Microsoft does not want to move jobs out of the United States but certain decisions out of Washington could potentially force its hands, the company’s President and Chief Legal Officer Brad Smith warned. The Trump Administration’s tough stance on immigration has attracted a lot of criticism from big technology firms, which rely heavily on skilled […]
Read moreCurrency, United States Finance
Trump protests are ‘embarrassing’ and ‘cringeworthy,’ overseas Republican leader says
The thousands of people in the U.K. preparing to protest against President Donald Trump’s visit have lost the plot, the chairman of Republicans Overseas told CNBC Thursday. Anti-Trump protests are scheduled to take place Thursday and Friday while the U.S. president is on a working visit to the country — one that includes meetings with […]
Read moreUber has laid off 100 self-driving car test drivers in Pittsburgh in the wake of a high-profile crash in Arizona. The company is replacing them with 55 so-called “mission specialists,” technical specialists trained on both on-road and test track conditions, as it continues to scale back operations in the wake of the crash. News of […]
Read moreCurrency, United States Finance
‘Trump protests are an obligation’: Here’s what British newspapers are saying about the US president’s visit
President Donald Trump will be on his way to Britain later on Thursday, his three-day working visit will include meeting Prime Minister Theresa May, Queen Elizabeth II and business leaders before he heads to Scotland for a weekend of golf. A range of foreign policy issues ranging from Russia, trade, Brexit and the Middle East […]
Read moreCurrency, United States Finance
Spare oil capacity could be ‘stretched to the limit’ by OPEC’s supply boost, IEA says
OPEC’s rejuvenated bid to tame crude prices could soon exhaust the world’s spare capacity cushion, according to the latest monthly report from the International Energy Agency (IEA). The IEA’s closely-watched report comes shortly after crude had its biggest one-day drop in two years, amid heightened U.S.-China trade tensions and persistent global crude supply problems. “The […]
Read moreEuropean stocks are set to open higher Thursday morning, as markets consolidated steep losses from the previous session when heightened fears of an escalation to the U.S.-Sino trade war soured investor sentiment. The FTSE 100 is seen 25 points higher at 7,615; the CAC is expected to open up around 10 points at 5,371 while […]
Read moreThe commodities sector has been hit by escalating trade tensions between Washington and Beijing, but coal is bucking that trend as China’s demand for the fossil fuel remains high. Benchmark Australian thermal coal prices have risen 40 percent this year so far, breaking through $120 per metric ton for the first time since 2012. “We […]
Read moreA major element of China’s continent-spanning Belt and Road Initiative has nothing to do with roads, ports or power plants. Rather, the “Digital Silk Road” aims to construct communications networks across the developing world. Many fear Beijing could use those tools for electronic surveillance. The world’s second-largest economy wants to build cables, mobile structures and […]
Read moreMobile phone maker Xiaomi’s disappointing initial public offering has cast a cloud over potential new listings by Chinese companies in Hong Kong. The intensifying trade conflict between Beijing and Washington is only further deflating sentiment. Xiaomi shares closed lower Monday in Hong Kong on its first day of trading after the world’s fourth-largest mobile phone […]
Read more