Canada says China has granted consular access to second detainee

Canadian diplomats received consular access on Sunday to the second of two men detained by China over the past week, Canada’s foreign ministry said in a statement that gave few details. John McCallum, Canada’s ambassador to Beijing, met Michael Spavor, the statement said. Spavor and Michael Kovrig were both picked up after Canada arrested a senior Chinese executive on a U.S. extradition request. China has demanded Canada free Meng and threatened unspecified consequences if it does not. “In the s


Canadian diplomats received consular access on Sunday to the second of two men detained by China over the past week, Canada’s foreign ministry said in a statement that gave few details. John McCallum, Canada’s ambassador to Beijing, met Michael Spavor, the statement said. Spavor and Michael Kovrig were both picked up after Canada arrested a senior Chinese executive on a U.S. extradition request. China has demanded Canada free Meng and threatened unspecified consequences if it does not. “In the s
Canada says China has granted consular access to second detainee Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-17  Authors: kim kyung-hoon
Keywords: news, cnbc, companies, kovrig, detained, told, met, meng, granted, statement, second, detainee, canada, spavor, consular, china, access, michael


Canada says China has granted consular access to second detainee

Canadian diplomats received consular access on Sunday to the second of two men detained by China over the past week, Canada’s foreign ministry said in a statement that gave few details.

John McCallum, Canada’s ambassador to Beijing, met Michael Spavor, the statement said. Spavor and Michael Kovrig were both picked up after Canada arrested a senior Chinese executive on a U.S. extradition request.

Canadian Prime Minister Justin Trudeau — who said on Friday the detentions were unacceptable — told CTV his government was taking the situation very seriously.

“We have engaged with the Chinese officials to determine what exactly conditions are they being detained under? Why are they being detained?” he said in an interview aired on Sunday.

McCallum met Kovrig for the first time on Friday.

U.S. Secretary of State Mike Pompeo said on Friday that China should free the two men.

Spavor, a businessman, and Kovrig, a former diplomat, were detained after Canadian police arrested Huawei Technologies Chief Financial Officer, Meng Wanzhou, on Dec 1. U.S. prosecutors accuse Meng of misleading multinational banks about Iran-linked transactions, putting the banks at risk of violating U.S. sanctions.

Meng, who is the daughter of Huawei’s founder, has said she is innocent. China has demanded Canada free Meng and threatened unspecified consequences if it does not.

On Monday, influential state-back newspaper the Global Times said in an editorial that an escalation in the spat with Canada could be coming.

“In the struggle with Canada, China needs to prepare for the possibility of conflict escalation,” it said.

“Beijing must take the contest seriously and maximize the support of international public opinion, leaving Western media no smear to slander its counterattacks as ‘degradation of China’s opening-up.'”

Trudeau told CTV that Canada would continue trying to build up trading ties with China.

“We need to do so in a way that is true to our values and stands up for Canadians’ interests, and getting that balance right is complex. (It) has been made more difficult by recent trends,” he said.


Company: cnbc, Activity: cnbc, Date: 2018-12-17  Authors: kim kyung-hoon
Keywords: news, cnbc, companies, kovrig, detained, told, met, meng, granted, statement, second, detainee, canada, spavor, consular, china, access, michael


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Qatar is ‘counting on’ Kuwait and other allies to resolve Gulf crisis, foreign minister says

Kuwait maintains an important role in reuniting the Gulf Cooperation Council (GCC) countries amid the ongoing blockade of Qatar, Qatari foreign minister Sheikh Mohammed bin Abdulrahman al Thani said Saturday. “The (Kuwait) Emir has had a big leadership role in calming the situation which is highly appreciated by Qatar. We continue to count on the role of Kuwait and on the countries in the region to bring it back together,” the minister told attendees at the annual Doha Forum. Riyadh and its alli


Kuwait maintains an important role in reuniting the Gulf Cooperation Council (GCC) countries amid the ongoing blockade of Qatar, Qatari foreign minister Sheikh Mohammed bin Abdulrahman al Thani said Saturday. “The (Kuwait) Emir has had a big leadership role in calming the situation which is highly appreciated by Qatar. We continue to count on the role of Kuwait and on the countries in the region to bring it back together,” the minister told attendees at the annual Doha Forum. Riyadh and its alli
Qatar is ‘counting on’ Kuwait and other allies to resolve Gulf crisis, foreign minister says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-15  Authors: natasha turak, alessandro bianchi
Keywords: news, cnbc, companies, allies, gulf, countries, resolve, blockade, qatar, foreign, minister, kuwait, told, gcc, role, counting, doha, crisis


Qatar is 'counting on' Kuwait and other allies to resolve Gulf crisis, foreign minister says

Kuwait maintains an important role in reuniting the Gulf Cooperation Council (GCC) countries amid the ongoing blockade of Qatar, Qatari foreign minister Sheikh Mohammed bin Abdulrahman al Thani said Saturday.

