Klarna to lay off 10% of its workforce as souring economy hits buy now, pay later space
The Swedish buy now, pay later firm is reportedly looking to raise fresh funding in a round that will reduce its valuation by a third.
CNBC Europe
European Central Bank member Knot says a 50 basis point hike in July is not off the table
European Central Bank member Klaas Knot has refused to rule out a 50 basis point hike for the Frankfurt institution at its upcoming July meeting.
Aviation giant KLM to face legal action in first major challenge to airline industry 'greenwashing'
The greenwashing case against KLM has effectively put the global aviation sector on notice.
British government approves Boehly's £4.25 billion Chelsea takeover
Boehly is co-owner of the LA Dodgers baseball team.
Jeep maker Stellantis to build $2.5 billion EV battery plant in Indiana
Stellantis plans to invest more than $2.5 billion with Samsung SDI to build the automaker's first U.S. electric vehicle battery manufacturing facility.
Soros says civilization may not survive Putin's war in Ukraine, warns of global depression
At his annual dinner amid the World Economic Forum, Soros said the course of history had changed dramatically since the last Davos event.
Palantir CEO weighs in on the Ukraine war: 'The lesson for every big country is holy s---'
Palantir CEO Alex Karp believes that the war between Russia and Ukraine is making big countries re-consider their military strategies.
Former White House press secretary Jen Psaki will join MSNBC this fall
Former White House press secretary Jen Psaki will join MSNBC this fall in time for the 2022 midterm elections, NBCUniversal confirmed.
Uber to expand in Italy through deal with the country's largest taxi dispatcher
The deal will allow 12,000 Italian taxi drivers to accept trips through the Uber app.
Monkeypox outbreak is 'containable,' WHO says as it confirms more cases
The World Health Organization said Tuesday that a recent outbreak of monkeypox cases in non-endemic countries is "containable" even as it continues to confound health experts.
Volkswagen chief says German car giant will overtake Tesla on electric vehicle sales by 2025
Volkswagen's CEO said alleviating supply chain issues would likely help create some momentum for the German auto giant in the coming months.
U.S. firm Clearview A.I. fined for illegally collecting images of Brits' faces
Clearview AI, a New York-headquartered facial recognition company, has been fined £7.5 million ($9.4 million) by a U.K. privacy regulator.
Spain paints itself as the answer to Europe's Russian energy problem
Spain's Pedro Sanchez says his country — and southern Europe more broadly — could provide an answer to the shortfall in gas supplies.
UK confirms plans to change post-Brexit trade rules, risks retaliation from Europe
British Foreign Secretary Liz Truss confirmed on Tuesday that the government intends to introduce legislation to make changes to the Northern Ireland protocol.
Electronics are set to get even more expensive as chip giants hike their prices
Products that rely on semiconductors are set to get even more expensive as chip foundries prepare to increase their prices, according to analysts.
Starbucks will exit Russia after 15 years, closing 130 licensed cafes
Starbucks has 130 locations in Russia, which previously saw McDonald’s, Exxon Mobil and other companies exit because of the Ukraine invasion.
Conflict, politics and history: Why Turkey is standing in the way of Sweden and Finland's NATO bids
The reasons behind Turkey's opposition are complicated, emotional and steeped in decades of often violent history.
Belgium becomes first country to introduce mandatory monkeypox quarantine as global cases rise
Belgium has become the first country to introduce a 21-day quarantine for monkeypox patients as cases spread across the globe.
Russia will shut off gas to Finland starting Saturday, Finnish energy provider says
Gasum, Finland's state-owned gas wholesaler, said in a statement that imports from Russia will be halted on Saturday.
How Davos became a target for conspiracy theorists and anarchists
The event has been sharply criticized in recent years for being out of touch, ineffective and irrelevant.
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