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Supporters of the ruling Georgian Dream party at the party's final campaign rally in Tbilisi on Oct. 23, 2024, ahead of the Oct. 26 parliamentary elections.Giorgi Arjevanidze | Afp | Getty ImagesParliamentary elections in Georgia this weekend have been described as the vote "of a lifetime" that will determine whether the country moves toward Russia or the West.The vote on Saturday is being closely watched for whether the ruling "Georgian Dream" party — which has morphed from an expressly pro-Western grouping over its 12 years in power to a decidedly pro-Russia one in recent years — can hold on to office, or whether it will unseated by pro-Western opposition parties.Voter polls in the run-up to the vote are considered unreliable as they have generally been commissioned or conducted by pro-o...

A DJI Inspire 1 Pro drone is flown during a demonstration at the SZ DJI Technology Co. headquarters in Shenzhen, China, on Wednesday, April 20, 2016.Qilai Shen | Bloomberg | Getty ImagesChina's Ministry of Commerce on Thursday emphasized the country's efforts to restrict illegal exports of military goods to Russia as it seeks to cast Beijing as a neutral player amid the ongoing war in Ukraine.The remarks were made during the week of the BRICS summit in Kazan, Russia. In a meeting on the sidelines of the summit, Chinese President Xi Jinping had told Russian President Vladimir Putin the two countries' "profound" relationship will not change despite the turbulence in global geopolitics.China has walked a diplomatic tightrope throughout the Russia-Ukraine war. Beijing has not condemned Russia ...

After the European Central Bank cut interest rates for the third time this year — and inflation fell below target — all eyes are now on policymakers' next move.A slew of Governing Council members spoke to CNBC's Karen Tso at the International Monetary Fund's annual meeting in Washington, D.C. this week. We asked them about the inflation outlook, the chances of a jumbo 50-basis-point interest cut in December, and more.Mārtiņš Kazāks, Bank of LatviaOn a 50-basis-point rate cut: "Well, everything should be on the table, you know, given what the data tells us. But we will have that discussion in December, and we will have the discussion then early next year, and from meeting to meeting ... With us approaching the 2% target, and with the economy being quite weak for the rates, the way is down a...

Vice President and Democratic presidential candidate Kamala Harris speaks at a campaign event at the Erie Insurance Arena in Erie, Pennsylvania, on October 14, 2024. Dustin Franz | Afp | Getty ImagesA stark shift toward former President Donald Trump on the political gambling platform Polymarket this month stoked scrutiny about four accounts that have collectively spent over $28 million betting on the Republican nominee to win the 2024 presidential election.Polymarket on Thursday confirmed what a number of experts have suspected: All four accounts are controlled by a single trader.A company spokesperson in a statement to CNBC described the whale as a French national with "extensive trading experience and a financial services background."The statement said the trader's accounts were funded f...

MUMBAI, MAHARASHTRA, INDIA - 2024/10/21: Hyundai logo is seen on the Hyundai car showroom in Mumbai. Hyundai Initial Public Offer (IPO) will be listed on the stock exchange on 22nd October 2024. (Photo by Ashish Vaishnav/SOPA Images/LightRocket via Getty Images)Sopa Images | Lightrocket | Getty ImagesThis report is from this week's CNBC's "Inside India" newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here.The big storyShares of carmaker Hyundai's Indian subsidiary started trading this week with much anticipation, only to drop by some 7% on its debut.The stock has pared back losses since, but is still 5% below its initial public offering price.The Korean...

Brad Garlinghouse, CEO of Ripple, speaks at the 2022 Milken Institute Global Conference in Beverly Hills, California, U.S., May 4, 2022. Mike Blake | ReutersRipple Labs CEO Brad Garlinghouse has been skeptical of crypto regulation in the U.S., but he is feeling highly optimistic about the post-election environment around the corner."This is the most important election we've had, but I also believe no matter what happens, we're going to have a more pro-crypto, more pro-innovation Congress than we've ever had," he said in a Wednesday conversation with CNBC at DC Fintech Week.Ripple, a veteran company in crypto known in part for its close association with the XRP token, operates a global payments business with banks and financial institutions as its main customers. About 95% of its business t...