Karen Gilchrist
London Correspondent at CNBC World
@CNBCi correspondent based in London. Formerly @CNBCMakeIt in Singapore. Views my own. Tips and ideas: [email protected]
Articles
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1 week ago |
cnbc.com | Karen Gilchrist
The rail-mounted crane transports goods at the cargo yard of the Qianwan United Container Terminal of Qingdao Port in Qingdao City, Shandong Province, China. Nurphoto | Getty ImagesBusinesses are finding a workaround to minimize the most significant hit from tariffs, using a decades-old piece of legislation known as the "first sale rule."Within U.S. customs law, the first sale rule allows U.S. importers to use the price of the first sale in a number of transactions to calculate customs duties.
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1 week ago |
flipboard.com | Karen Gilchrist
3 hours agoChengdu, China - March 08, 2025 In the video, a border collie lies on the edge of the table, eager to eat the cake. Before the owner counts to three, saliva drips down. Eventually, it devours the cake. This footage was filmed by Ms. Gao, in Shuangliu, Chengdu, Sichuan, at 12:56, on March 8, 2025.
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2 weeks ago |
cnbc.com | Karen Gilchrist
A Marks & Spencer Group Plc (M&S) store in Kingston-upon-Thames, UK. Bloomberg | Getty ImagesBritish retailer Marks & Spencer said Wednesday that a recent cyberattack, which left food shelves bare and brought online sales to a standstill, will wipe out almost one-third in its annual profits. The company, known for its clothing, homeware and food products, said last month’s cyber attack would cost the business £300 million ($403 million) in operating profit this year.
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2 weeks ago |
cnbc.com | Karen Gilchrist
Novo Nordisk 's ousting of longtime CEO Lars Fruergaard Jørgensen shocked analysts, with many questioning the future of the Wegovy obesity drug maker in its quest to fend off competition. The Danish pharmaceutical giant on Friday said that its chief was stepping down over concerns that the company was losing its market lead, adding that he would remain in situ throughout the search for a replacement.
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2 weeks ago |
cnbc.com | Karen Gilchrist
A shopper passes a jewelry display in the window of a Van Cleef & Arpels luxury goods store, operated by Cie. Richemont SA, on via Montenapoleone in Milan, Italy. Bloomberg | Getty ImagesWith a diamond encrusted ring here and a rare gemstone necklace there, the world's wealthiest are continuing to adorn themselves with the finest jewelry even as broader luxury shoppers pull back. But make no mistake, one mother-of-pearl bracelet is not to be confused with another.
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Cartier owner Richemont posts sales beat as jewelry shines amid luxury malaise https://t.co/tIURGPAJVC
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