China needs reforms to halt ‘significant’ growth declines, IMF chief says
Speaking to CNBC at the World Economic Forum in Davos, Switzerland, Kristalina Georgieva said China was facing both short-term and long-term challenges.
South Africa’s genocide case against Israel has ‘global support,’ finance minister says
South Africa’s legal case accusing Israel of committing genocide against Palestinians in Gaza has “global support,” Finance Minister Enoch Godongwana said Monday.
South Africa’s genocide case against Israel has ‘global support,’ finance minister says
South Africa’s legal case accusing Israel of committing genocide against Palestinians in Gaza has “global support,” Finance Minister Enoch Godongwana said Monday.
Possible there will be no rate cuts this year, European Central Bank member says
Market participants expecting a rate cut in April will be “deeply disappointed,” Austria’s Robert Holzmann said.
Veteran investor David Roche says the market is getting it wrong on Taiwan’s election result
Taiwan’s election results place Taiwan on a “collision course with China” and the market reaction has been too sanguine, according to veteran investor David Roche.
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.