“The (Kuwait) Emir has had a big leadership role in calming the situation which is highly appreciated by Qatar. We continue to count on the role of Kuwait and on the countries in the region to bring it back together,” the minister told attendees at the annual Doha Forum.

Relations between the oil-rich states of the GCC have been fraught since Saudi Arabia, joined by Egypt, Bahrain and the United Arab Emirates, imposed an economic and diplomatic blockade on Qatar in 2017. Riyadh and its allies accuse Qatar of supporting terrorism, which Doha consistently denies.

Kuwait, however, did not take part in the blockade. Its government maintains smooth relations with Doha and has made several attempts to mediate between Qatar and its Gulf neighbors to help quell the conflict — thus far to no avail.

“Kuwait has shown willingness to play a diplomatic role in some of the most complex contexts in the region including Qatar and Yemen,” Cinzia Bianco, GCC analyst at London-based Gulf State Analytics, told CNBC earlier this month.

On December 3, Qatar announced its planned departure from OPEC, the 15-member cartel of oil-exporting countries whose largest producer is Saudi Arabia. Qatar and the Saudi-led bloc both blame one another for preventing a solution from being reached.

“We believe that we are more relevant as a bloc for those countries than we are separate and fragmented,” the minister added.

Qatar saw foreign deposits in its commercial banks drop by $13 billion in the six months following the blockade; it’s now regained about $9 billion of that, according to Fitch ratings. Analysts at the ratings agency say the blockade forced Qatar to diversify its revenue sources, ultimately making it more self-sufficient.


Company: cnbc, Activity: cnbc, Date: 2018-12-15  Authors: natasha turak, alessandro bianchi
Keywords: news, cnbc, companies, allies, gulf, countries, resolve, blockade, qatar, foreign, minister, kuwait, told, gcc, role, counting, doha, crisis


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Sean Spicer thinks Nancy Pelosi’s win is a win for Trump

A Democratic-led U.S. House of Representatives with Nancy Pelosi at its helm isn’t as bad for the Trump administration as it might sound, according to former White House press secretary Sean Spicer. Speaking to CNBC on Saturday, he described what he felt would galvanize Republicans to throw more support behind the president. “Politically this does benefit the president,” Spicer told CNBC’s Hadley Gamble at the annual Doha Forum in Qatar. In late November, the House Democratic caucus voted 203 to


A Democratic-led U.S. House of Representatives with Nancy Pelosi at its helm isn’t as bad for the Trump administration as it might sound, according to former White House press secretary Sean Spicer. Speaking to CNBC on Saturday, he described what he felt would galvanize Republicans to throw more support behind the president. “Politically this does benefit the president,” Spicer told CNBC’s Hadley Gamble at the annual Doha Forum in Qatar. In late November, the House Democratic caucus voted 203 to
Sean Spicer thinks Nancy Pelosi’s win is a win for Trump Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-15  Authors: natasha turak, getty images, zach gibson
Keywords: news, cnbc, companies, democratic, agenda, vote, trump, thinks, win, pelosis, house, sean, nancy, told, support, pelosi, spicer


Sean Spicer thinks Nancy Pelosi's win is a win for Trump

A Democratic-led U.S. House of Representatives with Nancy Pelosi at its helm isn’t as bad for the Trump administration as it might sound, according to former White House press secretary Sean Spicer.

Speaking to CNBC on Saturday, he described what he felt would galvanize Republicans to throw more support behind the president.

“Politically this does benefit the president,” Spicer told CNBC’s Hadley Gamble at the annual Doha Forum in Qatar. “Obviously as a Republican I was sad to lose the House, but the reality is that this gives us something to run against.”

