This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. The big story Three young boys eating lollipops joined me on the elevator inside the five-story Yiwu “International Trade Market,” which ships the majority of the world’s Christmas decorations. The kids ran out before…
Eli Lilly Biotechnology Center is shown in San Diego, California, March 1, 2023. Mike Blake | Reuters Eli Lilly on Tuesday said it will spend $5 billion to build a manufacturing facility in Goochland County, Virginia, to boost production capacity for targeted cancer drugs and other treatments — the first in a string of new…
The framework agreement for the social media platform TikTok will include new investors as well as existing investors in the platform’s Chinese parent company ByteDance, sources told CNBC’s David Faber. The deal is expected to close in the next 30 to 45 days, according to the sources, who asked not to be named because the…
U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng pose during U.S.-China trade and economic talks at Santa Cruz Palace, Spain’s main foreign ministry office, in Madrid, Spain, September 14, 2025. United States Treasury | Via Reuters LONDON — European stocks moved lower at the open on Tuesday, as investors assessed developments in…
U.S. and U.K. banners are installed by engineers from The Flag Consultancy in the street outside Windsor Castle on September 12, 2025 in Windsor, England. U.S. President Donald Trump is making an official state visit to the UK from 17 to 19 September. Leon Neal | Getty Images News | Getty Images The pomp and…
Kristy Kim is the CEO and founder of TomoCredit. Courtesy of Kristy Kim In 2011, Kristy Kim thought she was living the American dream. Fresh out of UC Berkeley and starting a career in investment banking in San Francisco, the 22-year-old was eager to find her first apartment, but her rental applications kept getting rejected….
Vibrant neon signs and bright street lights glowing above the busy night traffic of taxis, double decker buses and pedestrians along Nathan Road in the crowded Tsim Sha Tsui district of Kowloon, Hong Kong, China. Fotovoyager | E+ | Getty Images Japan’s benchmark Nikkei 225 surpassed the 45,000 mark for the first time, leading gains…
A Thames Valley Police officer from the Police force’s Specialist Search Unit, accompanied by police dog Jack, carries out security searches outside of Windsor Castle in Windsor, on September 12, 2025, ahead of the State Visit by US President Donald Trump. Jordan Pettitt | Afp | Getty Images The U.S. and U.K are expected to…
Specialist traders work at the post for Swedish fintech Klarna, during the company’s IPO at the New York Stock Exchange in New York City, U.S., Sept. 10, 2025. Brendan McDermid | Reuters After Swedish payments group Klarna’s $17 billion initial public offering, investors are pondering which big fintech name will be the next to go…
A state visit always sends a buzz through the newsroom — and U.S. President Donald Trump’s trip to the U.K. next week looks set to deliver royal, political and business headlines, despite being his second such visit. U.S. President Donald Trump inspected an honour guard during a welcome ceremony at Buckingham Palace in central London…
