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Inequality risks destabilizing “global society”, Klaus Schwab, the German economist who founded and chairs the World Economic Forum, told CNBC on Tuesday.

Angela Merkel's watch.

A watch says a lot about the wearer. Merkel's choice of a simple watch shows her aversion to public debt and a fiscal deficit.

Thousands of striking miners march to the offices of Anglogold Ashanti  in Carletonville on October 18, 2012.

The outlook for South Africa looks increasingly unstable as foreign and indigenous companies retrench.

Morning bathers  by the Hooghly River with the massive outline of Howrah Bridge filling the skyline in Kolkata, India.

It was first reported in 2010 that the pillars of Kolkata's landmark Howrah bridge were being used as spittoons by pedestrians who chewed gutkha – a tobacco product popular with millions in India. The Christian Science Monitor reports.

Nicosia, Cyprus

Cyprus may seem too small for markets to care. But UBS has warned that the Mediterranean island is big enough to cause trouble in the euro zone after seeking a bailout from the troika, made up of the International Monetary Fund, the European Commission and the European Central Bank.

The 2013 World Economic Forum’s annual meeting in Davos, Switzerland.

Edvard Munch's The Scream

When the public sits up and notices the art market, it is usually when an anonymous buyer pays a mind-boggling sum to acquire a prized painting.

Aerial view of Christ the Redeemer Monument in Coreovado overlooking the city and Sugarloaf Mountain - Rio de Janeiro in Brazil.

Brazil, long viewed as one of the most promising emerging markets, has seen its crown slip slightly in recent months as its dominance is under threat with other emerging markets competing fiercely on cost.

Fish and chips, London.

The EU without Britain would be like "fish without chips", the prime minister of Finland said on Wednesday as he made a case for Britain remaining an influential player in Europe.

Riga, Latvia

As southern euro zone countries groan under the weight of austerity measures, the Baltic country Latvia has been so enthusiastic and seemingly successful in its application of austerity measures that even the International Monetary Fund (IMF) has warned Latvia to not go too far.

Battersea power station and nearby residential flats.

One of the most recognizable buildings in London has seen substantial interest from buyers, as its latest developers try to create an 8 billion pounds ($12.9 billion) “new town center” south of the Thames.

Thomas Kuban, who for over a decade filmed neo-Nazi concerts and other right-wing events, wears a disguise as he explains the use of one of the miniature cameras he used.

Disguises, pseudonyms and Hitler's salute were all part of one man's secret mission to infiltrate Europe’s far-right scene, the Global Post reports.

Queen Beatrix of the Netherlands and Queen Fabiola of Belgium

Belgium's prime minister, Elio Di Rupo, has rebuked Queen Fabiola for trying to shield some of her fortune from taxes.

New Poll Finds Half of All Americans Support Pot Legalization

Smoking pot in the Netherlands is now a city-by-city choice for tourists, the Global Post reports.

Germans take pride in their engineering and organisational skills but their country's reputation for efficiency has been exploded by a farcical series of delays in building Berlin's new international airport

Workmen clean the exterior of The Shard on April 16, 2012 in London, England.

The Shard opens to the public on February 1. CNBC got a sneak preview of London from 44 floors up on the Shard's viewing platform.

Daniel Day-Lewis and Steven Spielberg at the "Lincoln" premiere in November in Hollywood.

The Academy Award nominations were announced, and leave it to a small-business group to find an entrepreneur angle in Hollywood awards season.

Ireland has returned to the debt markets, peripheral bond yields have fallen and equities have rallied to 22-month highs. What can possibly go wrong?


It's been heralded as a game-changer for the global oil industry: the boom of shale oil in the United States, and with it the real prospects of ramping up domestic energy production and reducing imports. But it also raises serious questions about where it leaves Gulf oil producers.

Marc Faber

Marc Faber told CNBC on Tuesday that he owns gold as an "insurance policy" despite a possible correction.

The United States dominates the list of places that global commercial real estate investors would prefer to put their money this year, while China has lost some luster and Turkey has added sparkle, according to a survey of international investors.

Highclere Castle

You don't have to be the Earl of Grantham to own your own British country estate. But it helps to have a royal-sized fortune. Here's what it costs to buy, own and maintain a grand estate in the U.K.

Ultra-Orthodox Jews pray  in Tel Aviv, Israel.

Diamond manufacturing is a dwindling trade in Israel. The country has one of the world's hottest diamond exchanges, but polishers and cutters of the precious stones have been replaced by cheaper workers in newer hubs like India and China.

French actor Gerard Depardieu

French actor Gerard Depardieu's flirtation with moving to Russia to escape tax hikes obscures the broader fact that wealthy Russians are fleeing their country.

Riga, Latvia

Latvia, feted by fans of austerity as the country-that-can and an example for countries like Greece that can’t, has provided a rare boost to champions of the proposition that pain pays.

Playboy founder Hugh Hefner and his fiance Crystal Harris

Playboy founder Hugh Hefner swapped his iconic silk pajamas for a tuxedo to marry Crystal Harris.

Red wine grapes

Warmer temperatures mean soon you may have to pay more for your favorite Bordeaux — if you can find it, the Global Post reports.

This year risks being a "groundhog year" for the U.K.'s embattled economy as it threatens to repeat much of 2012's gloom, according to an influential think tank.

The resurgence of German soccer began, like the country's economic comeback, after a long slide toward stagnation amid dire prophecies of impending irrelevance.

Silvio Berlusconi

Former Italian Prime Minister, Silvio Berlusconi, who is preparing to make a comeback in elections due in February 2013, has hinted at a conspiracy that toppled his government in November last year.