alcohol, and tobacco, stood at 3.2% in…
This report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchBritish diplomats have long prided themselves on the so-called “special relationship” with the United States.The phrase was coined by Winston Churchill, Britain’s inspirational wartime leader, when in March 1946 he famously described how an “iron curtain” had descended across Europe.His speech was delivered at Westminster College in Fulton, Missouri, home state of the then-U.S. president Harry Truman, who was shown a copy in advance.Warning of the threat to democracy posed by the Soviet Union, Churchill said: “Neither the sure prevention of war, nor the continuous rise of world…
Jonathan Josephs,Nick EdserandAdam Hancock,Business reportersBloomberg via Getty ImagesThe European Parliament is planning to suspend approval of the US trade deal agreed in July, according to sources close to its international trade committee.The suspension is set to be announced in Strasbourg, France on Wednesday.The move would mark another escalation in tensions between the US and Europe, as Donald Trump ratchets up his efforts to acquire Greenland, threatening new tariffs over the issue on the weekend. The stand-off has rattled financial markets, reviving talk of a trade war and the possibility of retaliation against the US for its trade measures.Shares on both…
Taiwan’s domestic gridlock is revealing a deep-seated fracture over how the island should defend itself and how much it can depend on the United States. Source link
Thomas Mackintosh,Guy HedgecoeandToby MannCatalonian fire serviceFire crews inspect the wreckage of the train in CataloniaA train driver has been killed and at least 37 people injured, five seriously, after a commuter train derailed and crashed near Barcelona just days on from a deadly two-train collision in southern Spain on Sunday. According to local officials, on Tuesday evening the Rodalies train collided with a retaining wall which fell onto the track between Gelida and Sant Sadurní. Catalonia regional fire Inspector Claudi Gallardo said all passengers had been removed from the train.The incident occurred as heavy storms battered north-eastern Spain, as coastal…
A landmark study has paved the way for type 1 diabetes screening among children to stop them “crash landing” into diagnosis. NHS pre-diabetes clinics for children are to be set up after the study confirmed the feasibility of using finger-prick blood tests to spot the disease before symptoms arise. The study found children can be diagnosed in the earliest stage of type 1 (T1) diabetes, with experts saying the findings could lead to a “step change” in diagnosis and treatment.Up to 400,000 people in the UK have T1 diabetes – which is around 8% of those with diabetes.About a quarter…
Tetsuya Yamagami, 45, had admitted to shooting Mr. Abe, Japan’s longest-serving prime minister, with a homemade gun at a political rally in 2022. Source link
Watch: BBC asks if breakup of Nato is price Trump willing to pay for GreenlandUS president Donald Trump has doubled down on his threats to take control of Greenland, saying on social media that there is “no going back” and that “Greenland is imperative”. During a news conference at the White House, Trump was asked how far he was willing to go to acquire Greenland and replied, “You’ll find out”. Meanwhile, French president Emmanuel Macron warned at a meeting at the World Economic Forum meeting in Switzerland of a “shift towards a world without rules”, while Canadian Prime Minister Mark…
While speaking at the Davos summit on Tuesday, French president Emmanuel Macron drew attention for his stern rebuke of US leader Donald Trump’s threat to tariff eight European countries opposed to his proposed takeover of Greenland. But another aspect of Macron’s speech also made an impression: his choice of eyewear. The French leader wore a striking pair of blue reflective aviator sunglasses indoors while addressing world leaders at the World Economic Forum.While Macron did not explain the reason for the accessory during his speech, French reports have attributed it to an ongoing medical condition.Last week, he appeared at a military…
There could be 20% upside for Reliance Industries’ shares, according to Shrikant Chouhan of Kotak Securities.Sheldon Cooper | Sopa Images | Lightrocket | Getty ImagesIndia’s largest business group, Reliance Industries, has been battling geopolitical headwinds in its oil refining and, reportedly, in one of its new energy ventures. But those are not the oil-to-telecom conglomerate’s biggest worries. The slowdown in its retail business, the group’s third largest vertical, has had analysts reduce earnings estimates and cut stock target price, even as they maintain a buy rating on Reliance shares.Reliance Retail’s revenue grew just 8.1% on year and its earnings before…
Elliott Wood has something you’re probably going to want.Like most of us, every month he gets a bill for his monthly energy use. Only his bill… is free. Image: Bills don’t look any better than this He’s living in a new breed of “zero bills” homes, which comes with solar panels, heat pumps and batteries.Together, that technology generates more electricity than Elliot uses. When combined with the right tariff – in his case a zero bills tariff with Octopus Energy – the excess electricity is sold back to the grid, and his bill comes in at a princely sum of…
A demonstration under the slogans ‘hands off Greenland’ and ‘Greenland for Greenlanders’ takes place in front of the US embassy in Copenhagen, Denmark, on Jan. 17, 2026. Kristian Tuxen Ladegaard Berg | Nurphoto | Getty ImagesGreenland Prime Minister Jens-Frederik Nielsen said late Tuesday the island and its people should be prepared for “everything,” not ruling out a U.S. military action as President Donald Trump doubles down on taking control of the semi-autonomous Arctic island, part of Denmark.Speaking at a news conference, Nielsen said that while the scenario was unlikely, Greenland has to be prepared as “the other side” has not…
Mexico has sought to do more to combat its cartels in an effort to stave off airstrikes threatened by President Trump. Source link
Mount Fuji and the Shinjuku skyline in Tokyo, Japan, on Friday, Feb. 14, 2025. Photographer: Kiyoshi Ota/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesAsia-Pacific markets fell on Wednesday, mirroring overnight losses on Wall Street after President Donald Trump escalated rhetoric over Greenland, threatening fresh tariffs on countries resisting the transfer of the Danish territory to the United States.Hong Kong’s Hang Seng index futures were at 26,341, below the benchmark’s last close of 26,487.51.Japan’s Nikkei 225 lost 1.28%, while the Topix declined 1.09%. South Korea’s Kospi was 1.09% lower while the small-cap Kosdaq fell 2.2%.Australia’s S&P/ASX 200 started the day 0.32%…
Prime Minister Mark Carney got a standing ovation in Davos for starkly describing the end of Pax Americana. He is looking for new allies to help his country survive it. Source link
A senior U.S. official declined to confirm the specific operations in Venezuela, but said a covert team provided real-time support for the military. Source link
The islands, which Britain has agreed to hand over to Mauritius, are home to a strategically important U.S.-British military base. Source link
[The stream is slated to start at 1 p.m. ET. Please refresh the page if you do not see a player above at that time.]President Donald Trump on Tuesday is set to appear at a White House press briefing marking the first anniversary of his second term in office.White House press secretary Karoline Leavitt earlier Tuesday teased that she would be joined at the briefing by a “very special guest.”Subscribe to CNBC on YouTube. Source link
