Europe

The European Union still believes President Joe Biden’s Inflation Reduction Act discriminates against companies in the bloc, its top trade minister said Thursday. However, Valdis Dombrovskis told CNBC that the EU was engaged in ongoing negotiations with U.S. officials that had allayed only some of its concerns so far. He noted …

Trade tensions between the EU and the US are dominating the talk in Davos. Anadolu Agency | Anadolu Agency | Getty Images DAVOS, Switzerland — It’s the talk of the town. Transatlantic trade tensions are dominating conversations at the World Economic Forum this week. On the one hand, European officials …

An offshore drilling platform stands in shallow waters at the Manifa offshore oilfield, operated by Saudi Aramco, in Manifa, Saudi Arabia. Simon Dawson | Bloomberg | Getty Images The chief of the world’s largest oil company said he is worried about global crude supplies. Current market dynamics — such as …

2024 Chevrolet Corvette E-Ray hybrid sports car GM DETROIT – General Motors’ first-ever “electrified” Corvette will be available later this year starting at more than $104,000, the automaker said Tuesday. The vehicle also will be all-wheel drive, another first for the quintessential American sports car. The carmaker said the E-Ray, …

The CEO of German tech giant SAP said the world is entering the next phase of globalization — and he’s largely optimistic on the outlook for technology despite challenges posed by higher interest rates and supply chain disruptions. “We are entering from my perspective the next phase of globalization,” SAP …

Spanish Prime Minister Pedro Sanchez. Anadolu Agency | Anadolu Agency | Getty Images DAVOS, Switzerland — Spanish Prime Minister Pedro Sanchez told CNBC Monday that the European Union has something to learn from Washington and its new policies to fight inflation, saying he hopes that a trade war between the …

Employee satisfaction is a big motivator for companies to go green, particularly as the U.K. faces its tightest labor market in decades. Hiroshi Watanabe / Getty Images LONDON — A fifth of the world’s biggest companies have committed to reaching net-zero carbon emissions, according to analysis by the Energy and …

George Soros, billionaire and founder of Soros Fund Management, at the World Economic Forum in Davos, Switzerland, in Jan. 2016. Matthew Lloyd | Bloomberg | Getty Images The World Economic Forum in Davos, Switzerland, kicks off next week. It’s an annual meeting where a global elite of business leaders, politicians …

Wind turbine blades photographed at a facility in China’s Hebei Province on July 15, 2022. The world’s second largest economy is a major force in technologies crucial to the planned energy transition. VCG | Visual China Group | Getty Images The world is moving into “a new age of clean …

The Swiss national flag hangs from the Federal Palace, Switzerland’s parliament building, in Bern, Switzerland, on Thursday, Dec. 13, 2018. The Swiss National Bank cut its inflation forecast and showed no inclination of moving off its crisis-era settings, citing the francs strength and mounting global risks. Photographer: Stefan Wermuth/Bloomberg via Getty Images …