American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
The high-end tire maker Pirelli saw a difficult comeback to the stock market on Wednesday, but its CEO told CNBC that it's too early to fully assess the reaction from investors.
Speaking to CNBC after Pirelli's market debut, CEO Marco Tronchetti Provera promised to deliver margin growth of 9 percent until 2020.
"I think the market needs to be seen in the next weeks and months. For sure we're going to deliver good results," he said.
The stock started trading below its issue price of 6.50 euros ($7.54) per share on Wednesday morning. This isn't the first time the firm known as the "Prada of tires" has been listed. The stock was de-listed in 2015 after the Chinese firm ChemChina bought a majority holding in the company.
Marco Tronchetti Provera is set to continue on the helm of Pirelli until 2020. "Someone within the team will be the one that will drive the company," he told CNBC about his future replacement.
Wednesday's IPO (initial public offering) is seen as a test for Chinese investment in Europe. Pirelli's parent firm ChemChina bought the Swiss company Syngenta for $44 billion in early 2016 and it said at the time that it would be listing the chemical company in a few years.
However, there are concerns over ChemChina and Syngenta's debt. Standard & Poor's said in August that Chinese regulators could have to step in to help Syngenta with its liabilities, the Financial Times reported. But China has already denied any direct support.