The center-right is set to remain the biggest group in the EU legislature after elections in May that should also show a surge in seats for the far-right, a survey by the European Parliament showed on Monday. The German Christian Democrat CDU/CSU alliance led by Chancellor Angela Merkel would remain […]
CNBC News
Asia has ‘mitigating factors’ to counter a global growth slowdown, says bank CEO
Global growth is expected to slow in the coming months, but Asian economies could hold up reasonably well, thanks to several “mitigating factors,” according to the chief executive of Southeast Asia’s largest bank. “The overall macro-economy will be a tad bit slower, but I do think that there are some […]
Alphabet and Salesforce back $75 million funding for UK online payments start-up GoCardless
British online payments start-up GoCardless has landed a $75 million investment backed by U.S. tech giants Alphabet — the parent company of Google — and Salesforce. The funding round was co-led by Alphabet’s venture arm GV and private equity firm Adams Street Partners. Existing investors Accel, Balderton Capital, Notion Capital […]
Here’s why Apple is cutting iPhone prices in China
According to an IDC report in January, global smartphone shipments fell nearly 5 percent in the fourth quarter of last year. That could in part be due to customers around the world holding onto their phones for longer periods. But Apple’s slump in sales in emerging markets like China and […]
China’s car sales in January fell 16 percent, marking seven months of decline
China’s automobile sales in January fell 15.8 percent from a year earlier, the country’s top auto industry association said on Monday, marking the seventh straight month of declining sales in the world’s largest auto market. China’s Association of Automobile Manufacturers (CAAM) said in an emailed statement to Reuters that sales […]
These are the best cities in Asia Pacific for millennials to live and work
Asia Pacific is the world’s millennial hub, home to a staggering 58 percent of the world’s 20- to 38-year-old population. The sprawling region has evolved rapidly over recent years as its youthful generation moved into the workforce and reshaped the economy. That shifting landscape has been a boon for many […]
These are the best cities in Asia for millennials to live and work
Asia is the world’s millennial hub, home to a staggering 58 percent of the world’s 20- to 38-year-old population. The sprawling region has evolved rapidly over recent years as its youthful generation moved into the workforce and reshaped the economy. That shifting landscape has been a boon for many Asian […]
UAE announces new international weapons deals as Middle East military spending soars
The United Arab Emirates announced about $1.35 billion in defense deals with local and international companies on the opening day of IDEX 2019, the International Defence Exhibition and Conference, in Abu Dhabi on Sunday. Of the 33 deals announced Sunday, 18 were domestic and 15 were with foreign firms, the […]
Japan’s Abe nominated Trump for the Nobel Peace Prize — reportedly after the US asked him to
Japanese Prime Minister Shinzo Abe nominated U.S. President Donald Trump for the Nobel Peace Prize last autumn after receiving a request from the U.S. government to do so, the Asahi newspaper reported on Sunday. The report follows Trump’s claim on Friday that Abe had nominated him for the Nobel Peace […]
Oil is doing something it’s never done before, and at least one expert considers it bullish
It’s already a year for the record books. U.S. crude oil, also known as West Texas Intermediate (WTI), is seeing its best start ever. According to the Oil Price Information Service’s Tom Kloza, there’s not much that could derail the rally through the second quarter. “We’re going to see higher […]