Tesla has bucked its trend of appointing mostly men to its board of directors. And the move could mark a new direction for other Silicon Valley companies as they make their leadership teams more diverse. On Monday, Tesla welcomed Ebony Media CEO Linda Johnson Rice, the second woman out of a group of nine board […]
Read moreThe name “Applied Optoelectronics” may not immediately grab investors’ attention, but among momentum-motivated traders, the stock’s performance ought to turn plenty of heads. With a rise of 279 percent this year, Applied Optoelectronics is easily the best performing stock in the broad S&P 1500 index, which is composed of all the stocks in the S&P […]
Read moreMalaysia is already cracking down on undocumented immigrants — and they may be getting ready to arrest a lot more. So far, the country has arrested more than 3,300 workers and 84 employers since July 1. Activists are crying foul over possible abuses of rights, and business owners are also speaking out against what they […]
Read moreThe U.S. owned drugstore chain, Boots, stands accused of sexism after its top pharmacist suggested lowering the price of the morning after pill could be “incentivizing inappropriate use”. The Walgreen firm is the U.K.’s largest drugstore with more than 2,500 stores. It also said it wanted to avoid upsetting people who don’t think it should […]
Read moreThe Western economic system is deeply flawed with countries such as the U.S. and Britain contributing to the lowest quality economic recovery the world has ever seen, Chris Watling, chief executive of Longview Economics, told CNBC on Friday. “The economic model is deeply flawed and the system in the west is deeply flawed, particularly in […]
Read moreChina has laid out plans to become the world leader in artificial intelligence (AI) by 2030, with the aim of making the industry worth 1 trillion yuan ($147.7 billion). The State Council released its three-step roadmap on Thursday outlining the thinking behind how it expects AI to be developed and deployed in areas from the […]
Read moreCurrency, United States Finance
A third of Greeks at risk of poverty as Athens considers return to bond market
The Greek government might be preparing to return to the bond market but there are many structural problems that have yet to be resolved to make the economy more sustainable, an analyst told CNBC on Friday. Greece is currently on a third financial program since 2010, due to expire next year. According to James Athey, […]
Read moreA consortium of Blackstone and CVC Capital Partners has made a 2.86 billion pound ($3.71 billion) bid for payments processing company Paysafe Group, joining a growing number of deals in the sector. The 590 pence per share all-cash offer represents a premium of about 9 percent to Paysafe’s closing price on Thursday. In a separate […]
Read moreFinance Minister Wolfgang Schaeuble was quoted on Friday as comparing Turkey with the former communist East German state and saying Berlin might have to tell Germans travelling there that they did so at their own peril. Foreign Minister Sigmar Gabriel told Germans on Thursday to exercise caution if travelling to Turkey and threatened steps that […]
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Sweden asked the public to vote on a name for a new train and this is what they came up with
A train operator in Sweden has vowed to name one of its trains Trainy McTrainface in a bid to bring “joy” to all those disappointed when the U.K. overturned a public vote to name a polar research ship with a similar quirky name. Trainy came in miles ahead when MTR Express, a subsidiary of Hang […]
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