Google Pixel 6 and Pixel 6 Pro announced starting at $599, ships Oct. 28

Google Pixel 6 and Pixel 6 Pro announced starting at $599, ships Oct. 28

Google Pixel 6 and Pixel 6 Pro phones Google Google on Tuesday unveiled the full details of its new Pixel 6 and Pixel 6 Pro phones, the first to run on its Google Tensor chip instead of Qualcomm’s processor. Google Tensor was announced in August. Google’s Android operating system runs on more than 3 billion devices around the world, but the company’s phones have failed to gain a sizeable market share. There are a few reasons for that, but the main one seems to be that people don’t know they exist or why they should buy a Google phone instead...

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FBI raids home of Russian oligarch and Putin associate Oleg Deripaska

FBI raids home of Russian oligarch and Putin associate Oleg Deripaska

Russian tycoon Oleg Deripaska speaks to media in front of the office of Gorkovsky Automobile Plant (GAZ) in Nizhny Novgorod, Russia April 16, 2019. Maxim Shemetov | Reuters FBI agents are at the home of Russian tycoon Oleg Deripaska, the agency confirmed Tuesday. The agents are conducting ”court-authorized law enforcement activity” at Deripaska’s home in Washington, D.C., an FBI spokeswoman told CNBC. The spokeswoman did not provide additional details about the FBI presence. Multiple agents were seen restricting access to the property, according to NBC News, which first reported the raid. An FBI agent stands watch as the U.S. law...

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First bitcoin futures ETF rises 3% in trading debut on the NYSE

First bitcoin futures ETF rises 3% in trading debut on the NYSE

Shares of the first U.S. bitcoin-linked exchange-traded fund rose slightly in their trading debut on Tuesday. The ProShares Bitcoin Strategy ETF, ticker ’BITO,’ jumped about 3% when trading began and last traded 0.6% higher at $40.26. The fund tracks CME bitcoin futures, or contracts speculating on the future price of bitcoin, rather than the crypto itself. That means investors in the ETF should expect the price and performance of the shares to differ somewhat from the price of bitcoin itself. This isn’t ideal for existing investors; many of them take a long view on cryptocurrencies and had hoped for an...

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Companies putting shareholders above future of humanity: ex-CEO

Companies putting shareholders above future of humanity: ex-CEO

The former CEO of consumer goods giant Unilever has taken a swipe at firms who prioritize short-term goals over longer term ones rooted in sustainability. Paul Polman has castigated some companies who proclaim ”they are the second coming” while simultaneously slowing efforts down. Speaking at CNBC’s Sustainable Future Forum on Monday, Polman — who is the co-founder and co-chair of the social venture Imagine — said there were many companies in the U.S. who were ”making major commitments to be net zero and to decarbonize their whole value chain that have been applauded.”   But some of them, Polman claimed,...

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The UK’s Covid infection rate is rising. Here’s why

The UK’s Covid infection rate is rising. Here’s why

Two fans of Manchester City soccer club stand out for wearing face masks during the Premier League match between Manchester City and Burnley on October 16, 2021. Robbie Jay Barratt – AMA | Getty Images Sport | Getty Images LONDON — When the Covid-19 pandemic swept the globe in 2020, the U.K. was hit hard, reporting some of the highest cases numbers and fatalities in Europe. A speedy vaccination program managed to turn things around, however, and brought cases under control. Now the situation looks dramatically different. The country is recording close to 50,000 new Covid cases a day —...

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Peter Thiel’s luxury New Zealand lodge opposed by environmental group

Peter Thiel’s luxury New Zealand lodge opposed by environmental group

Billionaire Peter Thiel, PayPal co-founder and chairman of Palantir Technologies, during a news conference in Tokyo, Japan, on Nov. 18, 2019. Kiyoshi Ota/Bloomberg via Getty Images Peter Thiel’s proposed luxury lodge on New Zealand’s South Island has been criticized by a local environmental group who believe it is ”inappropriate” for the natural landscape. The PayPal and Palantir co-founder, who profited from an early investment in Facebook, wants to build the lodge and a private residential building on a 193-hectare (477-acre) estate that he owns on the shores of Lake Wanaka, near Queenstown. Thiel bought the estate in 2015 for a...

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IMF downgrades 2021 growth forecast for Asia on Covid concerns

IMF downgrades 2021 growth forecast for Asia on Covid concerns

The International Monetary Fund’s logo at its headquarters in Washington, D.C. Thomas Trutschel | Photothek | Getty Images The International Monetary Fund on Tuesday downgraded its 2021 economic growth forecast for Asia after the highly infectious Covid-19 delta variant caused a spike in cases in parts of the region.   IMF said that it expects Asia’s economy to grow by 6.5% in 2021, compared with its April forecast for a 7.6% expansion. ”The global COVID-19 pandemic is still ravaging the region,” the Fund said in its Regional Economic Outlook report for Asia and the Pacific. Asian countries were relatively successful...

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HSBC, Stanchart banks can sell investment products in Greater Bay Area

HSBC, Stanchart banks can sell investment products in Greater Bay Area

The HSBC Holdings Plc building, left, and the Standard Chartered Plc building stand in Hong Kong, China, on Thursday, June 4, 2020. Roy Liu | Bloomberg | Getty Images HSBC and Standard Chartered Bank are among more than a dozen lenders that can start selling investment products from Tuesday, under a new cross-border investment scheme that connects capital markets in the Greater Bay Area. It comes as China continues to reform the mainland’s capital markets and raise their accessibility to international investors. The Hong Kong Monetary Authority has approved 19 Hong Kong lenders under the Wealth Management Connect Scheme (WMC),...

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Afghanistan economy could shrink up to 30% post-Taliban takeover: IMF

Afghanistan economy could shrink up to 30% post-Taliban takeover: IMF

Afghanistan’s gross domestic product could see a contraction of up to 30% following the Taliban takeover, the IMF said in its latest regional economic report. Jihad Azour, director of the IMF’s Middle East and Central Asia department, said the country’s situation was deteriorating, even before Kabul fell. ”They were facing more than one shock — drought, Covid,” he told CNBC’s Hadley Gamble. ”Therefore, what we foresee and fear is a sharp contraction.” The report also noted that non-humanitarian aid has been halted, foreign assets mostly frozen and Afghan banks have been crippled by cash shortages after the Taliban returned to power....

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EU and Poland clash over funding and the rule of law

EU and Poland clash over funding and the rule of law

Demonstrators hold bound flags of the European Union and Poland during the demonstration. SOPA Images | LightRocket | Getty Images EU and Polish officials on Tuesday clashed over a recent court ruling, making public a bitter disagreement over the rule of law and the fundamental principles of the political and economic union. Earlier this month, Poland’s highest court ruled that parts of EU law are in direct conflict with its own constitution — in essence challenging the foundations of the EU in a way that has never been done before. This comes at a time when the EU, as a...

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