The US and China made ‘substantial progress’ at trade talks, Chinese vice premier says

“Stopping the escalation of the trade war benefits China, the U.S and the whole world. It’s what producers and consumers alike are hoping for,” Liu said in a rare public speech about the trade war. China and the United States reached a limited deal last week toward ending the trade war that has roiled global markets and hammered world growth. China’s third-quarter economic growth slowed to an annual 6.0%, its weakest pace in almost three decades as the bruising trade war hit factory production a


“Stopping the escalation of the trade war benefits China, the U.S and the whole world.
It’s what producers and consumers alike are hoping for,” Liu said in a rare public speech about the trade war.
China and the United States reached a limited deal last week toward ending the trade war that has roiled global markets and hammered world growth.
China’s third-quarter economic growth slowed to an annual 6.0%, its weakest pace in almost three decades as the bruising trade war hit factory production a
The US and China made ‘substantial progress’ at trade talks, Chinese vice premier says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-19
Keywords: news, cnbc, companies, core, vice, premier, trade, progress, liu, substantial, economic, china, growth, week, sides, chinese, talks, world, war


The US and China made 'substantial progress' at trade talks, Chinese vice premier says

President Donald Trump, right, shakes hands with Liu He, China’s vice premier, during a meeting in the Oval Office of the White House in Washington, D.C., on Friday, Oct. 11, 2019.

Chinese Vice Premier Liu He said on Saturday that will work with the to address each other’s core concerns on the basis of equality and mutual respect, and that stopping the trade war would be good for both sides and the world.

“The two sides have made substantial progress in many fields, laying an important foundation for the signing of a phased agreement,” Liu, also the chief negotiator in the trade talks, told a virtual reality conference in Nanchang, the capital of southeastern Jiangxi province.

“Stopping the escalation of the trade war benefits China, the U.S and the whole world. It’s what producers and consumers alike are hoping for,” Liu said in a rare public speech about the trade war.

China and the United States reached a limited deal last week toward ending the trade war that has roiled global markets and hammered world growth. Both sides are working toward a written agreement.

China’s third-quarter economic growth slowed to an annual 6.0%, its weakest pace in almost three decades as the bruising trade war hit factory production and investment sentiment.

Liu said on Saturday that China will step up investment in core technologies to accelerate economic restructuring, adding economic prospects remain “very bright.”

“We’re not worried about short-term economic volatility. We have every confidence in our ability to meet macroeconomic targets for the year,” he said.

Liu said improved relations between China and the United States benefited the world.

“Growth in Sino-U.S. economic and trade cooperation is connected to peace, stability and prosperity of the whole world,” he said.

“China and the U.S. can meet each other half way, based on equality and mutual respect, addressing each other’s core concerns, striving to create a good environment and achieving both sides’ common goals.”

The International Monetary Fund estimated that a tentative trade deal reached by Washington and Beijing last week could reduce the harm done by tit-for-tat tariffs imposed by both countries over the past 15 months.

Instead of dragging global growth down by 0.8%, the impact might be limited to 0.6%, Managing Director Kristalina Georgieva said on Thursday.


Company: cnbc, Activity: cnbc, Date: 2019-10-19
Keywords: news, cnbc, companies, core, vice, premier, trade, progress, liu, substantial, economic, china, growth, week, sides, chinese, talks, world, war


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Democrats call Trump’s Doral G-7 pick ‘outrageous’ — GOP senator says it shows ‘tremendous integrity’

Republican presidential candidate Donald Trump makes an appearance prior to the start of play during the final round of the World Golf Championships-Cadillac Championship at Trump National Doral Blue Monster Course on March 6, 2016 in Doral, Florida. But even as they did so, a Republican senator said that the decision to have Trump National Doral Miami, which is owned by the president’s company, host the conference of world leaders shows Trump’s “integrity.” “It may seem careless politically, bu


Republican presidential candidate Donald Trump makes an appearance prior to the start of play during the final round of the World Golf Championships-Cadillac Championship at Trump National Doral Blue Monster Course on March 6, 2016 in Doral, Florida.
But even as they did so, a Republican senator said that the decision to have Trump National Doral Miami, which is owned by the president’s company, host the conference of world leaders shows Trump’s “integrity.”
“It may seem careless politically, bu
Democrats call Trump’s Doral G-7 pick ‘outrageous’ — GOP senator says it shows ‘tremendous integrity’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: dan mangan
Keywords: news, cnbc, companies, shows, pick, politically, trumps, murkowski, integrity, trump, national, outrageous, gop, doral, republican, world, sen, tremendous, senator


Democrats call Trump's Doral G-7 pick 'outrageous' — GOP senator says it shows 'tremendous integrity'

Republican presidential candidate Donald Trump makes an appearance prior to the start of play during the final round of the World Golf Championships-Cadillac Championship at Trump National Doral Blue Monster Course on March 6, 2016 in Doral, Florida.

