With both the U.S. and China avoiding any severe economic downturn so far, there’s little incentive for the two countries to strike a trade deal quickly, according to UBS Global Wealth Management. High-level trade negotiations between the world’s two largest economies broke down after President Donald Trump turned up the […]
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Trump says he hopes to announce a trade deal with Japan soon
U.S. President Donald Trump, left, speaks as Shinzo Abe, Japan’s prime minister, during a dinner at the Inakaya restaurant in the Roppongi district on May 26, 2019 in Tokyo, Japan. Kiyoshi Ota | Getty Images News Speaking at a press conference with Prime Minister Shinzo Abe, U.S. President Trump said […]
The hot trend in smartphones? Not buying a new one
Samsung Galaxy Fold CNBC CNBC’s “Beyond The Valley ” caught up with people on the streets of London, Singapore and Guangzhou, China to ask what they thought of foldable smartphones and the responses were not positive: “It looks very strange,” according to a smartphone user in Guangzhou. “It’s super bulky,” said […]
Shares leap higher after Fiat Chrysler and Renault propose merger
Fiat Chrysler and Renault, two automakers looking to curb costs producing vehicles and pool resources for developing the next generation of automobiles, are planning a merger to create the world’s third largest automaker. According to a statement from Fiat Chrysler Automobiles, the combined business would be owned 50/50 between shareholders […]
Japan’s central bank chief Kuroda sounds alarm on global economy ahead of G-20
Bank of Japan Governor Haruhiko Kuroda speaks during a press conference in Tokyo on December 20, 2018. Jiji Press | AFP | Getty Images Bank of Japan Governor Haruhiko Kuroda said on Monday the global economic outlook is highly uncertain, and there are downside risks due to trade friction, China’s […]
Modi needs to make India a ‘highly competitive manufacturing hub,’ says top businessman
Following a resounding victory at India’s parliamentary elections, Prime Minister Narendra Modi needs to improve the country’s manufacturing competitiveness to attract global investors, according to a top business leader. For India to become a highly competitive manufacturing hub, several things still need to happen — including an improvement in infrastructure […]
US takes aim at Chinese surveillance as the trade war becomes a tech war
Surveillance cameras are mounted on a post at Tiananmen Square as snow falls in Beijing, China, on Thursday, Feb. 14, 2019. Qilai Shen | Bloomberg | Getty Images China and America’s trade war looks more and more like a tech war, and the United States appears to be widening its […]
North Korea calls US National Security Advisor John Bolton a ‘war fanatic’
National Security Advisor John Bolton speaks to reporters as he announces that the U.S. will pull out of a treaty with Iran during a news conference in the White House briefing room in Washington, October 3, 2018. Jonathan Ernst | Reuters U.S. National Security Adviser John Bolton is a “war […]
Former Apple CEO reveals the skill that made Steve Jobs ‘brilliant’
As he’s the co-founder of Apple and the visionary behind some of the world’s leading personal computing innovations, few would question the late Steve Jobs‘ expertise. But it was a rather more common interpersonal skill that turned him into a “brilliant” business leader, according to former Apple CEO John Sculley. […]
Bitcoin nears $9,000 as it breaks through its highest level this year
Chesnot | Getty Images Bitcoin surged on Monday, hitting a more-than-one-year high and nearing the $9,000 mark. The price of the digital coin hit an intraday high of $8,937.25, according to Coindesk’s Bitcoin Price Index, which tracks the price of the cryptocurrency across several exchanges. That was the highest level […]