In a vaguely worded explanation, Singapore’s government has expelled a prominent Chinese-born American academic from the country. It’s an unusual move for the city-state, which reportedly may not have taken the step for decades. Huang Jing, who had been granted permanent residency in Singapore, was high profile: He was the director of the Centre on […]
Read moreWith the exception of a few hours last month when he was briefly eclipsed by Amazon founder Jeff Bezos, Microsoft co-founder Bill Gates has maintained a firm hold on the title of the world’s richest individual. His road to riches began when he was a tech-obsessed 13-year-old student at Lakeside School in Seattle, Washington. As […]
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Elon Musk’s Tesla could soon be overtaken in the global ‘arms race’ for batteries, strategist says
Elon Musk’s auto manufacturing firm Tesla appears to be in the lead in the “arms race” for lithium-ion batteries, but others may be soon to follow, a former prominent Credit Suisse research head told CNBC on Monday. Musk recently announced plans to build the world’s biggest lithium-ion battery storage project in South Australia. Meanwhile, construction […]
Read moreCheck out which companies are making headlines before the bell: Tyson Foods – The food producer earned an adjusted $1.28 per share for its latest quarter, 10 cents A share above estimates. Revenue also exceeded forecasts as the company’s beef and pork segments performed well. Marriott – The hotel chain has struck a joint venture […]
Read moreNorth Korea is ready to give the United States a “severe lesson” with its strategic nuclear force if it takes military action against it, and will not put its nuclear program or its missiles on the negotiating table, it said in a statement to a regional meeting on Monday. In a transcript of a statement […]
Read moreSeveral signs are pointing to soft earnings and economic growth, according to Gina Sanchez, CEO of Chantico Global. “I’m specifically looking at the divergence between the soft data, like consumer confidence, and the hard data, like retail sales. Consumer confidence was pacing well above retail sales for many months now, and we are starting to […]
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Market crash still two years away but a 'nasty' 10 percent correction in the offing, says strategist
Investors should be prepared for a “nasty” market correction in two months’ time as central banks appear set to stick with low interest rates for longer than expected, a former prominent Credit Suisse research head told CNBC on Monday. “I think earnings are OK, I think the economy is OK but I think interest rates […]
Read moreMost young people will be doing jobs in the future that currently do not exist, a top executive from one of the world’s largest recruitment agencies has told CNBC. Mark Cahill, the U.K. managing director at Manpower, told CNBC that as much as 65 percent of the jobs that the next generation of workers will […]
Read moreSamsung Electronics Vice Chairman Jay Y. Lee fought back tears and denied wrongdoing on Monday as prosecutors sought a 12-year jail term on charges that include bribing the former president to help cement control of the South Korean tech giant. Lee, the de facto leader of one of Asia’s largest conglomerates, has been in detention […]
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People in the UK will soon be able to get social media giants to delete their embarrassing posts
British consumers will be able to request that their data is erased and to ask social media giants like Facebook to delete embarrassing posts under new data protection legislation. The law, which will enshrine the European Union’s General Data Protection Rule (GDPR), is intended to give the public more control over what happens with their […]
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