Three Democratic senators are asking the White House for a raft of information to justify what they called the “outrageous” decision to have the next G-7 summit held at President Donald Trump’s Miami golf resort.

But even as they did so, a Republican senator said that the decision to have Trump National Doral Miami, which is owned by the president’s company, host the conference of world leaders shows Trump’s “integrity.”

“I don’t have any concerns about it other than just politically how it appears,” Sen. Kevin Cramer of North Dakota said Friday.

“It may seem careless politically, but on the other hand there’s tremendous integrity in his boldness and his transparency,” Cramer said.

Cramer’s Republican colleague, Sen. Lisa Murkowski of Alaska, had a completely different view that she expressed in a single word.

When asked if it is appropriate to have the G-7 at the Doral, Murkowski said, “No.”

White House acting chief of staff Mick Mulvaney on Thursday revealed that the Doral would be the site of next June’s G-7 summit.

Mulvaney said the resort was clearly the best choice among a dozen or so sites eyed by a team that evaluated the locations.


Company: cnbc, Activity: cnbc, Date: 2019-10-18  Authors: dan mangan
Keywords: news, cnbc, companies, shows, pick, politically, trumps, murkowski, integrity, trump, national, outrageous, gop, doral, republican, world, sen, tremendous, senator


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HBO’s ‘Silicon Valley’ final season riffs on Big Tech’s Washington problems and it hits close to home

HBO will premier its sixth and final season of “Silicon Valley” later this month, but its cast says the satirical series is ending at a time when it’s hitting closer to home than ever. The season will premier Oct. 27 and the first episode dives into Silicon Valley’s present-day clash with the U.S. government over monopolies, data privacy, scooters and polyamorous relationships. In the upcoming season premiere, the main character Richard Hendricks sits before congress to testify about user data.


HBO will premier its sixth and final season of “Silicon Valley” later this month, but its cast says the satirical series is ending at a time when it’s hitting closer to home than ever.
The season will premier Oct. 27 and the first episode dives into Silicon Valley’s present-day clash with the U.S. government over monopolies, data privacy, scooters and polyamorous relationships.
In the upcoming season premiere, the main character Richard Hendricks sits before congress to testify about user data.

HBO’s ‘Silicon Valley’ final season riffs on Big Tech’s Washington problems and it hits close to home Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: jennifer elias
Keywords: news, cnbc, companies, silicon, valley, tech, problems, washington, final, making, world, members, techs, hits, season, cast, started, riffs, hbos, companies


HBO's 'Silicon Valley' final season riffs on Big Tech's Washington problems and it hits close to home

HBO will premier its sixth and final season of “Silicon Valley” later this month, but its cast says the satirical series is ending at a time when it’s hitting closer to home than ever.

“We’re a little sentimental because we just wrapped production, but also because we feel like this story is just getting started,” said head of HBO comedy programming Amy Gravitt at a premiere event in San Francisco Wednesday, referring to ongoing issues facing Big Tech.

The season will premier Oct. 27 and the first episode dives into Silicon Valley’s present-day clash with the U.S. government over monopolies, data privacy, scooters and polyamorous relationships. It comes as Big Tech faces increasing scrutiny from the public, lawmakers and presidential candidates alike.

(Consider this your spoiler warning if you want to wait for the show’s premiere.)

In the upcoming season premiere, the main character Richard Hendricks sits before congress to testify about user data. Nervously sweating, he compared his moral standing to that of Facebook and Google, who he said have gotten away with monopolizing advertising and search, only to return back from Washington to learn his company used the same practices.

During a screening in San Francisco Wednesday, cast members reflected on how interactions with the public and with Silicon Valley companies themselves have morphed since the show first aired in 2014.

“A lot has changed in the way people think about tech since the show has started,” said former Twitter CEO Dick Costolo, who moderated a panel discussion with cast members after the screening.

