Cultural businesses may not be the most profitable, but China Poly Group will stay the course as the conglomerate expands into that U.S. sector, according to Xu Niansha, chairman of the Chinese enterprise. The state-owned behemoth made its name as an arms dealer but is now a conglomerate with businesses spanning real estate to art. […]

The sweeping policy initiatives introduced by Prime Minister Narendra Modi since he came into power more than three years ago are already paying off, according to a closely watched Indian business leader. Vijay Sharma, founder and CEO of Indian digital payments giant Paytm, said India was an opportunity waiting to happen just a few years […]

The biggest threat to Lebanon’s stability is Israel, Lebanese Prime Minister Saad Hariri told an audience at the World Economic Forum in Davos Wednesday. “The only threat I see is Israel taking some kind of action against Lebanon, out of a miscalculation,” Hariri said. “And this is the real threat, I believe. I think the […]

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 […]

French 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 […]

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 […]

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 […]

Angela 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 — […]

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 […]

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 […]