Britain's house prices are slumping as mortgage rates soar — and there could be worse to come
U.K. house prices fell at their fastest annual pace in 12 years in June as still escalating mortgage costs piled further pressure on the property market.
CNBC Europe
'We would not stand idly by': Lagarde pledges ECB action if both profits and wages rise
There are concerns that some companies are increasing their prices more than is needed to compensate for higher costs, thereby boosting their profit margins.
Volkswagen will start testing self-driving cars in Austin as it moves on from Argo AI
Volkswagen will deploy about 10 of its ID Buzz electric vans equipped with autonomous-driving systems developed with Mobileye by the end of 2023.
Elon Musk praises China's 'very strong' A.I. credentials
There's a heightened interest in AI and its potentially transformative effects on society.
JPMorgan warns UK could see 'hard landing,' says interest rates could hit 7%
JPMorgan expects U.K. interest rates to peak at 5.75%, but cautions that they could go higher "under some scenarios," hitting as much as 7%.
Qatar Airways reports record revenues, bolstered by FIFA World Cup
Qatar Airways announced record annual revenue Thursday after the company's finances were bolstered by the FIFA World Cup.
‘Life is like it is’: TotalEnergies CEO defends strategy despite calls to cut fossil fuel production
The comments by TotalEnergies CEO Patrick Pouyanne come after French riot police fired tear gas at climate activists trying to prevent the firm's AGM.
Turkey's inflation rate cools despite steep lira plunge
Last October saw Turkey's inflation rate soar to 85%. The Turkish lira was last trading at 26.09 against the dollar.
Iceland is the No. 1 most peaceful country in the world
The Institute for Economics and Peace 2023 Global Peace Index found that Iceland is the safest country in the world.
Britain is now the only major economy where inflation is still rising
Inflation ticked lower in the U.S. Canada, France, Germany, Italy and Japan, the OECD said. Britain, however, was found to be an outlier.
There's a lot of talk about hydrogen's potential. But transportation costs represent a big challenge
"The industry knows how to transport hydrogen ... it's not new, it's just expensive," says Murray Douglas, head of hydrogen research at Wood Mackenzie.
Dodge Durango, Jeep SUVs push Stellantis second-quarter sales up 6.4%
Stellantis' sales uptick is expected to be among the lowest of the quarter, according to auto analysts who project industry sales to have increased 16% to 18%.
Scotland's iconic Orkney Islands considering quitting Britain to become part of Norway
Scotland's iconic Orkney Islands archipelago is looking at ways it might split off from the U.K. and potentially become a self-governing territory of Norway.
3 U.S. cities where it's cheaper to buy a home than to rent one—none are in Florida
A recent Redfin report ranked the cities where it's still cheaper to buy a home than rent.
What next for Wagner? Russia’s Putin battles to regain control after short-lived revolt
The Wagner rebellion has left many observers of Russia's war in Ukraine asking what next for the group's future, both in Europe and across the globe.
A shipping emissions showdown stands in the way of one of the biggest climate deals of the decade
The U.N.'s International Maritime Organization is expected to update its current shipping emissions target, but many are concerned about the pace of the cuts.
Sweden’s krona hits new record low as central bank hikes and plays down currency intervention
The policy rate now sits at 3.75% and the figure is in line with forecasts made by analysts polled by Reuters.
Google is having productive talks with the EU on A.I. regulation, cloud boss says
Google has held "productive" talks with EU regulators about bringing in regulations for artificial intelligence, the company's head of cloud told CNBC.
Bank of England governor defies critics, says surprise rate hike was 'justified' to tame inflation
Bank of England Governor Andrew Bailey said Wednesday that the bank was "justified" in its decision to raise interest rates by a surprise 50 basis points.
Just Stop Oil protesters halt second Ashes Test at Lord's | England's Jonny Bairstow carries one protester off
Two men from the Just Stop Oil campaign disrupted the second Ashes test match at Lords, releasing orange powder before being tackled by security staff.
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