Stock markets might be continuing their run higher this year but Nobel Prize-winning economist Robert Shiller told CNBC Tuesday that a market correction could come at any time and without warning. “People ask ‘well what will trigger it (a market correction)?’ But it doesn’t need a trigger, it’s the dynamics of bubbles inherently makes them […]

The U.S. decision to impose tariffs on imported solar cells will “jack up” the prices of solar panel installations for a “while”, the CEO of European utility firm Enel said Tuesday. In an announcement Monday, the U.S. Trade Representative Robert Lighthizer said that President Donald Trump had approved recommendations to impose “safeguard tariffs” on both […]

Financial institutions have fewer tools to deal with a crisis than ever before, according to Kenneth Rogoff. But the Harvard economics professor said Tuesday he remains optimistic that a financial crash isn’t imminent. “If we have another financial crisis, there isn’t even a plan A,” with regard to what central banks would do, Rogoff told […]

João Doria was elected as mayor of Brazil’s largest city, Sao Paulo, in 2017 although he has been tipped as a possible contender for president. Doria has tapped into the populist vote in Brazil although when asked if he would run for leader later this year, when a general election will be held in October […]

Britain’s competition regulator said Rupert Murdoch buying all of Sky was not in the public interest because it would give the media mogul too much influence, but set out possible remedies that could allow the $15 billion deal to go ahead. The initial ruling complicates a plan by Walt Disney Co to buy many of […]

Russia has “learned its lesson” about oil price volatility, the chief executive of the Russian Direct Investment Fund (RDIF) told CNBC Tuesday. Speaking from the World Economic Forum in Davos, RDIF CEO Kirill Dmitriev emphasized the importance of diversification in the Russian economy. “For the Russian economy we continue to focus on diversification. We expect […]

World leaders and media organizations should stop focusing on economic growth and the rise of the super-rich and start understanding the challenges of the average worker, John Studzinski, vice chairman of Blackstone Group, told CNBC Tuesday. Speaking on the sidelines of the World Economic Forum (WEF) in Davos, Studzinski said looking to worldwide gross domestic […]

UBS believes that bitcoin is a speculative investment and is not advising its clients to invest in the digital currency, the bank’s chairman told CNBC Tuesday. Speaking at the World Economic Forum in Davos, UBS Chairman Axel Weber said the bank makes a clear distinction between institutional and retail clients when it comes to investing […]

Global confidence among business leaders appears to be high given positive global growth prospects, but a number of chief executives of some of the world’s largest companies told CNBC that there was no room for complacency. PwC released a global CEO survey for 2018 this week that revealed record optimism among chief executives in terms […]

Amazon is threatening Google and Facebook‘s dominance of the digital ad space, Martin Sorrell told CNBC at the World Economic Forum in Davos on Tuesday. The CEO of WPP, the world’s largest ad company, explained why he saw a growth trajectory ahead for the American e-commerce giant’s ad business. “Amazon threatens Google in two ways. […]