IMF warns AI to hit almost 40% of jobs worldwide and worsen overall inequality
January 15, 2024
The analysis comes as business and political leaders from around the world gather at the World Economic Forum in Davos, Switzerland.
International
Ukraine war live updates: Ukraine says it needs China for any peace process with Russia; Moscow says Kyiv’s plans mean nothing
January 15, 2024
Ukraine said China needs to be involved in future talks to end the war with Russia, adding it's important that Moscow's ally is present in future talks.
Germany skirts recession at the end of 2023 but faces prolonged slump
January 15, 2024
The estimate is in line with the expectations of analysts polled by Reuters.
Top economists predict global growth will weaken this year as geopolitical rifts grow
January 15, 2024
The global economic outlook is "fraught with uncertainty," according to the World Economic Forum's latest survey of chief economists.
Apple offers rare iPhone discount in China as demand fears rise
January 15, 2024
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
January 15, 2024
Global business and political leaders descend on Davos for the 54th Annual Meeting of the World Economic Forum.
Top diplomats meet in Davos on Ukraine ‘peace formula’
January 15, 2024
Ukraine pushed ahead with its peace formula to end the war with Russia with a meeting of national security advisers from around the world in Davos on Sunday.
From livestreaming to ‘shoppertainment,’ Gen Zers lead the way in Singapore’s online shopping space
January 15, 2024
Gen Zers are an increasingly important consumer segment as their spending power has steadily increased over the past decade.
China stocks pare losses as central bank holds rates; Taiwan stocks rise after elections
January 15, 2024
Taiwan stocks rise after Lai Ching-te wins presidential race, China stocks pare back losses as the People's Bank of China leaves medium-term policy loans rate unchanged.
CNBC Daily Open: Big Bank earnings point to a grim season
January 15, 2024
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.
Taiwan’s new president will face a divided parliament. Here’s why it matters
January 15, 2024
The lack of a parliamentary majority may force Lai Ching-te to moderate his China policy and cater more to Taiwan's disenchanted youths.
China calls for Gaza peace conference; Hamas to disclose fate of Israeli hostages
January 15, 2024
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.'"
Americans are canceling trips that are thousands of miles from Gaza. Here’s why
January 15, 2024
Geopolitical conflict is affecting travel bookings in 2024, causing travelers to lose confidence to travel internationally — and domestically.
Japan markets are hitting multi-decade highs — will Nikkei scale a new peak?
January 15, 2024
After a tumultuous start to the year, Japan's benchmark Nikkei 225 has been on a record-breaking rally. How long will it last?
Ukraine says China needed for peace process after Davos meeting
January 15, 2024
China needs to be involved in talks to end the war with Russia, Ukraine's top representative said after a diplomatic meeting ahead of the World Economic Forum.
Here are Wall Street’s top semiconductor stock picks for 2024
January 15, 2024
Banks such as BofA and UBS are bullish on the semiconductor sector despite its strong run in 2023.
Goldman Sachs says it’s time to buy this unloved global sector — and names some top stocks
January 15, 2024
Goldman Sachs says a shift is underway in Europe's utilities sector, naming a bunch of stocks it expects to rise by 30%.
Defense Secretary Austin is ‘actively involved and engaged’ while hospitalized
January 15, 2024
Austin has been treated at Walter Reed National Military Medical Center since Jan. 1.
Police arrest pro-Palestine protestors for ‘locking on’ plot to shut down the London Stock Exchange
January 15, 2024
The Daily Express notified police of the Palestine Action protest plans after an undercover investigation.
‘Mean Girls’ is the Queen Bee of the box office, opens to $28 million
January 15, 2024
Paramount's "Mean Girls" opened to an estimated $28 million at the domestic box office, on its way to a $32 million take for the holiday weekend.
Denmark’s King Frederik X appears before huge crowds after taking the throne
January 15, 2024
Denmark's King Frederik X ascended the throne on Sunday, succeeding his mother, Queen Margrethe II, who formally abdicated after 52 years as monarch.
