World’s five richest men have doubled their wealth since 2020, report finds
“The world will have its first trillionaire within a decade but poverty won’t be eradicated for another 229 years,” Oxfam said.
Top economists predict global growth will weaken this year as geopolitical rifts grow
The global economic outlook is “fraught with uncertainty,” according to the World Economic Forum’s latest survey of chief economists.
Germany skirts recession at the end of 2023 but faces prolonged slump
The estimate is in line with the expectations of analysts polled by Reuters.
Apple offers rare iPhone discount in China as demand fears rise
Apple faces rising competition in China from local players like Xiaomi and a resurgent Huawei, which are offering competitive high-end products.
Heading to Davos, here’s what was overheard on connecting trains from Zurich to the World Economic Forum
Global business and political leaders descend on Davos for the 54th Annual Meeting of the World Economic Forum.
CNBC Daily Open: Big Bank earnings point to a grim season
Wall Street’s top banks kick-started the earnings season on a somber note with JPMorgan’s profit declining due to fees linked to regional bank rescues.
China calls for Gaza peace conference; Hamas to disclose fate of Israeli hostages
Chinese Foreign Minister Wang Yi has called for “the formulation of a specific timetable and road map for the implementation of the ‘two-state solution.'”
Japan markets are hitting multi-decade highs — will Nikkei scale a new peak?
After a tumultuous start to the year, Japan’s benchmark Nikkei 225 has been on a record-breaking rally. How long will it last?
From livestreaming to ‘shoppertainment,’ Gen Zers lead the way in Singapore’s online shopping space
Gen Zers are an increasingly important consumer segment as their spending power has steadily increased over the past decade.
Taiwan’s new president will face a divided parliament. Here’s why it matters
The lack of a parliamentary majority may force Lai Ching-te to moderate his China policy and cater more to Taiwan’s disenchanted youths.
