Rolls-Royce shares jump 8% after 2023 profits more than double
LONDON — Rolls-Royce shares jumped more than 8% on Thursday after the British aerospace group more than doubled its annual profits in 2023 and forecast further momentum this year.
Elliot Smith in asian news
Africa's largest economy is battling a currency crisis and soaring inflation
With annual inflation nearing 30% and a currency in freefall, Nigeria is facing one of its worst economic crises in years, provoking nationwide outrage and protests.
UK posts record budget surplus in January
LONDON — The U.K. logged a record £16.7 billion ($21.1 billion) net budget surplus in January, according to official figures released on Wednesday.
Magnificent 7 profits now exceed almost every country in the world. Should we be worried?
The so-called "Magnificent 7" now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research.
Labour opposition deals another historic blow to UK PM Rishi Sunak with by-election defeats
LONDON — U.K. Prime Minister Rishi Sunak's ruling Conservative Party suffered another double by-election defeat on Thursday, as the opposition Labour Party's momentum shows no sign of slowing.
Ukraine withdrawing some troops from Avdiivka, sends in elite unit; Zelenskyy heads to Berlin and Paris
This is CNBC's live blog tracking developments on the war in Ukraine.
Jeep, Dodge-maker Stellantis' profit slides as Detroit Three strikes bite
Global auto giant Stellantis on Thursday reported a 10% year-on-year fall in profit in the second half of 2023, as six-week strikes at the so-called Detroit Three automakers hampered production in the group's North American profit epicenter.
Ford facing potential strike of 3,000 UK white-collar workers
LONDON — Ford was warned Wednesday that more than 3,000 white-collar workers across the U.K. could launch industrial action after union members rejected a pay offer from the U.S. automotive giant.