Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
Microsoft has unveiled a budget, Internet-connected phone under the Nokia brand, which will cost $29, as it steps up its efforts to capture the rapidly-growing emerging market consumer.
The Redmond, WA-based technology giant is billing the so-called feature phone as a chance to tap into users who have never been connected to mobile Internet.
"With our ultra-affordable mobile phones and digital services, we see an inspiring opportunity to connect the next billion people to the Internet for the first time," said Jo Harlow, corporate vice president of Microsoft Devices Group, in a statement.
The Nokia 215 will be released in "select markets" in the Middle East, Africa, Asia and Europe in the first quarter of this year. Microsoft also claims the phone has battery life of up to 29 days.
It comes as the low-end of the market is getting increasingly crowded. As the premium smartphone market – including devices like Samsung's Galaxy range and Apple's iPhones -- begins to mature, manufacturers are looking at ways to capture consumers in developing markets.
As competition increases, cheap phones with Internet connections and quality features will be key, analysts said.
"This has been the expectation in the smartphone market and that is going to bleed into the feature phone market. The Nokia 215 is Microsoft's bid to be a part of that," James Moar, research analyst at Juniper Research, told CNBC by phone.
Microsoft acquired Nokia's devices business last year for 5.44 billion euro ($7.5 billion). Since then, the company has released the ultra-low-cost 19-euro feature phone called the Nokia 130. The U.S. company also released a more expensive smartphone in November, but from the device.
By keeping the Nokia name on its low-end devices aimed at emerging markets, Microsoft can leverage its brand credibility with consumers in those countries who may not be familiar with Microsoft as a phone maker, one analyst told CNBC.
"Nokia globally is a brand based on trust and familiarity," Paul Davies, senior technology analyst at Mintel, said.
"Microsoft has picked the Nokia brand because it doesn't damage the bigger picture of their device strategy. It makes sense for them to have a cheap phone, but to keep it separate from their bigger brand direction in the smartphone category."