In late November, the House Democratic caucus voted 203 to 32 to nominate Pelosi as Speaker of the House, a position she first held from 2007 to 2011. Over the California native’s tenure as both House minority leader and Speaker, many have come to see her as a divisive lightning rod within the party. Several members of Pelosi’s caucus pledged not to support her latest bid.

Pelosi still needs to win the support of more that a dozen Democratic dissenters before a January 3 floor vote where she’ll need to win the majority of the whole House — not just Democrats.

Republicans frequently paint Pelosi as a top adversary of their agenda and a boogeyman of sorts, and often attaching their Democratic opponents to her as a campaign tactic. President Donald Trump has accused the lawmaker as having an “extreme job-killing agenda”, among other things.

“This really juxtaposes that idea of the binary choice that exists within elections,” Spicer said. “If you want the agenda that delivered 3-plus percent economic growth quarter after quarter, lower unemployment, the take down of the regulatory state, then you need to vote Republican and for the president’s policies to continue,” he told CNBC.

“I think Nancy Pelosi is going to show the American people what it’s all about, which is investigation after investigation and a lot more big government that won’t go anywhere,” the former Trump administration official added.


Company: cnbc, Activity: cnbc, Date: 2018-12-15  Authors: natasha turak, getty images, zach gibson
Keywords: news, cnbc, companies, democratic, agenda, vote, trump, thinks, win, pelosis, house, sean, nancy, told, support, pelosi, spicer


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EU refuses to help British PM over Brexit, says ‘it is not open for renegotiation’

The EU-27 also said it stands ready to start negotiations on future trade arrangements as soon as the U.K. leaves in March. The EU added that if the Irish backstop policy needed to be triggered, it would only apply “temporarily” until there’s an agreement in place. Meanwhile, Luxembourg Prime Minister Xavier Bettel told CNBC in Brussels that it is time for U.K. lawmakers “to be responsible.” Sterling was down 0.6 percent against the dollar at $1.2591, with Reuters citing May’s unsuccessful Brexi


The EU-27 also said it stands ready to start negotiations on future trade arrangements as soon as the U.K. leaves in March. The EU added that if the Irish backstop policy needed to be triggered, it would only apply “temporarily” until there’s an agreement in place. Meanwhile, Luxembourg Prime Minister Xavier Bettel told CNBC in Brussels that it is time for U.K. lawmakers “to be responsible.” Sterling was down 0.6 percent against the dollar at $1.2591, with Reuters citing May’s unsuccessful Brexi
EU refuses to help British PM over Brexit, says ‘it is not open for renegotiation’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: silvia amaro, dan kitwood, getty images news, getty images
Keywords: news, cnbc, companies, triggered, renegotiation, brexit, open, brussels, possible, help, backstop, agreement, british, eu, uk, told, ireland, refuses, trade


EU refuses to help British PM over Brexit, says 'it is not open for renegotiation'

The EU-27 also said it stands ready to start negotiations on future trade arrangements as soon as the U.K. leaves in March. They also repeated the Irish backstop is only an insurance policy.

“It is the Union’s firm determination to work speedily on a subsequent agreement that establishes by 31 December 2020 alternative arrangements, so that the backstop will not need to be triggered,” the 27 countries said.

The EU added that if the Irish backstop policy needed to be triggered, it would only apply “temporarily” until there’s an agreement in place.

The idea of the backstop is to prevent a hard border between Northern Ireland and Ireland — a critical issue for both the EU and the U.K.

Brexiteers and other U.K. lawmakers believe this plan forces Northern Ireland to follow EU rules. However, both Westminster and the EU have said this would not be their aim and if it were to happen, it would only apply until they implement new trade arrangements.

“There will be no new legally binding obligations imposed on the European Union. That’s crystal clear,” European Commission President Jean-Claude Juncker told reporters in Brussels Thursday night.

The U.K. Parliament is legally scheduled to vote on the withdrawal agreement before January 21.

Meanwhile, Luxembourg Prime Minister Xavier Bettel told CNBC in Brussels that it is time for U.K. lawmakers “to be responsible.”

“Theresa May did the best possible deal and now MPs in London should be responsible and to know if they want to have the best possible deal or want to go in the direction where they don’t know what will come out,” he said.

“It’s in the interest of their citizens,” he added.

