Travel writers make a career out of helping tourists navigate unfamiliar places. Still, even the most savvy traveler is prone to making the occasional faux pas while on vacation. Here, CNBC’s travel contributors share the biggest mistakes they see visitors make in the cities they call home. Strolling through Singapore “Attempting to stroll around Singapore […] Read more
The closure of Hong Kong pro-democracy newspaper Apple Daily is a sign that press freedom is under threat in the semi-autonomous region, according to a representative of the Hong Kong Journalists Association. “The threat is clear, very clear that we have to learn lessons from Apple Daily,” Ronson Chan, chairperson of the Hong Kong Journalists Association, told […] Read more
Embattled Hong Kong pro-democracy newspaper Apple Daily said Wednesday it will cease operations from midnight — just hours after police arrested another employee for allegedly breaching a controversial national security law. The pressure on Apple Daily leading up to its closure has raised concerns over press freedom in Hong Kong — a semi-autonomous region under Chinese rule. […] Read more
Morgan Stanley says some Chinese stocks could be winners if U.S.-China relations improve. In one of its portfolios, the investment bank listed 30 Chinese companies that depend on the U.S. market for a major chunk of their revenue. And they have a track record: The stocks outperform the MSCI China index by an average of […] Read more
Tesla CEO Elon Musk on Sunday said the company will resume bitcoin transactions once it confirms there is reasonable clean energy usage by miners. “When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing bitcoin transactions.” Musk was reacting to comments from Magda Wierzycka, CEO of South African asset manager […] Read more
Chinese ride-hailing giant Didi Chuxing on Thursday filed to go public in what could be one of the largest tech IPOs of this year, positioning large shareholders Uber and SoftBank for a win. The company reported $21.6 billion in revenue last year. It also posted a profit this past quarter on $6.4 billion in revenue. Specifically, the […] Read more
Ferrari has appointed electronics pioneer Benedetto Vigna as chief executive as the company gears up for the age of electric vehicles. Vigna will join Ferrari on Sept. 1 from semiconductor firm STMicroelectronics, where he is head of its sensors group. The Italian sportscar maker announced the appointment in a statement Wednesday. Former CEO Louis Camilleri stepped down for personal […] Read more
Even with headwinds from the Fed and inflation, a booming economy and strong earnings should send the market to a series of new highs this summer. The S&P 500 was lower Monday as the market meanders ahead of next week’s Fed meeting. The S&P 500 was slightly less than 20 points below the May 7 high […] Read more
India will provide free COVID-19 vaccines to all adults, Prime Minister Narendra Modi said on Monday, in an effort to rein in a pandemic that has killed hundreds of thousands and led to the world’s second-highest tally of infections. Modi’s announcement on national television came after weeks of criticism of a bungled vaccine rollout that has covered fewer than […] Read more
Hong Kong senior executives of financial companies and their overseas affiliates who are fully vaccinated can now apply for an exemption from the three-week compulsory quarantine, the markets watchdog said. A maximum of two senior executives per each financial company licensed by the city’s Securities and Futures Commission (SFC) and two of their overseas affiliates […] Read more
