While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
U.K. Prime Minister Boris Johnson told the EU that a Brexit deal can still be approved by U.K. lawmakers if Brussels agrees to scrapping the contentious Irish "backstop."read more
Baidu posted better-than-expected earnings for the June quarter, swinging back to profit and managing to stabilize its core ad business.Technologyread more
Several big Pimco funds controlled by Ivascyn have reportedly been trimming their bond market positions in the U.K. and Europe.World Marketsread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
— This is the script of CNBC's news report for China's CCTV on September 4, Wednesday.
Welcome to the CNBC Business Daily.
In the US, President Obama is making headway in getting Congress to back a military strike on Syria.
Senate leaders in the foreign relations committee say they've reached a draft deal. It would approve a 60-day window for a strike without putting boots on the ground. The pact now goes to a Senate vote, with US Secretary of State John Kerry warning that Middle East allies are counting on them.
[Soundbyte on tape by US Secretary of State John Kerry] I can't emphasize enough how much they (allies in the Middle East) are looking to us now, making judgments about us for the long-term and how critical the choice we make here will be not just to this question of Syria but to the support we may or may not anticipate in the Mid East peace process.
Earlier in the day, President Obama consulted with House speaker John Bay-ner, who came out of the meeting on the side of the Commander in Chief.
[Soundbyte on tape by John Boehner, Speaker of the US House of Representatives: I am going to support the president's call for action. I believe my colleagues should support this call for action. We have enemies around the world that need to understand that we're not going to tolerate this type of behaviour.]
Meanwhile in Europe a French minister says President Hollande is mulling a vote in parliament on joining the US or others. But United Nations Secretary General Ban Ki Moon, has warned that any strike on Syria in response to chemical attacks needs authorization from the UN.
And as President Barack Obama persuades congress to sanction a strike against Syria.
CNBC's John Harwood was on the road with Republican Representative Tom Cole and got a sense of some of the resistance to military action.
[President Obama needs majorities in both the House and Senate to get the backing he wants from Congress on strikes against Syria.
But a visit to this pro-military conservative district just outside of Oklahoma City shows it's not going to be easy. The Republican Congressman Tom Cole has worked with the President but he's leaning against support for a strike and so are many of his constituents.
Rep. Tom Cole (R) Oklahoma: "Am willing to send Americans in the middle of that? When I think...and in my view, not a direct security interest? Well, I'm very, very skeptical."
Dr. Jeannie Webb President, Rose State College: "What is the plan? I haven't seen a plan...and my brother is in the military. Is there a reason, and how many American lives are we willing to sacrifice?"
Rep. Tom Cole (R) Oklahoma: "Personally, I think there is not much of a plan."
It's going to be a much tougher fight in the house than in the Democratic-controlled Senate, which held Foreign Relations Committee here in Setade. But House Speaker John Boehner and his majority leader Eric Cantor both stepped behind President which Congressman Cole thinks a big boost to chances of that majority of 218 votes. Back to you.]
Li Sixuan from the CNBC headquarters in Singapore.