Sterling was down 0.6 percent against the dollar at $1.2591, with Reuters citing May’s unsuccessful Brexit trip to Brussels. The British currency also dropped 0.3 percent versus the euro to 90.025 pence.


Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: silvia amaro, dan kitwood, getty images news, getty images
Keywords: news, cnbc, companies, triggered, renegotiation, brexit, open, brussels, possible, help, backstop, agreement, british, eu, uk, told, ireland, refuses, trade


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Trump names Mick Mulvaney acting White House chief of staff, replacing John Kelly

President Donald Trump named Mick Mulvaney, director of the Office of Management and Budget, as his acting chief of staff. One source told NBC News that Trump was desperate to kill the narrative that no one wanted to be his chief of staff. A White House official told NBC Mulvaney’s term as acting chief of staff is “indefinite” and did not rule out that he could eventually be bumped up to chief of staff. One person told NBC that Mulvaney wanted to step into the role with a safe exit in place, if


President Donald Trump named Mick Mulvaney, director of the Office of Management and Budget, as his acting chief of staff. One source told NBC News that Trump was desperate to kill the narrative that no one wanted to be his chief of staff. A White House official told NBC Mulvaney’s term as acting chief of staff is “indefinite” and did not rule out that he could eventually be bumped up to chief of staff. One person told NBC that Mulvaney wanted to step into the role with a safe exit in place, if
Trump names Mick Mulvaney acting White House chief of staff, replacing John Kelly Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: christine wang, mandel ngan, afp, getty images
Keywords: news, cnbc, companies, trump, names, nbc, kelly, house, chief, john, replacing, told, white, director, mulvaney, president, staff, role, mick, acting


Trump names Mick Mulvaney acting White House chief of staff, replacing John Kelly

President Donald Trump named Mick Mulvaney, director of the Office of Management and Budget, as his acting chief of staff.

The White House budget director responded to the president’s tweet, calling it a “tremendous honor.”

The Friday announcement follows a week of speculation about who would succeed John Kelly in the role. On Saturday, Trump announced that the retired Marine Corps general would exit the administration by the end of the year.

The short list of potential replacements for Kelly reportedly included Treasury Secretary Steven Mnuchin, U.S. Trade Representative Robert Lighthizer, former New Jersey Gov. Chris Christie, and Vice President Mike Pence’s chief of staff, Nick Ayers.

Earlier Friday, Christie issued a statement asking the president to remove him from consideration for the position. One source told NBC News that Trump was desperate to kill the narrative that no one wanted to be his chief of staff.

A White House official told NBC Mulvaney’s term as acting chief of staff is “indefinite” and did not rule out that he could eventually be bumped up to chief of staff. Two sources told NBC that Mulvaney was the one who requested the “acting” title. One person told NBC that Mulvaney wanted to step into the role with a safe exit in place, if needed.

White House communications director Bill Shine told NBC that Mulvaney was picked because Trump likes and gets along with him. He said Mulvaney is “politically savvy” and “fiscally responsible.”

Mulvaney is a Republican former congressman from South Carolina and was a member of the hard-line conservative Freedom Caucus. He also recently served as the acting director for the Consumer Financial Protection Bureau, until last week when the Senate approved Trump’s nominee Kathy Kraninger to lead the watchdog agency.

A person familiar with the matter told CNBC that Russ Vought, deputy director of the Office of Management & Budget, will take on more of a leadership role at the agency.

Mulvaney had been floated as a possible chief of staff replacement as early as February when Kelly came under fire for his handling of a top aide’s domestic abuse scandal.

Kelly’s tenure as chief of staff has been plagued by tensions and confrontations with Trump and other members of the administration. He had succeeded Reince Priebus, the former head of the Republican Party who spent less than a year in the job.


Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: christine wang, mandel ngan, afp, getty images
Keywords: news, cnbc, companies, trump, names, nbc, kelly, house, chief, john, replacing, told, white, director, mulvaney, president, staff, role, mick, acting


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Elon Musk tweets fans might see a Tesla pickup truck next year

Elon Musk Tesla’s pickup truck is coming and it’s going to look “really futuristic-like cyberpunk, ‘Blade Runner,'” he told Recode in November (referring to the sci-fi movie). Now, Musk says there might be a prototype of that “heart-stopping” truck as soon as 2019, because “he’s “dying to make a pickup truck so bad,” he tweeted Tuesday. In the Twitter exchange, Musk said the pickup will have “dual motor all-wheel drive w crazy torque & a suspension that dynamically adjusts for load. Those will b


