Germany’s Merkel says she has ‘grave doubts’ about the incoming world order

Annegret Kramp-Karrenbauer was elected in December as the new leader of Merkel’s Christian Democratic Union (CDU) party and is seen as natural successor to Merkel, and is expected to continue her style of steady and pragmatic leadership. Merkel’s forthcoming departure from politics will be a loss to Europe as she has been a long-standing leader […]

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Deutsche Bank shares slip on reports of investigation over Danske Bank

Shares of Deutsche Bank slid more than 1 percent in early trading on reports that the U.S. Federal Reserve is investigating the German lender’s role in a money laundering scheme. A report published in Bloomberg, citing sources, said the Fed probe is in very early stages as it examines whether Deutsche Bank’s U.S. arm was […]

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Sanctions on Moscow hurt US long term, wealth fund head says

He said sanctions had not stopped foreign direct investment and economic partnerships between Russia and other countries which are overseen by RDIF which has $10 billion of reserved capital under management. “We have partnerships with 20 top sovereign wealth funds, we were able to generate keen returns on dollars every year for the last seven […]

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Chasing global uncertainties with an active toddler is not easy

You know you are a “Brexhausted” mommy when you spend your day (and sometimes nights) chasing Brexit madness and the rest of the time chasing a super-active toddler. At least my toddler understands when I say, “I think we are done for today, it’s time to go to bed.” While that’s been the state of […]

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Theresa May makes last-ditch Brexit bid to win over UK lawmakers

PA Images | PA Images | Getty Images Prime Minister Theresa May listens in the House of Commons, London. British Prime Minister Theresa May announced tweaks to her much-maligned Brexit deal on Monday, in the hope of winning over lawmakers who overwhelmingly rejected her proposals last week. A major sticking point to her withdrawal deal […]

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Russia opens civil proceedings against Facebook and Twitter

Jaap Arriens | NurPhoto | Getty Images An iPhone with a Facebook logo is seen with a Russian flag in the background in this photo illustration. Russia’s communication watchdog opened administrative proceedings against Facebook and Twitter for failing to comply with local data laws. Roskomnadzor, the regulator, said on Monday that the two social networks […]

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British Prime Minister May to reveal her ‘Plan B’ for Brexit

The Irish “backstop” – a fall-back option intended to keep the Irish/Northern Irish border open if the U.K. and EU fail to strike a trade deal in a 21-month transition period following the departure date in March 2019 – has been a key stumbling block in Brexit negotiations. It’s controversial as it would mean that […]

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US will reinforce its leadership as the world’s top crude producer

The level of crude output from the U.S. will once again be a major factor this year, the International Energy Agency (IEA) said its closely-watched report on Friday, with the energy giant on track to reaffirm its position as the world’s leading crude producer. The IEA report comes shortly after OPEC and non-OPEC producers officially […]

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Without Trump, Brazil’s Bolsonaro is set to take center stage at Davos

Evaristo Sa | AFP | Getty Images Brazilian President Jair Bolsonaro delivers a speech during the appointment ceremony of the new heads of public banks, at Planalto Palace in Brasilia on January 7, 2019. Brazil’s newly-elected populist President Jair Bolsonaro will take center stage at the World Economic Forum (WEF) next week, taking the baton […]

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Recession is the number one fear for CEOs in 2019, survey says

Source: The Conference Board The picture for internal business concerns was much clearer among CEOs around the world, with all regions ranking the attraction and retention of talent as their number one concern. “As global competition increases while the pool of available workers decreases, it comes as no surprise that executives cited talent as a […]

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Investors monitor reports of US-China trade relief

Market focus is largely attuned to global trade developments, after the Wall Street Journal reported Thursday that U.S. Treasury Secretary Steven Mnuchin proposed lifting all or some of the tariffs on Chinese imports. The goal is to push forward trade talks and get China’s support for longer-term reform. U.S. stocks rallied on the news but […]

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