Italy’s convicted former Prime Minister Silvio Berlusconi may have regained public favour at a local level but he is “absolutely not” in line to make a return to frontline politics, Carla Ruocco of opposition party Five-Star Movement told CNBC. Berlusconi, who has served four terms as Prime Minister but was banned from office amid tax […]
Read moreDALIAN, China — Technology is transforming the world, but if businesses and governments aren’t careful, innovation could hurt society by exacerbating inequality, rather than making lives better. That was the message from global business leaders Tuesday in Dalian, China, as the emphasis lay squarely on cutting-edge creations that benefit everyone. The event, the World Economic […]
Read moreQueen Elizabeth II’s income will almost double this year, royal accounts published Tuesday showed, amid an increase in the amount of taxpayer funds directed to the British royal family to cover extensive repairs at Buckingham Palace. Official figures show the Crown Estate, which owns much of London’s West End, made £328.8 million ($418.6 million) in […]
Read moreChinese CEOs are less optimistic in their growth outlooks for the world economy than their global peers, according to a study released by professional services firm KPMG on Tuesday. Only 54 percent of CEOs at China-based firms surveyed say they’re confident in the global economic growth outlook, versus 69 percent of top executives at firms […]
Read moreCurrency, United States Finance
Draghi speaks of 'strengthening and broadening recovery' in euro zone, but says stimulus must remain
President Mario Draghi of the European Central Bank said Tuesday that the central bank will have to be prudent to gradually adjust its monetary stimulus to the economic recovery. Speaking at the European Central Bank Forum in Sintra, Portugal, Draghi made it clear however that the current stimulus needs to remain in place as inflation […]
Read moreLondon’s status as a global financial technology hub could be undermined if Brexit complicates the ability of companies to operate across Europe and access to talent becomes difficult, the co-founder of an international online money transfer platform warned Tuesday. Brexit talks kicked off last week between the U.K. and the European Union, following an election […]
Read moreChina’s government and companies are “rationalizing” their use of debt amid concerns over growing leverage on the mainland, Eugene Qian, chairman of UBS’ China strategy board, told CNBC’s “Street Signs” on Tuesday. “Over the period of high growth, the Chinese economy and in particular the corporate sector has accumulated a large amount of debt,” Qian […]
Read moreAn ongoing probe into several of China’s largest overseas asset buyers is a healthy sign of political will and reflects how regulators are getting on top of things, an investor said Tuesday Last week, high profile Chinese companies, including billionaire Wang Jianlin’s Wanda Group, Anbang Insurance and Fosun were reportedly placed under scrutiny amid a […]
Read moreLife as a London renter has been a fairly miserable vantage point from which to watch the phenomenon of soaring house prices in the years since the financial crisis. Yes, it’s enriching to try local living in several of the capital’s quirky and charming “villages”, but the price of the flexibility to swiftly switch from […]
Read moreElectric propulsion technology can potentially make air transport cheaper, quieter, safer and more environmentally friendly, according to one of the co-founders of Solar Impulse, a company that is exploring the potential use solar-powered airplanes for travel. André Borschberg, chief executive and pilot at the Switzerland-based company, spoke to CNBC on the sidelines of the World […]
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