The Vatican has given President Donald Trump its advice on what he should say during his address to global business and political leaders in Davos, Switzerland. When asked what he believed needed to be in Trump’s address to attendees of the World Economic Forum (WEF) on Friday, Cardinal Peter Turkson, Prefect at the Vatican’s Dicastery […]
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Estonia has no doubts on Trump's commitment to NATO, says Prime Minister Juri Ratas
The relationship between Estonia and the President Donald Trump administration is solid, Estonian Prime Minister Juri Ratas told CNBC at the World Economic Forum on Friday, countering doubts over the current U.S. government’s commitment to its NATO ally. Asked if Trump has been a dedicated friend so far, the prime minister replied, “We have a […]
Read morePresident Donald Trump has created, along with other male leaders, a wave of misogyny around the world, one of the co-chairs at the World Economic Forum (WEF) told CNBC on Friday morning. Sharan Burrow, the general secretary of International Trade Union Confederation and one of the seven female co-chairs of this year’s event in Davos, […]
Read morePresident Donald Trump is expected to deliver an “America First” message when he speaks at the World Economic Forum (WEF) on Friday. Trump has been meeting business executives and other world leaders during his two-day stay in the Swiss Alps. His presence at the Forum will culminate with the speech on Friday afternoon, when he […]
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Europe has a financial problem as Brexit leaves a gap in its budget, says top EU official
Brexit is leaving the European Union with a big problem on its hands and a “very tough” negotiation ahead, European Commission Vice-President Jyrki Katainen told CNBC on Friday. The U.K. has been one of the main contributors to the European budget, but once it has left the bloc there will be a gap in the […]
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Trump is changing the mood on tax in Europe, says Ireland’s finance chief
Leaders of major economies like President Donald Trump are making the case for lower corporate taxes and Europe should pay attention, Irish Finance Minister Paschal Donohoe told CNBC at the World Economic Forum on Friday. Asked if he believed Trump was setting an example on tax policy, Donohoe was positive. “Do I believe the mood […]
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Ikea sees 'massive opportunities' with artificial intelligence and virtual reality
Sweden’s flatpack furniture giant is exploring how to make the best use of artificial intelligence (AI) and virtual reality. Speaking at the World Economic Forum (WEF) in Davos on Thursday, Jesper Brodin, CEO of Ikea, told CNBC: “(What) we haven’t been able to do before is to find easier ways to connect with people so […]
Read morePresident Xi Jinping wasn’t present at this year’s World Economic Forum meeting in Davos, Switzerland, but the impact of his speech championing globalization at last year’s gathering lingered. Xi’s right hand man, Liu He, took to the stage in the snow-capped Swiss town to reiterate claims about China’s commitment to opening up further. Chinese business […]
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I'm 'most impressed' with Trump's openness to massive Pacific trade deal, bank chairman says
President Donald Trump‘s willingness to reconsider the massive Trans-Pacific Partnership (TPP) trade deal is an encouraging development for Rabobank. Speaking at the World Economic Forum (WEF) in Davos on Friday, Wiebe Draijer, chairman of the executive board at the Dutch lender, told CNBC: “I was most impressed by the clear signal that Trump also gave […]
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Trump offers an apology for retweeting anti-Muslim videos from British far-right group
President Donald Trump says he would publicly apologize for retweeting three graphic anti-Islamic videos posted by the deputy leader of one of the U.K.’s most far-right groups. The retweets, from back in November, did not include Trump commentary but drew widespread condemnation, including from the British prime minister’s office. The original tweets were posted by […]
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