Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread 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
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread 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
Kudlow also said that he still expected Chinese negotiators to meet with Trump administration officials in Washington in September to continue trade talks.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Apple CEO Tim Cook has found the "recipe" for a positive relationship with the president, management expert Jeffrey Sonnenfeld told CNBC on Thursday.Politicsread more
Those charged with stealing money from sovereign wealth fund 1Malaysia Development Berhad will get a fair trial, including former leader Najib Razak, Malaysian Prime Minister Mahathir Mohamad said Monday.
"We believe in the rule of law. Whatever the law says, we accept," Mahathir told CNBC's Sri Jegarajah in response to a question about whether Najib can be guaranteed a fair trial.
"I must admit that, in the previous regime, there is an attempt to fiddle with the judiciary. But we want a free judiciary and we hope that they will not be biased," said the prime minister.
Najib has been charged with money laundering offenses in relation to the disappearance of billions of dollars from 1MDB. The person said to be at the center of the scandal, Malaysian financier Low Taek Jho, has not been located.
The scandal involved money being illegally transferred across shell companies and individual bank accounts in many countries. The U.S. Department of Justice previously alleged that Najib received $681 million from proceeds misappropriated from a bond issue arranged by Goldman Sachs in 2013.
The case has been investigated in at least six jurisdictions. In one of the latest developments, the Department of Justice unsealed an indictment a few weeks ago accusing Low and an associate of laundering billions of dollars embezzled from 1MDB.
Najib's involvement in the scandal was said to be part of the reason behind Mahathir's return to politics to go against his former party. The 93-year-old leader was Malaysia's prime minister from 1981 to 2003 before returning to power this year in a historic election victory that ended the rule of the Najib-led Barisan Nasional.
Najib said that the 1MDB-related charges brought against him were politically motivated — a claim that Mahathir denied to CNBC.
"If he has to be trialed, he should be trialed. If he's charged and he's found guilty, then the rule of law will apply. If he's found innocent, then the rule of law will also apply," Mahathir said.