Saudi Arabia has shut down half of its oil production after drones attacked the world's largest oil processing facility in the kingdom.Marketsread more
Yemen's Houthi rebels have claimed responsibility for the attacks, which created a huge fire at a processor essential to global energy supplies.Politicsread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Trailers have become a cult phenomenon. Even short teasers that reveal little about the plot of the upcoming film are headline-worthy. Blogs and forums have become devoted...Entertainmentread more
Thanks to the performance of Beyond Meat, investors who focus on venture-backed tech IPOs have done well this year despite some notable disappointments.Technologyread more
Software company Intuit, maker of tax helper TurboTax, is in its eleventh year of stock gains and up 36% this year.Investingread more
CNBC did a deep dive through the most recent Wall Street research to find stocks with upside potential.Marketsread more
Italy's new government on Thursday approved its use of special powers in supply deals for fifth-generation (5G) telecom services by a number of domestic firms with providers including China's Huawei and ZTE.
The measure was adopted under a law passed by the previous government in July to broaden powers Rome has over companies of national interest.
A government source told Reuters at the time the decision to strengthen Rome's so-called "golden powers" reflected concerns over the potential involvement of Chinese equipment makers Huawei and ZTE in the development of 5G networks.
The United States has lobbied Italy and other European allies to stay clear of Huawei equipment and to also pay close scrutiny to ZTE, saying the vendors could pose a security risk. Both companies have strongly denied any such risk.
The new government, sworn in on Thursday, said in a statement it had imposed "conditions and requirements" in relation to purchases of goods and services for 5G networks made by Vodafone's Italian unit. It gave no further details.
It also imposed undisclosed requirements on accords between Wind Tre, a unit of CK Hutchison, and Huawei — the first time Italy's special powers over 5G networks have affected the Chinese firm.
Italy also said it would exercise special powers over Fastweb's purchases of radio components from ZTE, supply deals signed by Linkem and accords agreed by former incumbent Telecom Italia for systems that could adopt 5G technologies.
The companies involved were either not immediately available or declined to comment, saying they had not yet received any communication from the government.