Vivien Wang, founder and chief executive of Chinese kindergarten company Etonkids Educational Group, spoke with CNBC on Tuesday about tech in the classroom. In fact, each classroom in the company’s kindergartens features an interactive white board that allows teachers to access resources on the internet, she said. “In every single classroom at our bilingual international […]
Read moreEuropean markets are set to open mixed on Tuesday morning, as investors monitor a fresh batch of economic data. The FTSE 100 is expected to start 12 points higher at 7,704; while the German DAX is seen down by 17 points at 13,351 and the CAC 40 is set to open 4 points lower at […]
Read moreThe cryptocurrency market will strengthen after bitcoin alternatives that lack substance have failed, a former chief executive and co-founder of Ethereum said. “My personal opinion is that we’re going to see a consolidation after a crash,” Charles Hoskinson told CNBC in an interview Friday. Hoskinson now runs blockchain research firm IOHK, but was previously in […]
Read moreA tanker carrying Iranian oil that collided with a Chinese freight ship in the East China Sea was still on fire on Tuesday morning, the Chinese government said, as dozens of rescue boats struggled to control the blaze for a third day. Poor conditions, with heavy winds, rain and high waves, continue to hamper efforts […]
Read moreDespite fears about China’s financial stability, UBS is positive on Chinese financials this year, its head of China strategy explained Tuesday. “There’s less worry about financial stability in China because a lot of other sectors are doing well,” Gao Ting told CNBC on the sidelines of the UBS Greater China Conference. Sectors dealing with over-capacity […]
Read moreForeign companies offering driverless technology may not do so well in China, the world’s largest electric vehicle market. “If foreign companies want to install autonomous driving systems in domestic cars, it might raise national security issues,” said Harry Hu, chief operating officer and acting chief financial officer at Pony.ai, a start-up focused on artificial intelligence […]
Read moreNorth Korea said during rare talks with the South it will send a delegation of high-ranking officials, athletes and a cheering squad to the Pyeongchang Winter Olympics in South Korea next month, a senior South Korean official said on Tuesday. Seoul proposed inter-Korean military talks to reduce tensions on the Korean peninsula and a reunion […]
Read moreTesla is gearing up to manufacture its cars in China, but one of its primary competitors there says it isn’t sweating the competition. Louis Hsieh, CFO of Chinese electric vehicle start-up Nio, told CNBC Tuesday that he firmly believes his company is up to the challenge posed by Elon Musk’s barrier-breaking car company. China has […]
Read moreThe subdued growth in wages amid an expanding economy and declining unemployment has puzzled many, but one economics professor said he may have an explanation for that phenomenon. The answer lies in automation, according to Christopher Pissarides from the London School of Economics. He explained that technology has helped certain segments of the workforce do […]
Read moreChina’s burgeoning financial technology industry went through plenty of ups and downs last year, but growing pains experienced in the sector aren’t fazing one local player. Growth in the fintech space — which encompasses everything from peer-to-peer lending to insurance technology (insurtech) — has been rapid. And that’s been on top of a sector that […]
Read more