Saudi Arabia and China are part of a multipolar world order, and their mutual interests are 'strong and rising,' minister says
"I don't see our relationship with the U.S., with China as being mutually exclusive," Al-Falih told CNBC.
CNBC Asia
Shares of Manchester United pop 10% after Qatari media suggests takeover bid ‘success'
Qatari media suggested Sheikh Jassim bin Hamad al-Thani was likely to be successful with his takeover bid.
Flush with cash, the Middle East is ramping up investment in soccer as a soft power push
Manchester City's win, heavily backed by UAE money, comes as Saudi Arabia and Qatar look to ramp up their investment in soccer.
Toyota shares surge 5% after announcing plans for next-gen battery EVs
This unit, named BEV Factory, aims to roll out its "next generation battery EVs in 2026"
China cuts key policy rate as post-Covid recovery fizzles; yuan hits 6-month low
The People's Bank of China cut its 7-day reverse repo rate for the first time since August.
Google and OpenAI limit A.I. chatbots in Hong Kong amid China tensions, report says
Google and OpenAI, which has partnered with Microsoft, have restricted access to their powerful artificial intelligence chatbots in Hong Kong.
Nio cuts prices for its cars — and delays business expansion plans
Chinese electric car brand Nio cut prices for its cars by the equivalent of $4,200 and ended free battery swaps for new buyers.
New York City was home to the most billionaires in 2022—here's the full list of global cities
The annual Wealth-X Billionaire Census found that New York City remains home to the most billionaires.
Now Boarding: Airlines are bringing back the jumbo jet (sort of)
On this episode of "Now Boarding," CNBC discusses the rise, fall and recent revival of jumbo jets.
More than 180 years of horse racing in Singapore is coming to an end
The Singapore Turf Club on Monday announced that it will hold its final race on October 2024, closing a 18-year-old chapter on horse racing.
GE nears deal with India's Hindustan Aeronautics to co-manufacture fighter jet engines
The deal is expected to be signed either before or during a visit by Indian Prime Minister Narendra Modi to Washington, D.C., later this month.
Ukraine's dam disaster is 'unlikely' to derail its plans for a counteroffensive against Russia
The Nova Kakhovka dam breach comes amid months of buildup to Ukraine's counteroffensive, a phase of the war that many see as potentially pivotal.
Not a question of money: Soccer legend Lionel Messi chooses Inter Miami in blow to Saudi Arabia
"If it had been a question of money, I would have gone to [Saudi] Arabia or elsewhere where they offered me a lot of money," Messi said.
Twice as many Europeans see Russia as an adversary since the Ukraine war
Twice as many Europeans now see Russia as an adversary as did before the war, yet almost half are unconfident that Ukraine will defeat its opponent.
It’s now cheaper for travelers to go to Bhutan — if they stay long enough
Travelers who visit Bhutan for at least five nights won't have to pay the full amount for the country's daily $200 tourist tax, or Sustainable Development Fee.
New York overtakes Hong Kong as the most expensive city in the world for expats, new survey shows
Nearly all Asian locations surveyed fell in rankings, indicating that expats will find living in Asia "relatively cheaper," said ECA International.
Australia's economy expands 2.3% in the first quarter, slowest growth in 1½ years
Early Wednesday morning, Reserve Bank of Australia Governor Philip Lowe delivered a speech at the Morgan Stanley Australia Summit, reiterating his position that the central bank will seek to navigate a "narrow path."
‘These jobs can be respectable too’: Why youths in China are abandoning white-collar jobs for ‘light labor’
"Since we have accumulated a certain level of GDP and economic foundations … young people want to feel individualism," says one professor.
Australia's central bank hikes rates by 25 basis points, defies expectations
Economists polled by Reuters were widely expecting the central bank to hold its rates steady.
El Nino is approaching and your next cup of coffee could be at risk
Extreme weather conditions due to El Nino are fueling concerns that robusta coffee beans in major producers like Vietnam and Indonesia could be hit.
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