DUBAI, United Arab Emirates — Emirates has ordered 50 Airbus A350 jets, the Dubai state-owned airline announced at the Dubai Air Show on Monday. The order’s list price sits at $16 billion, but a steep discount is typically negotiated by airlines. The deal was originally slated to see Emirates order 70 planes from the French manufacturer — 40 of the A350s and 30 A330-900neo jets — but all A330 orders were scrapped in favor of bringing the A350 order size to 50. The A350 is a family of long-range,

Neither the White House nor the State Department responded to requests for comment. All three of them currently remain employed by the State Department, though Yovanovitch has been sidelined to a teaching post at Georgetown University. Throughout the impeachment inquiry, Pompeo and Trump have maintained their weekly lunches at the White House, according to the president’s public schedule. Pompeo defended himself, officials said, by telling Trump he doesn’t know who half of these State Department

Four people were killed and six more wounded when “unknown suspects” sneaked into a backyard filled with people at a party in central California and fired into the crowd, police said. The shooting took place about 6 p.m. on Fresno’s southeast side, where people were gathered to watch a football game, Fresno Police Lt. Bill Dooley said. About 35 people were at the party when the shooting began, Reid said. On Thursday, a 16-year-old student at a Southern California high school shot and killed two

A so-called “phase one” trade deal between the U.S. and China should be enough to remove the uncertainty that’s overshadowed initial public offerings this year, said Robert McCooey, the chairman of Nasdaq Asia-Pacific. “Investors are worried about China, they are worried about the ripple effects of the trade war,” McCooey said at the CNBC’s East Tech West conference in the Nansha district of Guangzhou, China on Monday. In May, McCooey said he expected over 40 initial public offerings from China

Stocks in Asia were mostly higher on Monday as investors looked for further developments on U.S.-China trade. Mainland Chinese stocks closed higher, with the Shanghai composite up 0.62% to about 2,909.20 and the Shenzhen composite gaining 0.715% to approximately 1,617.19. The moves came as the People’s Bank of China set its seven-day reverse repurchase (repo) rate at 2.5%. The moves came amid ongoing turmoil in Hong Kong, as the embattled city continues to be rocked by civil unrest that has now

China on Monday called on the U.S. military to stop flexing its muscles in the South China Sea and to avoid adding “new uncertainties” over Taiwan, during high-level talks that underscored tension between the world’s two largest economies. During closed-door talks on the sidelines of a gathering of defense ministers in Bangkok, Wei urged Esper to “stop flexing muscles in the South China Sea and to not provoke and escalate tensions in the South China Sea,” the spokesman, Wu Qian, said. China clai

DUBAI, United Arab Emirates — Hyperloop isn’t set to threaten the aviation industry anytime soon, a senior Boeing executive told press during the Dubai Air Show. “I think probably not in my lifetime,” Tinseth said Sunday, in response to the question of whether airliners would face competition from hyperloop. “I think it is potentially a viable technology, I think it could potentially compete at some time,” he added. First envisioned by Tesla founder Elon Musk in 2013, hyperloop transport promise

European stocks traded mostly higher on Monday amid ongoing focus on developments in U.S.-China trade talks. The pan-European Stoxx 600 edged 0.2% higher in early trade, with banks climbing 0.7% to lead gains while construction and material stocks slipped 0.3%. Markets in the region received a strong handover from the Asia trading session where stocks were mostly higher Monday. Chinese Vice Premier Liu He had a phone call Saturday morning with U.S. Treasury Secretary Steven Mnuchin and U.S. Trad

The yield on the benchmark 10-year Treasury note traded higher at 1.8394%, while the yield on the 30-year Treasury bond traded higher at 2.3177%. U.S. government debt prices traded lower Monday morning as investors kept a close eye on U.S.-China trade developments. Market players remain focused on U.S.-China trade talks. Chinese Vice Premier Liu He spoke with the U.S. Treasury secretary and trade representative over the phone Saturday. On the auction front, the Treasury is set to auction a three

DUBAI, United Arab Emirates — One of the top foreign buyers of American-made weapons — the UAE — is investing in a massive effort to build out its own military capabilities. “And one area is we are building these capabilities to ensure that (for) critical technologies, UAE has the sovereign capability.” Al Bannai did not indicate how much the UAE is investing in its domestic defense push. The U.S. sells billions of dollars worth of weapons, training and other security assistance to the UAE and i

