U.K. Finance Minister Jeremy Hunt has said Britain should have a “20-year plan” to become the world’s next Silicon Valley. Dan Kitwood | Getty Images News | Getty Images LONDON — Bri...
Tag: World economy
Goldman Sachs no longer expects the Fed to hike rates in March
Goldman Sachs logo displayed on a smartphone. Omar Marques | SOPA Images | LightRocket via Getty Images Goldman Sachs no longer sees a case for the Federal Reserve to deliver a rate hike at its meetin...
BlackRock says the Federal Reserve could hike interest rates to a peak of 6%
Rick Rieder, managing director and chief investment officer of fundamental fixed income for BlackRock Inc., speaks during the Institute of International Finance Annual Membership Meeting in Washington...
How China’s shifting growth picture could hit global markets
A shopping mall in Qingzhou, Shandong province, broadcasts the opening ceremony of China’s National People’s Congress on Sunday, March 5, 2023. Future Publishing | Future Publishing | Gett...
OECD says global economic outlook ‘slightly better’ for 2023
People shop near prices displayed in a supermarket on February 13, 2023 in Los Angeles, California. Mario Tama | Getty Images News | Getty Images OECD Secretary-General Mathias Cormann said the globa...
HSBC reports Q4, full year 2022 earnings
Hong Kong observation wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbor, Hong Kong, China. Ucg | Universal Images Group | Getty Images HSBC on Tuesday reported fourth-quarter ...
Sanctions on Russian oil are having the ‘intended effect,’ IEA says
Russia announced that it would cut oil production by 500,000 barrels per day in March after the West slapped price caps on Russian oil and oil products. Picture Alliance | Picture Alliance | Getty Ima...
How the U.S. labor market went from ‘quiet quitting’ to ‘quiet hiring’
Remember ‘quiet quitting?’ It described the trend of employees choosing not to go above and beyond in the workplace. Well, that was 2022. This year there’s a new vogue practice — ...
China’s real estate crisis isn’t over yet, IMF says
China’s real estate market has slumped in the last two years after Beijing cracked down on developers’ high reliance on debt for growth. Future Publishing | Future Publishing | Getty Image...
IMF hikes global growth forecast as inflation cools
The IMF has revised its global economic outlook upwards. Norberto Duarte | Afp | Getty Images The International Monetary Fund on Monday revised upward its global growth projections for the year, but w...
IMF’s Georgieva and ECB’s Lagarde discuss the future of global growth at Davos
[The stream is slated to start at 5 a.m. ET. Please refresh the page if you do not see a player above at that time.] Moderated by CNBC’s Geoff Cutmore, top business leaders and policymakers disc...
Top business leaders and policymakers discuss monetary policy at the World Economic Forum
[The stream is slated to start at 3 a.m. ET. Please refresh the page if you do not see a player above at that time.] Moderated by CNBC’s Joumanna Bercetche, top business leaders and policymakers...
Novartis CEO says Covid to become endemic, calls for better pandemic preparedness
Novartis said in August that it plans to spin off its generics unit Sandoz to sharpen its focus on its patented prescription medicines. Bloomberg | Bloomberg | Getty Images The chief executive of Swis...
Greta Thunberg and other climate activists discuss the energy transition at Davos
[The stream is slated to start at 5:15 a.m. ET. Please refresh the page if you do not see a player above at that time.] Alongside IEA Executive Director Fatih Birol, activist Greta Thunberg is taking ...
Top business leaders discuss the future of jobs
[The stream is slated to start at 3 a.m. ET. Please refresh the page if you do not see a player above at that time.] Moderated by CNBC’s Geoff Cutmore, top business leaders discuss at Davos, Swi...
Ukraine’s energy giant Naftogaz will be out of default soon: CEO
The CEO of Ukrainian state energy giant Naftogaz said the company is working toward resolving its debt default problems quickly. Yuriy Vitrenko told CNBC’s Hadley Gamble at the World Economic Fo...
Top business leaders discuss financial innovation at the World Economic Forum
[The stream is slated to start at 2:30 a.m. ET. Please refresh the page if you do not see a player above at that time.] Moderated by CNBC’s Steve Sedgwick, top business leaders discuss at Davos,...
China’s reopening overwhelmingly positive to tackle inflation
OECD Secretary-General Mathias Cormann on Monday said China’s reopening is “overwhelmingly positive” in the global fight to tackle surging inflation. “We certainly very much we...
Richest 1% amassed almost two-thirds of new wealth created since 2020: Oxfam
Skyline in lower Manhattan. Gary Hershorn | Corbis News | Getty Images Over the last two years, the richest 1% of people have accumulated close to two-thirds of all new wealth created around the world...
World Economy’s Schizophrenic Year Begins In China
Will global growth roar higher in 2023? It’ll depend whether China’s post-zero-Covid reopening boom actually materializes. getty Depending on who you speak with, 2023 will either be a year...
Global economy going into recession, 2023 growth to slow
The World Bank slashed its global growth forecasts from projections it made in mid-2022 on the back of what it sees as broadly worsening economic conditions. The international development institution ...
Rolls-Royce 2022 sales soar, CEO says no slowdown in spending by the rich
Rolls-Royce sold a record number of cars in 2022 as demand for its $500,000 vehicles remained strong, despite recession fears, according to CEO Torsten Muller-Otvos. “We haven’t seen any s...
China’s reopening could boost Australia’s economy by 1%, JPMorgan says
According to JPMorgan, a full recovery in Australia’s tourism will add 0.5 percentage points to its GDP and the return of international students from China will add another 0.4 percentage points...
Asia-Pacific’s benchmark index enters a bull market, thanks to China’s reopening
The Chinese and Hong Kong flags flutter outside the Exchange Square complex in Hong Kong on Feb. 16, 2021. Zhang Wei | China News Service via Getty Images Asia-Pacific’s leading index entered a ...
Saudi Arabia’s new love for soccer could cause ripple effects
Portuguese football star Cristiano Ronaldo poses for a photo with the jersey after signing with Saudi Arabia’s Al-Nassr Football Club in Riyadh, Saudi Arabia on December 30, 2022. Al Nassr Footb...
Five Chinese startups that survived a tough year of Covid lockdowns
A Kennon Robotics robot delivers food at a Haidilao hotpot restaurant in Shanghai on April 7, 2021. Qilai Shen | Bloomberg | Getty Images BEIJING — In a year of Covid lockdowns and travel restrictions...
Gourmet food in UAE is taking on Paris, New York and London
Chefs and owners pose for picture on the stage during a ceremony revealing the 2022 selection of the Michelin Guide Dubai, the first-ever edition in the United Arab Emirates, on June 21, 2022. Giusepp...
Here’s where Covid rules for visitors from China are changing
Travelers check in with Cathay Pacific at the Hong Kong International Airport on December 20, 2022. Vernon Yuen | Nurphoto | Getty Images BEIJING — Some countries announced new Covid testing requireme...
Facing climate change, Asia farmers turn to risky microfinance loans
The “microfinance” industry — long touted as a way to help poor, rural communities in developing countries — is pushing tens of thousands of farming families into debt traps as they attemp...