World News

93% of tech funding goes to all-male founders

Europe’s tech start-up scene carries a problem: almost all of its funding can be going toward men. A fresh report through venture capital firm Atomico found 93 percent of the money invested into European tech start-ups in 2018 went to companies with all-male founding teams. The report paints a bleak picture for female entrepreneurs in Europe with no progress within ...

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China’s Huawei appoints chairman as acting CFO 

Chinese tech giant Huawei Technologies appointed Chairman Liang Hua as its acting chief financial officer (CFO) following the arrest in Canada of its CFO, who faces extradition to the U.S., a source close to the matter told CNBC. CFO Meng Wanzhou, who can be also the daughter of Huawei founder Ren Zhengfei, was detained in Canada on Saturday. Canada’s Department ...

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OPEC reportedly agrees to reduce output

OPEC delegates previously told Reuters the cartel could cut 1 million bpd if Russia reduces its output by 150,000 bpd. If Moscow chips in a 250,000 bpd reduction, of which may tee up a 1.3 million bpd cut by OPEC. Energy Aspects says communicating a deal properly can be imperative because the market can be fragile right today. The energy ...

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National security advisor Bolton knew before Huawei executive arrest

The White House did not immediately respond to CNBC’s query about whether Trump knew. Meng’s arrest has infuriated Chinese officials, who have demanded her Discharge, even as the Justice Department seeks her extradition to the United States. The case also has further roiled an already strained trade relationship between the U.S. in addition to China. The countries last week struck ...

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US firms in China vulnerable after Huawei arrest: Ex-US trade advisor

There’s a Great chance the Chinese will retaliate for the arrest of Huawei CFO Meng Wanzhou by targeting American businesses in China, former assistant U.S. trade representative Jeff Moon told CNBC on Thursday. Meng was arrested on Saturday in Canada in addition to also also can be facing extradition to the United States reportedly for violating U.S. sanctions on Iran. ...

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Allegations link Huawei to illegal transactions with HSBC

However, HSBC’s broader involvement could further complicate trade talks between the U.S. as well as China. Even though the bank can be headquartered inside U.K., HSBC (originally known as the Hongkong as well as Shanghai Banking Corporation) can be one of China’s most influential companies as well as has one of the largest foreign-owned banking networks on the mainland. HSBC ...

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