Democrats such as Elizabeth Warren had their eye on business and the working class during the first 2020 presidential primary debate in Miami.2020 Electionsread more
The issue over health insurance marked the first stark divide among the candidates, and sparked a heated back-and-forth between many of the candidates on stage.Politicsread more
Huawei's legal chief told CNBC that the company makes "solutions for civil use."Technologyread more
Four candidates mentioned China — but none of the Democratic contenders brought up trade in the debate.Politicsread more
In a strategy to draw attention away from Wednesday's Democratic debate, President Donald Trump's reelection campaign bought out YouTube's "masthead," the leading...2020 Electionsread more
The Federal Aviation Administration said on Wednesday that is has found an issue with the Boeing 737 Max that the manufacturer must address before it lifts the grounding...Airlinesread more
The collapse of the deal potentially ended Sinclair's hopes of building a national conservative-leaning TV powerhouse that might have rivaled Fox News.Mediaread more
Virginia Sen. Mark Warner breaks down the idea behind a bipartisan bill he introduced to provide more transparency in Big Tech.Technologyread more
Tesla is working on new battery cell designs, and a way to make their own cells, with R&D teams in a lab near its car plant in Fremont, California.Technologyread more
These attacks have given the public the opportunity to examine the problems associated with ransomware, where corporations -- not obligated to disclose these attacks -- have...Technologyread more
Wi-Fi 6 will be the next-generation wireless standard. Along with 5G, it will represent the next big shift in connectivity and data, said Irving Tan, senior vice president and...Shaping the futureread more
Russian President Vladimir Putin pledged that the country would continue to develop as an open market, but fired a broadside at the U.S. by halting the use of the dollar for trade.
Putin's promise to keep free movement of capital was seen as a signal that Russia's relatively pro-market economic "liberal" faction has gained the upper hand in the struggle for control of the country's moribund economy.
His pledge to start using "national currencies" rather than U.S. dollars, the world's reserve currency, for trade, may be more significant in the long term. The dollar's current status has helped keep U.S. interest rates low and reinforce its status as the world's biggest economy. If Russia (and possibly China, with which it has just signed a $400 billion, 30-year gas deal) stops using dollars, this might have a broader effect on the U.S. economy.
"In the future we aim actively to use national currencies in energy resources trade to settle... international trade accounts, with China and other countries," Putin said.
After days of speculation that Russia may impose capital controls or make other anti-free market measures, Putin reaffirmed the government's commitment to develop as an "open market." He told an audience of business leaders in Moscow that the government would not impose controls on the flow of money in and out of the country, or on currency movements.
Putin also pledged to stick to the standards of the World Trade Organization - but could not resist the suggestion that other members (i.e. those Western companies which have imposed sanctions against Russia) are not. And he promised government help to the companies and industries targeted by sanctions.
A host of the country's most important banking chief executives and policymakers spoke of the need for more structural reform to the economy, instead of short-term monetary stimulus, in Moscow Thursday.
Since Russian economic growth began to falter this year, after investments were pulled from the country and economic sanctions enacted following its clashes with neighboring Ukraine, there has been widespread speculation that hardliners in the administration, led by President Vladimir Putin, may use short term stimulus measures to negate the effect of external factors.
Yet relatively liberal economic voices seemed to have the upper hand during a panel at the Russia Calling investment forum in Moscow.
Alexei Moiseyev, deputy finance minister of Russia, told CNBC: "We are continuing to open up the economy. There are no plans of any kind to close Russia to foreign investors."
Anton Siluanov, Russia's finance minister, its Economy Minister Alexey Ulyukaev, Bank of Russia Governor Elvira Nabiullina, and the chief executives of its two biggest banks, VTB and Sberbank, presented a united front on the issue.
They emphasized the importance of Russia getting its own house in order, rather than blaming external factors like sanctions.
"People know you cannot bend the rules of physics but think you can bend the rules of economics, you cannot do this," Herman Gref, chief executive of Sberbank, said at the panel.
"When winds are strong it is foolish to build a fence, you should build a windmill."
Some of the temporary "fences" could include imposing capital controls to halt the free movement of money in and out of Russia, further bolstering the ruble using government funds, and tapping the country's oil reserve fund to back up Russian industry.
Nabiulliana warned the economy "may not be ready" for economic stimulus without structural reforms.
"Workers get paid but output is quite low. Therefore the situation in the labor market cannot be impacted by monetary policy," she said.
"We need to focus on improving human capital."
Siluanov said: "There is no need to re-invent the wheel, other countries have tried spending and loose monetary policy and it only offered short term respite.
"We need structural reforms, those who have implemented structural reforms have been the winners."
- By CNBC's Catherine Boyle, and Patrick Allen in Moscow.