Chinese and U.S. envoys sparred at the World Trade Organization on Monday over U.S. President Donald Trump’s claims that China steals American ideas, the subject of two lawsuits and a White House plan to slap huge punitive tariffs on Chinese goods. U.S. Ambassador Dennis Shea said “forced technology transfer” was often an unwritten rule for […]
Read moreAnt Financial Services Group, operator of China’s biggest online payment platform by market share, Alipay, has closed its latest funding round having raised $10 billion from a clutch of global and local investors, five people with direct knowledge of the matter told Reuters. Ant’s first fundraising targeting global money values the firm at $150 billion, […]
Read moreU.S.-based software company Verint Systems is in talks to merge its security division with Israeli cyber surveillance firm NSO Group in a deal worth about $1 billion, a source close to the negotiations said on Monday. The transaction, if completed, would create one of the world’s largest cyber companies. NSO would remain an independent company […]
Read moreThe contagion risks from a potential Italian implosion should concern market participants once again, according to analysts. The euro zone’s third-largest economy is currently in the midst of an ongoing power struggle, with investors fearful the looming prospect of snap elections could be fought over the country’s role in the European Union and its membership […]
Read moreWith rising rates depressing bond prices, some investors may think ditching U.S. Treasury notes is a wise play. Some strategists are taking the other side. Treasurys will soon fall into favor, Gina Sanchez, CEO of Chantico Global, told “Trading Nation” on Friday. Here are her reasons why. • In a traditional economic expansion, interest rates […]
Read moreThe U.S. Federal Reserve will have difficulty raising interest rates significantly beyond the settings of its Japanese and European counterparts, which are still pursuing accommodative policy, St. Louis Fed President James Bullard said on Tuesday. Bullard, who has previously flagged the need for a caution in raising rates, told reporters on the sidelines of a […]
Read moreA gunman killed two police officers and a passer-by on Tuesday before being himself shot dead in the center of the eastern Belgian city of Liege, public broadcaster RTBF said on its website. Belgium’s anti-terrorist crisis centre was monitoring the situation, Interior Minister Jan Jambon said on Twitter. It was unclear, however, what lay behind […]
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OECD forum spotlights ‘what brings us together’ as a response to rising populism
Thousands of officials, civil society leaders, private sector players and economic experts have convened this week in Paris for the annual summit of the Organization for Economic Cooperation and Development (OECD), a 35-nation intergovernmental economic body dedicated to promoting trade and economic progress. Much like the World Economic Forum (WEF) at Davos in January, the […]
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Dassault company will continue to play strategic role for France, defense minister says
The Dassault company will continue to play a strategic role for the French armed forces, the country’s defense minister Florence Parly said on Tuesday, following the death of billionaire industrialist Serge Dassault. “This is a company in which the state cannot play down its own interests,” Parly told the Public Senat channel in an interview, […]
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Italy's caretaker leader 'will fail' to unite political parties with confidence vote, analyst warns
Italy’s political crisis is entering a new phase and fresh elections could determine both its EU membership and whether it remains within the single currency, according to analysts. Voters in the euro zone’s third-largest economy are likely to find themselves heading to the polls again, following the fall of populist Prime Minister designate Giuseppe Conte […]
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