Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
Tensions between the two parties have heightened in recent months as the campaign for seats in the Brussels and Strasbourg-based parliament has crescendoed.Europe Politicsread more
Shares of Saudi shopping mall operator Arabian Centres were trading at 26.1 riyals ($6.96) per share just after 10 a.m. in Riyadh.IPOsread more
There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a top EU official said.Politicsread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Indian Prime Minister Narendra Modi's likely return to power for a second term will likely be positive for his country's growth, according to economists and investors.Asia Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
SpaceX president and COO Gwynne Shotwell called for deregulation as space industry executives met with White House officials Thursday at the first National Space Council since it was disbanded in 1993.
"If we want to achieve rapid progress in space, the U.S. government must remove bureaucratic practices that run counter to innovation and speed," Shotwell said.
With Vice President Mike Pence and other space executives focusing on the broader goals of American leadership in space, Shotwell honed in on the grittier regulatory details of the status quo. She says that SpaceX is "working well" with the Federal Aviation Administration. Yet she quickly gave a caveat, saying "it requires heroics" for vehicle operators to adjust rocket launch licenses.
"You have to basically apply for a new license" if an operator makes a change like switching launch pads at a spaceport, Shotwell said.
Among those in the audience was George Nield, leader of the FAA's Commercial Space Transportation office, who told CNBC on Sept. 13 that he is working to resolve the enduring conflict between aircraft and spacecraft. He said the FAA is targeting this integration, but "the reality will be an evolution."
SpaceX wants that licensing process streamlined so it can launch more frequently. This year it has successfully completed 13 of 13 launches, which Shotwell said "is more than any nation."
But Shotwell criticized the amount of time it takes to apply, saying the process takes six months "and then you re-apply at 90 days, 30 days, and then 15 days to file a flight plan."
SpaceX wants the National Space Council to hearken back to NASA's commercial orbital transportation services program, or COTS. Shotwell said the program offered a "firm fixed price pay for performance" with "competitive principles." COTS allowed NASA to "rapidly yield two new spacecraft and two new rockets," Shotwell said.
"Regulations written decades ago must be updated to keep pace with the new technologies and the high cadence of launch from the United States if we want a strong space launch industry here at home," Shotwell added.
She, like the other executives, stopped short of reiterating Pence's statement that America has "lost our edge in space." Instead, Shotwell remained focused on the present.
In fact, Shotwell believes SpaceX is bringing back the dominance U.S. experienced in space in the 90s, an idea repeated by the executives of Lockheed Martin, Boeing, Orbital ATK, Blue Origin and Sierra Nevada Corporation also in attendance.
"America is out-innovating the rest of the world in space launch," Shotwell said. She repeated SpaceX's plan to carry American astronauts to space next year.