Markets

Markets Liveblog: President Trump Meets North Korean Leader Kim Jong
Author: 0 Liveblog: President Trump Meets North Korean Leader Kim Jong

It was Kim's only foray on Monday outside of the St. Regis hotel, where he's been staying since his arrival a day earlier. Instead of flying the Pyongyang-Shanghai-Singapore route that takes around six-and-a-half hours but passes over sea, Kim Jong-un flew via Beijing, which took around 10 hours.

Markets Trump says one-on-one Kim meeting was 'very, very good'
Author: 0 Trump says one-on-one Kim meeting was 'very, very good'

The language in that document has been the fraught topic of discussion at the 11th-hour negotiations. Trump and Kim will start their historic summit with a one-on-one session with translators. It isn't clear what conditions Pyongyang might be willing to accept for relinquishing their nukes, so Kim and Trump will first need to establish a communications channel and a mutual understanding of denuclearization.

Markets Bitcoin plummets after small crypto exchange hacked
Author: 0 Bitcoin plummets after small crypto exchange hacked

The venue added that 70 percent of the cryptocurrencies it holds are being kept safely in a cold wallet, which isn't connected to the Internet and is less vulnerable to theft. The exchange trades more than 50 different cryptocurrencies and was the 98th largest, with a 24-hour volume of about $2.65 million, according to data from Coinmarketcap .com.

Markets Kia Sedona Sliding Doors Out Of Control, Recall Issued
Author: 0 Kia Sedona Sliding Doors Out Of Control, Recall Issued

Combined with a previous recall expansion by Hyundai, the affiliated automakers are recalling almost 1.1 million vehicles due to the problem, which has been linked to four deaths. The Kia Sedona will have to head back as NHTSA reports that there is an issue with the sliding doors that might cause injuries to the driver or passenger.

Author: 0 Donald Trump, Kim Jong-un to open historic summit with one-on-one powwow

Those points were echoed in Monday's media coverage, which stressed that the talks with Mr. Trump would be focused on forging a relationship that is more in tune with what it called changing times - most likely meaning the North's new status as a nuclear weapons state - its desire for a mechanism to ensure a lasting a durable peace on the Korean Peninsula and, finally, denuclearization.

Markets North Korean leader, Singapore’s PM discuss Korean Peninsula situation
Author: 0 North Korean leader, Singapore’s PM discuss Korean Peninsula situation

In return for safeguards and potential economic help, Trump demanded " complete, verifiable and irreversible " destruction of North Korea's nukes. "That would be rejected and Trump would walk out". "Wouldn't it be wonderful if we walked out and everything was settled all of a sudden from sitting down for a couple of hours?" He may be staying at the St.

Author: 0 France warns Trump over 'fits of anger' after G7 statement u-turn

Prime Minister Justin Trudeau , in a statement: "We are focused on everything we accomplished at the G7 summit". "I don't blame them, I blame our leaders", he said . Relations have hit such a low point that a key question now is whether the seven countries can agree on a joint statement of priorities at the conclusion of the meeting.

Markets BT chief executive to step down this year
Author: 0 BT chief executive to step down this year

In a surprise move the company said that it had already started the process of looking for his successor , and expected to appoint a new chief executive in the second half of the year. Throughout that time I've been immensely proud of what we've achieved, in particular the transformation of the business in recent years with the launch of BT Sport , the purchase and integration of EE and the agreement to create greater independence for Openreach.

Markets Trump And Kim Arrive In Singapore For Unprecedented Summit
Author: 0 Trump And Kim Arrive In Singapore For Unprecedented Summit

He describes the summit as "produced by Kim, directed by (South Korean President Moon Jae-in), and inspired by Trump ". Ever since Trump shocked allies, White House officials and, by some accounts, the North Koreans themselves when he accepted Kim's March invitation for a meeting, the two leaders have lurched toward an uncertain encounter that could affect millions.

Markets Verizon names tech chief as CEO, putting network over content
Author: 0 Verizon names tech chief as CEO, putting network over content

Verizon's next CEO will be Hans Vestberg, former CEO of key supplier Ericsson , who joined Verizon as chief technology officer just over a year ago. At Verizon he headed a team building out Verizon's fiber network infrastructure, and he will lead Verizon in a strategy that differs markedly from wireless rival AT& which is battling with the US Justice Department to acquire media company Time Warner in an $85 billion deal.

Markets Trump breaks with G7 joint statement
Author: 0 Trump breaks with G7 joint statement

Macron launched the offensive on Thursday at a joint news conference with Canadian Prime Minister Justin Trudeau . Reporters asked Trudeau for his reaction as he and his wife and another couple took an evening stroll, but the prime minister begged off.

Markets The infamous Donald Trump and Kim Jong-un impersonators return
Author: 0 The infamous Donald Trump and Kim Jong-un impersonators return

There are worries from some quarters about Kim's intentions and his willingness to actually follow through on any commitment he might make in Singapore. For the first time, a sitting U.S. President will meet the North Korean Chairman. Kim's chief of staff was spotted in Beijing last week after wrapping up talks with US officials in Singapore which had included security discussions.

