Angela Merkel said Wednesday that Germany needed to modernize and embrace the “digitalization” of its society and economy, no matter how disruptive such technological change might be. The German chancellor said otherwise the country risked getting left behind. “We have sound finances and made good progress in digitalization, but let me be very clear — […]
Read moreU.S. home sales fell more than expected in December as the supply of houses on the market dropped to a record low, pushing up prices and likely sidelining some first-time buyers. The National Association of Realtors said on Wednesday that existing home sales declined 3.6 percent to a seasonally adjusted annual rate of 5.57 million […]
Read moreHoward Marks believes investors should be “defensive” due to high valuations and avoid betting for a runaway market. “I’m convinced the easy money has been made,” Marks wrote in a note to clients Tuesday. On whether investors should be bullish or bearish in the current environment the investor added, “my answer today, as readers know, […]
Read moreApple announced a big iPhone update, iOS 11.3, is coming later this spring with plenty of new features including Business Chat. It’s a big deal. Imagine a day where you can quickly schedule a doctor’s appointment, buy new shoes or book a plane ticket, all from iMessage. Business Chat has the fundamentals to make that […]
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Zimbabwe is 'open for business,' new president Emmerson Mnangagwa tells Davos
Zimbabwe is open for business, Zimbabwean President Emmerson Mnangagwa told attendants at the World Economic Forum in Davos on Wednesday. “On my day of inauguration, I mentioned economics and trade cooperation would be my priority in Zimbabwe, rather than politics, in order to catch up with the region,” the newly-inaugurated Mnangagwa told a panel audience […]
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'Positive contact' with Saudi Arabia will continue beyond OPEC deal, Russia's energy minister says
Russia and Saudi Arabia will look to bolster bilateral ties beyond 2018, Russian Energy Minister Alexander Novak told CNBC on Wednesday. On Tuesday, Saudi Arabia Energy Minister Khalid al-Falih told CNBC that cooperation between OPEC and non-OPEC producers should continue — in some form or another — past the end of the calendar year. He […]
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Digital currency stellar soared 20 percent Wednesday after online payments company Stripe said it may add support for the cryptocurrency. Stellar, or XLM, climbed to about 58.96 cents, up 21.2 percent on the day, according to CoinMarketCap. That gave the digital currency a market value of about $10.3 billion, making it the sixth-largest cryptocurrency by […]
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'Saudi Arabia is different today': Kingdom seeks to reassure investors after corruption crackdown
The finance minister of Saudi Arabia has sought to reassure investors that the kingdom is a secure place to invest following a crackdown on corruption in the country that saw individuals imprisoned and assets handed over to the government. “We are creating a reform at all levels including the fact that we really need to […]
Read moreTrade deals between the U.S. and other nations are outdated, and any changes must work toward modernization, IBM chair and CEO Ginni Rometty told CNBC on Wednesday. “If you line up a set of priorities and one of the things I work on from a policy perspective, trade would be one of them,” Rometty told […]
Read moreApple announced iOS 11.3 on Wednesday, the update that will roll out this spring and will let users take more control over whether or not Apple slows down an iPhone’s battery. Apple has been slowing down iPhone 6, iPhone 6s and iPhone 6s Plus smartphones with aging batteries to preserve battery life, and users have […]
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