Pinterest shares soar in stock market debut
Shares in the online scrapbook company surge 28% on its first day on the New York Stock Exchange.
What is Huawei?
Huawei is one of China’s most successful global companies. Its technology is used in more than 170 countries and its smartphones rival Samsung and Apple for market share. But its future is under threat as the tech company finds itself in the eye of a geopolitical storm. CNBC’s Tom Chitty explains.
Debenhams boss Bucher steps down
He says it is “time to move on” following the takeover of the struggling retailer by its lenders.
ConocoPhillips sells off UK North Sea assets for £2bn
The oil and gas giant sells its North Sea assets to private equity-based Chrysaor for £2bn.
Retail sales boosted by mild weather in March
Sales grew well ahead of expectations last month, hitting the fastest annual pace since October 2016.
Facebook copied email contacts of 1.5 million users
The social network was grabbing email contacts of some new users for almost three years, it says.
North Korea reportedly rejects Pompeo from nuclear dialogue
North Korea no longer wants U.S. Secretary of State Mike Pompeo involved in nuclear talks, state media said.
Amazon plans to shut online store in China
The partial retreat from China comes as the US tech giant battles tough competition from local rivals.
Amazon is shutting down its China marketplace business. Here’s why it has struggled
Amazon said it will “no longer operate a marketplace on Amazon.cn” and “will no longer be providing seller services on Amazon.cn effective July 18.”
Major banks raise China growth forecasts after surprise GDP numbers — some are still cautious
China’s better-than-expected first quarter GDP growth is spurring economists at Citi, Barclays and ING to raise their growth forecasts for this year, though other analysts are holding off for now.