Saudi Arabia has shut down half of its oil production after drones attacked the world's largest oil processing facility in the kingdom.Marketsread more
Yemen's Houthi rebels have claimed responsibility for the attacks, which created a huge fire at a processor essential to global energy supplies.Politicsread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Trailers have become a cult phenomenon. Even short teasers that reveal little about the plot of the upcoming film are headline-worthy. Blogs and forums have become devoted...Entertainmentread more
Thanks to the performance of Beyond Meat, investors who focus on venture-backed tech IPOs have done well this year despite some notable disappointments.Technologyread more
Software company Intuit, maker of tax helper TurboTax, is in its eleventh year of stock gains and up 36% this year.Investingread more
CNBC did a deep dive through the most recent Wall Street research to find stocks with upside potential.Marketsread more
It's that time of the year again when some of the world's most powerful people lock themselves behind closed doors for three days of high-profile discussions.
Known as the world's most secretive meeting, the Bilderberg Meetings, held annually since 1954, will take place from June 9 - 12 in Dresden, Germany.
It has always attracted curiosity, as no one knows quite what is discussed – although topics released ahead of this year's meeting include the vague "Current events" (Brexit, Trump, migrants?). Other topics of discussion include Europe, Russia, cyber-security, geo-politics of energy and commodity prices (Saudi Arabia?) and 'Precariat and the middle class.'
Discussions are held under the strict Chatham House Rule – meaning that participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed.
According to the Bilderberg Meetings website, "participants are not bound by the conventions of their office or by pre-agreed positions. As such, they can take time to listen, reflect and gather insights. There is no desired outcome, no minutes are taken and no report is written. Furthermore, no resolutions are proposed, no votes are taken, and no policy statements are issued."
Over the years, there have been rumors of career launches and future presidents decided at Bilderberg. "Bill Clinton was a conference attendee in 1991, as a mere governor of Arkansas, a year before he was elected U.S. President. Tony Blair was only a shadow minister when he got his invitation … in 1993," said U.K. newspaper The Independent.
Chaired by the head of French insurance giant AXA Group, Henri de Castries, who also happens to be a count, this year's attendees include CEOs of multinationals including Shell, Deutsche Bank, Airbus, and Siemens; politicians such as former U.S. Secretary of State Henry Kissinger, German finance minister Wolfgang Schaeuble, and former head of the European Commission Jose Manuel Barroso. It also includes economists such as the International Monetary Fund's Christine Lagarde and World Economic Forum Chairman Klaus Schwab and lastly, royalty such as the King of the Netherlands.
"With so many politicians present, including three members of the German cabinet, the German military has been drafted in to oversee security," reported the Guardian newspaper.
And if you're wondering how to attend next year's meeting – unfortunately, one can only wait to be invited as there is no application. "Participants are invited because they can offer a different point of view," according to the Bilderberg Meetings website.