European shares were mostly higher Monday afternoon, as investors monitored a U.S. government shutdown and political developments in Germany. The pan-European Stoxx 600 rose slightly in afternoon trade, up 0.25 percent, while sectors pointed in different directions. Most European bourses were higher in afternoon trade; however, the FTSE 100 came under slight pressure. Travel and […]
Read moreJust 42 people own the same amount of wealth as the poorest 50 percent worldwide, a new study by global charity Oxfam claimed. In a report published Monday, Oxfam called for action to tackle the growing gap between the super-rich and the rest of the world. Approximately 82 percent of the money generated last year […]
Read moreExpect “America First,” a broadside against unfair trade practices, tough talk toward enemies and a fair bit of bragging when U.S. President Donald Trump speaks at the World Economic Forum (WEF) next week, according to a range of policy commentators. CNBC spoke to experts from the fields of defense, foreign policy, economics and politics to […]
Read moreThere is still plenty of snow blanketing a wide swath of the nation’s neighborhoods, but the spring housing market is just around the corner. This year, it will be more competitive than ever, with the supply of homes for sale at record lows and rising mortgage rates threatening to make the situation even worse. President’s […]
Read moreCurrency, United States Finance
Oil price rally will not persuade OPEC to end production cuts, analyst says
The recent uptick in oil prices is not likely to be enough to persuade OPEC to end production cuts this summer, Richard Mallinson, geopolitical analyst at Energy Aspects, told CNBC on Friday. Crude futures have climbed to highs not seen since the early days of a slump in December 2014, prompting some analysts to suggest […]
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London's 'almost toxic' housing market might not give investors the returns they are looking for
London housing has become less attractive for investors as they see limited room for prices to pick up in the U.K.’s expensive capital city, according to analysts. Brexit and higher taxes to purchase a house have also increased concerns over investment opportunities in London, with investors considering opportunities elsewhere. “There seems limited scope for price […]
Read moreU.K. Foreign Secretary Boris Johnson is reportedly entertaining the proposition of building a bridge from Britain to France. Johnson said a 22-mile crossing to connect the U.K. and France should be built across the English Channel, according to several British media reports Friday. He apparently made the suggestion at the Sandhurst military academy in southern […]
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Berlusconi has been in politics for nearly three decades. This is the secret to his popularity
Silvio Berlusconi has been prime minister of Italy three times. Despite a series of sex scandals and tax fraud convictions, the 81-year-old media mogul is once again at the center stage of Italian politics and could have a pivotal role in the upcoming general election. CNBC asked analysts what’s the secret of Berlusconi’s popularity. “The […]
Read moreAnyone watching or reading media coverage of the upcoming 2018 World Economic Forum (WEF) is bound to come across the terms “Davos Man” or “Davos Woman,” but who are these mysterious figures? Davos is the Swiss Alpine resort where the Forum is held every year, and has been since its inception in 1971, and the […]
Read moreEuropean markets were seen opening mixed Friday morning as investors watch out for developments in U.S. politics, new earnings and fresh data. The FTSE 100 is expected to open marginally up by 0.2 points at 7,691; the German DAX is seen lower by 5 points at 13,257 and the CAC 40 is set to open […]
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