DAVOS (Reuters) – Major economies should not target their exchange rates for competitive purposes and discussions among policymakers over currencies should be confined to official fora, European Central Bank board member Benoit Coeure said on Friday. ”The last... More »
DAVOS, Switzerland (Reuters) – There is no difference between President Donald Trump’s attitude to the strength of the U.S. dollar and that of Treasury Secretary Steven Mnuchin, a senior administration official said on Friday. “I don’t think there’s any daylig... More »
U.S. President Donald Trump denied a report on Friday that he had ordered Special Counsel Robert Mueller fired last June, calling it "fake news". More »
U.S. President Donald Trump arrives. REUTERS/Denis Balibouse DAVOS, Switzerland (Reuters) – U.S. President Donald Trump will urge a top-level gathering of political leaders and chief executives on Friday that his administration will not tolerate intellectual p... More »
FILE PHOTO – Britain’s Shadow Finance Minister John McDonnell speaks at the Labour Party Post-Budget Rally in West Bromwich, Britain, November 23, 2017. REUTERS/Darren Staples DAVOS, Switzerland (Reuters) – John McDonnell, a proud socialist who wants to run Br... More »
U.S. President Donald Trump shakes hands with Israeli Prime Minister Benjamin Netanyahu during the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018 REUTERS/Carlos Barria DAVOS, Switzerland (Reuters) – U.S. President Donald Trump... More »
Qatar’s Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani in Doha, Qatar October 22, 2017. REUTERS/Alex Brandon/Pool DAVOS, Switzerland (Reuters) – Qatar is confident that it can host a successful World Cup in 2022 and preparations are fully on track a... More »
DAVOS, Switzerland (Reuters) – The World Economic Forum (WEF) still expects U.S. President Donald Trump to attend its annual meeting in the Swiss Alps this week, the forum’s chairman Klaus Schwab said on Sunday. Schwab made the comments in an interview with Re... More »
FILE PHOTO: U.S. President Donald Trump appears on stage at a rally in Harrisburg, Pennsylvania, U.S. April 29, 2017. REUTERS/Carlo Allegri/File Photo DAVOS, Switzerland (Reuters) – Trust in U.S. institutions, particularly the government, has plunged in Presid... More »
The logo of the town is seen in the Swiss mountain resort of Davos, Switzerland, January 11, 2018 REUTERS/Arnd Wiegmann DAVOS, Switzerland (Reuters) – The Swiss Alpine town of Davos is used to celebrities and high-rollers, but even it is relishing the new chal... More »
Chinese President Xi Jinping listens to a speech of Swiss President Doris Leuthard at the seat of the Swiss federal parliament Bundeshaus in Bern, Switzerland January 15, 2017. REUTERS/Arnd Wiegmann Germany’s embassy in Beijing on Monday urged China to take ac... More »
People leave the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland January 23, 2016. REUTERS/Ruben Sprich Companies could unlock at least $12 trillion in market opportunities by 2030 and create up to 380 million jobs by implementing a few ... More »
A Davos logo is seen before the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland January 15, 2017. REUTERS/Ruben Sprich By Noah Barkin DAVOS, Switzerland – The global economy is in better shape than it’s been in years. Stock markets are b... More »
DAVOS, Switzerland Politicians and business leaders gathering in the Swiss Alps this week face an increasingly divided world, with the poor falling further behind the super-rich and political fissures in the United States, Europe and the Middle East running de... More »
UNITED NATIONS (Thomson Reuters Foundation) – It’s time to go “from climate change to climate action” in efforts to save the planet, U.S. pop star Pharrell Williams said at the United Nations on Friday. Singer-producer Williams, 41, partnered with the United N... More »
LONDON (Reuters) – The oil price crash has meant slashed budgets, staff layoffs and mothballed projects for big producers, but oil traders will celebrate their best market for years this week. As hundreds of dealers flock to London for the annual International... More »
DAVOS, Switzerland (Reuters) – A steep fall in Ebola cases in Liberia will make it hard to prove whether experimental vaccines work in a major clinical trial about to start in the country, the head of the U.S. National Institutes of Health (NIH) said on Saturd... More »
DAVOS, Switzerland (Reuters) – Two new tools to fight AIDS should be available by 2030 in the form of a vaccine and new intense drug treatments, ending most cases of a disease that has killed millions in the past 30 years, Bill Gates said. The Microsoft founde... More »
ATHENS (Reuters) – Greece’s leftist Syria party held onto its opinion poll lead on Friday as it campaigns to form the first euro zone government committed to scrapping austerity outright after elections this weekend. With the fate of Greece’s 240-billion-euro ... More »
