The conservative alliance made up by the Christian Democratic Union (CDU) and its sister party the Christian Social Union (CSU) is set to lead Germany again following the federal election on Sunday, bringing an end to a period of political instability that has dogged Berlin for months. The center-right CDU-CSU won 28.6% of votes, with the far-right Alternative for Germany (AfD) coming in second place with 20.8%, while the center-left Social Democratic Party (SPD) came in third with 16.4% of the vote, according to preliminary results from the Federal Returning Officer. The results, which will be confirmed later on Monday, mean the CDU-CSU's candidate Friedrich Merz will likely be confirmed as Germany's next chancellor, taking over from the SPD's Olaf Scholz after his three-party coalition collapsed late last year.
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Europe's troubled luxury sector is showing signs of revival after an upbeat earnings season. But continued weakness in China — and the prospect of U.S. tariffs — could leave even the most exclusive brands vying for share of pocket. "2024 has been one of the worst years for the sector. We believe there will be a sort of normalization going through 2025, particularly in the second half," Simone Ragazzi, senior equity analyst at Algebris Investments, told CNBC via video call last week. Birkin bag maker Hermes posted blowout fourth-quarter sales earlier this month, extending its outperformance at the close of a broadly upbeat earnings season, during which even embattled fashion houses LVMH and Gucci-owner Kering beat quarterly forecasts.
Europe's luxury sector is showing signs of revival — but China weakness and tariff threats loom
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I've tried out ChatGPT a lot since adding it to my repertoire, but my favorite use case so far has been as a tour guide in Italy.
How I turned ChatGPT into my tour guide in Italy
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European food delivery giant Just Eat Takeaway.com is poised to be acquired by Dutch technology investor Prosus in an all-cash deal worth roughly 4.1 billion euros ($4.3 billion). The offer values Just Eat's shares at 20.3 euros each, representing a premium of 63% when compared to the firm's closing price on Friday.
Tech investor Prosus to buy Just Eat Takeaway.com for $4.3 billion
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DeepSeek's breakthrough in artificial intelligence has boosted investor sentiment around China stocks, with a gauge of the country's onshore as well as offshore shares soaring over 26% since its January low. The surge in Chinese equities comes at a time when Indian stocks have been languishing in correction territory, with experts pointing to a rotation away from India into China. "Every time the China market goes up, the India market goes down," said Thio Siew Hua, managing director and head of equities at Lion Global Investors.
DeepSeek has stoked a rotation out of India stocks into Chinese equities — but experts advise caution
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BEIJING — China is trying yet again to boost foreign investment, amid geopolitical tensions and businesses' calls for more concrete actions. On Feb. 19, authorities published a "2025 action plan for stabilizing foreign investment" to make it easier for foreign capital to invest in domestic telecommunication and biotechnology industries, according to a CNBC translation of the Chinese. The document called for clearer standards in government procurement — a major issue for foreign businesses in China — and for the development of a plan to gradually allow foreign investment in the education and culture sectors.
China's latest action plan shows it's trying to boost foreign investment amid geopolitical tensions
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There's a new feature in Google Search that allows you to remove your phone, email and address from the search page.
You can scrub your personal information from Google searches. Here's how to do it
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With the rise of the modern venture capital industry, it seemed as though the idea of creating a technology startup was inextricably tied to an expectation of raising institutional funding. But many founders today are challenging that assumption. The practice of bootstrapping — or using one's own resources to start, grow and scale a business — is not new. Famous companies such as Spanx, Craigslist and GoPro all started in the mid-1990s or early 2000s as ideas that were bootstrapped for years before they took off and became multi-million dollar enterprises. Today, bootstrapping is seeing a new wave of interest among founders, and amid this rise in attention comes a new idea: "seed-strapping."
Startup founders are turning to 'seed-strapping' in a difficult funding environment
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As the president of the National Bureau of Economic Research, MIT economist James Poterba helps determine when a recession officially starts and ends.
This MIT economist helps decide when recessions officially begin and end. Here's why those dates matter
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Air New Zealand provided more details about its previously announced in-flight sleeping pods, including estimated costs and routes.
Air New Zealand's planned in-flight sleeping pods could cost nearly $100 an hour
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