Chinese ride-hailing firm Didi Chuxing has been given a permit to test self-driving cars in California. The company is allowed to test autonomous vehicles in the state as of May 10, according to the California Department of Motor Vehicles’ website. Didi was not immediately available for comment when contacted by CNBC. Didi, which bought out […]
Read moreThe U.S. decision to shift its embassy in Israel from Tel Aviv to Jerusalem will make the Middle East a more dangerous place, according to Prince Turki Al-Faisal of Saudi Arabia. “America has stood for rule of law, for justice, for respect of international agreements…and now we see all of that being pushed aside for […]
Read moreJ.P. Morgan Chase & Co said on Monday it had submitted an application to the Chinese securities regulator for setting up a new onshore securities business in which the U.S. bank would own a 51 percent stake. The bank’s asset and wealth management unit is also working on increasing its current joint venture stake to […]
Read moreMoqtada al-Sadr was leading in Iraq’s parliamentary election with more than half the votes counted, the electoral commission said, a surprise comeback for the powerful nationalist Shi’ite cleric who had been sidelined by Iran-backed rivals. Shi’ite militia leader Hadi al-Amiri’s bloc, which is backed by Tehran, was in second place, according to the count of […]
Read moreProminent emerging markets investor Mark Mobius said he would “definitely” be interested in putting money into North Korea if he could. South and North Korea is a “beautiful combination,” he told CNBC’s “Street Signs” on Monday. “The South has technology, it has the know-how, it has the manufacturing ability and the North has resources,” he […]
Read moreEuropean stocks are set to start the week on a higher note as investors become more positive about trade relations between the U.S. and China as well as Italian politics. The FTSE 100 is seen up by 0.5 at 7723; the DAX is seen higher by 22.3 points at 13,020; and the CAC 40 is […]
Read moreIn the aftermath of Malaysia’s stunning election result, one of the country’s most respected business figures has admitted to “buckling” to pressure from the previous government. AirAsia CEO Tony Fernandes, who enjoys near-rockstar status in the Southeast Asian nation, apologized on Sunday for a flashy, apparent endorsement of then-leader Najib Razak in the run- up […]
Read moreChina expects to deliver its domestically developed AG600, the world’s largest amphibious aircraft, to customers by 2022, the state-run Xinhua news agency reported late on Sunday citing the plane’s manufacturer. “We are endeavouring to get the airworthiness certification from the civil aviation authorities by 2021, and deliver it to the customers by 2022,” Xinhua quoted […]
Read moreA vehicle exploded injuring several Indonesian police in Surabaya on Monday, a day after Islamist militants killed at least 13 people in suicide attacks on churches in the country’s second largest city, police said. The blast had occurred at 8.50 a.m. (0150 GMT) at their police office, East Java police spokesman Frans Barung Mangera told […]
Read moreCurrency, United States Finance
Trump’s Iran sanctions will aggravate the French-German discord on EU reforms
Germany does not want to finance the budget to support reforms in a French proposal to “refound” the European economic and political integration (aka “the European project”). At the same time, the presumption of European unity is being severely tested by the extraterritorial impact of President Donald Trump’s unilateral sanctions on Iran. Ironically, the money […]
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