DAVOS, Switzerland (Reuters) – The worst-ever Ebola epidemic is waning, but after ravaging three West African nations and spreading fear from Dallas to Madrid, it has hammered home the message that the world needs a better detective system for emerging disease... More »
DAVOS, Switzerland (Reuters) – The world’s biggest businesses must do their part to fight terrorism by taking action against trafficking and money laundering, French President Francois Hollande said when arriving at the World Economic Forum in Davos on Friday.... More »
FRANKFURT (Reuters) – The European Central Bank agreed on Thursday to embark on a quantitative easing (QE) programme, which together with its existing schemes will pump 60 billion euros a month into the euro zone economy from this March until September next ye... More »
MOSCOW (Reuters) – Pro-Russian separatists will press on with a military offensive in east Ukraine and will not initiate ceasefire talks with the Ukrainian authorities, their leader was quoted as saying on Friday. Alexander Zakharchenko, head of the self-procl... More »
DAVOS, Switzerland (Reuters) – Jack Ma, executive chairman of Chinese e-commerce giant Alibaba Group Holding, isn’t worried about slowing Chinese economic growth, he told a meeting of business and political leaders in Davos, Switzerland. “If China still keeps ... More »
TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Friday he was not worried that diverging monetary policies in the United States and Europe will complicate his efforts to beat deflation at home. In an interview with Bloomberg TV from the World ... More »
DAVOS, Switzerland Jan 23 (Reuters) – Egypt can expect economic growth “easily north of 4 percent” in fiscal year 2014-15, which ends in June, boosted by rising confidence and a windfall from lower oil prices, its finance minister said on Friday. Hani Dimian a... More »
VIENNA (Reuters) – The European Central Bank might have been better off waiting to start an expanded asset-buying program, ECB Governing Council member Ewald Nowotny said after the ECB launched a bold program to reflate a sagging euro zone economy. While the q... More »
FRANKFURT (Reuters) – The European Central Bank took the ultimate policy leap on Thursday, launching a government bond-buying program which will pump hundreds of billions in new money into a sagging euro zone economy. The ECB said it would purchase sovereign d... More »
LONDON (Reuters) – After a head-spinning bout of volatility, next week will be dominated by one question: Will the European Central Bank take the ultimate policy leap or pull its punches? The ECB could launch a government bond-buying program with new money as ... More »
PADUA, Italy (Reuters) – White-coated bakers are chopping nuts, dipping pastry into liquid chocolate and hanging freshly baked panettone Christmas cake upside down to preserve its domed shape. But when one of the all-male team steps outside to smoke, he is in ... More »
DUBAI (Reuters) – Iran and major powers are set to hold multilateral and bilateral nuclear talks in the coming days in Vienna, Iran’s foreign ministry said on Wednesday. The discussions, between Iran and the five permanent members of the U.N. Security Council ... More »
(Reuters) – Softbank Corp’s investment in a Hollywood movie studio represents the coming out party for two new players in the U.S. entertainment industry — the Japanese telecommunications company and Nikesh Arora, the former Google Inc executive running a new ... More »
DUBAI (Reuters) – Iran and Saudi Arabia held their first foreign minister-level meeting since the 2013 election of President Hassan Rouhani, official Iranian media reported, signaling a possible thaw in chilly ties between the rival Gulf powers. Shi’ite Muslim... More »
VERBIER Switzerland (Reuters) – There are thousands of music festivals around Europe every summer, but only one lays claim to being held at the highest altitude and that’s the one in the Swiss ski resort of Verbier, sometimes called the Davos of the music worl... More »
BAGHDAD (Reuters) – Sunni rebels battled their way into the biggest oil refinery in Iraq on Wednesday, and the president of neighbouring Iran raised the prospect of intervening in a sectarian war that threatens to sweep across Middle East frontiers. Sunni figh... More »
WASHINGTON (Reuters) – The No. 2 U.S. diplomat will travel to Vienna this week to take part in talks over Iran’s nuclear program, the State Department said on Sunday. In a statement, the State Department said Deputy Secretary of State Bill Burns would be among... More »
SHANGHAI (Reuters) – Iranian President Hassan Rouhani said on Thursday talks over Tehran’s nuclear program had reached an important and tough juncture, but an agreement was still possible by a July deadline. The lack of progress in talks in Vienna that ended l... More »
