President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday.Bondsread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
The cabin baggage ban on laptops and tablets on some direct flights to both the U.S. and U.K. has been questioned over its fire safety by one airline analyst.
In the United States, the ban affects planes coming from airports in Egypt, Turkey, Kuwait City, Qatar, Morocco Jordan, Saudi Arabia and the United Arab Emirates.
John Strickland, an aviation expert, and director at JLS Consulting, said Thursday that there was a real danger to loading a plane's hold with lithium battery items.
"If these batteries are damaged they could have this thermal runaway fire and that itself is a security challenge of a different kind that the airlines would have to wrestle with," he said.
Last year the UN aviation agency blocked cargo shipments of lithium-ion batteries, used in many such electronic devices, from being carried in the cargo holds on passenger planes.
Strickland added the fact that the European Union has not followed suit, raised questions over the ban's efficacy.
"Why are we not getting a follow through in Europe? Because there are other itineraries that customers can follow.
"And if they still wish to achieve a terrorist aim they can do it," he said.
Strickland claimed some airlines are already advertising that on their flights people do not have to pack away their electronic items.
He said business travelers from the Gulf to the United States will likely live with the ban, but those travelling via Asia may look for other routes and airlines will be sensitive to that.
"I wouldn't overplay that right now, but it is something airlines will be watching on their bookings, minute-by-minute, and hour-by-hour."
Virgin founder and billionaire entrepreneur Richard Branson told CNBC Thursday that airlines must obey the rules, though he questioned the U.S. government motive.
"Airlines just have to do what they are told and we just have to hope that people who make up these rules have good reasons to do so because the rules that were laid down by the American government on a number of airlines yesterday were slightly strange in that they only affected foreign airlines they didn't affect American airlines.
"I just wondered whether there might be more to it than met the eye," Branson told Squawk Box Europe.
The International Air Transport Association (IATA), which represents most of the world's major airlines, hinted the electronics ban may not have been thought through.
"Safety and security are the top priority of everyone involved in aviation," it said Tuesday.
"Airlines comply with government requirements and they can do this most effectively when measures are well coordinated."
One further concern is compensation for any damage of traveler items placed in the hold.
Most travel insurance policies offer strict upper limits on the amount they would pay out.
Research by U.K. consumer rights magazine Which? found that five major travel insurance companies in the U.K. did not cover "valuables" placed in the hold for loss, theft or damage.