The governor of Arizona on Monday suspended Uber’s ability to test self-driving cars on public roads in the state following a fatal crash last week that killed a 49-year-old pedestrian. The decision to block Uber Technologies Inc’s is a blow to the ride-hailing company, which sees its future success reliant […]
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Don’t rule out EU-US trade renegotiations after Trump’s tariff ‘threats’
At the start of this month President Donald Trump announced he would impose import tariffs on steel and aluminum. Many domestic industries and businesses seemed bewildered, and expressed concern that this would artificially inflate prices for such a key raw material. And in the ensuing fortnight, America’s trading allies overseas […]
Asia markets get a boost as trade tensions ease; Nikkei adds more than 2%
Asian stocks rose on Tuesday after Wall Street rebounded on the first day of the trading week as China and the U.S. moved to ease trade tensions. In Tokyo, the Nikkei 225 jumped 2.29 percent. The broader Topix gained 2.44 percent, as all sectors advanced. Seoul’s Kospi also climbed, with […]
Gold’s supply chain is coming to the blockchain
Physical gold is coming to the digital gold rush known as blockchain technology — and one company is working to ensure that it’s responsibly sourced. That’s according to a U.S.-based financial technology company, Emergent Technology Holdings, that is hoping to digitally encode the gold supply chain using blockchain tech in […]
Sanctions could actually end up helping North Korea’s economy in the long run
International sanctions on North Korea could produce structural reforms that boost long-term economic growth in the pariah state. Pyongyang’s frequent acts of nuclear aggression have earned the isolated country multiple penalties from the United Nations and the United States, including heavy restrictions on trade and financial transactions. Earlier this month, […]
GMC unveils an off-road truck to take on Jeep and the Ford Raptor
GMC will sell a new line of off-road packages for its trucks and SUVs that aims to take advantage of recent enthusiasm for dirt-worthy utility vehicles as the overall consumer shift toward SUVs and trucks continues unabated. The AT4 package is positioned to lure customers away from competitors that have […]
Novartis CEO: Any potential decision on eye-care business will be made in first half of 2019
Swiss pharmaceuticals company Novartis will move toward making a decision on the fate of Alcon — its eye care business — in the first half of 2019, its chief executive officer reiterated on Sunday. “With Alcon … we look forward to taking a potential action, moving toward a potential decision […]
China ‘can do many things’ to make its society more equal, says Asian Development Bank president
There is much that China can do to create more equality, and to let its people enjoy the fruits of the country’s growth and technological development, said Takehiko Nakao, president of the Asian Development Bank. China is already an innovative country and has made much progress in commerce, finance and […]
Asia markets gain as trade tensions appear to ease; Nikkei adds more than 1%
Asian stocks rose on Tuesday after Wall Street rebounded on the first day of the trading week amid a slight easing in trade tensions. In Tokyo, the Nikkei 225 rose 1.06 percent. The broader Topix gained 1.17 percent, as all sectors, with the exception of the mining, oil and coal […]
The best tech strategy is to ‘co-develop in China,’ says French defense industry exec
An executive for a French defense giant that operates in China said that safeguarding the company’s technology is important, but the effort is no barrier to his firm’s success there. Speaking to CNBC at the China Development Forum in Beijing, Laurent Guyot, CEO of Thales China, reframed the issue to […]