Former Vice President Al Gore, by his own admission, does not make a habit of defending President Donald Trump. The U.S. president approved controversial tariffs on imported washing machines and solar cells on Monday. The move, which is aligned to Trump’s “America First” stance on trade, aims to protect domestic manufacturers from foreign competitors. “I […]

The U.S. dollar might have skidded to a three-year low but its depreciation is not worrying for Europe just yet, a top-ranking EU official told CNBC at the World Economic Forum in Davos, Switzerland. The euro was 0.2 percent higher against the dollar Thursday morning, trading at $1.2432. This after the dollar saw its biggest […]

Diageo, the world’s largest spirits company, reported a 1.7 percent increase in half-year sales on Thursday, as growth was curbed by foreign exchange rates and issues including a later Chinese New Year and a ban on selling alcohol near Indian highways and stood by its full-year goals. Diageo said operating profit rose 6.1 percent to […]

The U.S. is setting an example for the world in terms of tax friendliness, Barclays CEO Jes Staley told CNBC while at the World Economic Forum in Davos. “The USA has clearly embarked on a strategy to be very business friendly as a regulatory matter and now as a tax matter,” Staley said Thursday. “40 […]

Patrick Pouyanne, chief executive of oil giant Total, told CNBC Wednesday that international oil markets were rebalancing thanks to the “historic” oil deal between OPEC and non-OPEC producers. “Frankly this discipline has worked,” Pouyanne said at the World Economic Forum in Davos, Switzerland. “But let’s be clear. I think the market has also reacted, it’s […]

Major European bourses look ready to begin Thursday’s trade in the red. The Italian MIB is expected to lead the drop, and is set to open down 46 points at 23,593. The German DAX is seen 21 points lower at 13,423, while the U.K. FTSE is anticipated to fare similarly, 20 points down at 7,637. […]

The current trade tension between Washington and Beijing should not be a cause for concern, the CEO of a China-focused private equity firm told CNBC. Although there is no doubt that trade tensions remain between the world’s top two economies, the countries will eventually figure out a way to compromise, cooperate and grow, Frank Tang, […]

Cultural businesses may not be the most profitable, but China Poly Group will stay the course as the conglomerate expands into that U.S. sector, according to Xu Niansha, chairman of the Chinese enterprise. The state-owned behemoth made its name as an arms dealer but is now a conglomerate with businesses spanning real estate to art. […]

The sweeping policy initiatives introduced by Prime Minister Narendra Modi since he came into power more than three years ago are already paying off, according to a closely watched Indian business leader. Vijay Sharma, founder and CEO of Indian digital payments giant Paytm, said India was an opportunity waiting to happen just a few years […]

The biggest threat to Lebanon’s stability is Israel, Lebanese Prime Minister Saad Hariri told an audience at the World Economic Forum in Davos Wednesday. “The only threat I see is Israel taking some kind of action against Lebanon, out of a miscalculation,” Hariri said. “And this is the real threat, I believe. I think the […]