Facebook has always shared the principles of a strict data protection law being introduced by the European Union this week, CEO Mark Zuckerberg said Thursday. Zuckerberg said that Facebook provided control, accountability and transparency about how data is used, referring to values enshrined in the EU’s General Data Protection Regulation (GDPR). “These are values that […]
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Iran's Supreme Leader just made 5 tough demands for Europe to save the nuclear deal
Iranian Supreme Leader Ayatollah Ali Khamenei has issued five demands to Europe that would be difficult for the Continent’s leaders to meet as they seek to salvage a 2015 nuclear accord. The European Union is engaged in high stakes talks with Tehran after President Donald Trump abandoned the Iran nuclear deal, putting the international agreement […]
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Watch Facebook's Mark Zuckerberg speak at Viva Tech 2018 as concerns over data protection heighten
[The stream is slated to start at 11:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Mark Zuckerberg is speaking at the Viva Technology conference amid heightened concerns over how Facebook handles user data. The social network’s co-founder and chief executive is speaking to Maurice Levy, […]
Read moreGeopolitical turmoil and policy certainty are combining to make businesses more cautious about investing, Richmond Fed President Raphael Bostic said Thursday. With nuclear talks between the U.S. and North Korea breaking down, the central bank leader said the development was “a surprise” and part of “downside risks” for the economy. “Uncertainty has its own contribution,” […]
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Spain economy minister says he's not concerned about Italian bond market contagion
Spanish Economy Minister Roman Escolano is not concerned about the recent sell-off in the Italian bond markets, saying there is little contagion to other European markets like Spain. Lower sovereign bond yields in Spain, compared to a spike in Italy, reflect the “good fundamentals of the Spanish economy,” he said. A rise in yields — […]
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Uber ‘moving in the right direction’ and will hopefully keep London license, exec says
Uber has taken steps to improve its business model and is hopeful it will regain its license to operate in London, the firm’s head of EMEA said Thursday. “London is a very important and strategic market for us, obviously,” Pierre-Dimitri Gore-Coty told CNBC’s Karen Tso. “I think the situation in London is a good example […]
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HOW much should company bosses be paid relative to their employees? It depends who you ask. Plato argued that the richest members of society should earn no more than four times the pay of the poorest. John Pierpont Morgan, a banker from America’s gilded age, reckoned that bosses should earn at most 20 times the […]
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JOHN KENNETH GALBRAITH, a quotable economist, observed that one of the deeper mysteries is why, in a falling market, there is still a buyer for every seller. It is a conundrum that bond investors must now contemplate. Since January the yield on a ten-year Treasury bond has risen (and thus bond prices have fallen) with […]
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WALK down the streets of Pyongyang, North Korea’s capital, and at first sight the passers-by look rather uniform. The women are in tidy skirt suits and medium-high heels. The men sport variations on the theme of the jacket and wide trousers preferred by Kim Jong Un, the country’s leader. Government-mandated lapel pins with portraits of […]
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When they are not fretting about the American dollar or Chinese debt, policymakers in emerging economies keep a close eye on the oil market. The price of Brent crude has risen by nearly 50% in the past year to around $80 a barrel. It ranks as the 11th-biggest spike in the past 70 years (adjusted […]
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