Following Russia's invasion of Ukraine, and resultant sanctions on President Putin's oligarch elite, a spotlight has been firmly cast on the British capital and its complicity as a store for dirty money. Now, the British government is seeking to salvage its reputation with a clampdown on corruption. But will it be successful? And just how will London fare without its fix of forbidden finance? #CNBC #Russia #London #Ukraine ----- Subscribe: http://cnb.cx/2wuoARM CNBC International TV: https://cnb.cx/2NGytpz Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Twitter: https://twitter.com/CNBCi

Chinese e-commerce company Shein took the top spot as the most downloaded app in the United States in May, according to a report from intelligence firm Marketplace Pulse. The fashion giant outperformed TikTok and Instagram on the Apple App store and was far ahead of Amazon. Since 2015, Shein has become a leader in its industry, initiating a new era of fashion experts call “real-time retail.” “What Shein has done is, it has established a new norm, which is real time,” Allison Malmsten of Daxue Consulting told CNBC in an interview. “It is very fast, and the products are updated much more frequently and at a higher volume than any other fast fashion brand.” But its name has also been marred by trademark infringement allegations and questions about the sustainability of its manufacturing process — controversies some experts say could threaten the startup’s investment prospects. “If it wants to IPO and if it wants to gather investments, then it really has to come clear and people really need to have peace of mind about what is happening at the company,” Malmsten said. Watch the video above to learn more about Shein’s rise, successes and challenges. ----- Subscribe: http://cnb.cx/2wuoARM CNBC International TV: https://cnb.cx/2NGytpz Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Twitter: https://twitter.com/CNBCi try on haul boohoo haul zara haul zaful haul

Technology is part of our everyday lives and necessary for most societies to function. This increasing dependency has led to massive growth in the tech sector and, with it, a proliferation of high paying jobs. Following the industry’s recent struggles, those exorbitant salaries are now being scrutinized like never before. “What has happened in the last three to four years is the pay for the other non-Big Tech companies have gone up, and many of the startups are really upset because they can’t burn cash at those rates,” Ben Leong, a professor of computer science at the National University of Singapore, told CNBC. “The Big Tech companies will continue to pay what they used to pay – they always pay a lot,” he added. “I suspect the growth in the median pay will either stagnate or may even drop a little bit.” So, is the bubble bursting for tech workers? Watch the video above to find out more. #CNBC #Tech #TechJobs #LayOffs #FAANG #BigTech ----- Subscribe: http://cnb.cx/2wuoARM CNBC International TV: https://cnb.cx/2NGytpz Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Twitter: https://twitter.com/CNBCi

As many countries across the globe battle sky-high inflation, Switzerland’s economy is seeing something far less dramatic. Inflation in Switzerland hit a 29-year high of 3.5% in 2022. While high by Swiss standards, that figure is well below the double-digit inflation of comparable economies including the United States (9.1%), United Kingdom (11.1%) and euro zone (10.6%). On top of that, economists say it’s easing. “It’s coming down a little bit,” Tobias Straumann, professor of modern and economic history at the University of Zurich, told CNBC. So, what is it about the Swiss economy that’s allowed it to largely sidestep inflation, and what can other countries learn from it? Watch the video to find out. https://cnb.cx/41qXuXw #CNBC #Inflation #Switzerland #Economy ----- Subscribe: http://cnb.cx/2wuoARM CNBC International TV: https://cnb.cx/2NGytpz Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Twitter: https://twitter.com/CNBCi

You may have heard about "quiet quitting" this summer. The term, which means doing what's required at work and no more, went viral on the TikTok app after a New York software engineer posted a video on the trend. Yet the rejection of hustle culture started in China long before it was popularized in the West. "I talk with my friends, and they often use that term like 'tang ping,' I really want to lie down and I don't want to do my job and don't want to achieve something," said Dian Gu, who works as a content specialist for an internet company in China. Since 2021, the internet in China has been awash with the phrases tang ping, which means "lying flat" in Mandarin, and more recently bai lan, which means "let it rot." This has coincided with many young people in China becoming increasingly frustrated with both their personal and professional lives. Unlike most countries, China has continued to pursue a zero-Covid strategy, which requires strict and sudden lockdowns and extensive testing for cities experiencing outbreaks, confining hundreds of millions of Chinese people to their homes. As a result, the economy has slowed and unemployment is rising. The labor market has shrunk since 2019, and there is fierce competition for white-collar jobs. "We could definitely link this wave of quiet quitting and rethinking work, to an inherent lack of satisfaction with what is out there in terms of job availability," said Maria Kordowicz, an associate professor in organizational behavior at the University of Nottingham. So is China's hard-working culture about to change? Watch our video above to find out more. #CNBC #QuietQuitting #Jobs ----- Subscribe: http://cnb.cx/2wuoARM CNBC International TV: https://cnb.cx/2NGytpz Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Twitter: https://twitter.com/CNBCi

