SoftBank founder Masayoshi Son speaks in futuristic terms about his company, but the success of his late-stage VC fund is still unknown.Technologyread more
Reports of Tesla vehicles spontaneously catching fire could make customers wary of EVs just as the industry ramps up production plans.Autosread more
Amazon's large and flashy investments stand out from those of its tech peers over the past year.Technologyread more
Huawei Technologies will immediately lose access to updates to the Android operating system, a source close the matter told Reuters.Technologyread more
Consumer IPOs from Snap to Uber have been disappointing and serve as a reminder that private investors are making all the money.Technologyread more
The 2019 PGA Championship wraps up on Sunday, May 19. Here's how much money the champion will earn.Earnread more
China's currency has been an important barometer for progress in U.S.-Chinese trade talks, and right now it's signaling things aren't going well.Market Insiderread more
The move comes after star runner Alysia Montaño's May 12 op-ed in the New York Times in which she detailed her experiences with Nike.Business Newsread more
While the prolonged fight has been devastating to an already-struggling agriculture industry, there's little indication Trump is paying a political price.Traderead more
The outrage has even inspired a Change.org petition called "Remake Game of Thrones Season 8 with competent writers," with over half-a-million signatories and climbing.Entertainmentread more
The company's comments Friday come after the White House said U.S.Trade Representative Robert Lighthizer will "address the threatened impairment" of national security from...Autosread more
Rising trade tensions and "protectionism" in trade policies are a risk for the global energy outlook, Russia's energy minister said.
"Lately we've seen that highly competitive markets are demonstrating certain so-called trade wars," Russian Energy Minister Alexander Novak said on Wednesday as he participated in a CNBC-moderated panel on the global gas market in Moscow.
"We see the measures of protectionism being used and certainly all of it creates the risks of uncertainty generally, not just for the gas and liquefied natural gas (LNG) market but generally risks to the energy security and energy efficiency and supplies of energy fuel to consumers. "
Novak was speaking at a CNBC-moderated panel on the global gas market at Russia Energy Week event in Moscow. His comments come as trade tensions between the U.S. and China hit an all-time high, with both superpowers levying billions of dollars' worth of tariffs on each other's imports in what has been described as a "trade war."
He told the audience, and fellow panel members including Qatar's energy minister and Gazprom's deputy chairman, that gas consumption was set to rise.
"According to expert assessments, the general consumption of energy in the world, by 2040, will increase by a further 30 percent, compared to the current level," he said, calling the increase "a huge figure that will definitely require different sources of energy."
Gas will have one of the leading roles together in this general increase of consumption, as well as "the growth in use of renewable resources."
He said the share of gas as part of the wider energy mix will increase from 23 to 26 percent. LNG is a form of the fuel super-chilled to liquid so it can be shipped more easily and safely.