Lebanon must “deal with” Iran, Lebanese Prime Minister Saad Hariri told Davos attendees during a panel hosted by CNBC at the World Economic Forum. “Iran is a country that we need to deal with. Each nation must understand how it wants to deal with Iran,” Hariri told the audience. Hariri, a Sunni and dual Lebanese-Saudi […]
Read moreFrench President Emmanuel Macron has said that globalization is facing a “major crisis” and that collective action is needed to confront the challenge. “Let us not be naive, globalization is going through a major crisis and this challenge needs to be collectively fought by states and civil society in order to find and implement global […]
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Pakistan wants to reconcile its widening rift with the US — but there's one major problem
President Donald Trump‘s much-anticipated speech at the World Economic Forum (WEF) is unlikely to do anything to improve bilateral relations with Islamabad, Pakistan’s foreign minister told CNBC on Wednesday. Speaking at WEF in Davos, Switzerland, Khawaja Muhammad Asif said: “Frankly speaking, we are a bit apprehensive from what we have been hearing from over the […]
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Lebanese Prime Minister Saad Hariri says his relationship with Saudi Arabia is 'at its best'
Lebanon’s Prime Minister Saad al-Hariri has said he has “no worries” about his relationship with Saudi Arabia. Hariri resigned in November last year, accusing Iran of an assassination plot against him. He then traveled to Saudi Arabia. His stay in Saudi Arabia drew criticism from many who felt Saudi Arabia had manipulated the situation and […]
Read moreAngela 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 […]
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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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'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 […]
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Germany has difficulties and polarization that we haven’t seen for decades, Merkel tells Davos
This is a breaking news story, please check back later for more. Her comments come amid continued speculation over Germany, and indeed Merkel’s, political future after months of negotiations aimed at forming a coalition government. This after no one party gained a majority in last September’s election. Merkel’s conservative alliance of the Christian Democratic Union […]
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