Elon Musk Tesla’s pickup truck is coming and it’s going to look “really futuristic-like cyberpunk, ‘Blade Runner,'” he told Recode in November (referring to the sci-fi movie). Now, Musk says there might be a prototype of that “heart-stopping” truck as soon as 2019, because “he’s “dying to make a pickup truck so bad,” he tweeted Tuesday. In the Twitter exchange, Musk said the pickup will have “dual motor all-wheel drive w crazy torque & a suspension that dynamically adjusts for load. Those will b
Elon Musk tweets fans might see a Tesla pickup truck next year Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: sarah berger
Keywords: news, cnbc, companies, fans, truck, twitter, soon, told, pickup, testing, teslas, tweets, tesla, tweeted, elon, musk


Elon Musk tweets fans might see a Tesla pickup truck next year

Elon Musk Tesla’s pickup truck is coming and it’s going to look “really futuristic-like cyberpunk, ‘Blade Runner,'” he told Recode in November (referring to the sci-fi movie).

Now, Musk says there might be a prototype of that “heart-stopping” truck as soon as 2019, because “he’s “dying to make a pickup truck so bad,” he tweeted Tuesday.

Musk’s tweet has since racked up over 4,000 likes and prompted nearly 600 comments.

The Tesla CEO has already shared an image of the what the pickup might look like (above).

Though Musk told Recode he couldn’t share details on the pickup, in June, he asked his millions of Twitter followers what they would like to see in the truck and got thousands of responses.

In the Twitter exchange, Musk said the pickup will have “dual motor all-wheel drive w crazy torque & a suspension that dynamically adjusts for load. Those will be standard” and “Pickup truck will have power outlets allowing use of heavy duty 240V, high power tools in field all day. No generator needed.”

When a Twitter user suggested the vehicle should be able to detect a young child crossing in front of the car, Musk responded, “Camera & onboard neural net should detect [that]. If very close (below 15 ft), will show up on ultrasonics.”

In 2017, Musk tweeted the pickup would be unveiled “in 18 to 24 months,” but more recently said the pickup would be made after Tesla’s Model 3 (now in production) and its upcoming Y SUV, according to CNBC.

But a pickup isn’t the only thing Musk has in mind for Tesla: In a Dec. 9 tweet, Musk revealed that Tesla is testing automated driving with no driver input and Musk said the results “will blow your mind. Automatically passes slow cars & takes highway interchanges & off-ramps,” he tweeted.

“Already testing traffic lights, stop signs & roundabouts in development software,” he added. “Your Tesla will soon be able to go from your garage at home to parking at work with no driver input at all.”

Don’t miss: If you invested $1,000 in Tesla in 2010, here’s how much you’d have now

Like this story? Like CNBC Make It on Facebook!


Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: sarah berger
Keywords: news, cnbc, companies, fans, truck, twitter, soon, told, pickup, testing, teslas, tweets, tesla, tweeted, elon, musk


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Starbucks, Uber CEOs talk new partnership, emphasis on company culture

The new partnership between coffee giant Starbucks and Uber’s delivery division, Uber Eats, came around in part because of Uber’s continued efforts to improve its culture, Uber CEO Dara Khosrowshahi told CNBC on Friday. In a joint “Mad Money” interview with Starbucks President and CEO Kevin Johnson, Khosrowshahi told CNBC’s Jim Cramer that “culture work is never done.” “The fact is that some of the Uber culture was good in that it created an incredible company that grew extraordinarily fast [and


The new partnership between coffee giant Starbucks and Uber’s delivery division, Uber Eats, came around in part because of Uber’s continued efforts to improve its culture, Uber CEO Dara Khosrowshahi told CNBC on Friday. In a joint “Mad Money” interview with Starbucks President and CEO Kevin Johnson, Khosrowshahi told CNBC’s Jim Cramer that “culture work is never done.” “The fact is that some of the Uber culture was good in that it created an incredible company that grew extraordinarily fast [and
Starbucks, Uber CEOs talk new partnership, emphasis on company culture Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, khosrowshahi, starbucks, ceos, culture, johnson, uber, told, ceo, ubers, emphasis, partners, partnership, talk, company


Starbucks, Uber CEOs talk new partnership, emphasis on company culture

The new partnership between coffee giant Starbucks and Uber’s delivery division, Uber Eats, came around in part because of Uber’s continued efforts to improve its culture, Uber CEO Dara Khosrowshahi told CNBC on Friday.

