Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Stocks in Asia were tepid on Wednesday afternoon after U.S. Federal Reserve Chairman Jerome Powell tempered expectations for a potential interest rate cut.Asia Marketsread more
The purchase confirms Apple's continued interest in self-driving car software, and it will bolster Apple's engineering ranks with additional employees who can build autonomous...Technologyread more
More than 1,000 protesters marched to major foreign consulates on Wednesday calling on leaders at the upcoming G-20 summit to raise the plight of Hong Kong with China and to...World Politicsread more
In a text message, Grisham confirmed to CNBC that she will still be working for the first lady even as she takes on her new roles.Politicsread more
The Venezuelan capital of Caracas has overtaken Tokyo to become the most expensive city in the world for international job assignments, according to a new ranking.
Topping the list for the first time, Caracas moved up from seventh in the previous year, driven by a 60 percent rise in the price of goods and services frequently used by expatriates, global human resource consulting firm ECA's Cost of Living survey showed.
Venezuela suffers from one of the highest inflation rates in the world due in part to the government's price controls, which act as a disincentive to local producers and has led to shortages of goods, as well as strict controls on foreign currency exchange. The government restricts access to dollars, which pushes up the price of imported goods.
(Read more: America's cheapest states to live in 2013)
The survey compares a basket of like-for-like consumer goods and services commonly purchased by foreign assignees in 440 cities worldwide, including groceries, drink and tobacco, clothing and meals out.
The ranking excludes accommodation, school fees, utilities charges, and car purchases as they are typically compensated for separately in expatriate packages, ECA said.
Luanda, the capital of Angola - Africa's second largest oil producer – ranked in second place, with the cost of goods in the city elevated due to hefty import duties, high taxes and monopolized supply chains linked with the country's political elite.
Oslo, Norway clocked in at third, Juba, South Sudan placed fourth and Stavanger, Norway came in fifth. Swiss cities Zurich, Geneva, Bern and Basel ranked sixth to ninth, respectively.
Tokyo, meanwhile, fell to 10th place, after topping last year's ranking. However, it is still the most expensive location in Asia for expatriates.
A weakening in the yen means that companies which need to locate staff into Japan can now do so for considerably less than in recent years. The yen has fallen around 24 percent against the U.S. dollar over the past 12 months.
Other major financial cities were scattered among the top 50 with Shanghai at 18, Hong Kong at 28, Singapore at 30, Sydney at 31 and New York's Manhattan at 33.
(Read more: Hong Kong has world's most expensive retail space)
Maseru, the capital of Lesotho in Southern Africa, meanwhile, is the cheapest location in the world for international assignees, largely driven by depreciation in the local currency – the loti – which has fallen 23 percent against the U.S. dollar this year.
—By CNBC's Ansuya Harjani; Follow her on Twitter