Inequality risks destabilizing "global society" says Klaus Schwab, the German economist who founded and chairs the World Economic Forum.
The World Economic Forum's annual get-togethers in Davos have been widely criticized as a week-long party for the rich and powerful. But for some, the Forum is an important platform for discussing global issues and solutions.
Luxury goods group Richemont gave a cautious outlook on Monday after slowing wholesale demand for its pricey products pushed sales growth in the last quarter below forecasts.
At 2013's meeting, Maria and her team look forward to the themes, opportunities and surprises that come out of the World Economic Forum. In preparation, Maria discusses what will, and has, comes out of Davos. Would you believe Mick Jagger?
As the financial crisis in Europe and the U.S. forces governments to reduce budgets, entitlement policies have been cut and income inequality has increased.
Travel advice for the wealthy elite -- plus guidelines on cocktail attire -- seem far removed from the Forum's commitment to "improving the state of the world."
In a departure from recent times, the Davos gathering will be dominated by the U.S. fiscal crisis rather than Europe's.
UBS has yet to fully purge itself of a global interest rate scandal that has put it at risk of a wave of costly civil suits, its investment banking chief said on Wednesday.
Global regulators gave banks four more years and greater flexibility on Sunday to build up cash buffers so they can use some of their reserves to help struggling economies grow.
The Swiss National Bank is opening a branch in Singapore to allow for round-the-clock management of its foreign exchange reserves, which it needs to tap to defend the safe-haven franc from over-heating.
President Obama on Friday signed a bill that brings U.S. trade relations with Russia into the 21st century but also ushers in a testy era in which the United States could publicly "name and shame" Russian human rights violators.
In an exclusive interview with CNBC, chairman of the Swiss National Bank, Thomas Jordan says the central bank could employ negative interest rates as a means to keep the Swiss franc low.
The Swiss government said it was cautiously optimistic for the economic outlook assuming the euro zone debt crisis does not again escalate even as it trimmed its growth forecast for 2013 to 1.3 percent.
Secret information on counter-terrorism shared by foreign governments may have been compromised by a massive data theft.
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Bruno Pfister, CEO of insurance company Swiss Life, tells CNBC that they are not wearing rose colored glasses when it comes to the medium term outlook and are cutting 300 to 400 jobs at the company.
Amid wrangling over how much money the European Union spends at a time of grinding austerity across the Continent, Martin Ehrenhauser, an Austrian member of the European Parliament, lobbed a sobering question this summer at the union’s Brussels bureaucracy: How many bottles of booze does it have stocked in its wine cellars, the New York Times reports.
As Greece redoubles its efforts to raise billions to cut its debt and stoke its economy, the move toward privatizing assets faces daunting hurdles, the New York Times reports.
Spain plans to offer residency permits to foreigners who buy houses priced at more than 160,000 euros ($203,845) as part of its efforts to revive a collapsed real estate market and divest itself of hundreds of thousands of unsold homes.
LONDON, Nov 6- Gold rose for a second day on Tuesday, largely tracking equities, as the market watched the U.S. presidential election in which a win for President Barack Obama could boost bullion by raising expectations for Federal Reserve stimulus.