“When we first started, it was bout outsiders trying to make a name and a business and now it’s become about people literally trying to save the world from people who have torn the fabric of society and broken the world,” director Alec Berg said.

Berg and and show creator Mike Judge said even interactions with companies have changed and —at times— proven their on-screen stereotypes.

“At first, at Google, we got a tour from a person who didn’t really know what they were doing and we got a very different tour after the show had come out,” Judge said. “It was like the media relations people — one after another — who’d say ‘Oh it’s great how you’re making fun of these companies who say they are making the world a better place, now let me show you how we are making the world a better place.'”

Actor Thomas Middleditch, who plays the main character Richard Hendricks, said techies approach him saying the show sometimes hits too close to home.

“It’s usually one of two things: ‘Oh man, I love the show — it’s like you had a camera in the room because that happened to me’ or it’s ‘hey man, I hear the show’s really good but I can’t watch it because it makes me relive my trauma at a startup.'”

The cast jokingly threw jabs at the audience, which was a combination of Silicon Valley and Hollywood types.

“How do you feel that they are un-self aware, and we can almost go individual by individual” actor Zach Woods said sarcastically, referring to audience members who work in tech.

“Say your net worth to,” Middleditch added.

Follow @CNBCtech on Twitter for the latest tech industry news.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: jennifer elias
Keywords: news, cnbc, companies, silicon, valley, tech, problems, washington, final, making, world, members, techs, hits, season, cast, started, riffs, hbos, companies


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Qatar approves minimum wage law, scraps worker exit permits

Qatar’s government said on Thursday it adopted a new minimum wage law and will scrap mandatory exit visas for all workers, part of a broad labor reform program ahead of its hosting of the 2022 World Cup. Qatar, along with other wealthy Gulf Arab states, has come under fire for what rights groups describe as poor labor conditions. The statement said the cabinet had adopted new legislation related to the draft law on a minimum wage, though it did not disclose what level the wage could be. “These s


Qatar’s government said on Thursday it adopted a new minimum wage law and will scrap mandatory exit visas for all workers, part of a broad labor reform program ahead of its hosting of the 2022 World Cup.
Qatar, along with other wealthy Gulf Arab states, has come under fire for what rights groups describe as poor labor conditions.
The statement said the cabinet had adopted new legislation related to the draft law on a minimum wage, though it did not disclose what level the wage could be.
“These s
Qatar approves minimum wage law, scraps worker exit permits Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17
Keywords: news, cnbc, companies, wage, qatars, law, rights, approves, labor, qatar, permits, reform, workers, migrant, world, exit, groups, worker, minimum, scraps


Qatar approves minimum wage law, scraps worker exit permits

Foreign laborers working on the construction site of the al-Wakrah football stadium, one of the Qatar’s 2022 World Cup stadiums, walk back to their accomodation at the Ezdan 40 compound after finishing work on May 4, 2015, in Doha’s Al-Wakrah southern suburbs.

Qatar’s government said on Thursday it adopted a new minimum wage law and will scrap mandatory exit visas for all workers, part of a broad labor reform program ahead of its hosting of the 2022 World Cup.

The Gulf state, which relies on about 2 million migrant workers for the bulk of its labor force, is also planning to ease curbs on changing employers, Qatar’s administrative development, labor and social affairs ministry said.

Qatar, along with other wealthy Gulf Arab states, has come under fire for what rights groups describe as poor labor conditions. Doha is keen to show it is tackling allegations of worker exploitation as it prepares to host the 2022 soccer World Cup, which it hopes will boost its economy and development.

The statement said the cabinet had adopted new legislation related to the draft law on a minimum wage, though it did not disclose what level the wage could be.

It added it passed another draft law which will lead to the scrapping of exit permits for all workers, adding work was also underway to enable employees to change employers more easily.

Qatar last year eliminated exit visas for some foreign migrant workers, but rights groups considered the reform incomplete as it did not apply to domestic workers and allowed companies to keep the visa requirement for up to 5% of staff.

The International Labor Organization described the measures as “a momentous step forward in upholding the rights of migrant workers” and said they were aimed at ending the “kafala” (sponsorship system).

This system is common in Gulf states where large portions of the population is foreign. In Qatar it requires workers to obtain their employers’ consent before changing jobs, which advocate groups say leaves them open to abuse.

“These steps will greatly support the rights of migrant workers, while contributing to a more efficient and productive economy,” the ILO said in a statement late on Wednesday.

