The U.S. published a sweeping list of Kremlin oligarchs and officials late Monday, triggering a fierce backlash from Russian leaders. As part of a sanctions law aimed at punishing Moscow for interfering in the U.S. presidential election, the U.S. Treasury Department published a report listing a number of individuals closely affiliated with the Russian government. […]

Child development experts and advocates are urging Facebook to pull the plug on its new messaging app aimed at kids. A group letter sent Tuesday to CEO Mark Zuckerberg argues that younger children — the app is intended for those under 13 — aren’t ready to have social media accounts, navigate the complexities of online […]

Ryanair said it would allow Britain’s pilots’ association to start negotiating on issues such as pay and holidays after the Irish budget airline recognized a trade union for the first time in its 32-year history. Europe’s biggest budget airline was forced last year to recognize unions in order to avoid a Christmas strike, after it […]

Arab nations are already beginning to reap the benefits of ongoing economic reform packages, despite growing levels of frustration throughout the region, the International Monetary Fund (IMF) said Monday. Speaking at a two-day regional conference in Marrakesh, Morocco, the IMF’s Middle East and Central Asia Director Jihad Azour told CNBC: “Governments are determined to continue […]

The U.S. Treasury Department’s list released Monday detailing 210 Russian oligarchs and close political affiliates of President Vladimir Putin bears a striking similarity to a list of Russia’s richest citizens published in Forbes Magazine in 2017. In fact, almost all 96 oligarchs listed in the unclassified annex of the report, who have a net worth […]

Dutch health technology company Philips on Tuesday said its fourth-quarter sales grew 5 percent to 5.3 billion euros ($6.55 billion), buoyed by a rise in orders for high-end hospital equipment. The company’s intake of orders rose 7 percent, and sales growth was in line with expectations of analysts polled for Reuters. “We finished 2017 on […]

SAP posted 2017 results on the lower side of market expectations after Chief Executive Bill McDermott had promised a “dynamite” final quarter in its cloud business, as Europe’s toptechnology company announced a $2.4 billion U.S. acquisition. Fourth-quarter non-IFRS operating profit rose by 6 percent in constant currency terms to 2.37 billion euros ($2.93 billion), compared […]

European stocks are set to open lower on Tuesday morning, as investors await the release of fresh economic data and monitor corporate earnings. The FTSE 100 is expected to start 55 points lower at 7,613; while the DAX is seen down 92 points at 13,227 and the CAC 40 is set to open 32 points […]

The growing hype around China’s massive global infrastructure push may be due to a fear of missing out, according to a research chief at real estate agency Knight Frank. That is, more countries are expressing interest in China’s so-called Belt and Road Initiative because of just how big it is growing, Nicholas Holt, the firm’s […]

March’s general election in Italy poses a threat to stability at a time when the economy is performing well, according to the country’s economic development minister. Carlo Calenda told CNBC on Monday that the prospect of a hung parliament following the March 4 election, when it is expected that no one party will gain an […]