Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
The U.K. has said it would strongly support Zimbabwe's re-entry into the Commonwealth, a 53-nation bloc of former British colonies that could bring economic benefit to the once-pariah African state.
British Foreign Secretary Boris Johnson and his Zimbabwean counterpart Sibusiso Moyo met Friday at a roundtable at the Commonwealth Heads of Government Meeting in London.
"The U.K. would strongly support Zimbabwe's re-entry" into the Commonwealth, a press release from the U.K. Foreign and Commonwealth Office said.
"The historic meeting ushers in a new era in U.K.-Zimbabwe relations and symbolizes Zimbabwe's commitment to engaging meaningfully with the international community."
The meeting signifies the latest step in Zimbabwe's attempt to reinstate its relationships with other countries, after decades of international isolation under former President Robert Mugabe.
Mugabe, who ruled the former British colony for nearly four decades, was ousted in November as part of a military coup. He was succeeded by President Emmerson Mnangagwa, formerly Mugabe's deputy.
Mnangagwa has been trumpeting a "Zimbabwe is open for business" mantra in an attempt to resurrect the nation's economy, which has been crippled by hyperinflation and sanctions. He attended the World Economic Forum's summit in Davos, Switzerland, in January, and penned an editorial for The New York Times in March.
Mugabe withdrew Zimbabwe from the Commonwealth in 2003 in a row over sanctions.
"While Zimbabwe has made impressive progress, there's still much to do," Johnson said in the statement. "We must remember democracies are not made in a day."
Mnangagwa has promised a free and fair election in Zimbabwe in July, and has said that he will invite international observers to the event. Johnson described the expected vote as a "bellwether for the direction of a new Zimbabwe."
Re-engagement with the Commonwealth "will pressure Mnangagwa to implement reforms, which in turn will help to convince potential funders, such as the Paris Club donors and multilateral lenders such as the IMF, to approve new financing, " William Attwell, practice leader for sub-Saharan Africa at research firm Frontier Strategy Group, told CNBC via email.
"Zimbabwe will also benefit from Commonwealth-linked development programs, for instance on youth skills development" and "use its membership as a platform to forge trade linkages with some of the world's fastest-growing economies such as India," he added.
The U.K. is currently providing £91 million in aid to Zimbabwe for the 2017/18 financial year, including an additional £5 million announced in February to support free and fair elections in the country.