European markets look likely to rise sharply as they begin trading on Friday. The Italian MIB’s ascent is expected to be the steepest, with the index seen up 105 points at 23,773. Meanwhile the German DAX is also set for a rally, seen up 65 points at 13,344. The U.K. FTSE and French CAC are […]

Making money — not following political directives — is the top priority for Chinese state-owned train giant CRRC, its chairman claimed this week. “As an enterprise, CRRC seeks profits. So when we look at the orders, we first assess our interest, the other things come later,” Liu Hualong, the company’s chair, said in Mandarin. Considerations […]

The leader of a conglomerate of unions representing 20 million workers said Thursday that the ordinary American won’t benefit from changes to the U.S. tax system. Philip Jennings, general secretary at the UNI Global Union, told CNBC at the World Economic Forum (WEF) in Davos, Switzerland, that the tax cuts would not make any difference […]

The reform efforts underway in Saudi Arabia are extremely positive, Blackstone Group CEO Stephen Schwarzman said Thursday. Speaking at a CNBC-hosted panel at the World Economic Forum (WEF) in Davos, Switzerland, Schwarzman added that change in the kingdom is occuring at a rapid rate. “It’s sort of extraordinary what’s going on in Saudi Arabia… you […]

As U.S. President Donald Trump joins the “global elite” at the World Economic Forum (WEF) on Thursday, some politicians have warned him against isolating himself and his country. Lithuanian President Dalia Grybauskaite told CNBC that the relationship between Europe and the United States is better than what Trump’s recent rhetoric might suggest. Speaking in Davos, […]

British Prime Minister Theresa May has called on technology investors to help social networks stop providing a platform for terrorism, extremism and child abuse. Speaking at the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, May said tech companies such as Twitter and Facebook needed to take their responsibilities to society more seriously. “No […]

The World Economic Forum is in full-swing and edging ever closer to the highlight of this year’s event — the keynote address by President Donald Trump on Friday afternoon. Whether Trump signs up to the Forum’s main theme “Creating a shared future in a fractured world” remains to be seen, and many world leaders at […]

Treasury Secretary Steven Mnuchin said Thursday that he wants to increase the level of U.S. trade, but where it is deemed to be unfair, measures will be taken. Speaking during a CNBC panel session at the World Economic Forum in Davos, Mnuchin said the U.S. as a nation wanted “more trade, not less trade” but […]

The U.S. is still on schedule to meet its obligations on the Paris Climate Agreement despite its decision to pull out of the accord, according to former Vice President Al Gore. “Several governors of our largest states, hundreds of cities and thousands of U.S. businesses are now ensuring that the U.S. will not only meet […]

Treasury Secretary Steven Mnuchin said Thursday that he spends little time thinking about dollar weakness over the short term, on the back of his previous comments which sent the U.S. currency reeling amid fears of a trade war. Speaking during a CNBC moderated panel at the World Economic Forum in Davos, Mnuchin said dollar weakness […]