Silvio Berlusconi has been prime minister of Italy three times. Despite a series of sex scandals and tax fraud convictions, the 81-year-old media mogul is once again at the center stage of Italian politics and could have a pivotal role in the upcoming general election. CNBC asked analysts what’s the secret of Berlusconi’s popularity. “The […]
Read moreAnyone watching or reading media coverage of the upcoming 2018 World Economic Forum (WEF) is bound to come across the terms “Davos Man” or “Davos Woman,” but who are these mysterious figures? Davos is the Swiss Alpine resort where the Forum is held every year, and has been since its inception in 1971, and the […]
Read moreEuropean markets were seen opening mixed Friday morning as investors watch out for developments in U.S. politics, new earnings and fresh data. The FTSE 100 is expected to open marginally up by 0.2 points at 7,691; the German DAX is seen lower by 5 points at 13,257 and the CAC 40 is set to open […]
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With eye on Brexit talks, May offers France money for border security
British Prime Minister Theresa May will offer France on Thursday 44.5 million pounds to bolster security at French border controls, part of measures to deepen cooperation that she hopes will foster goodwill in Brexit talks. At talks with French President Emmanuel Macron at Sandhurst, Britain’s army officer training academy, May wants to show that Britain […]
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One way China could be clearing a path to investment ties in Western Europe
China’s spending in Central and Eastern European countries is helping clear a path towards more investment in Western Europe, one former economic adviser to the Serbian government told CNBC on Wednesday. Beijing’s interest in Central and Eastern Europe is “because they see big potential in their return regarding their path to the European Union,” Vladimir […]
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Cryptocurrency security start-up Ledger bags $75 million, one of biggest VC raises for a blockchain-related firm
Ledger, a French start-up that makes hardware wallets for cryptocurrencies, has raised $75 million in a huge funding round. The capital was raised through a Series B round, the second stage of financing for a company, and was led by European venture capital firm Draper Esprit. Ledger claims the investment to be one of the […]
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India successfully test-fires a nuclear-capable intercontinental ballistic missile
India successfully launched a long-range intercontinental ballistic missile (ICBM) on Thursday. The nuclear-capable Agni-V ICBM was fired from Abdul Kalam island off the coast of the eastern state of Odisha at around 9:53 a.m. local time (11:23 p.m. ET on Wednesday). India’s Defense Ministry said the test was a “major boost” to the country’s defense […]
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Germany fiercely defends its trade surplus, says it would be ‘futile’ to spend more
Germany again defended its economic surplus on Thursday, despite increased criticism from the International Monetary Fund (IMF) and Europe. Jens Weidmann, president of the German central bank, all but ruled out an increase in public spending during a speech. “Raising public spending in order to reduce Germany’s current account surplus would likely be a futile […]
Read moreA newly discovered security flaw is affecting Apple‘s iPhone and Mac computers. Software developer Abraham Masri claimed to have found the bug, called “chaiOS,” and posted it on programming site GitHub on Tuesday afternoon. The so-called “text bomb” typically causes an iPhone to crash and, in some cases, restart. Sending a message which contains the […]
Read moreFrench President Emmanuel Macron is visiting the U.K. Thursday for the first time since taking office, in an attempt to secure defense cooperation post-Brexit. “I do think this meeting is particularly about quick resolutions,” Aarti Shankar, policy analyst at Open Europe, told CNBC Thursday. The meeting “will be setting the roadmap, I think, for what […]
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