Alibaba is ramping up in Europe, and is already ahead of Amazon in one region
Alibaba is investing heavily into Europe for Singles Day this year, as the Chinese tech giant competes with Amazon for the EU’s exploding e-commerce market.
Financial News
Are high energy prices here to stay? Analysts weigh in on the global gas crisis
The liquefied natural gas (LNG) terminal at the Yangshan Deepwater Port in Shanghai, China, on Saturday, Oct. 9, 2021. Qilai Shen | Bloomberg | Getty Images Winter hasn’t even arrived, …
Deutsche Bank posts fifth straight quarter of profit despite slide in trading revenue
VIDEO 5:29 05:29 Third quarter brought strong momentum, Deutsche Bank CFO says Squawk Box Europe Deutsche Bank reported a fall in revenues at its investment banking unit on Wednesday, but …
Wealth management boom helps UBS report $2.3 billion profit, beating estimates
VIDEO 3:59 03:59 We see continuing momentum and expect to add more clients, UBS CEO says Squawk Box Europe UBS has beaten analyst expectations in the third quarter as its …
China is pushing to develop its own chips — but the country can’t do without foreign tech
China’s reliance on foreign firms in the semiconductor supply chain could make domestic giants vulnerable to geopolitical issues as was the case with Huawei.
Twitter and Square CEO Jack Dorsey says ‘hyperinflation’ will happen soon in the U.S. and the world
Key Points Twitter co-founder and crypto advocate Jack Dorsey weighed in Friday on escalating inflation in the U.S., saying things are going to get considerably worse. “It will happen in …
U.S. officials keep close watch on the ‘delta plus’ Covid mutation as it spreads in the U.K.
The AY.4.2 subvariant has been detected in at least five cases in the U.S.: in Washington, D.C., California, North Carolina, Washington state and Massachusetts.
China Evergrande set to avert default as property developer reportedly pays off bond interest
Evergrande has remitted the funds for a key interest payment that was due Sept. 23.
China Evergrande shares briefly plunge more than 10%, after $2.6 billion asset sale falls through
China Evergrande shares briefly fell more than 10% Thursday after a deal fell through to sell part of its services unit to Hopson Development Holdings.
Panic ordering by retailers is making the supply chain crisis ‘even worse’
Retailers and manufacturers are overordering or placing orders too early as they panic over the supply chain crisis, and that’s not helping, experts told CNBC.