The global health-care industry faces a “huge disruption” as technology heavyweights jostle for consumers with traditional providers, the chief executive of a major pharmaceutical company said. Yitzhak Peterburg, interim president and CEO at Teva Pharmaceutical, told CNBC on the sidelines of the World Economic Forum’s annual June meeting in Dalian that digital disruption is an […]

China is sending a “remarkably strong signal” about stemming capital outflows by going after big companies, said Eswar Prasad, the former head of the IMF‘s China division. “I think there is a concern here that corporate outflows, among other types of outflows, may be providing a cover for the illegitimate capital outflows, the capital flight […]

China‘s economic growth will accelerate because the country will finally get leaders who aren’t scared, a former adviser to China’s central bank said Wednesday. “The most important reason is that there is a new group of officials being appointed … (who will emerge) around the 19th Party Congress which will be in mid to late […]

Technology companies, whose recent share volatility has captured much attention worldwide, have “more substance” now compared with the dotcom boom, the chief executive of a global investment firm said. Thomas Finke, chairman and CEO of Barings, told CNBC at the sidelines of the World Economic Forum in Dalian, China that companies such as Amazon are […]

U.S. Secretary of State Rex Tillerson agreed to work toward seeking a resolution to a Saudi Arabia-led effort to isolate Qatar, the gulf country’s foreign ministry said in a statement. Tillerson met with Qatar Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani this week, the first meeting since the blockade began, the statement said. “The […]

Salesforce Chief Executive Marc Benioff revealed on Tuesday that he has been at his most aggressive with President Donald Trump when advising him to implement apprenticeship schemes to help retrain swathes of U.S. workers. Benioff first raised hopes of introducing an extensive apprenticeship program at a White House meeting in March. He emphasized that the […]

DALIAN, China — China kicked off the World Economic Forum’s annual summer meeting with a much-anticipated speech by Premier Li Keqiang, which offered a rare glimpse into what authorities are thinking about the world’s second-largest economy. But what China’s second-most powerful man didn’t say was just as important as what he did. Li’s Tuesday speech […]

DALIAN, China — Technology is transforming the world, but if businesses and governments aren’t careful, innovation could hurt society by exacerbating inequality, rather than making lives better. That was the message from global business leaders Tuesday in Dalian, China, as the emphasis lay squarely on cutting-edge creations that benefit everyone. The event, the World Economic […]

Chinese CEOs are less optimistic in their growth outlooks for the world economy than their global peers, according to a study released by professional services firm KPMG on Tuesday. Only 54 percent of CEOs at China-based firms surveyed say they’re confident in the global economic growth outlook, versus 69 percent of top executives at firms […]

London’s status as a global financial technology hub could be undermined if Brexit complicates the ability of companies to operate across Europe and access to talent becomes difficult, the co-founder of an international online money transfer platform warned Tuesday. Brexit talks kicked off last week between the U.K. and the European Union, following an election […]