Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
The U.K. prime minister prepares to meet his German and French counterparts this week.Europe Politicsread more
Amazon is raising seller fees for thousands of small and medium-sized businesses in France because of a new digital tax passed by the French government.Technologyread more
U.S. stock index futures point to a higher open on Monday morning as the White House sought to calm investors over growing concerns about the U.S. economy.US Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
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Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
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The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Swedish online payments firm Klarna announced Tuesday that it has reached a $5.5 billion valuation following a $460 million funding round, making it Europe's largest private fintech company.
The Stockholm-based start-up, which provides a 'buy now, pay later' service for shoppers, said it would use the new funds to continue its expansion into the U.S. market. The funding round was led by San Francisco-based Dragoneer Investment Group.
Klarna has taken on incumbents in the retail and payments industries by offering customers the option to pay for purchases in increments over time, without paying interest. The company purchases an order directly from retailers and then invoices customers, so the buyers never pay the merchant directly.
Klarna was founded in 2005 and said Tuesday it is "in sight" of $1 billion in annual revenue. The company, which launched in the U.S. in 2015, said it is growing at a rate of 6 million new American customers per year.
"The uniqueness of Klarna's consumer offering, providing a healthier, simpler and smarter alternative to credit cards, with the addition of multiple services to smoothen the shopping experience, online and offline, is clearly resonating with the US consumer," the company said in a press release Tuesday.
Klarna joins a handful of European fintech start-ups that are expanding into the U.S. market. German online bank N26, which was valued at $3.5 billion last month, recently launched its mobile banking app in the U.S., while British app-only bank Monzo started offering its services to American customers in June.
Klarna announced a partnership with Snoop Dogg earlier this year, which saw the rapper invest in the company and feature in an advertising campaign for it. CEO Sebastian Siemiatkowski recently said he thinks the firm has matured to a level where it could launch an initial public offering.
— CNBC's Ryan Browne contributed to this report