A Ministry of Commerce spokesperson did not mention any U.S. actions specifically, but it's been a tense couple of weeks for the trade negotiations.World Politicsread more
U.S. stock index futures were lower Thursday morning, as market participants continue to monitor an intensifying trade war between the world's two largest economies.US Marketsread more
British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces increasing pressure from members of her...Europe Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
Chinese government-aligned experts are stressing that the U.S. will need to negotiate a trade agreement with Asia's largest economy.China Economyread more
Escalating trade tensions have hit emerging markets hard this month. With the trade war still a looming fear for markets, Miller Tabak equity strategist Matt Maley is making a...Trading Nationread more
Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
Shares of L Brands, the owner of Victoria's Secret and Bath & Body Works, rose nearly 11% in aftermarket trading Wednesday after the company reported it beat revenue and...Retailread more
The global economy would be hit hard if President Donald Trump decides to impose steep tariffs on imported cars, Citi's Willem Buiter told CNBC on Thursday, with Germany...Autosread more
Shares of Chinese telecommunications heavyweight Huawei's suppliers took a hit on Thursday amid the ongoing fallout surrounding the Chinese telecommunications giant.Asia Marketsread more
Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst.Technologyread more
The next major attack on the U.S. is more likely to come by computers than airplanes, Department of Homeland Security Secretary Kirstjen Nielsen said Tuesday.
"We are in a crisis mode," Nielsen said at a cybersecurity summit in New York. "A cat 5 hurricane has been forecast, and we must prepare."
One way to prepare is to encourage more information-sharing between private sector companies and the government, she said, an idea that has been controversial in the past.
Nielsen said DHS will launch the National Risk Management Center this year to provide "a cross-collaborative approach," connecting government agencies and corporations. The center will be housed at DHS headquarters in Washington and will bring together industry partners to provide a "single point of access to the full range of government activities to defend against cyberthreats."
The government and private corporations have not always cooperated smoothly on sharing threat information. Multinational companies sometimes face backlash in countries where they operate outside the U.S. because of concerns they are sharing local information with U.S. authorities. Some companies are wary of inviting too much scrutiny from the government that could lead to regulatory action or result in handing proprietary or damaging information to industry competitors.
The new risk center is meant to ease some of those fears, and provide a more effective, "crowd-sourced" response to various types of attacks, she said. That would involve taking expertise from various private sector and public cyber professionals.
Nielsen said DHS expects to launch the initiative immediately, and that the agency has also established a new elections task force to help secretaries of states across the country evaluate their security risk in advance of the November midterm elections.
DHS will also introduce a new voluntary supply chain risk management initiative, meant to enlist cybersecurity experts from companies, in cooperation with government agencies, to help hunt down specific security weaknesses.
The new initiatives represent a shift in focus from looking at individual industries to analyzing how particular threats could affect a wider swath of businesses in finance, technology, energy and supply chain. DHS is trying to avoid a single attack that creates cascading problems across these industries and will have to change existing protocols of information sharing so that there's greater collaboration.
Nielsen's comments echoed recent predictions from Dan Coats, head of the Office of the Department of National Intelligence, who recently warned of a "cyber-9/11."