Home / 2018 / April (page 19)

Monthly Archives: April 2018

Russia demands compensation for US steel tariffs

Aaron Josefczyk | Reuters A worker cuts a steel coil at the Novolipetsk Steel PAO steel mill in Farrell, Pennsylvania, March 9, 2018. Russia has demanded compensation from the United States for its decision to impose global tariffs on steel and aluminum. A statement from the World Trade Organization (WTO), …

Read More »

Nigeria President Buhari hints at $15 billion Shell deal

Daniel Leal | Olivas-WPA Pool | Getty Images Nigerian President Muhammadu Buhari at the Commonwealth Business Forum at the Guildhall on April 18, 2018, in London, England. Nigerian President Muhammadu Buhari met with Shell on Wednesday as part of talks he said were to secure $15 billion of investment in …

Read More »

Qualcomm stock slides on layoffs, regulatory challenges to NXP merger

Ethan Miller | Getty Images Steve Mollenkopf, CEO of Qualcomm Qualcomm slid more than 4 percent Thursday after the company announced layoffs and said it would be withdrawing and refiling a merger application with Chinese authorities regarding a tie-up with Dutch semiconductor company NXP. Sources tell CNBC Qualcomm is “very …

Read More »

Legendary inventor Dean Kamen jumpstarts human organ manufacturing in the US

Courtesy of ARMI Biofabusa The BioAssemblyBot can 3D print advanced tissue structures for the biofabrication of human tissue and organs. To try to achieve that same level of success, he has enlisted NIST to help form standards that keeps work in the field focused — a key requirement in getting …

Read More »

Takeda is in talks with Shire after its $61 billion bid was rejected

Yuriko Nakao | Bloomberg | Getty Images hristophe Weber, president and chief executive officer of Takeda Pharmaceutical Japan’s Takeda Pharmaceutical is in negotiations with Shire after making a third takeover bid worth around $61 billion that was rejected by the London-listed rare diseases drugmaker. Reuters first reported that Takeda had …

Read More »

Oil’s ‘artificial’ surge to multi-year highs could spark a new crisis, economist warns

David McNew | Getty Images Oil rigs at sunrise in Taft, California. A sudden upswing in crude futures could be enough to fast-track the energy market’s next crisis, one economist told CNBC on Thursday. Oil prices soared to levels not seen since late 2014 on Thursday, following reports OPEC kingpin …

Read More »

Nestle confirms outlook as volume growth picks up

Jason Adlen | Bloomberg | Getty Images Bars of original KitKat chocolate, produced by Nestle SA. Food group Nestle confirmed its full-year guidance after organic sales growth accelerated to 2.8 percent in the first quarter of 2018, helped by improving volumes. Packaged food companies have seen their sales slow as …

Read More »

Investcorp on Crown Prince Mohammed bin Salman’s plans to reform Saudi Arabia

Fayez Nureldine | AFP | Getty Images Saudi Crown Prince Mohammad bin Salman’s goal to diversify Saudi Arabia’s oil-based economy and transform the kingdom into a tech and logistics hub could ultimately be an opportunity for American enterprise. Saudi Arabia’s crown prince has set out an ambitious plan to modernize …

Read More »

China bans imports of 16 scrap, waste products from end of 2018

Qilai Shen | Bloomberg | Getty Images A man rides a bicycle rickshaw carrying scrap materials in Beijing, China, on Wednesday, March 2, 2016. China will ban the imports of 16 more scrap metal and chemical waste products from the end of this year, the environment ministry said on Thursday. …

Read More »

Hip hop in China under scrutiny as ‘Hot Blood Dance Crew’ airs

VCG | Getty Images Singer Jackson Wang, singer Lu Han, actor William Chan and singer and actress Victoria Song attend the press conference for “Hot Blood Dance Crew” on Jan. 23, 2018, in Shanghai, China. Amid restrictions aimed at China’s burgeoning hip hop scene, some elements associated with the culture …

Read More »