It said these new reforms were expected to come into force by January 2020.

Many of the workers toiling on Qatar’s building sites, sweeping its streets and cleaning private homes come from Asian countries like Nepal, India and the Philippines.

Doha has responded to criticism by rights groups by enacting a broad reform program to guard worker rights and improve its image abroad.


Company: cnbc, Activity: cnbc, Date: 2019-10-17
Keywords: news, cnbc, companies, wage, qatars, law, rights, approves, labor, qatar, permits, reform, workers, migrant, world, exit, groups, worker, minimum, scraps


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Ray Dalio says the world is in a ‘great sag’ and echoes the 1930s

Hedge fund owner Ray Dalio said the global business cycle is in a “great sag” and the world’s economy holds at least two parallels to the 1930s. Dalio said the world was also experiencing the biggest wealth gap since the 1930s and that was creating political stress. Dalio told the CNBC panel that China’s new swagger was further evidence that the world now echoes the depression era of the last century. “Also like the 1930s, we have a rising power challenging an existing world power in the form of


Hedge fund owner Ray Dalio said the global business cycle is in a “great sag” and the world’s economy holds at least two parallels to the 1930s.
Dalio said the world was also experiencing the biggest wealth gap since the 1930s and that was creating political stress.
Dalio told the CNBC panel that China’s new swagger was further evidence that the world now echoes the depression era of the last century.
“Also like the 1930s, we have a rising power challenging an existing world power in the form of
Ray Dalio says the world is in a ‘great sag’ and echoes the 1930s Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: david reid
Keywords: news, cnbc, companies, fund, sag, world, 1930s, panel, hedge, echoes, power, dalio, cycle, great, told, ray


Ray Dalio says the world is in a 'great sag' and echoes the 1930s

Hedge fund owner Ray Dalio said the global business cycle is in a “great sag” and the world’s economy holds at least two parallels to the 1930s.

Speaking a CNBC-moderated panel at the IMF and World Bank annual meetings in Washington, D.C. on Thursday, Dalio said it was now too late for central banks to make much difference as economies enter a natural downturn.

“This cycle is fading, we are now in the world in what I would call a ‘great sag’,” said Dalio, adding that monetary policy, and especially interest rate reductions, were unlikely to offer much stimulus.

“Europe is at the limitation of that, Japan is (too) and the U.S. doesn’t have much to go on for that,” he told CNBC’s Geoff Cutmore.

Dalio said the world was also experiencing the biggest wealth gap since the 1930s and that was creating political stress.

“In the United States the top one-tenth of 1% of the population has a net worth that is approximately equal to the bottom 90%,” he said.

Dalio told the CNBC panel that China’s new swagger was further evidence that the world now echoes the depression era of the last century.

“Also like the 1930s, we have a rising power challenging an existing world power in the form of China-U.S. challenges.”

The hedge fund titan claimed there were four types of war to watch for — trade, technology, currency and geopolitical.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: david reid
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Brexit vote looked like electing a prom queen — not the future of the UK, OECD chief says

OECD Secretary-General Angel Gurria told CNBC that Brexit proponents in the United Kingdom were allowed to hijack the narrative ahead of the 2016 referendum, wrongly distributing “fairy tale” ideas of what the country would look like after leaving the EU. Speaking to CNBC’s Geoff Cutmore on Thursday at the IMF and World Bank annual meetings in Washington, D.C., he took aim at former U.K. leader David Cameron and his remain campaign, calling it an “exercise in how not to do things.” “I think the


OECD Secretary-General Angel Gurria told CNBC that Brexit proponents in the United Kingdom were allowed to hijack the narrative ahead of the 2016 referendum, wrongly distributing “fairy tale” ideas of what the country would look like after leaving the EU.
Speaking to CNBC’s Geoff Cutmore on Thursday at the IMF and World Bank annual meetings in Washington, D.C., he took aim at former U.K. leader David Cameron and his remain campaign, calling it an “exercise in how not to do things.”
“I think the
Brexit vote looked like electing a prom queen — not the future of the UK, OECD chief says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: matt clinch
Keywords: news, cnbc, companies, world, looked, brexit, chief, queen, electing, prom, wise, vote, wrongly, oecd, united, kingdom, win, future, referendum, washington, calling


Brexit vote looked like electing a prom queen — not the future of the UK, OECD chief says

OECD Secretary-General Angel Gurria told CNBC that Brexit proponents in the United Kingdom were allowed to hijack the narrative ahead of the 2016 referendum, wrongly distributing “fairy tale” ideas of what the country would look like after leaving the EU.

