The Kremlin hasn’t been front and center in discussions about North Korea’s nuclear arsenal — but given its long ties with Pyongyang, Moscow probably can’t be ignored in any potential peace deal. “Despite its relatively low public profile as a player in the North Korea negotiations, Russia’s behind-the-scenes ability to throw a wrench in the […]
Read moreBT Group‘s Chief Executive Gavin Patterson will step down later this year after the British telecom company’s chairman said a change in leadership was needed. Patterson, who has led BT for almost five years, announced 13,000 job cuts last month in an attempt to address multiple pressures on the business. But a failure to hit […]
Read moreIf all goes to plan, U.S. President Donald Trump will meet with North Korean leader Kim Jong Un on June 12 in a tiny but wealthy corner of Southeast Asia. The White House explained why Singapore got the nod after experts floated a number of possible locations, including Switzerland, Mongolia and the demilitarized zone between […]
Read moreStocks of entertainment companies and production houses in China are having a sorry week after authorities in China announced they were launching an investigation in the sector following allegations of tax evasion. China’s State Administration of Taxation said in a statement earlier this month that it had instructed tax authorities in Jiangsu to carry out […]
Read moreCanada’s Senate on Thursday voted to legalize recreational marijuana, clearing a major hurdle that puts the country on track to become the first Group of Seven nation to permit national use of the drug. The upper chamber Senate voted 56-30 in favor of the legislation but included amendments that the House of Commons will need […]
Read moreBritish Prime Minister Theresa May urged lawmakers to back the legislation that will end Britain’s membership in the European Union, ahead of a series of crunch parliamentary votes that could see a rebellion by those who want closer EU ties. May’s Brexit plan will begin its most severe test to date on June 12 when […]
Read moreCurrency, United States Finance
Trump vs. world: Tariff dispute likely to cast a chill over G-7 summit
There will likely be a chill in the air at Friday’s G-7 meeting in Quebec following President Donald Trump’s decision to press ahead with tariffs on steel and aluminum imports from the European Union, Mexico and Canada. The two-day summit will see Trump meet with his counterparts from Canada, Japan, the U.K., France, Germany and […]
Read moreCreating some artificial intelligence programs is easy, but turning them into successful businesses is a challenge, experts said this week in Singapore at the annual Innovfest Unbound tech conference. Improvements in computing power and better availability of data have sped up developments in AI, with large corporations, start-ups, universities and governments all getting involved. Earlier […]
Read moreEuropean bourses looked set to begin trading negatively on Friday morning as investors worried about world trade ahead of this weekend’s G-7 meeting in Canada. The Italian FTSE MIB was set to fall the furthest at the market open, and was down 144 points at 21,603. Meanwhile, the German DAX was expected to open 93 […]
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Even at a European conference about fintech, one country dominated the conversation: China. This week, hundreds of fintech companies, from startups to tech giants, gathered at the Money 20/20 conference in Amsterdam, Netherlands. One key theme at the gathering was China’s leading role in the fintech industry. “Alibaba and Ant Financial, we are literally the […]
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