The overhaul of the U.S. tax system has allowed one of the world’s most prominent hotel groups to expand into new territories, the chief executive of InterContinental Hotels Group (IHG) said Monday. Speaking to CNBC on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland, Keith Barr said the changes to the U.S. […]

The International Monetary Fund (IMF) has revised global growth forecasts for 2018 and 2019 upwards, saying the revision is partly down to the recently approved overhaul of the U.S. tax system under President Donald Trump. Global growth forecasts for 2018 and 2019 have both been revised upward by 0.2 percentage points to 3.9 percent. “The […]

France would likely have followed the U.K. and also voted to leave the European Union if the opportunity had presented itself, French President Emmanuel Macron said in an interview Sunday. Macron said that, if the French people had been put in a similar situation and were asked to vote “yes or no” on EU membership, […]

French drugmaker Sanofi has agreed to buy U.S. hemophilia specialist Bioverativ for $11.6 billion, its biggest deal for seven years, which it said would strengthen its presence in treatments for rare diseases. Sanofi shares fell 3.4 percent, making the stock the worst performer on France’s benchmark CAC-40 index and several analysts deemed the deal expensive. […]

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 […]

Just 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 […]

Expect “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 […]

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 […]

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 […]

U.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 […]