Chinese vice commerce minister said Monday that Beijing would like the U.S. to cancel "inappropriate" actions against Chinese companies.China Economyread more
Sixteen Asia Pacific countries have been negotiating the Regional Comprehensive Economic Partnership since 2013, with India's reluctance to open up its markets a major...Asia Economyread more
The secretary of State said he was traveling to Saudi Arabia and the United Arab Emirates to make sure that the U.S. is "strategically aligned" with its allies.Politicsread more
Experts say Facebook's cryptocurrency project Libra has been a catalyst for the price of bitcoin going higher.Technologyread more
Goldman Sachs helped state firm 1MDB to raise $6.5 billion in 2012 and 2013, and collected higher-than-typical fees of $600 million for the deals.Financeread more
Value investing has become increasingly irrelevant thanks to central banks and technology, according to AB Bernstein.Investingread more
Indonesian Trade Minister Enggartiasto Lukita said all 16 countries negotiating a mega Asia-Pacific trade agreement should remain in the framework.World Economyread more
Stocks in Asia Pacific traded mixed on Monday afternoon, while oil prices continued to rise as tensions between the U.S. and Iran lingered after the latter shot down an...Asia Marketsread more
His comments come after a series of rapid escalations between Washington and Tehran.World Politicsread more
The U.S. is provoking Iran and growing risks of miscalculation could lead to a "world war," according to Malaysia's Prime Minister Mahathir Mohamad.World Politicsread more
Trump's comments come after he called off strikes against the Islamic Republic this week over concerns that a military response would kill scores of people.Politicsread more
AI, robots and automation could replace humans in the food services industry "by the mid [2020s]," Yum Brands CEO Greg Creed told CNBC on Tuesday.
The Yum executive says his company, which owns several fast-food restaurant brands, including Pizza Hut, KFC and Taco Bell, has already set up automated kiosks in Shanghai, China. In one case a Pizza Hut customer is greeted by a robot, he said.
Still, that doesn't mean humans will be obsolete, he said. "We don't make a lot of things until customers order," Creed said. "I'm not sure we're going to have robots replace people."
But robots are already being used on factory floors around the world, and while they aren't threatening jobs today, Creed says advances in technology will eventually lead to less work. "I don't see it changing people's jobs in the short term."
Creed's assertion is in stark contrast to comments made by Treasury Secretary Steven Mnuchin, who said he is not worried about artificial intelligence displacing jobs for at least 50 to 100 years. Creed told CNBC he disagrees with Mnuchin and believes it will be much sooner.
"I think it's gonna happen," Creed said. "We'll see a dramatic change in how machines run things."
Watch: Role for robots