For the past year, weekly senior staff meetings at global firm Salesforce have been attended by an artificial intelligence (AI) machine known as “Einstein.” Marc Benioff, the cloud-based software company’s CEO, revealed Thursday that he relied on the software every Monday morning. Speaking on a panel at the World Economic […]
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Barclays CEO says new US tax policy is a ‘very big deal’ for his company
The U.S. is setting an example for the world in terms of tax friendliness, Barclays CEO Jes Staley told CNBC while at the World Economic Forum in Davos. “The USA has clearly embarked on a strategy to be very business friendly as a regulatory matter and now as a tax […]
Al Gore defends Trump, says he’s not to blame for tariffs on solar panels
Former Vice President Al Gore, by his own admission, does not make a habit of defending President Donald Trump. The U.S. president approved controversial tariffs on imported washing machines and solar cells on Monday. The move, which is aligned to Trump’s “America First” stance on trade, aims to protect domestic […]
Dollar slumps to a three-year low but it’s not worrying Europe … just yet
The U.S. dollar might have skidded to a three-year low but its depreciation is not worrying for Europe just yet, a top-ranking EU official told CNBC at the World Economic Forum in Davos, Switzerland. The euro was 0.2 percent higher against the dollar Thursday morning, trading at $1.2432. This after […]
Don’t expect a more hawkish ECB just yet, analysts say
The European Central Bank (ECB) is not expected to make any major policy announcements Thursday, despite signaling a growing appetite for revising its policy message in “early” 2018. “We are about to begin of one of the most interesting phases for the ECB in a long time,” Claus Vistesen, chief […]
China and the US will find a way to solve their trade problems, private equity CEO says
The current trade tension between Washington and Beijing should not be a cause for concern, the CEO of a China-focused private equity firm told CNBC. Although there is no doubt that trade tensions remain between the world’s top two economies, the countries will eventually figure out a way to compromise, […]
China says cooperation is only the ‘correct direction’ for China-US trade ties
China’s commerce ministry said on Thursday cooperation is the only “correct direction” for the China-U.S. trade relationship, amid growing trade frictions between the world’s two biggest economies. Commerce ministry spokesman Gao Feng made the comments during a regular weekly briefing in Beijing. U.S. Commerce Secretary Wilbur Ross said on Wednesday […]
The top-selling smartphone brand in India isn’t Samsung anymore, and it isn’t Apple either
Samsung Electronics is no longer India’s top smartphone seller — a title it had held onto for six years. The tech giant was pushed out of the pole position in the final quarter of 2017 by Chinese smartphone maker Xiaomi, data from two research outlets showed. Researcher Canalys estimated that […]
Chinese state-owned giant is hoping to expand in the US — with culture
Cultural businesses may not be the most profitable, but China Poly Group will stay the course as the conglomerate expands into that U.S. sector, according to Xu Niansha, chairman of the Chinese enterprise. The state-owned behemoth made its name as an arms dealer but is now a conglomerate with businesses […]
Seoul is ‘going overboard’ to accommodate North Korea, critics say
South Korea’s Olympic peace overture to its nuclear-armed northern neighbor is increasingly coming under fire. Hopes are high in some quarters that sports diplomacy could advance denuclearization talks, and North Korean leader Kim Jong Un’s decision to participate in the upcoming Winter Games was hailed as a win for inter-Korean […]