VIENNA (Reuters) – A confidential new report by a U.N. panel highlights Iran’s methods of evading sanctions – from concealing titanium tubes inside steel pipes to using its petrochemical industry as a cover to obtain items for a heavy-water nuclear reactor. Th... More »
BEIRUT (Reuters) – Within the small community of minority Arabs where he lived in southwest Iran, Hashem Shaabani was known as a teacher, an advocate for civil rights and a poet. But to the Islamic Republic he was seen as a threat. Shaabani, 32, was arrested i... More »
WASHINGTON (Reuters) – Hardline U.S. lawmakers said on Tuesday they were concerned about Iran’s selection of a U.N. envoy linked to the 1979-1981 hostage crisis, and called on the Obama administration to do what it can to prevent him from taking up the post in... More »
UNITED NATIONS (Reuters) – Iranian President Hassan Rouhani has selected a new ambassador to represent Tehran at the United Nations, Hamid Abutalebi, a veteran diplomat who has held key European postings in the past, Iranian sources said. Abutalebi, who has se... More »
DUBAI (Reuters) – President Hassan Rouhani dismissed on Tuesday a Western assertion that military force could yet solve a decade-old nuclear dispute if negotiations proved fruitless, pledging that Iran would pursue peaceful atomic research “forever”. In a spee... More »
FRANKFURT/LINKOPING, Sweden (Reuters) – Some of the euro zone’s lenders have no future and should be allowed to go under if they fail a health check, the bloc’s new banking supervisor told the Financial Times, underscoring a tougher approach to banking oversig... More »
(Reuters) – The threat to its survival may have passed but the euro zone faces electoral and economic crosswinds this year which could push it to break policy taboos while challenging its ability to do so. The threat of deflation is stalking the currency area ... More »
DAVOS, Switzerland (Reuters) – Bankers expect a thorough European Central Bank (ECB) health check of the euro zone’s largest banks to reignite domestic and cross-border merger activity by rebuilding confidence among lenders. The sovereign debt crises that near... More »
DAVOS, Switzerland (Reuters) – Standard Chartered’s (STAN.L ) chief executive said takeover talk that has resurfaced around his bank after recent problems is “rubbish” and the Asia-focused lender’s prospects remain strong. “It’s speculative rubbish,” Peter San... More »
PANAMA CITY (Reuters) – If work on the expansion of the Panama Canal is suspended, it could take up to five more years to finish, according to arbitrators helping to oversee the project that has been hit by a dispute over costs. Since the start of 2014, the Pa... More »
TOKYO (Reuters) – Prime Minister Shinzo Abe compared current tensions between Japan and China to rivalry between Britain and Germany on the eve of World War One, but his top spokesman denied the Japanese leader meant war between Asia’s two big powers was possi... More »
MONTREUX, Switzerland (Reuters) – Syria’s government and opposition, meeting for the first time, vented their mutual hostility on Wednesday but a U.N. mediator said the enemies may be ready to discuss prisoner swaps, local ceasefires and humanitarian aid. Russ... More »
KIEV (Reuters) – Ukrainian opposition leaders emerged from crisis talks with President Viktor Yanukovich on Wednesday saying he had failed to give concrete answers to their demands, and told their supporters on the streets to prepare for a police offensive. Us... More »
DAVOS, Switzerland (Reuters) – Bombardier Inc does not need to refinance to complete the development of its $3.9 billion CSeries jet program, the Canadian train and plane maker’s chief executive said on Wednesday. “We don’t think we need to (do a debt refinanc... More »
LONDON (Reuters) – When the corporate cash dam bursts, everything will be ok, right? Well, maybe. Investors betting that the past year of more than 20 percent gains in western stock markets can be echoed, or at least sustained, through 2014 have long assumed t... More »
VIENNA/BRUSSELS (Reuters) – Iran has halted its most sensitive nuclear activity under a ground-breaking deal with world powers, a confidential U.N. atomic agency report reviewed by Reuters on Monday showed, paving the way for the easing of some Western sanctio... More »
BRUSSELS (Reuters) – Euro zone industrial production rose in November at its fastest pace in nearly four years, in an encouraging signal that the bloc’s economic recovery strengthened in the final quarter of 2013. Industrial production across the euro zone jum... More »
Vienna (Reuters) – The euro zone might grow stronger this year than so far expected, European Central Bank Governing Council member Ewald Nowotny said on Tuesday. The ECB raised its growth forecast for this year slightly in December and expects the euro zone’s... More »
