UK inflation comes in hotter than expected, slashing June rate cut bets
The Office for National Statistics released inflation figures for April on Wednesday.
CNBC Europe
'I was too trusting': Ex-Post Office boss apologizes after widespread miscarriage of justice in Britain
Vennells said she was "disappointed ... information wasn't shared," after the Post Office pushed for the wrongful convictions of hundreds of subpostmasters.
Passengers on flight hit by extreme turbulence arrive in Singapore
More than 140 people on the Singapore Airlines flight arrived safely in Singapore Wednesday.
New Covid FLiRT variants spark concerns of a summer spike
New strains of Covid-19 are spreading globally, raising concerns among health professionals about a possible summer spike in cases.
World Economic Forum founder Klaus Schwab to step back from executive role
The World Economic Forum confirmed that founder Klaus Schwab is moving away from the day-to-day management of the organization after more than 50 years at the helm.
World’s first major law for artificial intelligence gets final EU green light
European Union member states on Tuesday agreed upon the world's first major law for regulating artificial intelligence.
Tech giants pledge AI safety commitments — including a ‘kill switch’ if they can’t mitigate risks
Major tech companies, including Microsoft, Amazon, and OpenAI, came together on Tuesday in a landmark international agreement on artificial intelligence safety.
Britain's inflation rate could be about to drop below the Bank of England's 2% target
The headline inflation rate could be 'momentous,' but markets remain divided on the chance of a June cut and services will be the one to watch.
AstraZeneca targets $80 billion in total revenue by 2030 in 'post-Covid era'
Pharmaceutical company AstraZeneca is planning to increase its total revenue by 75% and release 20 new medicines by 2030, including cancer treatments.
WikiLeaks founder Julian Assange can appeal extradition to U.S., UK court rules
WikiLeaks founder Julian Assange has the right to appeal against his extradition to the U.S., a high court in London found Monday.
UK stocks are outperforming the U.S. and one CIO says they look 'very cheap'
The U.K. FTSE 100 is up around 11% over the last three months, while the broader FTSE 250 index is more than 9% higher.
Microsoft's Mistral partnership avoids merger probe by British regulators
Mistral, a French AI firm founded in 2023, won a 15 million euro, or $16 million, investment from Microsoft earlier this year.
Europe must avoid ‘disaster’ of trade decoupling as it eyes China tariffs, EU's economics chief says
"As far as Europe is concerned we need a more mature attitude in our trade," EU economics head Paolo Gentiloni told CNBC.
As Putin and Xi meet, the power dynamics between Russia and China keep the West guessing
Analysts say the relationship is nuanced, deeper than a "marriage of convenience," and complex on a number of fronts.
Slovakia's prime minister in stable but 'very serious' condition after assassination attempt
Slovakia's Prime Minister Robert Fico is expected to survive an assassination attempt following surgery, according to the country's deputy prime minister.
Markets underestimate geopolitical risk as raft of elections looms, ECB's De Guindos says
The European Central Bank's Financial Stability Report said that interest rate expectations have created the "potential for outsized market reactions."
Meta slapped with child safety probe under sweeping EU tech law
Facebook parent company Meta on Thursday was hit with a major investigation from the EU into risks of its platforms to minors.
Gold, silver and platinum's red-hot rally still has further to go, strategists say
Gold, silver and platinum prices have been on a tear so far this year. Strategists say it's not over yet.
Biden's EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.
Automotive and trade experts say the increased tariffs are a near-term protectionism act that may delay but not stop Chinese EVs from coming to the U.S.
Slovak PM Fico in ‘life-threatening’ condition after being shot; EU leaders decry 'brutal attack'
Slovakia's populist prime minister, Robert Fico, on Wednesday was shot multiple times in an assassination attempt that has sent shock waves across the Continent.
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