"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.World Economyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Traderead more
On Sunday, the 71st Primetime Emmy Awards will honor the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
Gluskin Sheff's David Rosenberg reinforces his recession forecast following the Federal Reserve's September meeting.Futures Nowread more
Goldman Sachs will shift jobs away from London while bulking up its European presence by "hundreds of people" as it executes on Brexit contingency plans, the chief executive officer of Goldman Sachs International told CNBC on Tuesday.
Questioned on whether the European expansion would reflect the moving of jobs out of London or the hiring of new personnel on the continent, Richard Gnodde confirmed that the plans would reflect two strategies.
"It'll be a combination of things. We'll hire people inside of Europe itself and there will be some movement," he clarified, explaining that the upcoming period will see investment in infrastructure, people, systems and technology. Goldman Sachs also confirmed that this movement away from London would not necessarily result in a net reduction of workers in the U.K.
"For this first period, this is really the period where we put in place these contingency plans, this in the hundreds of people," said Gnodde, when asked to put numbers to anticipated headcount increases on the continent.
Speaking exclusively to CNBC at the Goldman Sachs Disruptive Technology Conference in London, Gnodde said that against the backdrop of discussions over Britain's exit from the European Union (EU), which are due to kick off next week, the apparent lack of a transition process or period for financial services firms means that contingency plans are being relied upon.
"Whatever the outcome, London will remain for us a very significant regional hub and a significant global hub," acknowledged the senior banker, while noting that operations in several European cities will be expanded as part of the contingency plans being actioned.
"We start with a significant European footprint, we are licensed with banks in Germany and France," began Gnodde, adding that over the next 18 months the bank would upgrade its European facilities and take extra space and headcount on the continent.
While emphasizing that a "business line by business line" analysis of the bank's upcoming changes had been undertaken, the Goldman Sachs veteran was also keen to point out that the contingency plans did not reflect the eventual layout of the firm once the parameters of the European financial services landscape were understood following Brexit.