Speaking to CNBC’s Geoff Cutmore on Thursday at the IMF and World Bank annual meetings in Washington, D.C., he took aim at former U.K. leader David Cameron and his remain campaign, calling it an “exercise in how not to do things.”

“I think the idea of calling a referendum, or offering to call a referendum, was not very wise,” he said of Cameron’s 2015 general election pledge.

“Then you decide to have a referendum — then make sure you win it. And I can tell you it looked like they were electing the prom queen rather than looking at the future of the United Kingdom,” he added.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: matt clinch
Keywords: news, cnbc, companies, world, looked, brexit, chief, queen, electing, prom, wise, vote, wrongly, oecd, united, kingdom, win, future, referendum, washington, calling


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Netflix earnings: Most important series right now is not in English

Atmosphere at the Netflix “La Casa Di Carta” Special Fan Screening at Piazza Affari on July 18, 2019 in Milan, Italy. “La Casa Di Carta” (aka La Casa De Papel or Money Heist) is a Spanish television series edited and re-released worldwide by Netflix. Netflix has had success with original local language content in 17 different countries and chief among the big international push is “La Casa de Papel,” known as “Money Heist” in English. Breaking out beyond local bordersThe key to success of “La Ca


Atmosphere at the Netflix “La Casa Di Carta” Special Fan Screening at Piazza Affari on July 18, 2019 in Milan, Italy.
“La Casa Di Carta” (aka La Casa De Papel or Money Heist) is a Spanish television series edited and re-released worldwide by Netflix.
Netflix has had success with original local language content in 17 different countries and chief among the big international push is “La Casa de Papel,” known as “Money Heist” in English.
Breaking out beyond local bordersThe key to success of “La Ca
Netflix earnings: Most important series right now is not in English Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: jacob douglas
Keywords: news, cnbc, companies, language, netflix, right, english, success, theyre, casa, important, papel, local, earnings, world, series


Netflix earnings: Most important series right now is not in English

Atmosphere at the Netflix “La Casa Di Carta” Special Fan Screening at Piazza Affari on July 18, 2019 in Milan, Italy. “La Casa Di Carta” (aka La Casa De Papel or Money Heist) is a Spanish television series edited and re-released worldwide by Netflix. Emanuele Cremaschi | Getty Images Entertainment | Getty Images

Netflix shares rose after its third-quarter earnings, and as domestic growth for the streaming giant has slowed, more of the growth is coming from abroad. Netflix has had success with original local language content in 17 different countries and chief among the big international push is “La Casa de Papel,” known as “Money Heist” in English. The third season of the Spanish show was the most watched Netflix series across non-English-language territories with 44 million households watching the show in its first four weeks, the company reported in its Q3 shareholder letter and post-earnings video interview. The show, which follows a group of bank robbers carrying out bigtime heists in Spain, saw the group coming back together to steal gold from the Bank of Spain in its most recent season. The Álex Pina written show has quickly become Netflix’s biggest success outside of the U.S. Guggenheim analyst Mike Morris, who conducted a video interview with Netflix management on Wednesday, noted that Google search activity for series including “La Casa de Papel” increased “by multiples or at least doubling what their prior levels were.”

Breaking out beyond local borders

The key to success of “La Casa de Papel” is its popularity breaking out beyond local borders. “A lot of these titles that are hugely impactful in the country where they’re produced also tend to travel throughout the region, sometimes around the world. … Casa De Papel, the success of that show, was basically in almost every non-English-speaking territory. It was a phenomenal success,” Sarandos said. “The way that they travel and the way they make a big splash around the world is to be super authentically local and really satisfying for the viewers, starting in the home country and then expanding around the world,” he said later on the call.

Netflix chief product officer Gregory Peters said another part of the thinking is that audiences around the world “feel like we’d have never actually watched a show in that language or from that country before.” The technology now allows that global desire to be met. “It’s connecting that show, having it be localized, in language with subtitles or dubbing, whatever is appropriate for that market, and then also explaining to users, to members why they’re going to want to watch this amazing heist series from Spain and why that’s going to be a totally compelling watch for them based on the other kind of content that they’re enjoying.” Netflix also had its biggest success in Japan with “The Naked Director,” though in keeping with the long-time caginess of Netflix when it comes to revealing too much about viewership, it claimed the drama series was successful throughout Asia without providing numbers. Sarandos cited a new German show called “The Wave” as a series that could make a big splash around the world for Netflix in the future. The company expects to grow their original local language content to 30 countries, and has over 130 planned local language series in 2020.

