Trump's remarks came a day before the Fed was set to announce its next decision on interest rates.Politicsread more
In a tweet, Trump said that he and Xi "had a very good telephone conversation," and that "our respective teams will begin talks prior to our meeting."Politicsread more
China is reducing support for its electric carmakers a move experts and industry insiders warn could lead to consolidation and waning investor appetite. But some of the...Technologyread more
Is your CEO on the list? Glassdoor has the results.Power Playersread more
Joseph Gaspar, the chief financial officer at Elbit Systems, said M&A among firms in the sector began to pick up pace in the 1980s and looks set to continue.Paris Air Showread more
Stocks in Asia rose in Wednesday afternoon trade following positive developments overnight on the U.S.-China trade front.Asia Marketsread more
Signs of companies moving out of Hong Kong have emerged, members of the business community told CNBC following massive protests in the city. But one analyst said Hong Kong's...China Politicsread more
Sen. Josh Hawley, a well-known tech critic, introduced legislation on Wednesday that would remove the immunity big technology companies receive for user-posted content under...Technologyread more
In its new "Future Skills" report, LinkedIn has identified what it calls the 10 "rising skills" of the future and the jobs associated with them.Get Aheadread more
Democratic Rep. Maxine Waters on Tuesday requested that Facebook pause its development of Libra, an upcoming cryptocurrency that the company plans to release in 2020.Technologyread more
Has your CEO won over enough workers in Germany to make the cut? Glassdoor reveals.Power Playersread more
Japanese automaker Honda confirmed Tuesday that it plans to close its Swindon car plant in the U.K., risking the loss of 3,500 jobs.
CEO Takahiro Hachigo said in a press conference Tuesday the decision was part of a global restructuring plan. Hachigo also said that Honda would continue to base its European headquarters in the U.K.
Meanwhile, another official from Honda told BBC radio on Tuesday that the closure was not Brexit-related, according to Reuters.
British government officials have expressed their disappointment over Honda's decision to close its only plant in the U.K.
"The U.K. is one of the leaders in the development of these technologies and so it is deeply disappointing that this decision has been taken now," Business Secretary Greg Clark said, according to Reuters.
"This is a devastating decision for Swindon and the U.K.," Clark said. "This is a commercial decision based on unprecedented changes in the global market."
On Tuesday, Honda said it had informed all of its employees about the proposal to close its Swindon plant.
"Honda of the U.K. Manufacturing has today informed associates (employees) of the proposal to close its Swindon vehicle manufacturing plant, at the end of the current model's production lifecycle, in 2021," it said in a statement.
In an emailed statement to CNBC, a spokesperson for Honda said the challenges due to uncertainties around Brexit remain.
"We still continue to see challenges in the future relating to Brexit. As we have previously mentioned, our desired outcome is frictionless trade between the UK and the EU, access to the right talent and regulatory alignment."
The Swindon factory builds the Honda Civic five-door hatchback and the CR-V crossover for sale in Europe and the U.S.
Honda's Hachigo said Tuesday that the company is not considering possibility of leaving the European market. However, it plans to export electric vehicles made in Japan. China to European markets.