The number of 20- to 34-year-olds living with their parents in the United Kingdom has risen by 49% since the turn of the century, data from the country’s Office of National Statistics shows. Rising house prices, high rents and low salaries are to blame, according to Michael Edwards, a University College London lecturer and expert on the relationship between property markets and planning. He said those factors prevent young people from getting on the London property ladder. “The housing system in London is pretty disastrous,” Edwards told CNBC. “For at least half the population, they are paying through the nose, very high prices for rent, or to save up to get enough deposit together to get a mortgage to buy.” So why are London houses so expensive? Watch our video to learn more. #CNBC #London #FirstTimeBuyer #Housing #LondonHousing ----- Subscribe: http://cnb.cx/2wuoARM CNBC International TV: https://cnb.cx/2NGytpz Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Twitter: https://twitter.com/CNBCi

Drones of several varieties have been used on the battlefield during Russia’s invasion of Ukraine, including makes from DJI. The global drone market is expected to grow from $30.6 billion in 2022 to $55.8 billion by 2030, according to a report by Drone Industry Insights. DJI dominates more than 70% of that market. DJI’s first commercially successful product was the Phantom drone, which DJI founder Frank Wang claims made DJI the first company to bring “military-grade technology” to the public. “The unfortunate thing is that (DJI drones are) very reliable. So, it’s become a product of choice, even for those who want to use a drone inappropriately,” Adam Welsh, DJI’s Head of Global Policy, told CNBC. A recent controversy around DJI products being used for warfare isn’t the only problem the company has faced. In December 2021, the Shenzhen-based drone maker was placed on an investment blacklist by the U.S. government, banning American investors from buying or selling shares in the company. That move is largely symbolic, however, since DJI is a private company. Watch the video above to understand why the Chinese drone maker is dominating the market – despite being blacklisted by the U.S. #CNBC #DJI #Drones ----- Subscribe: http://cnb.cx/2wuoARM CNBC International TV: https://cnb.cx/2NGytpz Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Twitter: https://twitter.com/CNBCi

Following the invasion of Ukraine, the European Union placed sanctions on Russia that included the aviation sector. It triggered a global scramble by overseas plane lessors to recover $10 billion worth of aircraft stuck in the country. #CNBC #Aviation #Ireland #Russia ----- Subscribe: http://cnb.cx/2wuoARM CNBC International TV: https://cnb.cx/2NGytpz Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Twitter: https://twitter.com/CNBCi

Money can buy many things — a tasty meal, a nice car, a luxurious home. But what about a long-term stay as a digital nomad on the beautiful Indonesian resort island of Bali? Well, for people with $130,000 to spare in their bank account, that could become a reality too. Digital nomads are "people who choose to embrace a location-independent, technology-enabled lifestyle that allows them to travel and work remotely, anywhere in the world," according to one firm that links independent consultants with clients. As of June 2022, more than 25 countries and territories had issued digital nomad visas to draw remote workers, whose number has increased since the pandemic started. The Indonesian government, however, is taking a slightly different approach through a "second home visa" that permits wealthy foreigners, professionals, investors and retirees to stay in the country for up to 10 years. Watch the video above to learn how this visa stacks up against the ones issued by other countries, and to learn about the difficulties policymakers face in making it a success. #CNBC #DigitalNomad #Travel #RemoteWork #WorkFromHome ----- Subscribe: http://cnb.cx/2wuoARM CNBC International TV: https://cnb.cx/2NGytpz Facebook: https://www.facebook.com/cnbcinternational Instagram: https://www.instagram.com/cnbcinternational/ Twitter: https://twitter.com/CNBCi