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Packages on a conveyor belt at an Amazon fulfilment center in Dartford, UK, on Monday, July 7, 2025.Jason Alden | Bloomberg | Getty ImagesAmazon on Tuesday launched a new ultrafast delivery service in the United Arab Emirates that can ferry groceries, cosmetics, electronics and other household items to shoppers in 15 minutes or less.The service is called Amazon Now and includes a range of “everyday essentials,” the company said in a release.Amazon said orders can be placed “24/7” and are shipped out via micro-fulfillment centers, or small-format warehouses, located in UAE neighborhoods. Each site’s product selection is tailored “based on…

China is in talks with Japan and South Korea – both US allies – about a possible trilateral currency swap to bolster the region’s financial safety net and deepen economic cooperation amid US President Donald Trump’s trade war, according to a source familiar with the issue.Pan Gongsheng, governor of the People’s Bank of China (PBOC), touched on the issue with his South Korean and Japanese counterparts, Rhee Chang-yong and Kazuo Ueda, on the sidelines of the IMF-World Bank annual meetings in Washington last week, the source said.“They have been pushing for trilateral cooperation, with talks going on for a while,”…

China is in talks with Japan and South Korea – both US allies – about a possible trilateral currency swap to bolster the region’s financial safety net and deepen economic cooperation amid US President Donald Trump’s trade war, according to a source familiar with the issue.Pan Gongsheng, governor of the People’s Bank of China (PBOC), touched on the issue with his South Korean and Japanese counterparts, Rhee Chang-yong and Kazuo Ueda, on the sidelines of the IMF-World Bank annual meetings in Washington last week, the source said.“They have been pushing for trilateral cooperation, with talks going on for a while,”…

Oil prices rose on Tuesday after falling in the previous session, as traders tried to balance concerns about oversupply in global markets with escalating trade tensions between the United States and China, the world’s two largest oil consumers.   Brent crude futures climbed by 52 cents, or 0.84%, to $61.52 per barrel by 10:19 GMT. US West Texas Intermediate (WTI) crude for November delivery — due to expire on Tuesday — rose by 53 cents, or 0.9%, to $58.05, while the more active December contract gained 52 cents, or 0.9%, to $57.54 per barrel.   Prices had fallen on Monday…

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. Stocks were mixed Tuesday, coming off a strong rally in the prior session. Jim Cramer continued to monitor Treasury yields, which keep creeping lower. The 10-year Treasury was below 4%, which is “fantastic” for stocks, Jim noted. A major portfolio mover Tuesday was Danaher . Shares jumped 7.5% after the life sciences firm delivered strong finanicals. We’re pleased to see progress since Danaher has been a struggling stock in the portfolio. But there is…

PARIS (AP) — The glittering sapphires, emeralds, and diamonds that once adorned France’s royals could well be gone forever, experts said Tuesday after a brazen, four-minute heist in broad daylight left the nation stunned and the government struggling to explain a new debacle at the Louvre.Each stolen piece — an emerald necklace and earrings, two crowns, two brooches, a sapphire necklace and a single earring — represents the pinnacle of 19th century “haute joaillerie,” or fine jewelry. But for the royals, they were more than decoration. The pieces were political statements of France’s wealth, power and cultural import. And they…

Three women who took part in a walk to Singapore’s presidential estate to deliver letters calling for changes to the country’s stance on Israel have been acquitted of holding a public procession without a permit.Legal observers say the ruling, which has drawn interest given the city state’s strict regulation of public assemblies, reflects the evidentiary thresholds under its public-order laws and is consistent with court precedent.District Judge John Ng ruled on Tuesday that the defendants had “an honest and reasonable belief” they were not violating regulations, and noted there was no signage indicating the route was part of a restricted…

Chinese scientists have created a superfast analogue chip that can solve complex maths problems for advanced scientific tasks and artificial intelligence (AI) while using less power than conventional computing, according to a paper published this month.The analogue device designed by researchers from Peking University uses memory chips made of resistive materials. With future improvements, it could perform calculations at a processing rate 1,000 times faster than top digital processors, such as the Nvidia H100 graphics processing unit (GPU), according to the team.“Precision has long been the central bottleneck of analogue computing,” the researchers said in a paper published in the…

CNBC’s Jim Cramer cheered Tuesday’s market action, as shares of old-economy stalwarts like General Motors , GE Aerospace and Coca-Cola climbed on earnings and speculative stocks hit a wall of selling. “I love this market,” Cramer said on “Squawk on the Street,” shortly before Tuesday’s opening bell. For weeks, the former hedge fund manager who currently runs the CNBC Investing Club has expressed alarm over what he believes is excess speculation in the stocks of money-losing companies. He’s urged investors sitting on big wins in companies in industries like nuclear power and quantum computing to lock in profits. He hasn’t…

The US dollar rose against most major currencies during Tuesday’s trading, while the Japanese yen fell to a six-day low following the election of hardline conservative Sanae Takaichi as Japan’s first female prime minister. Traders are betting that her government could bring policy uncertainty and increased fiscal spending.   Takaichi, leader of the ruling Liberal Democratic Party, won Tuesday’s parliamentary vote to select the new prime minister — a development widely anticipated by investors after she secured support from the right-wing opposition party Ishin.   The yen fell 0.25% to ¥151.35 per dollar after touching ¥151.61, its weakest level since…