European Central Bank President Mario Draghi defended the tools that the organization has available.Europe Newsread more
According to China's top economic planning body, some local companies are cutting back on their efforts to hire new university graduates.China Economyread more
German Chancellor Angela Merkel has presided over a tumultuous recent period, which for many, has left Europe on the brink.Commentaryread more
Tensions between China and the U.S. are threatening to slow global trade further, threatening some Asian economies.Asia Economyread more
U.S. President Donald Trump's former campaign chairman Paul Manafort was transferred to a detention facility in Manhattan on Monday ahead of an expected arraignment on state...White Houseread more
Airbus recorded orders and options for 123 planes, according to the aviation consulting firm IBA.iQ.Paris Air Showread more
Markets in Asia were mostly higher on Tuesday as investors awaited the start of a closely-watched meeting by the U.S. Federal Reserve, set to kick off later stateside.Asia Marketsread more
Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Chinese President Xi Jinping will travel to North Korea this week for a two-day visit, ahead of a possible meeting between Xi and President Donald Trump at next week's G-20...Politicsread more
The Pentagon said that the crew of one of the tankers, the Japanese Kokuka Courageous, found an unexploded limpet mine on its hull following an initial explosion.Politicsread more
China's Alibaba Group on Tuesday said its chief financial officer, Maggie Wu, will oversee the firm's strategic acquisitions and investments unit, as part of a business and...Technologyread more
(Adds details, background on prior panels disbanding)
Feb 13 (Reuters) - The chief executives of Apple Inc , Walmart Inc, IBM Corp and other major companies are joining a Trump administration advisory board that hopes to prepare U.S. workers to deal with job training issues and the worforce shift brought by artificial intelligence and automation, the U.S. Commerce Department said on Wednesday.
President Donald Trump signed an executive order in July creating the 25-member board, co-chaired by adviser Ivanka Trump and Commerce Secretary Wilbur Ross, to address workforce issues including "automation, and artificial intelligence that is shaping many industries." Other chief executives joining the board are those of Lockheed Martin Corp, Siemens USA , Home Depot Inc and Visa Inc.
The board members will serve until 2020 and will work with the administration's National Council for the American Worker "to develop and implement a strategy to revamp the American workforce to better meet the challenges of the 21st century."
Trump's executive order said "for too long, our countrys education and job training programs have prepared Americans for the economy of the past."
Ivanka Trump said in a statement the administration wants "all Americans to have the skills and opportunities to secure good paying jobs and successfully navigate technological disruptions and the rapidly changing nature of work."
Also joining are the chief executives of the Chamber of Commerce and National Association of Manufacturers, as well as the governors of Iowa and Indiana.
On Tuesday, the Bureau of Labor Statistics said U.S. job openings reached a record high in December at 7.3 million. The White House says the job openings present "a mismatch between the skills needed and those being taught, requiring immediate attention to help more Americans enter the workforce."
In August 2017, Trump disbanded two high-profile business advisory councils after numerous chief executives quit in protest over his remarks blaming violence in Virginia on anti-racism activists as well as white nationalists.
Trump dissolved the American Manufacturing Council and the Strategic and Policy Forum after eight executives, including the CEOS of Campbell Soup Co and 3M Co, quit the panels. Both councils were moving to disband on their own when Trump made his announcement on Twitter. (Reporting by David Shepardson Editing by Chizu Nomiyama and David Gregorio)