The combined business would be owned 50/50 between shareholders of FCA and Groupe Renault.Autosread more
Pro-EU parties are set to hold onto two-thirds of the seats at the EU Parliament.Europe Politicsread more
The U.S. is showing signs of targeting China's domestic surveillance and the tech supporting it.Technologyread more
Smartphone users in Singapore, the U.K. and China told CNBC's "Beyond The Valley" that foldable smartphones are "very strange," "super bulky," and expensive compared to the...Technologyread more
The result comes shortly after Conservative Party leader Theresa May announced her resignation as prime minister on Friday morning.Europe Politicsread more
Investors are largely focused on results of the EU parliamentary elections. Euroskeptic parties in Britain and France made solid gains.Europe Marketsread more
Former Apple CEO John Sculley says this skill is vital to all great business leadership.Successread more
A Beijing decision to rapidly and sharply cut its excessive and unsustainable trade surplus with the U.S. would change for the better the bilateral relationship, writes...World Economyread more
Prime Minister Narendra Modi has to make sure that India becomes a highly competitive manufacturing hub where global investors will look to invest, the chairman of India...Asia Economyread more
U.S. President Donald Trump said Monday he expects to get the trade gap with Japan "straightened out rapidly," adding that announcements on that could come as soon as August.World Economyread more
Bitcoin surged more than 9% from the day before to hit its highest level in more than a year.Technologyread more
Trade talks between the U.S. and China are now in the final stages, said U.S. Treasury Secretary Steven Mnuchin, ahead of this week's meeting in Beijing between negotiators from both sides, according to a New York Times report.
"We're getting into the final laps," the report quoted Mnuchin as saying, in an interview at the Milken Institute Global Conference in Los Angeles.
"I think both sides have a desire to reach an agreement," Mnuchin said, according to the New York Times report. "We've made a lot of progress."
According to the report, Mnuchin said that while both countries are nearing a deal, the negotiations are reaching a stage where either an agreement could happen — or it could end without a deal.
Mnuchin, together with U.S Trade Representative Robert Lighthizer, have been trying to negotiate a deal with Chinese representatives amid a protracted trade war between the world's two largest economies. Both sides have met several times in a bid to hammer out a deal to end their trade differences. The talks so far have focused on a range of issues, including forced technology transfer and structural reforms.
Both Mnuchin and Lighthizer will head to Beijing for talks that start on April 30, Press Secretary Sarah Huckabee Sanders said in a statement last week. They will meet with Chinese Vice Premier Liu He.
According to the Times report, Mnuchin did not want to say if the talks would conclude by the end of June, but only that both economic powerhouses desire to have an agreement.
He also declined to say if a collapse in negotiations would cause Trump to inflict more tariffs on China, the Times said in the report.
The U.S. and China have been embroiled in a trade dispute since last year that spooked world markets and hurt global growth. The Trump administration imposed levies on $250 billion of Chinese goods, and China retaliated by placing its own tariffs on $110 billion of American products.
— CNBC's Joanna Tan contributed to this report.