Cyberattacks against accounting software firm Wolters Kluwer and the City of Baltimore in May showed how the newest wave of malicious hacking can have significant, often...Technologyread more
The European parliamentary election is the second largest democratic exercise in the world.Europe Newsread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
New Zealand's relationship with China had become "too transactional" in recent years, but it needs to be able to raise concerns with Asia's superpower, according to former New Zealand Prime Minister Helen Clark.
Speaking to CNBC at the Asian Development Bank's annual meeting in Fiji, Clark was reflecting on how New Zealand-China relations had become strained after Chinese tech giant Huawei was temporarily banned from participating in the country's rollout of 5G — a new generation of mobile network that's set to bring about a variety of tech innovations.
"Before the government of (current Prime Minister) Jacinda Ardern, the relationship had probably become rather too transactional, very focused on material benefit," Clark said in a Friday interview with CNBC at the Asian Development Bank's annual meeting in Fiji.
During her tenure leading the country, from 1999 to 2008, she said she was able to broach tough subjects with Beijing when visiting the country — her administration "always kept the space where we could raise issues of concern."
"A small Western democracy has to be able to raise those issues, and of course the Chinese will respond, and there will be a robust response," she told CNBC. "But you never want to limit your freedom as a country to be able to raise issues that are on your mind."
Clark emphasized the need for New Zealand to keep its foreign policy position — which she described as "very much of a small country with its own values that will speak its mind when it needs to" — in the "China relationship story."
"When (New Zealand) speaks, no one thinks: 'Who are they speaking for?' No. New Zealand speaks for itself," Clark said.
On the trade front, Clark said it is "incredibly important for New Zealand to keep a very broad basket of trading relationships" so it does not become "overly dependent on any country, regardless of who it is."
China is currently New Zealand's top export partner and accounts for a significant stake in the economy.
New Zealand's sales of goods and services to Beijing in 2018 amounted to $11.21 billion — more than that of neighboring Australia.
Wellington and Beijing are currently in negotiations to update their bilateral free trade agreement signed in 2008. According to Clark, those talks "may not be a quick story."
"It's always nice to have agreements upgraded, but it's a question of who wants what," she said. "There may well be bottom lines that New Zealand can't accommodate, and there may be bottom lines China can't accommodate."
"I don't think these things should be rushed, just let them take their course, and if a better deal can be negotiated, great," Clark added. "If it can't, put it on hold and look at it again later."