World

German Finance Minister Christian Lindner said Tuesday that he believed the country would experience a mild recession in 2023, but that he felt positive about his country’s economic outlook. “We still have to cope with high uncertainty, but I think the economic outlook is improving,” Lindner told CNBC’s Geoff Cutmore …

Russian President Vladimir Putin speaks during a news conference after a meeting of the State Council on youth policy in Moscow, Russia, December 22, 2022.  Sergey Guneev | Sputnik | Reuters Poland’s President Andrzej Duda has slammed his Russian counterpart, saying Vladimir Putin is behaving like a colonialist. “Vladimir Putin …

DUBAI, United Arab Emirates — Dubai’s property sector is going from strength to strength, as growth and reform in the oil-rich Arab Gulf states attract more foreign residents, companies and investors. Property transactions in Dubai year-to-date hit a record high by the end of 2022, surpassing previous records reached over …

CEO Ralph Hamers of Swiss bank UBS addresses the Annual Meeting of Swiss Financial Institute in Zurich, Switzerland, on Nov. 10, 2022. Arnd Wiegmann | Reuters 2023 will be “the year of inflection” for the global economy, said UBS CEO Ralph Hamers on the sidelines of the World Economic Forum …

A tai chi session in Nantong, East China’s Jiangsu province, on Oct. 23, 2022. The nation’s economy grew 3% for the full year of 2022 — the second-slowest growth rate it has seen since 1976. Future Publishing | Future Publishing | Getty Images China may have marked one of the …

Chinese and Hong Kong flags flutter as screens display the Hang Seng Index outside the Exchange Square complex, which houses the Hong Kong Stock Exchange (HKEX), on January 21, 2021 in Hong Kong, China. China News Service | China News Service | Getty Images Hong Kong markets are set to …

FTX logo with crypto coins with 100 Dollar bill are displayed for illustration. FTX has filed for bankruptcy in the US, seeking court protection as it looks for a way to return money to users. Jonathan Raa | Nurphoto | Getty Images The co-founders of failed cryptocurrency hedge fund Three …

OECD Secretary-General Mathias Cormann on Monday said China’s reopening is “overwhelmingly positive” in the global fight to tackle surging inflation. “We certainly very much welcome the easing of Covid related restrictions in China,” Cormann told CNBC’s Joumanna Bercetche at the World Economic Forum in Davos, Switzerland. “Over the short term, …

Saudi Arabia can help be a conduit between the U.S. and China at a time of heightened geopolitical tensions, Saudi Finance Minister Mohammed al-Jadaan said Monday at the World Economic Forum in Davos, Switzerland. The comments came amid questions over what the minister was most worried about in 2023. He …

The European Central Bank is expected to continue raising rates aggressively in the short-term as the euro zone economy proves more resilient than anticipated. Haussmann Visuals | Moment | Getty Images After China’s reopening and a deluge of positive data surprises in recent weeks, economists are upgrading their previously gloomy …