While there is significant focus in the market on the bidding competition for rerun rights like “Friends” and “The Office,” success or failure will be driven more by Netflix’s ability to delight its members in foreign markets. Morgan Stanley


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: jacob douglas
Keywords: news, cnbc, companies, language, netflix, right, english, success, theyre, casa, important, papel, local, earnings, world, series


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Tommy Hilfiger wanted $80 million for his NYC penthouse but just sold it for $31.25 million—take a look inside

Fashion mogul Tommy Hilfiger and his wife Dee Ocleppo have sold their penthouse at The Plaza hotel in Manhattan at a deep discount. Hilfiger sold the property for $31.25 million. Before Hilfiger sold it, he gave CNBC a tour of the penthouse in 2017. “The plaza is one of the most iconic buildings in New York, maybe the world,” Hilfiger told CNBC during the tour. Hilfiger said he bought two apartments at The Plaza (reportedly for $25.5 million in 2008) and combined them.


Fashion mogul Tommy Hilfiger and his wife Dee Ocleppo have sold their penthouse at The Plaza hotel in Manhattan at a deep discount.
Hilfiger sold the property for $31.25 million.
Before Hilfiger sold it, he gave CNBC a tour of the penthouse in 2017.
“The plaza is one of the most iconic buildings in New York, maybe the world,” Hilfiger told CNBC during the tour.
Hilfiger said he bought two apartments at The Plaza (reportedly for $25.5 million in 2008) and combined them.
Tommy Hilfiger wanted $80 million for his NYC penthouse but just sold it for $31.25 million—take a look inside Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: christopher dilella
Keywords: news, cnbc, companies, yearshilfiger, penthouse, nyc, plaza, wanted, inside, tour, million, york, tommy, world, look, sold, hilfiger, milliontake


Tommy Hilfiger wanted $80 million for his NYC penthouse but just sold it for $31.25 million—take a look inside

Fashion mogul Tommy Hilfiger and his wife Dee Ocleppo have sold their penthouse at The Plaza hotel in Manhattan at a deep discount.

The home was originally listed in 2013 for $80 million and had a series of price reductions over the years.

Hilfiger sold the property for $31.25 million.

Before Hilfiger sold it, he gave CNBC a tour of the penthouse in 2017. Take a look inside.

“The plaza is one of the most iconic buildings in New York, maybe the world,” Hilfiger told CNBC during the tour. Hilfiger said he bought two apartments at The Plaza (reportedly for $25.5 million in 2008) and combined them.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: christopher dilella
Keywords: news, cnbc, companies, yearshilfiger, penthouse, nyc, plaza, wanted, inside, tour, million, york, tommy, world, look, sold, hilfiger, milliontake


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German finance chief Olaf Scholz rebuffs criticism that his country isn’t spending enough

Germany’s finance chief has rejected widespread criticism that his country is not investing enough. Europe’s largest economy benefits from a fiscal surplus as well as negative interest rates when issuing government debt. However, speaking to CNBC in an exclusive interview, German Finance Minister Olaf Scholz has made it clear that Germany is “not willing to have extra debts.” “We are spending a lot of money for investment, for public investment, we have (had) an expansionary fiscal policy in the


Germany’s finance chief has rejected widespread criticism that his country is not investing enough.
Europe’s largest economy benefits from a fiscal surplus as well as negative interest rates when issuing government debt.
However, speaking to CNBC in an exclusive interview, German Finance Minister Olaf Scholz has made it clear that Germany is “not willing to have extra debts.”
“We are spending a lot of money for investment, for public investment, we have (had) an expansionary fiscal policy in the
German finance chief Olaf Scholz rebuffs criticism that his country isn’t spending enough Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: silvia amaro
Keywords: news, cnbc, companies, criticism, rebuffs, germanys, investment, different, willing, spending, german, extra, isnt, olaf, fiscal, world, economy, finance, chief, country, scholz


German finance chief Olaf Scholz rebuffs criticism that his country isn't spending enough

Germany’s finance chief has rejected widespread criticism that his country is not investing enough.

