European markets look set for a higher open Tuesday morning. Of the major bourses, the German DAX is expected to gain the most, up 55 points at 13,517.7. The U.K.’s FTSE is seen 18 points higher at 7,733.1, while the French CAC is expected to open 17 points to the upside at 5,558.8. Those openings […]
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Singer Neil Diamond announces retirement following Parkinson's diagnosis
World-renowned singer, songwriter and performer Neil Diamond has announced his retirement from touring after being diagnosed with Parkinson’s disease. Acting on medical advice, Diamond cancelled the upcoming Australia and New Zealand legs of his 50th Anniversary tour, which were set to commence in March. Parkinson’s disease is a long-term degenerative disorder which affects the motor […]
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Saudi prince rejects criticism that it's overreached in Middle East conflicts
The former chief of Saudi Arabia’s intelligence services gave a full-throated defense of his country’s foreign policy Monday, speaking to CNBC at the sidelines of the World Economic Forum in Davos, Switzerland. Prince Turki al Faisal, who ran the Saudi kingdom’s intelligence agency from 1979 to 2001 and is an influential member of the Saudi […]
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Saudi Arabia 'has always supported Lebanon positively,' deputy leader says
Saudi Arabia’s involvement in Lebanese politics — notably its political crisis of November 2017 — is simply a matter of “relationship ups and downs,” Lebanese Deputy Prime Minister Ghassan Hasbani said at the World Economic Forum on Monday. Speaking to CNBC in Davos, Switzerland, the deputy leader had far more positive things to say about […]
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Davos sees record attendance as CEOs want answers on geopolitics, KPMG says
Global auditing firm KPMG has highlighted geopolitical risk as the main issue occupying the minds of attendees at the World Economic Forum (WEF) in Davos, Switzerland. Bill Thomas, chairman of KPMG International, told CNBC on Monday that a survey of 1,300 chief executives had showed that geopolitical risk has risen right to the top of […]
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President Donald Trump pledged to revive the coal industry and put miners back to work, but one year into his first term, there’s been little change in the beleaguered industry. Coal production is up slightly and exports were a highlight in 2017, but coal-fired power plants are still closing. The best that can be said […]
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US tax system overhaul likely to boost InterContinental Hotels and the global economy: CEO
The overhaul of the U.S. tax system has allowed one of the world’s most prominent hotel groups to expand into new territories, the chief executive of InterContinental Hotels Group (IHG) said Monday. Speaking to CNBC on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland, Keith Barr said the changes to the U.S. […]
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IMF says tax overhaul will help boost US and global growth … for now
The International Monetary Fund (IMF) has revised global growth forecasts for 2018 and 2019 upwards, saying the revision is partly down to the recently approved overhaul of the U.S. tax system under President Donald Trump. Global growth forecasts for 2018 and 2019 have both been revised upward by 0.2 percentage points to 3.9 percent. “The […]
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France would have voted to leave EU too if in UK's situation, French leader Macron says
France would likely have followed the U.K. and also voted to leave the European Union if the opportunity had presented itself, French President Emmanuel Macron said in an interview Sunday. Macron said that, if the French people had been put in a similar situation and were asked to vote “yes or no” on EU membership, […]
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Sanofi digs deep to buy US hemophilia specialist Bioverativ for $11.6 billion
French drugmaker Sanofi has agreed to buy U.S. hemophilia specialist Bioverativ for $11.6 billion, its biggest deal for seven years, which it said would strengthen its presence in treatments for rare diseases. Sanofi shares fell 3.4 percent, making the stock the worst performer on France’s benchmark CAC-40 index and several analysts deemed the deal expensive. […]
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