China said on Monday its military budget this year would grow 8.1 percent from 2017, a larger increase than the previous two years even as the country kept its overall economic growth target the same. The 2018 defense budget will be 1.11 trillion yuan ($175 billion), according to a budget […]
CNBC News
China is pumping up its 2018 military budget by 8.1 percent
China said on Monday its military budget this year would grow 8.1 percent from 2017, a larger increase than the previous two years even as the country kept its overall economic growth target the same. The 2018 defense budget will be 1.11 trillion yuan ($175 billion), according to a budget […]
China keeps 6.5 percent growth target this year
China aims to expand its economy by around 6.5 percent this year, the same as in 2017, Premier Li Keqiang said in remarks prepared for delivery at the opening of the annual meeting of parliament on Monday. The goal was kept unchanged even though the economy grew 6.9 percent last […]
Italy heading for a hung parliament as euroskeptic, right-wing parties see strong gains
Italy’s parliamentary elections are likely to result in a hung parliament, according to an exit poll, with a center-right coalition set to win more seats than the anti-establishment Five Star Movement (M5S). The election has turned Italian politics on its head, with far-right, anti-establishment and euroskeptic parties seeing strong gains. […]
Exit poll shows the Italian election is heading for a hung parliament
Italy’s parliamentary elections are set to result in a hung parliament, according to an exit poll, with a center-right coalition set to win more seats than the anti-establishment Five Star Movement (M5S). The exit poll by Rai state television on Sunday evening showed the Five Star Movement would be the […]
Trump’s steel tariff plan leaves winners and losers among blue collar workers
President Trump’s announcement that he planned to impose steep tariffs on imported steel and aluminum delighted some blue-collar industries he had championed. “Enthusiastic and gratified are probably understatements,” said Michael A. Bless, the president of Century Aluminum. Behemoth steel buyers like Boeing and General Motors weren’t as pleased. Their shares […]
Italian election exit poll shows center-right bloc winning the most seats but failing to get a majority
Italy’s parliamentary elections are set to result in a hung parliament, according to an exit poll, with a center-right coalition set to win more seats than the anti-establishment Five Star Movement. The exit poll by Rai state television on Sunday evening showed the Five Star Movement would be the largest […]
Inflation threat could significantly slow the bull market, a top Citi analyst warns
March’s brutal start on Wall Street may not be an anomaly. If Citi’s forecast is right, it could replay several times this year, whether or not President Donald Trump’s tariffs on steel and aluminum become a reality. “We’re looking for a more moderate year this year versus last year,” Tobias […]
The guy who battled Republicans over Obamacare is investing in health tech for the 99 percent
Andy Slavitt has been called a renegade, a rabble rouser and a policy wonk. Soon, he might be known by a new title: Venture capitalist. Slavitt made a name for himself as the entrepreneur-turned-Medicare chief who took on Republican lawmakers seeking to repeal the Affordable Care Act. When members of […]
Bend, Oregon, is becoming a commuter town for Silicon Valley despite the 10-hour drive
While most people jump in their cars or walk to public transportation to get to work, Darren Pleasance starts up his plane. Pleasance’s family decided to make Bend, Oregon, their permanent home in 2010 even though it meant flying back and forth to the Bay Area for him. When he […]