Kishore Mahbubani, former Singapore ambassador to the United Nations and David Adelman, former U.S. ambassador to Singapore, at CNBC’s CONVERGE LIVE on Thursday, March 13, Singapore.CNBCWhile U.S. President Donald Trump is in theory “very negative on China,” in practice, he may be willing to do “a big trade deal” with the country, according to veteran Singapore diplomat Kishore Mahbubani.In fact, it is more likely that the Trump administration negotiates a deal with China, compared with the Biden administration, Singapore’s former ambassador to the United Nations said.While Mahbubani noted that Trump “should be more anti-China,” if the Trump administration can assure…
Author: usaeverydaylife
New data could pave the way for the Federal Reserve to cut interest rates as Wall Street braces for the impact of tariff hikes from the White House, said CNBC’s Jim Cramer as he analyzed Wednesday’s market action.”We’re most likely not going to go into a serious recession, because the Fed can take action to prevent that,” he said. “And even if the Fed does nothing, the market can recover once all of this tariff stuff is behind us — and it will be behind us at some point.”February’s consumer price index — which measures wide-ranging costs of goods and…
Ferrari logo is seen outside the Ferrari headquarters in Maranello during Lewis Hamilton’s first official days as a Scuderia Ferrari F1 driver at Fiorano Circuit on January 21, 2025 in Fiorano Modenese, Italy.Ciancaphoto Studio | Getty Images Sport | Getty ImagesThe chief executive of Ferrari on Thursday said the company was prepared for potential U.S. tariffs on European automakers.”We are ready with some countermeasures,” Ferrari CEO Benedetto Vigna told CNBC’s Robert Frank at CONVERGE LIVE in Singapore on Thursday.”We are watching what’s going to happen in the next month, next weeks … we are on the same boat in terms of…
For more than a year, pro-Western marchers in Georgia, a former Soviet republic that borders Russia, have been accusing their government of allowing Moscow to increasingly reassert its sway over their country.But driving around this nation of 3.6 million people in the heart of the mountainous Caucasus region, the influence of another ambitious power becomes apparent. China has been stepping up its activities in the region in recent years, building infrastructure and expanding trade routes that it hopes will boost its economy.In central Georgia, workers from China are erecting soaring viaducts and cutting dozens of tunnels through hard rock to…
Anthony Tan, co-founder and CEO of Grab, spoke at CNBC’s Converge Live on March 12.Grab’s co-founder and CEO Anthony Tan is pushing full steam ahead with incorporating artificial intelligence into his business and personal life, as he told CNBC those who don’t embrace it will eventually be left behind.”Humans who don’t embrace AI in a company will be replaced by humans who embrace AI,” the Malaysian businessman said to CNBC’s Christine Tan at Converge Live in Singapore on Tuesday. “The same will apply to companies and I really believe that if you were to embrace it, it not only makes…
President Trump is no fan of the European Union. He has repeatedly claimed that the bloc was created to “screw” America, has pledged to slap big tariffs on its cars, and this week enacted global steel and aluminum levies that are expected to hit some $28 billion in exports from the bloc.But for months, E.U. officials hoped that they could bring the American president around, avoiding a painful trade war. They tried placating the administration with easy wins — like ramped-up European purchasing of U.S. natural gas — while pushing to make a deal.It is now becoming clear that things…
LONDON — President Donald Trump’s trade tariffs are a major concern among U.S. and international business leaders, with industry titans warning of trouble ahead.Speaking at CNBC’s CONVERGE LIVE in Singapore, Bridgewater founder Ray Dalio warned of “fighting” between countries over the duties.”Tariffs are going to cause fighting between countries … I’m not necessarily talking about military. But think about U.S., Canada, Mexico, China … There will be fighting, and that will have consequences,” he said, speaking to CNBC’s Sara Eisen on Wednesday.Trump’s 25% tariffs on aluminum and steel imports took effect Wednesday, with the EU, Australia and Canada among the…
SpaceX Crew-10 commander Anne McClain waves alongside crewmates upon their arrival at the Launch and Landing Facility at the Kennedy Space Center in Cape Canaveral, Florida, on March 7, 2025. The crew, NASA pilot Nichole Ayers, Roscosmos cosmonaut Kirill Peskov, JAXA astronaut Takuya Onish and NASA commander Anne McClain are scheduled to launch March 15 to the International Space Station (ISS) on the tenth operational flight of NASA’s Commercial Crew Program.Gregg Newton | Afp | Getty ImagesSpaceX on Wednesday scrubbed the expected launch of a replacement crew of four astronauts to the International Space Station that would have set in motion…
A Spirit Airlines airplane is refueled at Newark Liberty International Airport on Feb. 20, 2025, in Newark, New Jersey.Gary Hershorn | Corbis News | Getty ImagesU.S. carrier Spirit Airlines , long known for its no-frills service, said on Wednesday it was pushing ahead with plans to rebrand itself as a premium airline as it emerged from bankruptcy protection after four months.The Florida-based airline – also known for its bright yellow livery – had filed for bankruptcy protection last November, after years of losses, failed merger attempts and heavy debt levels. It was the first major U.S. carrier to file for…
British Foreign Secretary David Cameron speaks during a joint press conference with Albanian Prime Minister after a meeting in Tirana, on May 22, 2024.Adnan Beci | Afp | Getty ImagesFormer U.K. Prime Minister David Cameron on Thursday said he is fearful that U.S. President Donald Trump’s approach to securing peace in Ukraine could set an alarming precedent.”My hope is that what Donald Trump is doing is using quite startling language and quite startling approaches to try and unlock situations, to try and create a situation where Ukraine wants to negotiate peace, Russia wants to negotiate peace, and to get there,”…