In a joint “Mad Money” interview with Starbucks President and CEO Kevin Johnson, Khosrowshahi told CNBC’s Jim Cramer that “culture work is never done.”

Still, he said, he believes Uber is in a stronger position now than last year, when Uber’s founder and former CEO Travis Kalanick resigned amid ongoing revelations about widespread problematic behavior throughout the company and its upper ranks. When Khosrowshahi took over, he vowed to repair the company’s “moral compass.”

“The fact is that some of the Uber culture was good in that it created an incredible company that grew extraordinarily fast [and] innovated very quickly,” Khosrowshahi, former CEO of Expedia, told Cramer. “But I think that what happens is success sometimes imprints faster than failure, and sometimes, when you succeed too fast, you don’t take the time to kind of rebuild the frameworks from within.”

“Now, I think we’re at a much better point in time. We get to have partners like Starbucks that are extraordinary partners that we can align with,” the Uber chief continued. “The culture work is never done, but I’m much, much happier where we are today than where we were a year ago.”

Company cultures are top of mind for many investors and consumers at a time of moral reckoning around the world. For Uber, partnering with a company like Starbucks — known for its high moral standards — is a major win as the ride-hailing service readies itself for a potential initial public offering in 2019.

That commitment to social responsibility is what makes Starbucks so successful in China despite flares in the trade dispute between the People’s Republic and the United States, its CEO, Kevin Johnson, told Cramer from Starbucks’ newest Roastery in downtown Manhattan.

“We’ve always been a company that invests in our partners and takes care of our partners,” Johnson said, referring to his 250,000-plus employees around the world.

“As we talked to our Starbucks partners in China, one of the things that they said was important to them was being able to care for their aging parents,” the CEO said. “So we created a completely new form of insurance, which is parental illness insurance to help with catastrophic illness of parents. And now our partners have that ability to take care of their parents. It really is a family-oriented culture.”

Starbucks shares shed 2.35 percent on Friday amid marketwide weakness, settling at $65.34. At its investor meeting on Thursday, Starbucks lowered its long-term earnings forecast, but highlighted some of what management saw as its more promising growth strategies, including its delivery partnerships with Uber Eats in the U.S. and Alibaba in China.

To read the transcript from Johnson and Khosrowshahi’s complementary interview, aired on CNBC’s “Squawk on the Street” Friday, click here.


Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: elizabeth gurdus
Keywords: news, cnbc, companies, khosrowshahi, starbucks, ceos, culture, johnson, uber, told, ceo, ubers, emphasis, partners, partnership, talk, company


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VR start-ups like Dreamscape betting on location-based virtual reality

“We believe that location-based VR is the tip of the spear as it were for the entire VR industry. So you could be at home and be participating in any of the experiences in our VR locations with other people,” says Vaughn. With AMC as one of the company’s biggest backers, Dreamscape is betting that the synergy between Hollywood and virtual reality will help draw moviegoers. Dreamscape is part of a larger trend of startups building out physical retail VR locations. Disclosure: Comcast Ventures is


“We believe that location-based VR is the tip of the spear as it were for the entire VR industry. So you could be at home and be participating in any of the experiences in our VR locations with other people,” says Vaughn. With AMC as one of the company’s biggest backers, Dreamscape is betting that the synergy between Hollywood and virtual reality will help draw moviegoers. Dreamscape is part of a larger trend of startups building out physical retail VR locations. Disclosure: Comcast Ventures is
VR start-ups like Dreamscape betting on location-based virtual reality Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: stephen desaulniers, julia boorstin
Keywords: news, cnbc, companies, vr, hollywood, betting, told, vaughn, locations, comcast, ventures, startups, dreamscape, locationbased, reality, sense, virtual


VR start-ups like Dreamscape betting on location-based virtual reality

“We believe that location-based VR is the tip of the spear as it were for the entire VR industry. It will get people exposed to how unique this medium can be and also those of us who create it, we are learning the capability as well. It’s the first time that the technology has come together, not just the backpacks the headsets and the tracking, but even the physical optics in a way that we can really learn the vocabulary of this new medium,” Dreamscape CEO Bruce Vaughn told CNBC.

