Consumers may be cutting the cord, but Comcast‘s bets on high-speed internet and film franchises are providing fresh sources of growth. The media and cable giant reported quarterly earnings on Wednesday that beat analyst expectations, and revenue that topped estimates, as the company grew its customer base in high-speed internet and business services, offsetting lost […]
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World leaders rally against 'protectionism' before Trump gets to Davos
World leaders speaking at the World Economic Forum in Davos have made it clear that they disagree with the anti-free trade rhetoric coming out of the United States. Without always naming the United States, the heads of state of Brazil, India, Canada and Italy all said they disagree with what they believe is an anti-free […]
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THERE may have been a “Trump bump” in the stockmarket but the opposite has been true in currency markets. The dollar has steadily weakened and the administration does not seem too concerned about it. Steven Mnuchin, the Treasury secretary, said this week that Obviously a weaker dollar is good for us as it relates to […]
Read moreEuropean Union (EU) antitrust regulators slapped a 997 million euro ($1.23 billion) fine on U.S. chipmaker Qualcomm on Wednesday for paying Apple so that the iPhone maker only used its chips. The European Commission, which launched an investigation into the matter in 2015, said the exclusivity payments began in 2011. “Qualcomm illegally shut out rivals […]
Read moreHackers are targeting app stores from the likes of Apple and Google with malicious cryptocurrency apps to steal money and personal data, according to a study. Researchers at cybersecurity firm RiskIQ analyzed more than 18,000 apps to detect ones that are blacklisted by cybersecurity vendors. Their research found that 661 blacklisted cryptocurrency apps were found […]
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Many in Europe wish to punish the UK for leaving the EU, says Luxembourg finance minister
Many in Europe are looking to “punish” the U.K. for voting to leave the European Union, the finance minister of Luxembourg told CNBC on Wednesday. Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Pierre Gramegna said that those with such an agenda would never admit to it. “There are many people out there […]
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'Absolutely clear’ that a market correction will happen, warns Allianz CEO
A correction in the stock market is not a question of “if” but “when,” according to Allianz CEO Oliver Bate. Speaking to CNBC at the World Economic Forum in Davos, Switzerland, the bank chief acknowledged the ever-improving health of the global economy but warned of major danger spots ahead. “Underlying economic growth has been much […]
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Wilbur Ross: Trade wars aren't new but 'US troops are coming to the ramparts'
U.S. Commerce Secretary Wilbur Ross appeared to suggest Wednesday that the United States was ready to enter into trade wars. Speaking at a press conference at the World Economic Forum (WEF) in Davos, Switzerland, Ross said: “There have always been trade wars. The difference now is U.S. troops are now coming to the ramparts.” Asked […]
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China will hit an economic 'speed bump' in the 2030s, one key innovator says. Here's why
China’s famous One Child Policy could mean that the economic powerhouse’s growth potential has a sell-by-date, according to James Liang, co-founder and chairman of Chinese online travel platform CTrip. Speaking to CNBC at the World Economic Forum (WEF) in Davos, Switzerland, Liang attributed Beijing’s economic success over the past decade to its “huge young cohort […]
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Cancer could soon be spotted by technology 'several months' before it occurs
The chief executive of Nokia said he believes technology can spot cancer “several months” before it occurs. Speaking at a panel at the World Economic Forum in Switzerland, Rajeev Suri outlined his vision for the future of medical treatment which included remote surgeries, 5G ambulances, and miniaturized wearable scanners. “With these sort of products, you […]
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