China’s finance ministry said on Friday it has introduced new tax breaks and exemptions for firms making semiconductors, seeking to limit dependence on foreign chips amid trade tensions with the United States over technology transfers. The move comes as the United States is considering imposing tariffs on $50 billion worth […]
CNBC News
Global mergers and acquisitions reached a record high in the first quarter
Global mergers and acquisitions (M&A) had their strongest start ever in the first quarter of 2018, totaling $1.2 trillion in value, as U.S. tax reform and faster economic growth in Europe unleashed many companies’ dealmaking instincts. Strong equity and debt markets and swelling corporate cash coffers also helped boost the […]
China is reportedly taking steps to pay for oil in yuan
China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters, a key development in Beijing’s efforts to establish its currency internationally. Shifting just part of global oil trade into the yuan is […]
Japan, South Korea and China trade higher as other Asian markets remain shut
Markets in Asia traded higher on Friday for the last trading day of the quarter, following a rally in U.S. stocks overnight. But trading volume is set to be thin as many markets in the region, including Australia, Singapore, India and Indonesia, are closed for the Good Friday public holiday. […]
The daughter of an ex-Russian spy attacked with nerve agent is getting better
The daughter of former Russian double agent Sergei Skripal is getting better after spending three weeks in critical condition due to a nerve toxin attack at his home in England, the hospital where she is being treated said on Thursday. After the first known use of a military-grade nerve agent […]
Iran nuclear deal ‘won’t outlast Trump’s first term’ as his deadline for fixes draws closer
The Iranian nuclear deal has looked very fragile since the election of Donald Trump in November 2016 but, so far, the U.S. president has been persuaded to leave the agreement alone. That position is not likely to last much longer, according to political consultancy Eurasia Group, which predicted the agreement […]
Everything you need to know about a new EU data law that could shake up big US tech
You may have heard of the General Data Protection Regulation (GDPR). But most likely you haven’t because it sounds boring, but it’s really important and CNBC has a guide to help you understand it. It’s a piece of European Union (EU) legislation that could have a far-reaching impact on some […]
Smugglers used drones to bring $79.8 million worth of iPhones into China. They just got busted
Customs officers in southern China’s technology hub Shenzhen busted a group of criminals using drones to smuggle 500 million yuan ($79.8 million) worth of smartphones from Hong Kong to Shenzhen, the official Legal Daily reported on Friday. Authorities arrested 26 suspects who used drones to fly two 200-meter (660-feet) cables […]
Reports that China will pay for oil in yuan are moving Shanghai crude futures
Shanghai September crude oil futures rose 3 percent by the midday break on Friday as investors placed bullish bets following reports that China is mulling steps to purchase crude in yuan. The front-month contract on the exchange was at 418.9 yuan ($66.85) at 11:30 local time after Benchmark Brent and […]
IBM sees quantum computing going mainstream within five years
Quantum computing going mainstream. It may sound impossible, but IBM thinks it might be the future in the next five years. That is one of the five technological innovations that IBM predicts will change lives everywhere. CNBC breaks down what it will all mean: The computers sold today, also known […]