Rising global temperatures are worrying truffle hunters around the Italian town of Alba, where the most prized specimens can fetch twice the price of gold. This particularly warm October, eight out of 10 white truffles unearthed by Carlo Olivero with his trusty 3-year-old dog Steel were dark, withered and dried out. The longer-term impact of rising temperatures on the highly prized white truffles is still being studied, but they, like other fungi, grow best in cool, rainy conditions. “It has bee

Morgan Stanley forecasts that global growth will recover from the first quarter of 2020 onward as trade tensions and monetary police ease, reversing the downward trend of the past seven quarters. “We expect more easing, with the global weighted average policy rate touching a seven-year low by March 2020,” Morgan Stanley’s analysts wrote. Morgan Stanley said. Morgan Stanley expects the Fed to hold rates steady in 2020, but forecasts two hikes in the second half of 2021 once inflation hits 2.5%. ”

Signage is seen at the entrance of the WeWork offices on Broad Street in New York. WeWork is preparing to cut at least 4,000 jobs in a bid to achieve financial stability and those layoffs could be announced as early as this week, The New York Times reported late Sunday. The start-up could lay off 2,000 to 2,500 employees in its main office-space renting business, two people with knowledge of the matter told the Times. As many as 6,000 employees could ultimately be laid off, one person told the T

In the early 1980s, a three-man team spent two years preparing to walk the length of the Great Wall of China. If the rise of layover tours are any indication, most travelers today give the Great Wall just one day of their time — or less. A company called Beijing Sideways offers full-day tours of the Great Wall via sidecars attached to Chang Jiang 750 motorcycles. His seven-hour Great Wall tour includes transportation, entrance fees and use of a Mavic Mini drone. “I think the Great Wall is a good

The technology behind self-driving cars has advanced in recent years, but the vehicles still have a long way to go before becoming a common feature on the roads, said an executive from a a major Chinese automaker. Some of the hurdles impeding self-driving cars include legal restrictions, people’s mobility habits, and technology that’s still changing and maturing, Feng Xingya, president of Guangzhou Automobile Group or GAC, said on Monday at CNBC’s East Tech West conference in the Nansha district

But Sunday’s deal news, with a mere two jets sold, came as a surprise to many at the show — particularly when compared to previous years. Day one of the 2013 show closed with a whopping $192 billion in orders, an all-time record. By contrast, the jets purchased Sunday are valued at $585 million at list prices, according to Boeing. The U.S.-China trade war and Brexit have brought about serious investor uncertainty and a slowdown in trade and growth more broadly, economists say. “Additionally, som

The world economy needs a world currency. That crucially important vector of global commerce and finance has been provided by the U.S. since the end of WWII. Partly as a result of that, the U.S. continues to make half-a-trillion dollar net annual contributions to the growth of global demand, output and employment through its trade deficits. the euro area) and Japan; they are now taking more than $600 billion of net annual trade income from the rest of the world. The “privilege” in question consi

The U.S. decision to allow American firms to continue doing business with Huawei would have little impact on the Chinese tech company, according to a senior executive at Huawei. Reuters reported that President Donald Trump’s administration is about to issue a two-week extension of a license that will allow U.S. firms to continue supplying technology parts to Huawei. In May, the U.S. added Huawei and its affiliates to a blacklist, the so-called Entity List, and said the company was a security ris

Senegalese-American singer Akon says young music artists should avoid looking for lucrative record deals and instead focus on building their careers independently. “In the next 3 to 5 years, the major labels won’t exist anymore,” the multi-platinum selling R&B artist told CNBC in an interview. “So just stop looking for a record deal.” “You’re wasting your time, you’re losing money doing it obviously, and you’re gonna lose control,” he added. He started two successful record labels, and more rece

Market players remain focused on U.S.-China trade talks . Chinese Vice Premier Liu He spoke with the U.S. Treasury Secretary and Trade Representative over the phone on Saturday. ET, Dow futures rose 69 points, indicating a positive open of more than 46 points. Futures on the S&P and Nasdaq were also pointing to a higher open. ET, the NAHB survey is due at 10:00 a.m. and TIC data is set to be released at 04:00 p.m.