World Economy

As Trump heads to Davos, survey points to rising risk of war

BERLIN (Reuters) - The risk of political and economic confrontations between major powers, including outright military conflicts, has risen sharply, according to a survey released by the World Economic Forum (WEF) days before its annual gathering in Davos.<p>The Global Risks Report highlighted several …

Politics

New technologies could kill one-third of US jobs so CEOs, not politicians, need to take responsibility, says billionaire Marc Benioff

• <b>Salesforce CEO Marc Benioff warns that new technologies could kill one-third of the jobs in the US and create a world of have and have-nots.</b>• <b><br>He believes CEOs and business leaders must think beyond their own balance sheets and take responsibility now for people displaced by new tech.</b><p>In the upcoming …

Business

Republicans eye another short-term bill to fund government

© Reuters. FILE PHOTO: The U.S. Capitol building is lit at dusk ahead of planned votes on tax reform in Washington<p>By Richard Cowan<p>WASHINGTON …

U.S. Congress

Breitbart called Davos a collective of ‘leftist elites’ and ‘corporate cronies.’ Then Trump said he was going.

Last Thursday, a reporter asked Treasury Secretary Steven Mnuchin to explain President Trump's decision to attend the 2018 World Economic Forum in Davos, Switzerland.<p>“What is the point of the Trump administration going to a place that is regarded, usually, as a hangout for globalists?” the …

World News

U.K. Airlines Risk Losing Rights in EU as Brexit Talks Resume

The European Union may attempt to strip British airlines of some flying rights after Brexit, with officials in Brussels warning that U.K.-based …

Brexit

The 11 Top Threats To The World In 2018 Are All Pretty Terrifying

If you thought that 2017 involved a lot of disasters and near-misses, you'd better brace yourself for 2018. The World Economic Forum (WEF) released a …

Climate Change

Bannon's Mueller Meeting Looms Large for Trump

<i>Want to receive this post in your inbox every morning? Sign up for the Balance of Power newsletter, and follow Bloomberg Politics on Twitter and</i> …

North Korea

These Are the Biggest Risks for Businesses in 2018, According to the World Economic Forum

A slew of security, financial, and environmental threats will pose the greatest risk to businesses around the world in 2018, according to a …

Business

British govt. scrutinizes second outsourcing firm after Carillion collapse

Shares in Interserve, a British outsourcing services firm, have fallen 15 percent amid concerns about its financial health. The company insists it …

World News

Germany demands clarity on risk reduction for banking union

© Reuters. Exploratory talks about forming a new coalition government in Berlin<p>By Joseph Nasr and Michael Nienaber<p>BERLIN (Reuters) - Germany said on …

Economy

Creativity can be taught to anyone. So why are we leaving it to private schools?

The UK’s creative industries are world leading. Excluding state-educated people from the arts will throw that excellence away<p>The myth goes that the true artist is born, mysteriously fully formed in their own exceptional talent. A second myth holds that creativity thrives in adversity; a third that …

Opinion (UK)

Human Existence Threatened More By Extreme Weather, Not Weapons Of Mass Destruction, Global Experts Warn

The risk of extreme weather ending human existence is topped only by the risk posed weapons of mass destruction. A global survey released by the …

Climate Change

Here's What Worries World Leaders Even More Than Weapons of Mass Destruction

Leaders and experts across the globe believe extreme weather events and natural disasters pose the likeliest threats to the world, according to a new …

World News

Signaling more independence from the US, the World Bank phases out its support for fossil fuels

The World Bank, which provides developing countries about US$60 billion a year in financial assistance, is officially phasing out its support for the …

Climate

Bitcoin falls more than 7 percent as regulation worries mount

TOKYO (Reuters) - The price of bitcoin extended its sharp tumble of the past 24 hours, dropping more than seven percent on the Bitstamp exchange on Wednesday, spooked by worries regulators may try to clamp down on the highly-volatile trading in the digital currency.<p>Bitcoin fell to as low as …

Business

Cyber attack damage could cost as much as Hurricane Katrina

A cyber attack against a major cloud computing firm could cause as much financial damage as Hurricane Sandy or Hurricane Katrina, the World Economic Forum and risk manager Marsh have warned.<p>Increasing numbers of businesses and individuals rely on cloud services for their IT, trusting some of the …

Cybersecurity

Cyberattacks are third largest threat to global society over next 5 years

These attacks fell behind natural disasters and extreme weather in the World Economic Forum's 2018 Global Risks Report.<p>Building a slide deck, pitch, …

Cybersecurity

China's VPN Crackdown May Aid Government Surveillance

China’s clampdown on the cyber tunnels used to burrow through its Great Firewall may do more than further restrict internet access—it also threatens to make emails and data transmissions by foreign companies more vulnerable to government surveillance, security analysts say.<p>Companies, institutions …

Business

These are the biggest risks to the world in 2018 according to the World Economic Forum

The environment, cyber attacks and weapons of mass destruction: these are among the biggest risks to the world in 2018, according to the World …

Economics

Two-year race for top ECB jobs start next week

FRANKFURT/BRUSSELS (Reuters) - Euro zone officials could pick a new European Central Bank vice president within weeks, kicking off two years of flux at the top of one of Europe's most vital institutions and previewing a tussle to replace ECB chief Mario Draghi in 2019.<p>Germany is seen as eager to …

Economy

Bank of Canada hikes key interest rate to 1.25%

The Bank of Canada raised its key lending rate by a quarter percentage point to 1.25 per cent Wednesday, the third time it has moved its benchmark …

Economy

'We Are Sorry': American Expats in Switzerland Plan Anti-Trump Protest Ahead of Davos

Ahead of the World Economic Forum's annual meeting next week, American expats in Switzerland are planning a protest for Saturday, the one-year …

Liberal View

Russian finance ministry to borrow less in 2018 due to lower deficit: minister

<i>0</i><p>Recent Alerts<p>Sign up to create alerts for Instruments, Economic Events and content by followed authors<p>Free Sign Up<p>Already have an account? Sign …

Economy

Davos Elite Fear Cyberattacks and War as Trump Stokes Tension

The threat of large-scale cyberattacks and a “deteriorating geopolitical landscape” since the election of U.S. President Donald Trump have jumped to …

Business

Global leaders must reform capitalism and boost average earnings, says World Economic Forum

The global economic system is failing to boost living standards for average people around the world and must be reformed to ensure the benefits of growth are spread more widely, the World Economic Forum has warned.<p>Votes for significant changes to the world order are acting as a wake up call, and …

Economics

The Global Risk Report: rating the dangerous...

Where are the greatest threats to the earth lurking? Every year we get an answer to this question from Davos after the World Economic Forum polls …

World News

Checking on 13 of Trump's biggest campaign promises, one year later

On the campaign trail, Donald Trump had had a signature a list of promises that's proved to be a guide for what he's prioritized as president.<p>Now, …

JCPOA

New risk report highlights climate change and nuclear war as top global threats

Perhaps they've noticed that under Trump, the U.S. has rolled back environmental protections and is eyeing an expansion of nuclear weapons use?<p>The …

Liberal View

Is It Time To Buy This Agricultural Equipment Manufacturer And Its Safe 4.1% Dividend?

AG Growth International is a leading Canadian manufacturer of agricultural equipment.<p>The company’s 2018 outlook is favorable with growth expected in …

Stocks

2018 will be a year of consequences

In terms of foreign and security policy, 2017 could fairly be called a year of disruption for the Trump administration. Now, 2018 promises to be a …

North Korea