Business

The pan-European Stoxx 600 closed provisionally 0.37 percent higher with the majority of different sectors in buy mode. The media sector was the worst performer in late morning trade, down by more than 1 percent. That basket was not helped by news that Ford was trimming its business with advertising conglomerate WPP. Among household goods,
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General Motors (GM) has reached a new wage agreement with labor unions in South Korea as the regional unit’s board delayed its decision to file for bankruptcy protection. The deal opens the door to the loss-making unit finding more support from the Korea Development Bank and a fresh cash boost from the South Korean government.
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General Electric shares rose as much as 7 percent Friday after the Dow component’s upbeat first-quarter earnings. But few – if any – on Wall Street are calling it a comeback. “There’s absolutely no change to our thesis here,” J.P. Morgan analyst Stephen Tusa told CNBC’s “Squawk on the Street.” Tusa said GE’s overall number
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The stakes are high for Apple as it fights to keep its place as the most valuable public company in the business world. The iPhone giant reports quarterly earnings on May 1, by which time iPhone X sales should be baked in to its results. Apple doesn’t usually release sales numbers of individual models. The
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European leaders can build trust and fight populist threats by touting the economic benefits of closer integration, Italian Finance Minister Pier Carlo Padoan said Thursday. In a CNBC Facebook Live interview at the World Bank and International Monetary Fund’s Spring Meetings 2018 in Washington, Padoan said strengthening euro area reforms would build more trust across
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SHENZHEN, China — In a grand hotel ballroom on Tuesday, Huawei executives laid out a soaring vision for the future. The Chinese electronics giant, already the world’s biggest supplier of the equipment that powers the wireless age, now wants to provide the digital backbone for artificial intelligence, the internet of things and other transformative technologies.
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While trade relations between the U.S. and China have descended into a relay of tariffs and counter-tariffs, developments to reform trade on the African continent are telling a very different story. “If you start looking much more inwards, and focus within your little population of 40 or 50 million, you lose sight of the big
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China’s announcement this past week also concerns other agricultural commodities, particularly wheat, frozen beef and cotton. “It is unsettling to see American-produced beef listed as a target for retaliation,” said Kent Bacus, director of international trade and market access for the National Cattlemen’s Beef Association. “This is a battle between two governments, and the unfortunate
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Superintelligence — a form of artificial intelligence (AI) smarter than humans — could create an “immortal dictator,” billionaire entrepreneur Elon Musk warned. In a documentary by American filmmaker Chris Paine, Musk said that the development of superintelligence by a company or other organization of people could result in a form of AI that governs the
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The U.S. Department of Agriculture (USDA) is looking to find ways to shield farmers from the growing trade conflict between the United States and China, a department official said Thursday evening, without providing details of options under review. “There’s a lot of different options out there” to protect farmers, said USDA Farm Production And Conservation
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