Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
Software engineers straight out of college often make six-figure salaries, not counting equity compensation.Technologyread more
Wall Street, though, is clamoring for a rate cut, with an 85% chance of a move in July and a 61% probability of three reductions by year's end.The Fedread more
A company spokesperson said the outage was the result of a "an internal technology issue" and was not security related.Retailread more
The flattening of the yield curve is exuding a bad omen for the stock market if history is any guide.Marketsread more
Using MIT's living wage calculator, CNBC Make It mapped out the minimum amount a single parent must earn to meet their basic needs without relying on outside help in every...Earnread more
Hong Kong Chief Executive Carrie Lam announced at a press conference on Saturday that a contentious bill to allow extraditions to mainland China has been put on hold.China Politicsread more
Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC.Investing in Spaceread more
Transparency is key… or is it? With the first-ever non-transparent, actively managed exchange-traded fund receiving approval from the SEC, "ETF Edge" goes straight to the...ETF Edgeread more
Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show.Airlinesread more
A new update to the Apple Watch called watchOS 6 will notify you if the environment you're in is too loud and could damage your hearing.Technologyread more
Huawei is reportedly developing self-driving cars in partnership with various automakers as part of a push into artificial intelligence.
Two other Chinese firms, Beijing New Energy Automobile and Changan Automobile, are also collaborating with the company, the newspaper reported.
Dang Wenshuan, Huawei's chief strategy architect, told the newspaper that the firm and its partners are working to build a car that can be shipped as early as 2021. He said the car would be available in Europe as well as China.
Industry standards for self-driving vehicles identify the levels of autonomy an automobile is able to reach. For Huawei's, it would be Level 4, which is the second-highest standard in the framework.
The FT says it was shown a video of an Audi vehicle powered by Huawei's AI tech at the firm's headquarters in Shanghai. The vehicle contained a driver, it said, but the steering wheel and controls were untouched.
Huawei couldn't immediately be reached for comment.
The company has come under intense pressure from Washington amid the U.S.-China trade war. The Trump administration recently added the company to a trade blacklist, which has led to multiple suppliers distancing themselves from the firm.
Earlier on Wednesday, the firm said it had cancelled the launch of its new Matebook laptop as a result of being barred from doing business with American suppliers.
U.S. officials are concerned the telecommunications giant's network gear could be used to enable Chinese espionage, a claim the company denies. An executive for Huawei recently told U.K. lawmakers the company is "independent" and would never share network data with Beijing.
Read the full article here.
Correction: This article has been amended to reflect the fact that Huawei's cooperation is with China's GAC Group, not a joint venture between GAC and Japan's Toyota.