Former Cisco CEO John Chambers told CNBC on Monday he is discouraging the start-ups he’s invested in from operating in China, citing Beijing’s increasingly uncertain regulatory approach. “I’m encouraging my startups not to do business in China, or I’m not invested in Chinese start-ups at this time,” he said in a “TechCheck” interview. “It’s too unpredictable,” added
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24K-Production | iStock Editorial | Getty Images The crypto market is down 46% from its all-time high in May, but shrewd investors are celebrating the dip in prices. Because the IRS classifies digital currencies like bitcoin as property, losses on crypto holdings are treated much differently than losses on stocks and mutual funds, according to
Two 14-year-old boys have been found guilty of murdering a teen who was “lured” to a park and fatally stabbed. Oliver Stephens, 13, was pronounced dead at Bugs Bottom field in Emmer Green, Reading, on 3 January. Oliver, known as Olly, was persuaded to go to the park by a 14-year-old girl, where he was
China’s government has just provided investors with another reminder of why they should tread carefully when putting money into the country. At the end of last month, the Chinese ride-hailing app Didi made history when it floated on the New York Stock Exchange with a valuation of $70bn, making it the biggest IPO of a
Thousands of homes remain under threat as California’s biggest wildfire continues to gain strength across western parts of the US. It comes amid fresh calls for politicians in Washington to take “bold action” against climate change as more than 85 large wildfires continue to burn around the country. The Dixie Fire started on 14 July
Ministers are reportedly exploring how to block China’s state-owned nuclear energy company from future power projects in the UK. The change in Britain’s stance towards China General Nuclear Power Group (CGN) could affect the £20bn Sizewell C nuclear energy project in Suffolk, the Financial Times reported. France’s EDF is scheduled to build the Sizewell site
A severely disabled 13-year-old boy who raised £250,000 to help save an outdoor activity centre has had his efforts recognised by the prime minister. Oliver Voysey suffered a “catastrophic” brain injury when he was just two days old, which left him with sight loss, cerebral palsy, autism, epilepsy and learning difficulties. A regular visitor to
The UK has reported 24,950 new cases of COVID-19 in the latest 24-hour period. It means the number of COVID cases reported in the UK has fallen for the sixth consecutive day. Fourteen deaths were reported during the same period. Some 29,173 cases and 28 deaths were reported yesterday. Last Monday, 39,950 cases and 72
11:58 PM ET Atlanta Hawks center Onyeka Okongwu — the sixth overall pick in the 2020 NBA draft — underwent surgery to repair a torn labrum in his right shoulder on Wednesday and will miss approximately six months, sources told ESPN. Okongwu’s role grew as the season wore on for the Hawks, but a lingering
3:29 PM ET Associated Press MILWAUKEE — Thousands of fans lined downtown Milwaukee streets on Thursday to catch a glimpse of their beloved Bucks in a parade to celebrate the city’s first NBA championship in half a century. Six police officers on horseback clopped past cheering fans at the head of a procession that included
3:55 PM ET Andrew LopezESPN The New Orleans Pelicans officially named Willie Green as their next head coach Thursday. Green is coming off a stint as an assistant with the Phoenix Suns, who just made a run to the NBA Finals, which delayed the timing of the Pelicans’ announcement. “After an extensive and collaborative search,
7:51 PM ET Associated Press CLEVELAND — The Cavaliers extended a qualifying offer Friday to center Jarrett Allen, making him a restricted free agent. The team had until Aug. 1 to make the offer to Allen, a 23-year-old acquired last season in a trade from Brooklyn and viewed as one of Cleveland’s core pieces. The
10:08 AM ET The Unites States faltered down the stretch Sunday in a 83-76 loss to France at the Olympics. The U.S. led 74-67 with 3:41 remaining, before Evan Fournier ignited a 14-0 run that helped France secure the victory. Fournier finished with 28 points for France. It is the United States’ first Olympic basketball
Long considered one of the few success stories that sprang from the Arab Spring, Tunisia has seen its president accused of staging a coup after he sacked his prime minister and suspended parliament with the help of the army. President Kais Saied’s dismissal of Prime Minister Hichem Mechichi on Sunday followed violent demonstrations across the
In an open letter to NASA, Jeff Bezos has offered to waive billions of dollars in payments from the space agency in order to ensure his company Blue Origin gets to take part in its upcoming moon missions. With a potential funding shortfall threatening to derail NASA’s planned moon missions – in particular its Human
The German Aerospace Center (DLR) is among space agencies working on automated and AI farming techniques for the coming era of interplanetary human colonies. DLR LONDON – A new law designed to regulate artificial intelligence in Europe could end up costing the EU economy 31 billion euros ($36 billion) over the next five years, according
Selfridges has been put up for sale in a move that could net its Canadian billionaire owners as much as £4bn. The department store chain reportedly attracted bid interest last month, prompting the Weston family to order a formal auction process. It is understood that advisers at Credit Suisse are leading the sale and hope
Kwasi Kwarteng, the business secretary, has ordered officials to launch a national security probe into the £2.6bn takeover of Ultra Electronics, a key supplier of military technology, by Cobham, the former London-listed defence group. Sky News has learnt that Mr Kwarteng has told civil servants at the Department for Business, Energy and Industrial Strategy (BEIS)
Troops have surrounded Tunisia’s parliament building as supporters and opponents of the president clashed with each other following his dismissal of the prime minister. The violence in the capital Tunis comes after President Kais Saied ousted the government and froze parliament, with help from the army. Officers used tear gas to disperse some demonstrators throwing projectiles at
Home And Away has paid tribute to “much-loved cast member” Dieter Brummer, who has died aged 45. The actor was found dead by New South Wales police at about 1.30pm local time on Saturday at a property in Glenhaven, following a request for a welfare check. His death is not being treated as suspicious. In