Russia’s Foreign Ministry has condemned the U.S. decision to seize three Russian diplomatic facilities as a “blatantly hostile act”, urging Washington to immediately reverse the call or “bear the total blame” for worsening diplomatic ties. The U.S. ordered the closure of the Russian consulate in San Francisco on Saturday, as well as two trade offices […]
Read moreRussian President Vladimir Putin says that whoever reaches a breakthrough in developing artificial intelligence will come to dominate the world. Putin, speaking Friday at a meeting with students, said the development of AI raises “colossal opportunities and threats that are difficult to predict now.” He warned that “the one who becomes the leader in this […]
Read moreCurrency, United States Finance
Novartis CEO Joseph Jimenez to retire in 2018, Narasimhan taking over in February
Novartis Chief Executive Joseph Jimenez will retire in 2018, with chief drug developer Vasant Narasimhan taking over as CEO starting in February, the Swiss drugmaker said on Monday. Jimenez is stepping down following a decade at Novartis after having successfully secured U.S. approval for a new gene therapy for leukemia last week but before Novartis […]
Read moreAs the U.S. mulls its next move against North Korea, some have suggested that sanctioning the major Chinese banks could be the most effective way to pressure the rogue nation into halting its nuclear program. Targeting the big lenders from the world’s second-largest economy is not a new idea. And it would not necessarily just […]
Read moreEuropean markets were set to open lower on Monday morning, as North Korea’s latest nuclear test prompted investors to rush to safe-haven assets. The FTSE 100 is seen 19 points lower at 7,426; the Dax is expected to open down by 59 points at 12,083 and the CAC 40 is set to open 23 points […]
Read moreChina should stop exporting crude oil to North Korea after the reclusive nation defied the international community by testing a nuclear bomb on Sunday despite numerous international trade sanctions, experts told CNBC. “If China decides to cut off that vital supply of crude oil going to North Korea, there will be an immediate and pretty […]
Read morePresident Donald Trump is set to scrap an Obama-era program this week that protects people who entered the United States illegally as children, according to multiple reports. Politico, citing sources, reported that Trump was persuaded to terminate the Deferred Action for Childhood Arrivals (DACA) program following conversations with Attorney General Jeff Sessions. Reuters also reported, […]
Read moreMarkets in Asia on Monday are expected to react to elevated tensions on the Korean Peninsula after North Korea said it tested a hydrogen bomb over the weekend. North Korea claimed on Sunday that it had conducted a test of a hydrogen bomb meant to be carried by a long-range missile. The test — which […]
Read moreListening to Brad Gilbert cover tennis matches at the U.S. Open — which heats up this weekend at Flushing Meadows in New York — there’s no doubt about his passion for the sport he played professionally, and coached at the highest levels. But Andre Agassi’s former coach told CNBC recently he’s also really passionate about […]
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I really wanted to write about the next great sport sedan. About how Hyundai had done it, making an affordable, comfortable and stylish alternative to the segment stalwarts. It’s a shame that it left me a bit cold. Straight-line performance wasn’t the problem. The 1.6-liter turbocharged 4-cylinder comes on boost around 2000 rpm, pulling strong […]
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