North Korea’s growing armed belligerence is a strategic opportunity for American multinational Honeywell. “We fully expect it [North Korea] will help the defense side of our business because Japan, South Korea and others are going want to protect themselves and be a lot more careful because who knows where something like this can go,” David […]
Read moreAlthough markets did not react much to North Korea’s latest missile launch — which rocketed over Japan Friday morning — the chairman of the largest Japanese bank had a warning for his fellow citizens. “We need to worry about this,” Nobuyuki Hirano, chairman of Bank of Tokyo-Mitsubishi UFJ and CEO of parent company Mitsubishi UFJ […]
Read moreGermany’s largest bank reportedly expects subpoenas or requests from authorities investigating potential coordination between Donald Trump’s presidential campaign and the Russian government. But until there’s a binding request, his bank won’t give anything up, Deutsche Bank CEO John Cryan told CNBC. The German lender has done business with the current U.S. president for decades, and […]
Read moreTechnology threatens jobs in many industries, but one bank chief is already predicting that “a lot of people” in his industry will see their roles taken by automation in the next five to 10 years. Deutsche Bank CEO John Cryan has made headlines before for his prediction that technology will end many banking jobs, but […]
Read moreAlcohol has been mostly out of grasp for Amazon — until recently. Even with a network as vast and complex as Amazon, the logistics of shipping booze is somewhat nightmarish. Intoxicating liquor can’t be mailed in the U.S., and services like FedEx have strict requirements for delivery. Then there are individual state mandates on both […]
Read moreCurrency, United States Finance
Second man arrested in London train attack investigation, Metropolitan Police say
A second man was arrested in the U.K. by detectives from the Metropolitan Police’s counter-terrorism command investigating the terrorist attack at the Parsons Green underground station. The 21-year-old man was arrested in Hounslow, a borough in west London, late on Saturday local time, under section 41 of the Terrorism Act, the police said. He was […]
Read moreThe movie company that made “The Wolf of Wall Street”, and was co-founded by the Malaysian prime minister’s step son, has settled a civil lawsuit brought by the U.S. government to seize assets allegedly bought with money stolen from a Malaysian state fund. Red Granite Pictures announced the settlement in a filing at the federal […]
Read moreSouth Korea’s President Moon Jae-in and U.S. President Donald Trump agreed to exert stronger pressure through sanctions on North Korea following its nuclear and missile tests, South Korea’s presidential office said following a telephone call between the two leaders on Sunday. “The two leaders agreed to strengthen cooperation, and exert stronger and practical sanctions on […]
Read moreWith bond yields spending years barely hovering above zero in most developed markets, big money investors are having to get creative to find returns. For many, that means taking their money to riskier assets. Here’s what some of the biggest names in fixed-income investing had to say this week at Milken Institute events in Singapore: […]
Read moreThere’s a war for talent in Pittsburgh’s booming autonomous car market. It started with Uber and now includes Argo AI, which is majority owned by Ford, and a start-up called Aurora Innovation. With so much hiring, it’s a good time to be at the city’s prized academic institution, Carnegie Mellon University. Andrew Moore, the dean […]
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