A defiant Netanyahu says no one can halt Israel’s war to crush Hamas, including the world court
January 14, 2024
Israel will pursue its war against Hamas until victory and will not be stopped by anyone, including the world court, Prime Minister Benjamin Netanyahu said.
A city famous for its beaches is helping residents age in place. What to know if you want to stay in your home
January 14, 2024
Most adults would prefer to age in place, but high costs and lack of access to care can get in the way. New community programs aim to overcome those obstacles.
Goldman Sachs says these China stocks can win even if there’s a repeat of Japan’s lost decades
January 14, 2024
The China playbook is changing, after decades of rapid growth.
Volcano erupts in southwest Iceland
January 14, 2024
A volcano in southwest Iceland erupted on Sunday, the country's meteorological office said, making it the fifth eruption on the Reykjanes peninsula since 2021.
‘Taiwan is China’s Taiwan’: Beijing says Taiwan’s ruling party is not representative of popular opinion
January 14, 2024
Beijing has framed the self-ruled island's election as a choice between "peace and war, prosperity and decline."
How is the UN helping civilians in Gaza?
January 13, 2024
Despite the immense dangers and obstacles, the UN continues to deliver desperately needed humanitarian aid in Gaza. Here is an overview of the humanitarian efforts in the occupied territory.
Microsoft tops Apple as world’s most valuable public company
January 13, 2024
Microsoft's market capitalization eclipsed Apple's a day after it showed off artificial intelligence capabilities in front of developers in San Francisco.
Tesla stock down on Red Sea delays, rising labor costs and price cuts
January 13, 2024
Shares of Tesla fell Friday as the stock faced pressure from supply chain delays due to a crisis in the Red Sea.
Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul
January 13, 2024
Citigroup CEO Jane Fraser announced one of the largest moves to cut headcount at a major U.S. bank in recent years.
War against Hamas in Gaza is act of self-defence, Israel tells world court
January 12, 2024
Israel strongly rejected accusations by South Africa of genocidal intent against Palestinians on Friday at the United Nations’ highest court, insisting that it was engaged “in a war it did not start and did not want” in Gaza.
WMO confirms 2023 as warmest year on record ‘by a huge margin’
January 12, 2024
With the annual average global temperature fast approaching the critical threshold of 1.5°C above pre-industrial levels, last year officially smashed the global temperature record, the UN weather agency (WMO) confirmed on Friday.
Gaza ceasefire ‘more urgent than ever’ as conflict approaches 100-day mark
January 12, 2024
As the Gaza conflict approaches the 100-day mark, an immediate ceasefire is “more urgent than ever”, the UN human rights office, OHCHR, said on Friday.
Another malaria milestone as WHO declares Cabo Verde free of deadly disease
January 12, 2024
The UN World Health Organization (WHO) on Friday declared Cabo Verde free of malaria, hailing it as the latest success in the global fight against the disease.
World News in Brief: COVID risk still high, massive Congo flood displacement, concern over Sri Lanka drugs crackdown
January 12, 2024
The public health risk from COVID-19 remains high, the UN World Health Organization (WHO) warned on Friday.
Security Council meets over widening Middle East crisis
January 12, 2024
The UN Security Council met on Friday for briefings on the worsening situation across the Middle East, looking first at threats of forced displacement from Gaza and then the escalating conflict in and around the Red Sea – all as the war in Gaza approac...
Guterres warns against Red Sea escalation
January 12, 2024
UN Secretary-General António Guterres has urged countries to avoid an escalation in the situation in the Red Sea, where Houthi rebels in Yemen have been attacking commercial vessels amid the ongoing war in Gaza.
From Sam Altman to Emmanuel Macron: Who’s going to Davos 2024?
January 12, 2024
China's second-in-command Li Qiang and the French president will both give special addresses.