South Korea’s defense ministry said in a parliament hearing on Monday it was still seeing signs that North Korea planned to stage more ballistic missile launches, possibly including an intercontinental ballistic missile. “We have continued to see signs of possibly more ballistic missile launches. We also forecast North Korea could fire an intercontinental ballistic missile,” […]
Read moreNorth Korea could launch yet another missile as soon as Saturday when the country celebrates its founding day, hot on the heels of its biggest-to-date nuclear test. “I think another ICBM [intercontinental ballistic missile] test … could come on Sept. 9. The North Koreans love to put on a big show for their big national […]
Read moreRegulators are about to begin scrutinizing China’s initial coin offerings — an industry worth hundreds of millions of dollars. Local outlet Caixin reported that a notice, issued by a working committee that oversees risk in the country’s internet finance sector, said new projects raising cash or other virtual currencies through cryptocurrencies will be banned. It […]
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Trump dominates German election debate as Merkel faces down her main rival
Chancellor Angela Merkel fended off competition from rival Martin Schulz Sunday night as the two leading candidates went head-to-head in their only televised debate ahead of this month’s German election. The incumbent emerged in the lead following a 97-minute duel, which focused on the European migrant crisis, Turkey’s accession to the EU, and the handling […]
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Russia denounces US for 'blatantly hostile' closure of diplomatic posts
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 […]
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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 […]
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