Baidu hinted at “a lot more exciting deals” to come in the video content space this year, after the Chinese internet giant inked an agreement with U.S. streaming giant Netflix to bring some of its shows to China. The search giant, which is often dubbed the “Google of China,” has a video subscription streaming service […]

Thousands of anti-capitalist protestors marched through Swiss cities Tuesday evening, in order to protest against President Donald Trump‘s scheduled visit to the World Economic Forum (WEF). Flag-waving demonstrators were seen carrying anti-globalist and environmentalist placards such as, “No Trump, no coal, no gas, no fossil fuels” as they marched near Zurich’s financial district. Some protestors […]

Chinese entrepreneurs are focused on their domestic market, but they will start looking abroad within the next five to 10 years, according to the chairman and CEO of venture capital firm Sinovation Ventures. When that time comes, the Chinese business approach will lead to those companies taking a larger share of foreign markets than their […]

Capital markets have very little capacity to deal with a move in real interest rates, Barclays Chief Executive Jes Staley told a panel during the World Economic Forum in Davos, Switzerland. The American banker and former J.P. Morgan CEO outlined the positive fundamentals of today’s economy, but issued caution over what he saw as major […]

Debt, geopolitics, unexpected world events and a widespread sense of general happiness: these are the things that worry private equity billionaire David Rubenstein the most. The co-founder of global private equity firm Carlyle Group detailed his concerns while speaking at the World Economic Forum in Davos, during a panel on Tuesday entitled “The Next Financial […]

The International Monetary Fund raised its projection for growth in China this year and the Chinese consumer is set to be a big part of that story. “I think IMF’s renewed number is very realistic,” John Zhao, CEO of private equity firm Hony Capital, told CNBC at the World Economic Forum in Davos. The organization […]

Major European markets are pointing in different directions ahead of Wednesday’s open. The U.K. FTSE is expected to open 7 points lower at 7,721. Meanwhile, the French CAC is seen 6 points higher at 5,535. The German DAX is set for a marginally higher open, up 0.2 points to 13,562. The anticipated mixed trade echoes […]

Indian Prime Minister Narendra Modi highlighted his country’s democratic strengths in what some analysts interpreted as a dig at China during an address to global government and business leaders. Modi — the first Indian prime minister to attend the annual World Economic Forum meeting in Davos, Switzerland since 1997 — delivered Tuesday’s opening plenary address, […]

Companies are likely to focus on bolstering their capital in the wake of massive U.S. tax cuts, although making accurate predictions on their effects is impossible, according to Carlyle Group co-founder David Rubenstein, who spoke during a panel at the World Economic Forum in Davos. “We really don’t know what the impacts are going to […]

The U.S. will suffer the most if it follows the Donald Trump administration’s plan to adopt an “America First” policy, the president of Colombia said Tuesday. Speaking to CNBC at the World Economic Forum (WEF) in Davos, Switzerland, Juan Manuel Santos said he was a strong believer in free trade. “Protectionism is something that will […]