Leaders of major economies like President Donald Trump are making the case for lower corporate taxes and Europe should pay attention, Irish Finance Minister Paschal Donohoe told CNBC at the World Economic Forum on Friday. Asked if he believed Trump was setting an example on tax policy, Donohoe was positive. […]
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Ikea sees ‘massive opportunities’ with artificial intelligence and virtual reality
Sweden’s flatpack furniture giant is exploring how to make the best use of artificial intelligence (AI) and virtual reality. Speaking at the World Economic Forum (WEF) in Davos on Thursday, Jesper Brodin, CEO of Ikea, told CNBC: “(What) we haven’t been able to do before is to find easier ways […]
Davos elites await Trump’s ‘America First’ message
President Donald Trump is expected to deliver an “American First” message when he speaks at the World Economic Forum (WEF) on Friday. Trump has been meeting business executives and other world leaders during his two-day stay in the Swiss Alps. His presence at the Forum will culminate with the speech […]
Trump offers an apology for retweeting anti-Muslim videos from British far-right group
President Donald Trump says he would publicly apologize for retweeting three graphic anti-Islamic videos posted by the deputy leader of one of the U.K.’s most far-right groups. The retweets, from back in November, did not include Trump commentary but drew widespread condemnation, including from the British prime minister’s office. The […]
Asian stocks closes mixed as dollar wobbles following overnight gains
Asian markets closed mixed on Friday as the dollar wobbled after gaining overnight following comments from President Donald Trump. Tokyo’s benchmark Nikkei 225 index gave back morning gains to close lower by 0.16 percent, or 37.61 points, at 23,631.88. Major exporters finished the session mixed while financial names largely declined. […]
Trump accused Russia of helping North Korea. Putin would have his reasons
President Donald Trump made major news last week when he accused Russia of helping North Korea evade international sanctions. Reports that Russian tankers helped deliver fuel to the pariah state underscore that contention, but that occurrence alone doesn’t explain why the Kremlin would actively undermine the international community. The reason, […]
Asian stocks trade mixed as dollar wobbles following overnight gains
Asian markets traded mixed on Friday as the dollar wobbled after gaining overnight following comments from President Donald Trump. Tokyo’s benchmark Nikkei 225 index gave back morning gains to trade 0.06 percent lower. Major exporters traded mixed as the dollar held onto slight overnight gains against the yen, while financial […]
It’s profit over politics at China’s state-run rail giant, chairman says
Making money — not following political directives — is the top priority for Chinese state-owned train giant CRRC, its chairman claimed this week. “As an enterprise, CRRC seeks profits. So when we look at the orders, we first assess our interest, the other things come later,” Liu Hualong, the company’s […]
Dell is said to be considering strategic options including IPO
PC-maker Dell Technologies is considering strategic options including a public share offering or a deal with its majority owned New York-listed unit, VMware, according to media reports on Thursday. Dell’s board is meeting later this month and will discuss its options, Bloomberg reported, citing people familiar with the matter, adding […]
Trump could burn his own farm state base with a NAFTA withdrawal
Speaking with CNBC, President Donald Trump once again blasted NAFTA and raised the possibility he might “terminate” the 24-year-old trade deal. Trump said during the interview from the World Economic Forum in Davos, Switzerland that “NAFTA’s a horrible deal, we’re renegotiating it. I may terminate NAFTA, I may not — […]