Andrew Gillan of Janus Henderson Investors says he likes markets in the Philippines and Indonesia, and explains why it's difficult to invest in Vietnam despite its...Investingread more
China has other "weapons" in its trade battle with the United States — and selling off its U.S. Treasury holdings will not be one of them, said Richard McGregor, senior fellow...China Economyread more
Deutsche Bank Wealth Management's global chief investment officer predicted the Federal Reserve will cut interest rates twice in the next 12 months, but chances of a four-time...US Economyread more
Google's services have been blocked in China for several years, but the company still has businesses there, as the tech giant seeks to sell products to Chinese firms in...Technologyread more
Netflix can sustain its lofty valuation only if global subscriber growth can support increasing content spending and debt.Technologyread more
Germany online bank N26 said it raised a huge $170 million in additional funding, valuing the six-year-old fintech start-up at $3.5 billion.Technologyread more
Stocks in Asia traded lower on Thursday afternoon. Australia's jobs data showed the net number of jobs created was far below expectations.Asia Marketsread more
The House voted to table a resolution to start impeachment proceedings against President Donald Trump introduced by Rep. Al Green.Politicsread more
A photo editing app has introduced a few new wrinkles to the faces of celebrities — and to the ongoing discussion around personal digital security, NBC reports.Technologyread more
Property price gains across the wider U.K. have been slowing since 2016, according to the U.K.'s Office for National Statistics.Real Estateread more
The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and...World Economyread more
Google has set aside its controversial push to launch a censored search service in China, according to a new report by The Intercept, which first broke news of the project this summer.
Alphabet's latest move comes after hundreds of employees protested the project, known as Dragonfly, and would reflect another response on the part of executives to internal disagreement with company plans. Earlier this year Google said it would not renew a government contract related to artificial intelligence, after employees spoke out against the work.
Following years of being absent from China's web search market, Google had wanted to launch the Dragonfly product in early 2019, although now, amid outcry inside and outside of Google, the pressure seems to have caused leaders to "shelve it at least in the short term," said the report, which cited two unnamed sources. Many Google engineers working on the project have reportedly been reassigned to projects related to Brazil, Indonesia, Russia and other countries.
A Google spokeswoman told CNBC in an email that it still wants to serve Chinese users.
Last week Google CEO Sundar Pichai responded vaguely to questions about the Dragonfly project in a Congressional hearing. "Right now, we have no plans to launch search in China," he said.
Read the full report here.