UBS announced a net profit of $1.4 billion for the second quarter of 2019.Earningsread more
Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
Michael Kugelman from the U.S.-based Wilson Center says other issues take precedence in the bilateral dialogue between the United States and Pakistan — namely, Afghanistan and...Asia Politicsread more
Beijing says it can still meet its 2019 growth target of between 6% and 6.5% and continues to roll out stimulus measures to prop up activity. China set a 2019 industrial...China Economyread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Stocks in Asia Pacific edged up on Tuesday afternoon, as investors await closely-watched central bank meetings in the coming days.Asia Marketsread more
More than half of Venezuela's 23 states lost power on Monday, according to Reuters witnesses and reports on social media, a blackout the government blamed on an...World Politicsread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Britain's Antstream is jumping into the cloud gaming battle with a streaming platform for retro titles. And Tencent just backed the company.Technologyread more
U.S. President-elect Donald Trump called on Thursday for the country to expand its nuclear weapons capabilities until the world "comes to its senses" — a signal he may support costly efforts to modernize the aging U.S. nuclear arsenal.
During the next decade, U.S. ballistic missile submarines, bombers, and land-based missiles — the three legs of the nuclear triad — are expected to reach the end of their useful lives.
Maintaining and modernizing the arsenal is expected to cost at about $1 trillion dollars over 30 years, according to independent estimates.
"The United States must greatly strengthen and expand its nuclear capability until such time as the world comes to its senses regarding nukes," Trump said in a post on Twitter.
Trump, who is at his Florida resort for the Christmas holiday, gave no details about what prompted his tweet. Representatives for his transition team did not immediately respond to a request for comment.
Trump, who won election on Nov. 8 and takes office on Jan. 20, campaigned on a platform of building up the U.S. military, but also pledged to cut taxes and control federal spending.
Trump met on Wednesday with a dozen Pentagon officials involved with defense acquisition programs, as well as the chief executives of Lockheed Martin and Boeing, the country's two largest defense contractors.
Trump said he talked with the CEOs about lowering costs for two high-profile programs: Lockheed Martin's F-35 fighter jets and Boeing's replacement 744-8s for the presidential Air Force One plane.