Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
The potential deal would shift Neumann's already diminished voting power to the Japanese conglomerate, according to the Journal.Technologyread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
On Friday, Zedd tweeted about the ban, and CNBC verified the claim with his publicist on Saturday.China Politicsread more
Hunter's vows to forgo any foreign work follow a slew of unsubstantiated attacks by President Donald Trump accusing him of corruption.Politicsread more
Apple, the company that created the modern-day smartphone, is relying on technology customers are already extremely familiar with, like cameras, and taking a backseat when it...Technologyread more
Palantir, the big data start-up that began life catering for the intelligence services, is raising funds at a $20 billion valuation, more than doubling its worth in a year and a half.
The CIA-backed company is fundraising as its bookings — forward revenue — have more than doubled this year, according to a person familiar with the matter. The investors participating in this round are not known.
The fundraising would make Palantir one of the most valuable private companies in Silicon Valley — behind Uber, which is seeking a $50 billion valuation, according to other people familiar with the matter, but more than Snapchat, which was last raising funds at a $16 billion valuation.
Palantir has moved beyond its original business of providing intelligence and analytics to government agencies, which won it initial funding from In-Q-Tel, the CIA's not-for-profit venture capital firm.
It is now selling its software globally to industries from banking to the media. It offers anti-fraud services, warnings about insider trading threats and programs to accelerate research and development in pharmaceuticals.
The company raised money at a $9 billion valuation in December 2013, according to people familiar with the matter, and is reported to have been valued at roughly $15 billion late last year.
Palantir is one of a new generation of highly valued start-ups in Silicon Valley that are remaining private for longer. The 11-year-old company was founded by chief executive Alex Karp; Peter Thiel, the ex-PayPal venture capitalist; Joe Lonsdale, now at VC firm Foundation 8; Nathan Gettings; and Stephen Cohen.
Mr Karp said in 2013 that the company would not pursue an initial public offering because it would make running a company like Palantir "very difficult".
Investors include Mr Thiel's Founders Fund, 137 Ventures, and Reed Elsevier Ventures. The fundraising was first reported by BuzzFeed.
Palantir has denied that its Prism product, which it licenses to the financial industry for research, is the same as the US government program of the same name that was exposed by NSA whistleblower Edward Snowden.