No Nobel Prize for literature will be given this year, following a scandal over sexual misconduct allegations that has seen a string of board members resign from the board of the Swedish Academy that awards it, the Nobel Foundation said on Friday. The foundation said in a statement the intention was to award the 2018 […]
Read moreThe U.S. stands ready to impose further trade tariffs on Chinese products if Beijing walks away from agreed-upon commitments, according to a reporter at the Wall Street Journal. Trade representatives from the U.S. and China entered a second day of trade discussions on Friday, as the world’s two largest economies sought to find a way […]
Read moreChinese officials tasked with the delicate issue of managing relations with Hong Kong are combining symbolic openness with a hard line as they make sure residents and local officials understand the central government’s will. Hong Kong, a semi-autonomous region of China since former colonial ruler Britain handed it back nearly 21 years ago, has recently […]
Read moreThe decision of China’s ruling Communist Party to stick with the political theories of Karl Marx remains “totally correct”, President Xi Jinping said ahead of the 200th anniversary of the German philosopher’s birth on Saturday. Since coming to power in 2012, Xi, widely seen as the most powerful Chinese leader since Mao Zedong, has said […]
Read moreThe iPhone X became the best-selling smartphone model in the first quarter of 2018, a new report shows, providing more good news for Apple investors following a better-than-expected earnings report earlier this week. Apple shipped 16 million units of the iPhone X in the three months ended March 31, according to a study released by […]
Read moreA U.S. delegation to China negotiating the yawning trade gap between the world’s two largest economies is just beginning a long and protracted process with any concrete outcomes unlikely from this first round, experts said on Friday. “This 48-hours negotiation is unlikely to result in any concrete outcomes, and certainly not resolve anything,” said Deborah […]
Read moreItaly’s biggest insurer Assicurazioni Generali said on Friday its profit in the first three months rose 8.6 percent to top forecasts, driven by a strong performance in non-life business. The company said net profits in the period came in at 581 million euros ($696 million), above an analyst consensus provided by the company of 575 […]
Read moreAs the U.S. and China sit down for a round of talks to discuss recent trade disputes between the two countries, Indonesia is continuing to champion open trade between nations. Speaking with CNBC’s Oriel Morrison, Bambang Brodjonegoro, Indonesia’s minister of national development planning, said openness in global trade is “very critical to the global growth […]
Read moreBNP Paribas reported a 17 percent fall in net income during the first quarter of the year, highlighting “lackluster” trading activity in Europe. The French bank announced profits of 1.57 billion euros ($1.88 billion) for the first quarter on Friday. This was down from 1.89 billion euros a year ago but was in line with […]
Read moreAs Asian governments invest in automation, many are concerned about a spillover effect on jobs and education. It’s imperative for the region to protect workers, instruct societies about disruptive technologies and harness private sector funds in the process, experts said at a CNBC-hosted debate during the Asian Development Bank’s annual gathering in Manila on Friday. […]
Read more