Olaf Scholz, the German chancellor, said Europe “faces the threat of war” and told Russia an invasion of Ukraine would be a “grave mistake”, amid warnings that an attack on the country could come in a matter of days. Speaking at the Munich Security Conference on Saturday, he said the risk of war was still
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Novavax said its protein-based Covid-19 vaccine will be a strong competitor to the BioNTech/Pfizer and Moderna jabs despite its late arrival because of public concerns over the safety of its rivals’ messenger RNA technology. But the US biotech, which began shipping its vaccine to Europe and Asia in January following months of long delays because
Although the U.S. Bureau of Labor Statistics showed the unemployment rate hitting 3.9% in December 2021, the lowest it has been since January 2001, the COVID-19 pandemic is surging with the advent of the new omicron variant, and many Americans remain jobless. A good number of those are by choice, with 4.2 million people quitting
In this article SPCE Virgin Galactic leaders in front of the New York Stock Exchange, from left: CEO George Whitesides, founder Richard Branson and Chairman Chamath Palihapitiya. Virgin Galactic Virgin Galactic announced Friday that Chairman Chamath Palihapitiya is stepping down from the space-tourism company’s board of directors, effective immediately. Palihapitiya’s SPAC, or special purpose acquisition
China will deliver 25 J-10C fighter jets to Pakistan within weeks as part of a deal that will bolster Islamabad’s military capabilities against mutual rival India. Beijing’s first export of the advanced jets marks a big step-up in its decades-old arms relationship with Islamabad and entails providing its ally with some of the latest equipment
Joe Biden said he was convinced Russian president Vladimir Putin had made a decision to invade Ukraine, issuing his starkest warning yet amid mounting signs Moscow was creating a pretext for military action. Speaking at the White House after a call with transatlantic leaders over what the US president described as a “rapidly escalating crisis”,
In January 2022, sales of existing homes rose to a seasonally adjusted annual rate (SAAR) of 6.5 million, per data from the National Association of Realtors (NAR) released on Feb. 18, 2022. This was an increase of 6.7% from December 2021, and sales were up in all U.S. regions. The inventory of unsold existing homes
A SpaceX Falcon 9 rocket and Dragon spacecraft ahead of the Inspiration4 mission in Merritt Island, Florida, U.S., on Wednesday, Sept. 15, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images Elon Musk’s SpaceX is splitting the value of its common stock 10-for-1, CNBC has learned, with the company’s valuation having soared to more than
The Federal Reserve has unanimously adopted new rules that severely restrict the trading activity of its top officials and senior staff, in an effort to move past one of the worst reputational crises in recent history. First announced in October, the rules bar Fed leadership from buying individual shares and other investments and limit transactions
Europe faces a moment of great peril. Hopes earlier this week that Vladimir Putin was backing away from a potential invasion of Ukraine quickly faded. After Moscow announced some of the troops it had amassed around its neighbour would return to base, satellite images showed the opposite. Russia’s president repeated baseless claims of “genocide” against
When selecting a security for investment, traders look at its historical volatility to help determine the relative risk of a potential trade. Numerous metrics measure volatility in differing contexts, and each trader has their favorites. A firm understanding of the concept of volatility and how it is determined is essential to successful investing. The most
Russia will start nuclear exercises to test its ballistic and cruise missiles on Saturday as western powers continued to warn that the Kremlin is contemplating an imminent invasion of Ukraine. Russia’s defence ministry said on Friday that its air force, southern military district, strategic missile forces and northern and Black Sea fleets would take part
A taste of kaya, the Malaysian jam made from coconut, eggs and caramel, may change your breakfast habits forever. It originated among the Hainanese community of the Malay peninsula, who tweaked the traditional coconut jams found elsewhere around Asia. In traditional Hainanese cafes (kopitiams), still found all over Singapore and Malaysia, it is smeared on
If you are buying or selling a car, one of the most important steps is transferring the car’s title. That document is the legal proof of who actually owns the car, so it’s important to have and to keep in a safe place. Whether you’re the buyer or seller, here’s what you need to know
The semiconductor industry has long struggled with a notorious cycle of booms and nasty downturns. Now though, the industry is confident of beating the patterns of the past to extend what is an extraordinary run for the sector. The industry, which reported a 26.2 per cent jump in sales to an all-time high of $555.9bn
