The reform efforts underway in Saudi Arabia are extremely positive, Blackstone Group CEO Stephen Schwarzman said Thursday. Speaking at a CNBC-hosted panel at the World Economic Forum (WEF) in Davos, Switzerland, Schwarzman added that change in the kingdom is occuring at a rapid rate. “It’s sort of extraordinary what’s going on in Saudi Arabia… you […]

As U.S. President Donald Trump joins the “global elite” at the World Economic Forum (WEF) on Thursday, some politicians have warned him against isolating himself and his country. Lithuanian President Dalia Grybauskaite told CNBC that the relationship between Europe and the United States is better than what Trump’s recent rhetoric might suggest. Speaking in Davos, […]

British Prime Minister Theresa May has called on technology investors to help social networks stop providing a platform for terrorism, extremism and child abuse. Speaking at the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, May said tech companies such as Twitter and Facebook needed to take their responsibilities to society more seriously. “No […]

The World Economic Forum is in full-swing and edging ever closer to the highlight of this year’s event — the keynote address by President Donald Trump on Friday afternoon. Whether Trump signs up to the Forum’s main theme “Creating a shared future in a fractured world” remains to be seen, and many world leaders at […]

Treasury Secretary Steven Mnuchin said Thursday that he wants to increase the level of U.S. trade, but where it is deemed to be unfair, measures will be taken. Speaking during a CNBC panel session at the World Economic Forum in Davos, Mnuchin said the U.S. as a nation wanted “more trade, not less trade” but […]

The U.S. is still on schedule to meet its obligations on the Paris Climate Agreement despite its decision to pull out of the accord, according to former Vice President Al Gore. “Several governors of our largest states, hundreds of cities and thousands of U.S. businesses are now ensuring that the U.S. will not only meet […]

Treasury Secretary Steven Mnuchin said Thursday that he spends little time thinking about dollar weakness over the short term, on the back of his previous comments which sent the U.S. currency reeling amid fears of a trade war. Speaking during a CNBC moderated panel at the World Economic Forum in Davos, Mnuchin said dollar weakness […]

For the past year, weekly senior staff meetings at global firm Salesforce have been attended by an artificial intelligence (AI) machine known as “Einstein.” Marc Benioff, the cloud-based software company’s CEO, revealed Thursday that he relied on the software every Monday morning. Speaking on a panel at the World Economic Forum (WEF) in Davos, Switzerland, […]

Rapid advancements in technology will help to create “completely new” industry solutions over the coming years, according to the CEO of software group Dassault Systemes. Speaking at the World Economic Forum in Davos, Switzerland, Bernard Charles told CNBC on Thursday: “I think we are going beyond digitalization of the new industry, I think this is […]

Sudden changes in volatility and monetary policy could spark an “interesting” period for stock markets in the next couple of years, the CEO of Barclays warned Thursday. Speaking at the World Economic Forum in Davos, Jes Staley noted that financial conditions are somewhat reminiscent of the run-up to the global financial crash of 2008. “Asset […]