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An investigation by China of an American clothing retailer has escalated concerns among foreign companies about their dependence on Chinese supply chains and the future of their operations in the country.
This year’s growth forecast for the Asean plus three economies – China and Hong Kong, Japan and South Korea – has weakened from 4.4 per cent to 4.2 per cent, “primarily due to adjustments for China and Vietnam”, according to the Asean+3 Macroeconomic Research Office (Amro).
LONDON — The British pound tumbled more than 1% against the U.S. dollar and euro on Thursday after Bank of England Governor Andrew Bailey suggested more positive inflation data could lead the central bank toward a more aggressive approach to interest rate cuts.
Observers also say the latest incident could be the “tip of the iceberg”, and Hanoi could pivot from its low-key diplomatic approach to its maritime dispute with Beijing if similar incidents were to recur.
This report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.
LONDON — Lower mortgage rates are sparking an uptick in the U.K. housing market, following a surge in the pace of home sales last month, data showed.
OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned. It follows news Wednesday that OpenAI closed its recent funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and big tech companies.
STOCKHOLM (AP) — The Right Livelihood Award was awarded Thursday to three activists from the Palestinian territories, the Philippines and Mozambique and to a U.K. pioneering research agency who “have each made a profound impact on their communities and the global stage.”