Markets ZTE agrees to pay $1 billion fine to stop US Denial Order
Author: 0 ZTE agrees to pay $1 billion fine to stop US Denial Order

Before April 16, a settlement with Washington keeping the ban from going into effect had been in place since March 2017, after ZTE agreed to punish those responsible for covering up its sales to Iran and pay about two-thirds of a US$1.2 billion penalty.

Markets Trump requested Saudi oil support before Iran nuclear decision
Author: 0 Trump requested Saudi oil support before Iran nuclear decision

At 1120 GMT, the August ICE Brent crude futures was 46 cents higher from Wednesday's settle at $75.82/b, while the NYMEX July light sweet crude contract was up 38 cents to $65.08/b. This weeks EIA number showed an unexpected build in crude oil inventories due to a larger than expected increase in imports. "(The output decision) is going to be the main event of the month and the main input for the second half of the year, so any change in OPEC policy is a big event", Petromatrix strategist ...

Markets Ghanaian government to dissolve football association after bribery allegations
Author: 0 Ghanaian government to dissolve football association after bribery allegations

I take sole and personal responsibility for the proceedings on the video. The latest documentary from controversial Ghanaian journalist Anas Aremeyaw Anasexposes this unfortunate truth. However, Sports Minister, Isaac Asiama , said the association had been "dissolved with immediate effect". He said the government would soon announce provisional measures to govern football activities until a new association could be formed.

Markets Elliott's Singer agrees with Buffett, Dimon on profit guidance
Author: 0 Elliott's Singer agrees with Buffett, Dimon on profit guidance

Buffett and Dimon announced they are partnering with Business Roundtable , a group of roughly 200 CEOs of major USA companies, to call on companies to consider eliminating quarterly guidance. Without company guidance, analysts' estimates are likely to vary more, making share prices more volatile at the same time that estimates become less valuable to investors and, horror, not worth paying for.

Markets Google AI ethics memo makes it clear military work will continue
Author: 0 Google AI ethics memo makes it clear military work will continue

However, Google went on to confirm that they will continue to work with government bodies and military. However, the AI principles do not make clear whether Google would be precluded from working on a project like Maven-which promised vast surveillance capabilities to the military but stopped short of enabling algorithmic drone strikes.

Markets Porsche's first all-electric auto will be called the 'Taycan'
Author: 0 Porsche's first all-electric auto will be called the 'Taycan'

With this setup, Porsche claims that the Taycan will complete a 0-100 km/h sprint in 3.5 seconds and take just under 12 seconds for a 0-200 km/h speed run. Porsche also says that it has "a continuous power level that is unprecedented among electric vehicles". A screengrab from the Porsche Taycan name announcement video.

Markets NTSB releases preliminary findings on March's fatal Tesla Model X crash
Author: 0 NTSB releases preliminary findings on March's fatal Tesla Model X crash

Earlier today, the NTSB published its preliminary report on the events surrounding the fatal crash. "According to performance data downloaded from the crash vehicle, a 2017 Tesla Model X P100D , the driver was using traffic-aware cruise control and autosteer lane-keeping assistance, which are advanced driver assistance features that Tesla refers to as autopilot ", the NTSB report said.

Markets Microsoft just sunk a data center into the sea
Author: 0 Microsoft just sunk a data center into the sea

The initiative, known as Project Natick, began in July 2014 and officially moved into phase two on Tuesday, according to a Microsoft press release. This area generates 100% of their energy from wind, solar, and tidal sources which mean the Microsoft data center is running totally on renewables via an undersea cable.

Markets US Suspends Tech Ban In Exchange For Record Fines & US Oversight
Author: 0 US Suspends Tech Ban In Exchange For Record Fines & US Oversight

In 2012, the U.S. House Intelligence Committee said the companies posed a national security threat and advised regulators to block any of the companies' mergers or acquisitions in the U.S. It was introduced by Senate Democratic Leader Chuck Schumer and fellow Democratic Senator Chris Van Hollen , as well as Republican Senator Tom Cotton , a close Trump ally who has emerged as one of his party's most influential foreign policy voices.

Markets Trump to leave G-7 summit early, travel directly to Singapore
Author: 0 Trump to leave G-7 summit early, travel directly to Singapore

Trump dug in his heels Thursday, though, and hit back with the following message the night before the leaders will meet face-to-face at the G7 summit in Quebec. The EU has also announced new duties in response. "A trade war doesn't spare anyone". " Didn't you guys burn down the White House? ". Trump expanded the tariffs on steel and aluminum to the United Kingdom, Canada and the European Union on May 31 after extending exemptions in March.

Markets Ryan: Congress won't pass tariff legislation Trump wouldn't sign
Author: 0 Ryan: Congress won't pass tariff legislation Trump wouldn't sign

Sen. Bob Corker (R-Tenn.) is pushing for a Senate vote that would limit the authority of the president to implement tariffs. Senators hoping for a long summer recess have had their hopes dashed. They're anxious about a wider trade war spiking prices for home-state businesses and consumers if Trump imposes steel and aluminum tariffs, as planned, on imports from Canada, Mexico and the European Union .