President Donald Trump and former leader Barack Obama both made the same mistake in relying on the U.S. Congress and Senate to push through health-care legislation, a former assistant for the U.S. secretary of commerce has told CNBC. “He just left it to the House and Senate. President Trump has made a similar mistake with […]
Read moreThe Greek government is widely expected to return to the bond market soon although Athens isn’t saying much as it reportedly appoints banks to manage the fund raising. “We are not commenting on how and when we might tap markets again,” a spokesperson for the Greek government told CNBC on Thursday, adding that it is […]
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Macron needs to move fast to reform France and keep credibility, says top EU commissioner
France’s brand new President Emmanuel Macron needs to move quickly to change the country, according to a top-ranking member of the European Commission. The advice, from Jyrki Katainen the vice president for jobs, growth, investment and competitiveness, comes as Macron suffered his first setback this week since taking office. “As former prime minister of Finland […]
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China is clamping down on foreign firms’ internet use and there’s a worry it might jeopardize trade secrets
China is tightening control over foreign companies’ internet use in a move some worry might disrupt their operations or jeopardize trade secrets as part of a crackdown on technology that allows web surfers to evade Beijing’s online censorship. In a letter to corporate customers seen by The Associated Press, the biggest Chinese internet service provider […]
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UK will be at the back of the queue for a trade deal, warns top EU commissioner
Brexit talks are a “very difficult process” but they need to move fast to give enough time for officials to negotiate a trade deal, the vice president of the European Commission has told CNBC. In an exclusive interview, Jyrki Katainen noted that the EU is having trade talks with 21 different jurisdictions and the U.K. […]
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Trump's former campaign chief Manafort reportedly owed millions to pro-Russia interests
Former Trump campaign chairman Paul Manafort owed as much as $17 million to pro-Russian interests before he joined the president’s election campaign, the New York Times reported on Wednesday. The funds were owed by shell companies linked to Manafort’s business ventures in Ukraine, where he worked for the Party of Regions, a Ukrainian political faction, […]
Read moreSenior Trump administration officials said on Wednesday they wanted to break down barriers to sales of U.S. products to China and secure more U.S. company access to the Chinese economy to rebalance what they say is an unfair trading relationship. At the start of annual summer economic talks between the world’s two largest economies, U.S. […]
Read moreOn the campaign trail, Donald Trump deemed NAFTA “the worst trade deal maybe ever signed anywhere” and pledged to redo the whole accord or scrap it altogether. It turns out, though, that Trump seems pretty content with the status quo. On Monday the White House released a 17-page summary of its objectives for renegotiating NAFTA, […]
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Terminally ill British baby Charlie Gard granted US 'legal permanent residency'
The ongoing battle for treatment for Charlie Gard has taken a new turn, with a U.S. amendment being passed Tuesday granting the terminally ill British baby “legal permanent residency,” in the U.S. TWEET Gillian Christensen, press secretary for the United States Citizenship and Immigration Services, told CNBC via e-mail that: “We are aware of the […]
Read moreSeattle’s rich should engage in upper-class “civil disobedience” and refuse to pay their city taxes, Washington state’s Republican leaders said. After the city of Seattle passed a new income tax on households earning more than $500,000, the Washington State Republican Party called for taxpayers to “forcefully resist” the tax by refusing pay, file or comply […]
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