India successfully launched a long-range intercontinental ballistic missile (ICBM) on Thursday. The nuclear-capable Agni-V ICBM was fired from Abdul Kalam island off the coast of the eastern state of Odisha at around 9:53 a.m. local time (11:23 p.m. ET on Wednesday). India’s Defense Ministry said the test was a “major boost” to the country’s defense […]
Read moreAmazon.com, which has made waves in recent years buying art-house movies at the Sundance Film Festival, is heading to the prestigious event this week with a long-term change in the works: It plans to shift resources from independent films to more commercial projects, people familiar with the matter told Reuters. The move reflects a new […]
Read morePolitical risk has the potential to grip the currency market in the near term, according to one foreign exchange strategist with a close eye on Washington this week. Concerns over a U.S. government shutdown loom. President Donald Trump was said to support a short-term funding bill to prevent such an event, but it faces potential […]
Read moreHome stock market bias remains strong in the United States, but more investors opened portfolios to international equities last year. Roughly $150 billion went into international exchange-traded funds in 2017, compared to just $16 billion the year before. Investors who diversified overseas were rewarded with performance in both developed markets ex-U.S. and emerging markets that […]
Read moreMajor digital currencies recovered slightly on Thursday, after a two-day sell-off saw the world’s biggest cryptocurrency bitcoin lose more than 50 percent of its value. Bitcoin and ethereum — the first and second largest virtual currencies by market value — appeared to stabilize after Wednesday’s lows. Bitcoin fell as low as $9,199.59 on Wednesday morning, […]
Read moreRepublican leaders in the U.S. Congress stepped up their efforts to pass a temporary extension in funding and prevent the federal government from shutting down, scheduling a vote on the measure for later on Thursday. For months, the Republican-controlled Congress has been struggling to fund the government, which is now operating on its third temporary […]
Read moreCurrency, United States Finance
Germany fiercely defends its trade surplus, says it would be ‘futile’ to spend more
Germany again defended its economic surplus on Thursday, despite increased criticism from the International Monetary Fund (IMF) and Europe. Jens Weidmann, president of the German central bank, all but ruled out an increase in public spending during a speech. “Raising public spending in order to reduce Germany’s current account surplus would likely be a futile […]
Read moreA newly discovered security flaw is affecting Apple‘s iPhone and Mac computers. Software developer Abraham Masri claimed to have found the bug, called “chaiOS,” and posted it on programming site GitHub on Tuesday afternoon. The so-called “text bomb” typically causes an iPhone to crash and, in some cases, restart. Sending a message which contains the […]
Read moreGerman auto giant BMW can trace its roots all the way back to 1916. A lot has changed in the industry since then, of course, but the importance of innovation has remained a constant. While technological advances such as autonomous driving may be changing BMW vehicles, the company’s business model is also being reshaped. “In […]
Read moreFrench President Emmanuel Macron is visiting the U.K. Thursday for the first time since taking office, in an attempt to secure defense cooperation post-Brexit. “I do think this meeting is particularly about quick resolutions,” Aarti Shankar, policy analyst at Open Europe, told CNBC Thursday. The meeting “will be setting the roadmap, I think, for what […]
Read more