U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Boris Johnson will be meeting President Donald Trump to discuss a potential post-Brexit trade deal just as he tries to court EU leaders for a new withdrawal agreement.World Politicsread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Accountants in Hong Kong took to the streets on Friday to call for the government to accept five demands of the people, including the complete withdrawal of a now-suspended...China Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Bank Indonesia on Thursday cut its key policy rate by 25 basis points to 5.5% to support growth amid an increasingly fragile global economy.Central Banksread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The office has long been a breeding ground for budding romances. But actively going into business with your other half is another thing entirely.Successread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Britain's Marks & Spencer on Wednesday reported a 5.3 percent fall in first-half profit, a second straight decline, hurt by sales falls, and said it would speed up the pace of its turnaround plan.
M&S, one of the best known names in British retail, said it would accelerate its space rationalisation plan for clothing and homeware and reposition its food business, including slowing its opening plan for Simply Food stores.
The group made a pretax profit before one-off items of 219.1 million pounds ($288.18 million) in the 26 weeks to Sept. 30.
That was ahead of analysts' average forecast of 201 million pounds but below 231.3 million pounds made in the same period last year.
Second-quarter clothing and homeware like-for-like sales fell 0.1 percent, having fallen 1.2 percent in the first quarter. Same store food sales fell 0.1 percent, the same as the previous quarter.
"I think the biggest challenge is how do they react to the digital and online world … And most of the U.K. retailers have been quite slow to adapt," Nigel Wilson, CEO of Legal & General, told CNBC Wednesday.
"Clothing has been a huge problem for them for a lot of years and they have got to serve up better products to their customers. We see lots of competitors in the U.K. doing a better job of that right now," he added.