Siemens dumps Russian partner after turbines end up in Crimea

Siemens dumps Russian partner after turbines end up in Crimea

Here’s what you should know about U.S.-Russia business ties Siemens is scaling back its business in Russia after it learned that power generation equipment was being diverted to Crimea. The German industrial group said it had received “credible information” that four gas turbines destined for a project in southern Russia had been “modified and illegally → Read More

North Korea's economy grew fast last year but slowdown looms

North Korea's economy grew fast last year but slowdown looms

U.S. warns UN over trade with North Korea ahead of G20 Hamburg North Korea’s economy grew at its fastest pace since 1999 last year. That boom may already be turning to bust. The isolated state does not publish its own growth figures. But South Korea has been compiling annual GDP estimates of its neighbor since → Read More

China wants to build a $150 billion AI industry

China wants to build a $150 billion AI industry

Using artificial intelligence to solve the world’s problems In China, cutting-edge innovation often comes with orderly, numbers-heavy government mandates. Artificial intelligence is no exception. Beijing laid out a timeline on Friday for when it expects the country to become a global leader in the frontier technology. By 2020, China’s AI technologies and research facilities will → Read More

Stock market momentum; Euro mania; Underwhelmed by eBay

Stock market momentum; Euro mania; Underwhelmed by eBay

Click chart for in-depth premarket data. 1. Up, up, up: In case you haven’t heard, every major U.S. stock market index hit record highs this week. The S&P 500 and Nasdaq both hit new peaks during the trading day on Thursday. And the Dow Jones industrial average hit a closing high on Wednesday. Read More

NYT's Trump interview 'was an ongoing negotiation'

NYT's Trump interview 'was an ongoing negotiation'

President Trump’s jaw-dropping interview with three reporters from The New York Times started as an off-the-record meet and greet session. Trump “wanted to get to know the D.C. players at The Times,” said one of several sources familiar with the Oval Office meeting. But the reporters approached it at least partly as an interview opportunity. → Read More

Congratulations Millennials, you now have your own airline

Congratulations Millennials, you now have your own airline

Boeing vs. Airbus: The middle of the market battle These days just about every marketing campaign is geared toward Millennials. So it was only a matter of time until the generation got its own airline. Air France on Thursday announced it will launch Joon, a new airline-inside-an-airline geared towards anyone born after 1980. Joon will → Read More

Trump brings companies to White House for another jobs announcement

Trump brings companies to White House for another jobs announcement

Cuts at Carrier plant where Trump touted saving jobs President Trump touted a big deal during the White House’s “Made in America Week.” On Thursday, he unveiled an agreement between pharmaceutical giants Pfizer (PFE) and Merck (MRK) and New York-based manufacturer Corning (GLW) to produce a new type of glass for storing and delivering injectable → Read More

Fox News turns to Hillary Clinton amid negative news for Trump

Fox News turns to Hillary Clinton amid negative news for Trump

Bernstein: ‘We are in a cold civil war’ As a cloud of negative news hangs over President Donald Trump and his administration, a familiar face has been all over the airwaves on Fox News: Hillary Clinton. The former Democratic presidential candidate, a favorite villain of the right, has been featured prominently across Fox News’ programming → Read More

Jake Tapper's 'The Outpost' picked up by Millennium Films

Jake Tapper's 'The Outpost' picked up by Millennium Films

Jake Tapper’s “The Outpost,” will be directed by Rod Lurie, director of “The Last Castle” and former solider. Jake Tapper’s bestselling book is getting the film treatment. Millennium Films announced Thursday that a film based on Tapper’s book, “The Outpost: An Untold Story of American Valor,” will be directed by Rod Lurie. Lurie, who served → Read More

Illinois dodges downgrade to 'junk'

Illinois dodges downgrade to 'junk'

Illinois finally gets a budget Illinois has just barely avoided the dishonor of becoming America’s first “junk” state. Moody’s decided on Thursday that it won’t downgrade Illinois because the cash-strapped state finally passed its first budget in more than two years. S&P Global Ratings similarly removed the threat of an imminent downgrade last week. Read More

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