Polls in Germany point to Angela Merkel’s re-election as German chancellor in a general election in less than a week’s time, but speculation is mounting over which party could join her conservative Christian Democrats to form a coalition government. If re-elected for a fourth term, Merkel’s choice of partner will quickly become the main focus […]
Read moreA major bitcoin conference has suddenly jumped from China’s capital to Hong Kong — which has greater freedoms than Beijing — in the face of a Chinese government crackdown on cryptocurrencies. The Blockchain Global Summit hosted by BitKan, a company specializing in bitcoin trading and services, was set for Sept. 10 in Beijing, but it […]
Read moreThe U.S. military on Monday flew a pair of B-1B bombers and F-35 fighter jets in bombing drills with South Korea over the Korean peninsula, in a show of force against North Korea, South Korea’s Defence Ministry said. The bombers flew from Guam and the fighters flew from Japan, joined by six South Korean fighter […]
Read moreDecorated U.S. Army veteran Daniel Davis says he’s “concerned” that the United States is not backing down from its threat of military action against North Korea. “That has virtually no chance of success,” Lt. Col. Davis told CNBC’s “The Rundown,” as world leaders head to the United Nations in New York this week to further […]
Read moreCurrency, United States Finance
European markets set to open higher amid cooling geopolitical tensions
European markets were set to open higher on Monday morning, as global investors returned to perceived riskier assets amid cooling geopolitical tensions. Britain’s FTSE 100 is poised to open 30 points higher at 7,237; the German DAX is expected to open up by around 70 points at 12,589 while the French CAC is set to […]
Read moreThe promise of Southeast Asia’s tech start-ups recently lured Japanese billionaire Taizo Son to move from Tokyo to Singapore. The 44-year-old serial entrepreneur is founder and CEO of Mistletoe, a venture capital firm that’s also part accelerator and part incubator. The Tokyo-based company set up shop in Singapore this April as Son, the younger brother […]
Read moreCurrency, United States Finance
We asked 4 global banking bosses what they're doing about Brexit. Here's what they said
As U.K. Prime Minster Theresa May prepares to relaunch her Brexit strategy, global banking bosses meeting nearly 7,000 miles away from London are drawing their own road maps in the event she fails. “We are all planning for the worst, but hoping for the better,” John McFarlane, chairman of Barclays told CNBC at the Singapore […]
Read moreSingapore is one of the world’s leading centers for global technological innovation, but its entrepreneurs need to think bigger, warned an important local player. The Southeast Asian island-nation possesses the most capital to be deployed outside of China in addition to superior legal and political infrastructure, but the start-up ecosystem is far from perfect, according […]
Read moreIn the next phase of artificial intelligence development, the firm behind Sophia the robot — who once said she wanted to destroy humans — is integrating blockchain into its work. Hanson Robotics’ new project is a marketplace in the cloud where AI developers can put up their work, which can be tapped by others to […]
Read moreAnybody investing in euro-denominated assets should know that the currency’s future, just as was the case with its origin, crucially depends on a French-German agreement — so far on Germany’s terms. The latest such bargain is falling apart. An implied deal around French economic and political (i.e., structural) reforms, demanded by Germany, and France’s quest […]
Read more