Circle, the firm behind the stablecoin USDC, has doubled its valuation to $9 billion following a new deal with blank-check company Concord Acquisition Corp. The two companies first revealed their plans to merge in July, in a deal that at the time valued Circle at just $4.5 billion. They have now updated the terms of
The conflict between preserving Hong Kong’s status as a leading financial centre and Xi Jinping’s insistence on a nationwide “zero Covid” strategy has been starkly illustrated this week, as the Chinese president instructed the territory’s government to rein in China’s worst outbreak in more than two years at any cost. During a week in which
Homeownership is saddled with a lot of financial terms that may end up sounding like another language to the average person. Sign on the dotted line of a fixed-rate or adjustable-rate mortgage, and you’re immediately responsible for paying back its principal by the end of its 15- or 30-year term—all while keeping its annual percentage
A Blue Origin New Shepard rocket lifts off with a crew of six, including Laura Shepard Churchley, the daughter of the first American in space Alan Shepard, for whom the spacecraft is named, from Launch Site One in west Texas, U.S. December 11, 2021. Joe Skipper | Reuters WASHINGTON – Jeff Bezos’ space company Blue
Goldman Sachs on Thursday lifted a key profitability target as the Wall Street investment bank redoubles efforts to close the valuation gap that has opened up with rival banks. Bridging the gap in Goldman’s stock price relative to rivals such as Morgan Stanley is one of the central challenges for David Solomon, the bank’s chief
Walmart eked out unexpectedly better sales in its holiday quarter and delivered an upbeat outlook, as the retailer known for price “rollbacks” navigated shipping logjams and surging inflation. The Arkansas-based retailer predicted net sales for the current financial year will rise “about” 3 per cent in constant currency measures, the company said on Thursday, ahead
Vanguard funds, including exchange-traded funds (ETFs) and mutual funds, allow investors to obtain exposure to equity and bond markets at reasonable costs with highly competitive expense ratios in the fund industry. Vanguard funds typically come with no load fees, and many are available free of transaction fees through numerous investment broker platforms. The Morningstar rating
French luxury group Kering has delivered strong fourth-quarter sales at its Gucci brand, a significant profit driver, as 100th anniversary events and a new collection attracted shoppers, showing how the sector is prospering despite the pandemic. The group’s shares rose 7 per cent in morning trading in Paris on Thursday, making it the biggest gainer
France will vote over two rounds in April on whether to give President Emmanuel Macron a second five-year term or entrust a different candidate with the presidency in an unpredictable election that could mark a shift to the right in French politics. The first round of voting, which includes all candidates who get enough signatures
In March 2020, right before Americans faced widespread layoffs from the COVID-19 pandemic, 95% of people filing for unemployment benefits received their first payment within 14 days. The percentage hit a low of 45% in June 2020. While the recovery has been rocky, the number was back to 70% in April 2021. Still, that leaves
In this article ABNB RBLX Many companies appear to be ill-equipped to thrive in a post-Covid world, CNBC’s Jim Cramer said Wednesday. “I have not seen a lot of companies who are prepared for post-pandemic. I’ve seen a lot of companies that were kind of banking on a little more pandemic,” Cramer said. The “Mad
Ministers must urgently ensure that the postmasters who won their legal battle against the state-owned Post Office and exposed “the worst miscarriage of justice” in recent British history were fully compensated, a parliamentary committee has demanded. MPs on the House of Commons business, energy and industrial strategy committee in a report published on Thursday said
The White House has called the Kremlin’s claims that it is withdrawing forces from the Ukrainian border “false” and accused Russia of increasing its troop presence in the region by about 7,000 troops in recent days. “Yesterday, the Russian government said it was withdrawing troops from the border of Ukraine . . . we now know it was false,”
Giving stock instead of cash as a donation can greatly benefit the donor as well as the recipient. You will find that many charities, hospitals, schools, donor-advised funds, and other nonprofit organizations will accept stock as a gift. Key Takeaways Many non-profits, such as hospitals, schools, and various other organizations, will accept stock as a
Children aged five to 11 in England are to be offered a Covid-19 vaccine, but not until April, the government announced on Wednesday. Unveiling the plan, health secretary Sajid Javid made clear that Covid vaccination for adults, and young people whose health is vulnerable, was the priority, alongside immunisation programmes against childhood diseases. Javid’s decision,
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