World News

Globalism with Chinese characteristics on display in Davos

President Xi Jinping wasn’t present at of which year’s World Economic Forum meeting in Davos, Switzerland, although the impact of his speech championing globalization at last year’s gathering lingered. Xi’s right hand man, Liu He, took to the stage inside snow-capped Swiss town to reiterate claims about China’s commitment to opening up further. Chinese business executives in attendance, such as ...

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Previously unimaginable Israeli-Arab alliances today growing

Israeli Prime Minister Benjamin Netanyahu admitted to creating stronger strategic alliances with Arab countries inside wake of an emboldened Iran, calling This kind of “an extraordinary thing” in which he has not seen in his country’s entire history. “There is actually an alliance between Israel along with different countries inside Middle East in which might have been unimaginable years ago. ...

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Here’s the guest list for Trump’s dinner party in Davos

President Donald Trump hosted a dinner for European business leaders on Thursday, his first night at the planet Economic Forum in Davos, Switzerland. At the start of the event, each of the guests described what his or her company does, as well as most of them complimented Trump on the passage of the GOP tax cut bill. Notably absent via ...

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Dollar, US protectionism in addition to also also ECB in focus

Over in South Korea, the Kospi rose 0.95 percent to end at 2,562.23, with recent earnings reports in focus. Shares of SK Hynix rose 4.7 percent after the chipmaker announced Thursday which fourth-quarter operating profit came in at a record high of 4.47 trillion won ($4.42 billion). Annual operating profit for 2017, meanwhile, stood at a record 13.7 trillion won ...

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Sales growth curbed by forex

Diageo, the earth’s largest spirits company, reported a 1.7 percent increase in half-year sales on Thursday, as growth was curbed by foreign exchange rates along with issues including a later Chinese fresh Year along having a ban on selling alcohol near Indian highways along with stood by its full-year goals. Diageo said operating profit rose 6.1 percent to 2.2 billion ...

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Dollar slumps to a three-year low nevertheless This particular’s not worrying Europe … just yet

“nevertheless we need to be of course vigilant, watching This particular, in addition to because we need to strike the right balance especially between the dollar in addition to the euro,” the former finance minister of France added. President Donald Trump said before taking office in which the dollar was “too strong” in addition to American firms were therefore at ...

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