The finance minister of Saudi Arabia has sought to reassure investors that the kingdom is a secure place to invest following a crackdown on corruption in the country that saw individuals imprisoned and assets handed over to the government. “We are creating a reform at all levels including the fact that we really need to […]

This is a breaking news story, please check back later for more. Her comments come amid continued speculation over Germany, and indeed Merkel’s, political future after months of negotiations aimed at forming a coalition government. This after no one party gained a majority in last September’s election. Merkel’s conservative alliance of the Christian Democratic Union […]

Actress and campaigner Cate Blanchett called on the world to adopt a more compassionate approach to refugees on Tuesday. The UNHCR goodwill ambassador told an audience at the World Economic Forum (WEF) in Davos, Switzerland, that not only do refugees need support in the form of nutrition, healthcare and shelter, they also need to be […]

Mexico’s Finance Minister Jose Antonio Anaya appeared confident in the future of the North American Free Trade Agreement (NAFTA), telling CNBC Wednesday that dialogue between the trade partners was ongoing. “Our central scenario is that this will go to a good deal,” Anaya said while at the World Economic Forum at Davos. “We believe trade […]

Bollywood star Shah Rukh Khan has urged world leaders to support the MeToo movement at the World Economic Forum (WEF) in Davos, Switzerland. “This uprising that is happening in America, which is spreading all over the world, with the hashtag MeToo, is actually a sign of (the) times, it is what is the truth, what […]

In what appears to be a thinly-veiled attack on the U.S. administration, the founder and executive chairman of the e-commerce behemoth Alibaba said trade should not be used as a weapon. “Don’t use trade as the weapon, use trade as the solution to solve the problems,” Jack Ma said at a panel on the future […]

World leaders speaking at the World Economic Forum in Davos have made it clear that they disagree with the anti-free trade rhetoric coming out of the United States. Without always naming the United States, the heads of state of Brazil, India, Canada and Italy all said they disagree with what they believe is an anti-free […]

European Union (EU) antitrust regulators slapped a 997 million euro ($1.23 billion) fine on U.S. chipmaker Qualcomm on Wednesday for paying Apple so that the iPhone maker only used its chips. The European Commission, which launched an investigation into the matter in 2015, said the exclusivity payments began in 2011. “Qualcomm illegally shut out rivals […]

Many in Europe are looking to “punish” the U.K. for voting to leave the European Union, the finance minister of Luxembourg told CNBC on Wednesday. Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Pierre Gramegna said that those with such an agenda would never admit to it. “There are many people out there […]

A correction in the stock market is not a question of “if” but “when,” according to Allianz CEO Oliver Bate. Speaking to CNBC at the World Economic Forum in Davos, Switzerland, the bank chief acknowledged the ever-improving health of the global economy but warned of major danger spots ahead. “Underlying economic growth has been much […]