Crown Prince Mohammed bin Salman of Saudi Arabia told President Trump on Wednesday that the kingdom intends to increase its investment and trade with the United States by at least $600 billion over the next four years, according to the official Saudi Press Agency.The crown prince, the de facto leader of Saudi Arabia, told Mr. Trump that his new administration had the ability to create “unprecedented economic prosperity” in the United States, and that the kingdom wanted to participate, a statement from the Saudi Press Agency said.The White House, in a news release, said the call was Mr. Trump’s first…
Author: usaeverydaylife
A 3D-printed miniature model of U.S. President-elect Donald Trump and TikTok logo are seen in this illustration taken January 19, 2025.Dado Ruvic | ReutersPresident Donald Trump wants a U.S. investor to take a major stake in ByteDance’s TikTok. Several parties are in contention even as potential buyers face a litany of legal hurdles and barriers.After stepping in to restore TikTok in the U.S. and delaying a law that would effectively ban the app, Trump is looking for long-term avenues to keep the popular platform afloat.He has put forward a proposal for an American stakeholder to buy the company and then…
Shoppers walk into a Burberry store at Fashion Valley, an upscale shopping mall on December 13, 2024 in San Diego, California.Kevin Carter | Getty Images News | Getty ImagesBurberry on Friday reported a shallower-than-expected dip in sales in the fiscal third quarter, providing a first glimpse of CEO Joshua Schulman’s efforts to revamp the beleaguered British fashion house.Comparable sales declined 4% in the three months to December. Analysts had anticipated a 12% decrease in a company-compiled consensus estimate.Total revenue over the festive shopping period was £659 million ($816 million), down 7% year-on-year at reported exchange rates.Sales were subdued in Asia…
When you think of taekwondo, you might picture a certain physique or skill set, but imagine a version of the sport that anyone, regardless of age, size, or background, can compete in virtually.In a collaboration between World Taekwondo and Singaporean tech and gaming company Refract Technologies, virtual taekwondo (VTKD) allows athletes to experience the intensity of sparring without the physical contact. Athletes wear headsets, body sensors, and handheld controllers to spar in a virtual arena, with every move tracked and replicated in real time.”What’s exciting about virtual taekwondo is that it’s a real sport” said Ng Chong Geng, Refract Technologies founder,…
Clinton Bailey, an American-Israeli academic whose research and documentation of the ancient traditions of the nomadic Bedouin tribes of the Middle East helped preserve a vanishing culture for posterity, died on Jan. 5 at his home in Jerusalem. He was 88.The cause was heart failure, his son Michael said.A native of Buffalo, Dr. Bailey spent some 50 years recording the oral poetry, negotiations, trials, wisdom of the elders, weddings, rituals, proverbs and stories of the tribes of the southern Israeli Negev Desert and the Sinai Peninsula. Traveling by Jeep to desert Bedouin encampments, sometimes joining their migrations for weeks on…
The United Nations’ top corporate sustainability chief warned business leaders they can no longer ignore the growing “north-south divide” on climate change.Sanda Ojiambo, CEO and executive director of U.N. Global Compact — a body responsible for overseeing business commitments to achieving sustainable development goals — told CNBC’s Steve Sedgewick that “climate has become a political issue,” describing the rift between rich and poor nations as “the biggest chasm.”Speaking on a CNBC panel discussing the challenges and opportunities for businesses in the pursuit of net-zero climate goals at the World Economic Forum in Davos, Switzerland, the U.N. director warned that divisions…
Tesla will start deliveries of a revamped version of its Model Y SUV in the U.S. in March, according to new listings on the company’s website.The Model Y Juniper has a price tag of $59,990, not including a federal tax credit of $7,500 for new electric vehicle purchases. It features a redesigned fascia, front and rear light bars and an upgraded interior with ventilated seats, reclining second-row seats and faster Wi-Fi, the website shows.Tesla began taking orders for the new Model Y variant from customers in Canada and Europe on Thursday, and started sales in China about two weeks ago.…
One year has passed since Moscow accused Kyiv of shooting down a Russian military plane carrying dozens of Ukrainian prisoners of war. Ukraine opened an investigation, but has yet to release its findings, leaving questions about who was killed, and why.The crash of the IL-76 transport plane in Belgorod region of Russia, near the border with Ukraine, set off a series of recriminations at a delicate moment for Kyiv, as it lobbied for Western aid to build up its depleted weapons stocks.Russian officials called it a “terrorist” act and convened an emergency meeting of the U.N. Security Council. Ukrainian officials…
There’s severe “pessimism” about the future of Europe at Davos, according to Larry Fink, chief executive of BlackRock . Taking a contrarian approach, however, Fink — who leads the world’s largest investment manager — suggested that the overwhelmingly negative sentiment on Europe’s future, economy and capital markets could mean things are about to turn around. “As a frequent visitor to Davos, let me be clear, I’ve always done the best when I’ve gone against every Davos week,” Fink told CNBC’s Squawk Box Thursday. “What I learned this week in Davos is abject pessimism from Europeans. I’ve never seen or heard…
President Donald Trump and Chinese President Xi Jinping on April 6, 2017.Carlos Barria | ReutersU.S. President Donald Trump said Thursday that he has “always had a great relationship” with Chinese President Xi Jinping and that he looks forward to “getting along with China.”The U.S. and China will “have a very good relationship,” the president said in a virtual interview at the World Economic Forum, according to the White House readout.”All we want is fairness. We just want a level playing field,” Trump said. “But I like President Xi very much. I’ve always liked him.”The newly minted president said earlier this week that…
