Home / World (page 3)

World

SpaceX value climbs to $180 billion, higher than Boeing, Verizon

SpaceX’s next-generation Starship spacecraft atop its powerful Super Heavy rocket is launched from the company’s Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, on Nov. 18, 2023. Joe Skipper | Reuters The valuation of Elon Musk’s SpaceX hit $180 billion based on an ongoing secondary share sale, CNBC confirmed …

Read More »

Developing nations spent record high on debt in 2022: World Bank

Members of Sri Lanka’s National People’s Power Party shout slogans as they protest against the government’s debt restructuring plan affecting the income of the pension funds, in Colombo on July 31, 2023. Ishara S. Kodikara | AFP | Getty Images Developing countries paid a record $443.5 billion in 2022 to …

Read More »

What the COP28 deal means for the U.S. amid record oil and gas output

U.S. President Joe Biden meets with Cyril Ramaphosa, South Africa’s president, not pictured, in the Oval Office of the White House in Washington, D.C., US, on Friday, Sept. 16, 2022. Bloomberg | Bloomberg | Getty Images A landmark agreement to shift away from fossil fuels thrusts U.S. policy into the …

Read More »

Germany’s Scholz announces 2024 budget plan after debt crisis talks

German Chancellor Olaf Scholz (SPD), Economy and Climate Action Vice Chancellor Robert Habeck (Greens) and Finance Minister Christian Lindner (FDP) listen during the Budgetary debate in the plenary hall of the German Lower house of Parliament or Bundestag on November 28, 2023 in Berlin, Germany. Michele Tantussi | Getty Images …

Read More »

European Central Bank to focus on shrinking its balance sheet

Christine Lagarde, president of the European Central Bank (ECB). Bloomberg | Bloomberg | Getty Images FRANKFURT — The European Central Bank meets this week with investors closely monitoring to see when the Frankfurt institution might start to cut interest rates. It will be too early to declare victory in the …

Read More »

Countries agree to deal at COP28 climate summit

COP28 president Sultan Ahmed Al Jaber speaks during the Transforming Food Systems in the Face of Climate Change event on the sidelines of the COP28 climate summit at Dubai Expo on December 1, 2023. Ludovic Marin | Afp | Getty Images Government ministers representing nearly 200 countries on Wednesday agreed …

Read More »

Samsung and ASML to build an advanced chip plant in South Korea

Dutch manufacturer of chip-making equipment ASML will jointly invest 1 trillion South Korean won ($760 million) with South Korean chipmaker Samsung Electronics to build a plant that develops cutting-edge semiconductor processing technology in South Korea. The announcement came as South Korean President Yoon Suk-yeol is in the Netherlands for a …

Read More »

‘We have a long way to go’ on U.S.-China business relations

In a Tuesday interview with CNBC’s Jim Cramer, U.S. Secretary of Commerce Gina Raimondo said there is a long road ahead to improve the economic relationship between the U.S. and China. She discussed President Joe Biden’s November meeting with Chinese President Xi Jinping, saying the two leaders took a step …

Read More »

See the top 20 list

Paris is, once again, the best city to visit in the world, according to Euromonitor International. The city topped the market research company’s annual list of the “Top 100 City Destinations” which compares cities using 55 metrics across six categories: economic and business performance, tourism performance, tourism infrastructure, tourism policy …

Read More »

OpenAI nonprofit arm $45,000 in 2022 revenue, company worth billions

Sam Altman, CEO of OpenAI, during the Asia-Pacific Economic Cooperation CEO Summit in San Francisco on Nov. 16, 2023. David Paul Morris | Bloomberg | Getty Images OpenAI is valued by private investors at $86 billion, due in part to the popularity of ChatGPT. But if you’re looking for a …

Read More »