Hours after President Trump said Sunday he had "second thoughts" about escalating the trade war with China, the White House sought to explain his remark because it was...Politicsread more
Clouding the G-7 gathering, which represents the world's major industrial economies, are the tit-for-tat tariffs between Washington and Beijing.Politicsread more
President Donald Trump said that he would have a major trade deal with U.K. after it leaves the European Union.Politicsread more
Despite Kudlow's expectations, China said on Saturday that it strongly opposes Trump's decision to levy additional tariffs on $550 billion worth of Chinese goods, and warned...Politicsread more
President Donald Trump said Sunday he was not happy after North Korea launched short-range ballistic missiles over the weekend.Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
President Donald Trump approved payment of a $2 million bill issued by North Korea for the care of American citizen Otto Warmbier, who returned to the U.S. in a coma days before he died, The Washington Post reported on Thursday.
North Korea had insisted on a U.S. pledge to pay the hospital bill before Warmbier was allowed to fly out of Pyongyang in June 2017, according to The Post.
Acting on instructions received from Trump, U.S. State Department Envoy Joseph Yun — who was sent to bring Warmbier back to the U.S. — signed an agreement to pay the bill from Pyongyang, the newspaper reported, citing two people familiar with the situation.
The bill remained unpaid throughout 2017, The Post reported, citing the two sources. On Friday, Trump himself tweeted that "no money was paid to North Korea for Otto Warmbier."
Previously, the White House declined to comment specifically on the reports of the $2 million agreement.
"We do not comment on hostage negotiations, which is why they have been so successful during this administration," press secretary Sarah Sanders said in a statement to CNBC.
Warmbier, a University of Virginia student, was sentenced to 15 years of hard labor in 2016 after he was caught removing a propaganda sign from a Pyongyang hotel. His actions were considered a "hostile act against the state," according to the North Korea's official KCNA news agency.
On the night he was sentenced, he fell into a coma for unknown reasons, The Post reported. Warmbier died days after his return to the United States in 2017.
Yun, who retired in early 2018, told CNN on Thursday he had strict orders — which he believes came from Trump — to "get him (Warmbier) out." He also said money had been handed over to North Korea in previous instances and were justified as "hospital costs."
However, Trump had previously said his administration paid North Korea "nothing" in exchange for American hostages to be released. "I got back our hostages; I never paid them anything," he said during a September news conference.