Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
Chinese overseas investment growth will likely slow or even decline in the next few years as risks around the world increase, according to new research by Moody's Investors...China Economyread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing, Reuters reported.Technologyread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
The United States is making great strides toward the goals pledged in the Paris agreement to combat climate change with virtually no help from the federal government, billionaire Mike Bloomberg told CNBC on Tuesday.
The former New York mayor and co-author of the new book "Climate of Hope" said on "Squawk Alley" he hopes President Donald Trump will change his mind about pulling out of the Paris agreement, which was signed last year.
"I hope Donald Trump will listen to some of his staff and become convinced that he should be very pro-environment," he said at BTIG's 15th annual charity day in New York. "I hope he changes his mind and he listens to his daughter, who's supposedly a big advocate of staying the course."
Ivanka Trump and her husband, Jared Kushner, also an advisor to her father, side with Secretary of State Rex Tillerson, formerly CEO of ExxonMobil, to remain in the climate deal. Trump advisor Steve Bannon and EPA Administrator Scott Pruitt want the U.S. to pull out.
The Paris accord, with nearly 200 countries on board, calls for cutting carbon dioxide and other emissions from the burning of fossil fuels, believed to be the cause of climate change.
As part of the deal, the U.S. under Trump's predecessor President Barack Obama committed to reducing its emissions by between 26 percent and 28 percent below 2005 levels by 2025.
"Even if [Trump] doesn't change his mind, it's the private sector that has reduced greenhouse gases. We are two-thirds of the way already towards the targets for 2025 without any help from the federal government," Bloomberg said. "So we're going to make this regardless."
— Reuters contributed to this report.