Fintech unicorn Zepz to lay off 20% of its global workforce, sources say
London-based fintech Zepz is laying off around 200 IT workers as part of a major redundancy plan, two employees impacted by the move told CNBC.
Financial News
Sam Altman says Musk aims to ‘slow down a competitor’ with his $97.4 billion bid for OpenAI
Elon Musk is leading a group of investors in offering to buy control of OpenAI for $97.4 billion. OpenAI CEO Sam Altman said Musk is aiming to “slow down a competitor.”
Trump to impose 25% tariffs on steel and aluminum — here are the likely winners and losers
Perhaps unsurprisingly, the biggest winner of the trade tariffs is likely to be the U.S.
Tech megacaps plan to spend more than $300 billion in 2025 as AI race intensifies
Meta, Amazon, Alphabet and Microsoft intend to invest as much as $320 billion this year into AI advancement technologies.
Russia’s Baltic neighbors are breaking away from its power grid — and they’re braced for retaliation
The Baltic states of Lithuania, Latvia and Estonia are bracing themselves for possible retaliation as they decouple from Russia’s power grid this weekend.
Tesla car sales in China fall 11.5% as competition intensifies
Competition between Tesla and Chinese domestic rivals is intensifying as the U.S. firm continues to launch incentives to keep its cars attractive.
Shipping giant Maersk’s shares jump 9% on profit beat despite trade uncertainty
“At a time of very high microeconomic uncertainties, we were able to be sufficiently agile,” Maersk CEO Vincent Clerc told CNBC’s “Squawk Box Europe.”
Bank of England to resume rate cuts with outlook complicated by tax hikes and Trump tariffs
Traders have ramped up their bets on the total number of BOE rate cuts in 2025 since January, as Europe diverges from the U.S.
‘Strongman’ leaders of Europe don’t look so strong anymore
“Strongman” leaders in Europe — allied with the likes of President Donald Trump and Russia’s Vladimir Putin — look increasingly weak, analysts say.
Euro zone inflation rises to hotter-than-expected 2.5% in January on energy price hike
Economists polled by Reuters had expected the January inflation print to come in at 2.4%, unchanged from December.