Europe’s largest economy benefits from a fiscal surplus as well as negative interest rates when issuing government debt. This is taking place at a time when its economy is slowing down, leading different economists and institutions, including the European Central Bank, to suggest Berlin should loosen the purse strings.

However, speaking to CNBC in an exclusive interview, German Finance Minister Olaf Scholz has made it clear that Germany is “not willing to have extra debts.”

“We are spending a lot of money for investment, for public investment, we have (had) an expansionary fiscal policy in the last years. The only thing, which is different to other countries is that we are not willing to have extra debts, if there’s no need for (it) and this is the situation,” Scholz told CNBC’s Annette Weisbach on Tuesday.

Pressure on Germany’s government to spend more has gained more prominence over the last year following weaker economic data. In particular, Germany’s powerful manufacturing sector has been hit significantly due to world trade conflicts.


Company: cnbc, Activity: cnbc, Date: 2019-10-17  Authors: silvia amaro
Keywords: news, cnbc, companies, criticism, rebuffs, germanys, investment, different, willing, spending, german, extra, isnt, olaf, fiscal, world, economy, finance, chief, country, scholz


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10 places around the world that will pay you to move or live there

Here are 10 places around the world that will pay you to move or live there:1. Tulsa, OklahomaThe offer: If you work remotely but want a warmer climate than Vermont or Maine, consider applying to the Tulsa Remote program. By offering the stipend, Tulsa Remote is hoping to attract workers who can build up those sector’s of the city’s economy. The initiative awards remote workers who apply up to $5,000 per year for two years for becoming a Vermont resident. This, paired with a dwindling workforce,


Here are 10 places around the world that will pay you to move or live there:1.
Tulsa, OklahomaThe offer: If you work remotely but want a warmer climate than Vermont or Maine, consider applying to the Tulsa Remote program.
By offering the stipend, Tulsa Remote is hoping to attract workers who can build up those sector’s of the city’s economy.
The initiative awards remote workers who apply up to $5,000 per year for two years for becoming a Vermont resident.
This, paired with a dwindling workforce,
10 places around the world that will pay you to move or live there Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: aditi shrikant, myelle lansat
Keywords: news, cnbc, companies, live, remote, catch, pay, offer, world, reason, places, program, tulsa, city, workers, vermont, residents


10 places around the world that will pay you to move or live there

As the cost of housing rises and the availability of housing declines, people who are saddled with debt are even more keen to find affordable places to live. Cities and states are catching on, and many lesser populated areas are offering incentive packages to attract residents, especially younger residents. Perks being offering include paying off portions of student loans or paying for year-long visas. Here are 10 places around the world that will pay you to move or live there:

1. Maine

Maine. Twenty/20

The offer: The state has expanded its Educational Opportunity Tax Credit program, which is meant to encourage recent graduates from any state to move to Maine with an offer to pay some of their student loans. Residents will be able to deduct the total money paid in student loans from their income tax bill, up to a certain amount, depending on their degree. So, if you graduated in 2018 with a bachelor’s degree from any university or college, you can deduct $377 per month, and if you graduated with an associate’s degree in 2017, you can deduct $68 per month. The reason: Maine is the among the least populated states in the country with 1.34 million residents. (For context, Indiana is roughly the same size as Maine and has a population of 6.7 million.) Maine’s population skews older, too: The median age is 44, about six years older than the median age of the U.S. overall, so the state wants to bring in more residents, and younger ones. The catch: You must have graduated from a college, community college, or university after 2016 to apply.

2. Tulsa, Oklahoma

The offer: If you work remotely but want a warmer climate than Vermont or Maine, consider applying to the Tulsa Remote program. The city has partnered with a nonprofit, the George Kaiser Family Foundation, to offer remote workers a $10,000 stipend and $1,000 for housing for a year to move there. You’ll also get access to a desk at a coworking space in downtown Tulsa. The reason: “We have a very active effort for [attracting] secondary offices, headquarters, and advanced manufacturing companies,” Michael Basch of the George Kaiser Family Foundation told City Lab. And, he added, Tulsa isn’t as strong as they’d like to be in “tech and data science — things that are important for 21st-century companies.” By offering the stipend, Tulsa Remote is hoping to attract workers who can build up those sector’s of the city’s economy. The catch: There are several eligibility requirements: You must be able to move to Tulsa in the next six months, over the age of 18, and able to work in the U.S. The original plan was to bring between 20 and 25 people to Tulsa, and because of the overwhelming response, Tulsa Remote had to cap applications at 10,000. Though 2019 applications have closed, they will be looking for more applicants for 2020.

