Economy

China will buy more U.S. oil because it is a natural trade partner, says Energy Secretary Wright

China relies heavily on crude oil imports from the Middle East but those supplies are mostly cut off due to Iran's blockade of the Strait of Hormuz.

UAE fast-tracks second pipeline to double exports around Strait of Hormuz

The United Arab Emirates revealed that it was constructing a second pipeline to double its ability to export oil around the Strait of Hormuz.

BFC CEO on how the luxury sector is offsetting global slowdowns

British Fashion Council Chief Executive Laura Weir speaks to CNBC’s Tania Bryer about the launch of its new strategy and how major luxury conglomerates are able to “pivot” between markets. She outlines how the fashion industry is seeing the emergence of new talent in China, and “positive stories” around retail and wholesale trade in the U.S.

How the BFC plans to future-proof British fashion by 2030

British Fashion Council CEO, Laura Weir, tells CNBC’s Tania Bryer about the launch of its new strategy - BFC 2030: Access, Creativity, Growth. She explains how the organization is shifting from “promoting” British fashion to “supporting” it, as the UK luxury and retail sector navigates global economic headwinds, post-Brexit pressures and changing consumer habits.

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UAE to complete second oil pipeline bypassing strait of Hormuz by 2027

State oil company fast-tracks previously undisclosed project, which is expected to double export capacity

UAE fast tracks second West-East oil pipeline to bypass Strait of Hormuz

The second pipeline project comes as global energy supplies remain under pressure and flows through the Strait of Hormuz remain severely limited

Trump-Xi Summit: The 3 Big Takeaways from Historic Meeting in Beijing

The two-day meeting wrapped up Friday, setting the tone for further U.S.-China talks this year.

Defense stocks continue to come under pressure

The iShares U.S. Aerospace & Defense ETF has dropped about 10% since the start of March.

European stocks close lower as inflation fears return; Starmer faces leadership challenge

The pan-European Stoxx 600 index finished Friday's session in negative territory.

Singapore Airlines sticking with Air India for the "long game" despite losses

Air India has been a big drag on SIA's earnings, but the airline says its investment is part of the "long game"

Billionaire Gautam Adani and nephew agree to pay $18 million in SEC settlement over fraud allegations

Indian billionaire Gautam Adani and his nephew Sagar Adani have agreed to settle a U.S. Securities and Exchange Commission lawsuit over allegations they misled investors.