Vaughn says the company’s first move is to get venues opened in key locations, but he is already looking at the prospect of stepping into consumers’ homes.

“Being able to network people from the home is something we are very interested in. So you could be at home and be participating in any of the experiences in our VR locations with other people,” says Vaughn. “You can imagine there is a social aspect to that.”

With AMC as one of the company’s biggest backers, Dreamscape is betting that the synergy between Hollywood and virtual reality will help draw moviegoers. The company says some locations will be standalone locations, while others will be incorporated into AMC theaters.

Veteran film producer Walter Parkes, known for franchises such as “Men in Black,” co-founded Dreamscape with the hope that VR will become as popular as going to the movies.

“I think what’s happening in Hollywood right now, is that the studios sense there is something out there. They also sense there are many reasons for people not to go to movies at theaters: the ability to stream at home, how extraordinary the televisions and sound is. So they are very anxious not only to see VR succeed in and of itself, but also create more energy around places like this that sort of support the communal aspect of film going that is really at the essence of what we do in Hollywood,” Parkes told CNBC.

Dreamscape is part of a larger trend of startups building out physical retail VR locations. SPACES, backed by Comcast Ventures, recently opened a new “Terminator Salvation” VR experience at one of Southern California’s largest malls in Irvine. And The Void, which Disney invested in through its incubator program, is expanding to 17 locations this year, featuring a virtual Star Wars experience.

Disclosure: Comcast Ventures is part of Comcast, which is also the parent company of NBCUniversal and CNBC.


Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: stephen desaulniers, julia boorstin
Keywords: news, cnbc, companies, vr, hollywood, betting, told, vaughn, locations, comcast, ventures, startups, dreamscape, locationbased, reality, sense, virtual


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Klook entrepreneur says LinkedIn helped him find start-up co-founder

Gnock Fah was then a 26-year-old Hong Kong-based investment analyst with big plans to shake-up the travel industry. He already had a co-founder in fellow financier and long-time friend Ethan Lin, but the pair had one major problem: They needed a tech brain to execute their vision. “I didn’t know anything about tech back then from my finance background,” Gnock Fah told CNBC Make It. “I probably read through at least 500 profiles,” said the Klook co-founder, who used the language as an initial fil


Gnock Fah was then a 26-year-old Hong Kong-based investment analyst with big plans to shake-up the travel industry. He already had a co-founder in fellow financier and long-time friend Ethan Lin, but the pair had one major problem: They needed a tech brain to execute their vision. “I didn’t know anything about tech back then from my finance background,” Gnock Fah told CNBC Make It. “I probably read through at least 500 profiles,” said the Klook co-founder, who used the language as an initial fil
Klook entrepreneur says LinkedIn helped him find start-up co-founder Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: karen gilchrist, -eric gnock fah, co-founder, chief operations officer of klook, -craig dixon, program manager at accelerating asia
Keywords: news, cnbc, companies, startup, told, language, cofounder, gnock, linkedin, way, wanted, tech, helped, profiles, klook, friend, entrepreneur, fah


Klook entrepreneur says LinkedIn helped him find start-up co-founder

Gnock Fah was then a 26-year-old Hong Kong-based investment analyst with big plans to shake-up the travel industry. He already had a co-founder in fellow financier and long-time friend Ethan Lin, but the pair had one major problem: They needed a tech brain to execute their vision.

“I didn’t know anything about tech back then from my finance background,” Gnock Fah told CNBC Make It.

Not one to let that stand in his way, Gnock Fah consulted a U.S. tech friend to find out the most useful coding language — which, in 2014, he was told, was PHP — and got stalking.

“I probably read through at least 500 profiles,” said the Klook co-founder, who used the language as an initial filter. He then honed in on the most built-out profiles, reasoning that they would be most likely to respond.

“It was determination, I would say. We knew we wanted to be (a) tech-plus-travel (business).”


Company: cnbc, Activity: cnbc, Date: 2018-12-14  Authors: karen gilchrist, -eric gnock fah, co-founder, chief operations officer of klook, -craig dixon, program manager at accelerating asia
Keywords: news, cnbc, companies, startup, told, language, cofounder, gnock, linkedin, way, wanted, tech, helped, profiles, klook, friend, entrepreneur, fah


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