German auto giant BMW can trace its roots all the way back to 1916. A lot has changed in the industry since then, of course, but the importance of innovation has remained a constant. While technological advances such as autonomous driving may be changing BMW vehicles, the company’s business model […]
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French leader Macron meets May in first official visit to the UK
French 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 […]
Davos is being co-chaired by seven women this year — and no men
For the first time in the 48-year history of the World Economic Forum (WEF), the 2018 summit in Davos, Switzerland will be chaired entirely by women. The move, a response to previous criticism about the prominence of men in the running of the event, will see seven women on 2018’s […]
China’s economy grew 6.9% in 2017, topping both the official target and 2016’s growth
China’s economy grew 6.9 percent in 2017, ending the year on a positive note as official figures topped the government target of around 6.5 percent, the country’s statistics bureau said on Thursday. The growth came despite widespread concerns in the last year about financial risks in the East Asian giant […]
China’s 2017 GDP was 6.9%, topping both the official target and last year’s growth
China’s economic growth likely slowed a tick last year as authorities cracked down on both debt-heavy and pollution-causing industries. The Chinese economy is forecast to have grown 6.7 percent in the fourth quarter from the same period a year ago, and slightly lower than the 6.8 percent in the third […]
Nobel-winning economist has an idea to stop ‘extremely disruptive’ A.I. from harming society
Artificial intelligence (AI) could be the biggest challenge facing the jobs market and even humanity itself, according to Nobel Prize-winning economist Robert Shiller. However, the Yale University professor told CNBC that he had a radical idea that could be implemented to mitigate AI’s potential harm to society. Speaking ahead of […]
Google and Singapore’s Temasek are said to be investing in a ride-hailing unicorn
Alphabet’s Google, Singapore state investor Temasek Holdings and Chinese online platform Meituan-Dianping are investing in a fundraising round of Indonesian ride-hailingstart-up Go-Jek, sources familiar with the matter said. Go-Jek’s existing investors such as global private equity firms KKR & Co and Warburg Pincus are also participating in the funding round […]
Old hands in South Korea bitcoin market unfazed by threats of ban
Threats of a potential cryptocurrency trading ban in South Korea have scared many investors away, but some veterans of the young market are defiant, saying restrictions would be relatively easy to circumvent. Although the cryptocurrency market lost about $200 billion this week, or a third of its value, these investors […]
South Korea is considering shutting down all virtual currency exchanges, regulator says
South Korean policymakers joined the global chorus of virtual-coin critics on Thursday, saying Seoul is considering shutting down domestic virtual currency exchanges as the new breed of market exposes users to speculative frenzy and crime. The country’s tough stance comes as policymakers from the United States to Germany struggle to […]
Stock market’s rapid January rise already surpassing some full-year forecasts on Wall Street
Stock prices could soon be outrunning the herd. The S&P 500 has risen so quickly this month that it has already topped or matched many of Wall Street analysts’ freshly minted 2018 full-year forecasts, collected in CNBC’s strategist survey. The median target for year-end is currently 2,975, about a 6 […]