3. North Platte, Nebraska

The offer: The city of North Platte created the WorkNP program, which will match a local company’s funds, up to $5,000, to bring in an employee. Funds can go toward “relocation expenses, down payments or deposits, equipment purchases, help with student loan repayment, specialized training certificates, and more,” according to the program website. The reason: To get more skilled workers and incentivize local businesses to recruit out-of-state talent. The catch: Companies must pay employees at least $20 per hour, be a member of the Chamber of Commerce, and workers must commit to living in North Platte for at least three years.

4. Vermont

Vermont. Twenty/20

The offer: The Remote Workers Grant Program for 2020 funds people who are willing to relocate to Vermont. The initiative awards remote workers who apply up to $5,000 per year for two years for becoming a Vermont resident. The reason: The median age of a Vermont resident, 42, is also a bit older than the national median. And one-third of Vermont households have someone 65 or older in them, Joan Goldstein, commissioner of the Vermont Department of Economic Development, told CNN. This, paired with a dwindling workforce, inspired the creation of the Remote Workers Grant, which is intended to bring in young workers. The catch: You must be a full-time remote employee, as opposed to a part-time one, and work primarily from a home office or coworking space in Vermont. The state offers grants on a first-come, first-served basis and has a budget of $125,000 for 2019.

5. Newton, Iowa

The offer: Since 2014, Newton, Iowa has offered $10,000 cash to those who build or buy homes in Newton. You will also get a “welcome package” that is valued at more than $3,000. The reason: Newton was home to Maytag’s headquarters until 2007 when the plant shuttered and hundreds of people lost their jobs. Since then, the city has created more jobs than were lost, but there isn’t enough housing to accommodate workers. Between 2012 and 2014, no new homes were built in Newton, according to the Des Moines Register. By offering cash to buy or build a home, Newton is attempting to lure contractors and homebuyers to the city. The catch: This only applies to those who are building or buying homes that are worth $160,000 or more.

6. Hamilton, Ohio

The offer: The Talent Attraction Program Scholarship offers to pay up to $10,000 of your student loans over a 30-month period. Payments will be in installments of $300. The reason: To bring more young graduates to the area. The catch: To be eligible, you have to have graduated from college with a STEAM (science, technology, engineering, arts, or math) degree. And if you cease employment before the end of the 30-month period you will stop receiving the payments. You also must demonstrate employment in the city of Hamilton and/or Butler County.

7. Alaska

Alaska. Twenty/20

The offer: Alaska’s incentive program isn’t new, but that doesn’t make it less enticing. Called the Permanent Fund Dividend, Alaska deposits at least 25% of the money it makes from its gas, mine, and oil reserves into this fund every year. Then the amount is distributed among state residents, often working out to somewhere between $1,000 and $2,000 per person. The reason: The fund was created by Governor Jay Hammond in 1976, who wanted to ensure Alaskans would get a cut of the profits generated by their state’s natural resources. The catch: In 2018, permanent residents were given $1,606. To be eligible for a 2019 dividend, you must live in Alaska during 2018 and not have claimed residency anywhere since December 2017.

8. Niagara Falls, New York

The offer: Niagara Falls is offering to pay off up to $7,000 of your student loans over a two-year period. The reason: Primarily known for its tourism, the city is trying to attract permanent, and younger, residents. The catch: To qualify, you need to have received a two-year technical degree within the last two years or a bachelor’s degree within the last three years. You also must move to Downtown Niagara falls, which is walking distance to Niagara Falls State Park.

9. Antikythera, Greece

The offer: The Greek Orthodox Church is giving out thousands of dollars to people willing to migrate to this small Greek island. The program promises about $565 per month (500 euros) for the first three years after moving, which adds up to a little over $22,000. The reason: About 20 people live on the Antikythera island of Greece. The church is hoping that this incentive will increase the population and stimulate the economy. The catch: Preference will be given to Greek citizens, but anyone can apply.

10. Chile


Company: cnbc, Activity: cnbc, Date: 2019-10-16  Authors: aditi shrikant, myelle lansat
Keywords: news, cnbc, companies, live, remote, catch, pay, offer, world, reason, places, program, tulsa, city, workers, vermont, residents


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