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HomeWorld NewsCNBC World News

CNBC World News

China looks past Covid as tourist bookings for the Lunar New Year soar

BEIJING — People in China move past the pandemic and travel, preliminary data for the Lunar New Year holiday show."The pent-up demand is being released as many people rush to scenic spots, watch fireworks displays, and barge into restaurants and hotels," Ting Lu,...

Intel shares fall on weak quarterly results and expectations for another quarter of losses

Pat Gelsinger, CEO of Intel Corporation, testifies at the Senate Commerce, Science, and Transportation hearing on semiconductors titled Developing Next Generation Technology for Innovation, at the Russell Senate Office Building on Wednesday, March 23, 2022.Tom Williams | CQ Roll Call, Inc. ...

Toyota CEO and president Akio Toyoda resign

Akio Toyoda, president and CEO of Toyota Motor Corp.Kiyoshi Ota | Bloomberg | Getty ImagesToyota engineAkio Toyoda's president and chief executive will step down on April 1 and will be succeeded by current Chief Branding Officer Koji Sato, the Japanese automaker...

US GDP rose 2.9% in the fourth quarter, more than expected, even as recession fears loom

The US economy ended 2022 in solid shape, even as questions remain whether growth will turn negative in the coming year.Fourth-quarter gross domestic product, the sum of all goods and services produced from October to December, rose 2.9% year-over-year, the U.S. Commerce Department...

Smartphone shipments drop to a low not seen since 2013: their biggest drop ever

According to IDC, Apple maintained its position as the world's largest smartphone maker through Q4 2022 shipments. However, iPhone shipments fell 14.9% year-over-year.Stanislav Kogiku | SOPA Images | Rocket | Getty ImagesAccording to market research firm IDC, global smartphone shipments...

South Korea’s economy contracted for the first time in two years, but growth is expected from China’s reopening

A customer looks at a pack of fried mix in a supermarket in Seoul on May 14, 2020.Seong Joon Cho | Bloomberg | Getty ImagesSouth Korea's economy experienced its first quarterly contraction since the second quarter of 2020, according to preliminary...