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The company’s rapid e-commerce growth and push into automation and artificial intelligence propelled its stock into the trillion-dollar club
European Central Bank Governing Council member Martin Kocher tells Bloomberg Television the ECB needs to keep all options available due to the unstable geopolitical and trade backdrop. “It’s important to have full optionality,” he tells Bloomberg’s Lizzy Burden
Dutch chipmaking equipment group predicts ‘significant increase’ in sales this year
The Czech Republic’s budget deficit exceeded the target for 2025, leaving the new government scrambling to find savings and financing for its priorities
Damage caused by US tariffs has so far been muted but that won’t last
DAVOS, Switzerland -- BlackRock CEO Larry Fink will open the World Economic Forum with a blunt acknowledgment that Davos — and the economic system it represents — is facing a crisis of legitimacy. Why it matters: As thousands of executives and global leaders descend on the Swiss Alps for a week of cocktails and canapés, WEF's interim co-chair will warn that the prosperity they celebrate has left too many people behind. Outside of the United Nations, this year's conference marks "the largest gathering of global leadership of the post-COVID era," Fink will say in his opening remarks Tuesday."But now for the harder question," he'll add. "Will anyone outside this room care?" The big picture: Fink, who inherits the mantle of "mayor of Davos" from WEF founder Klaus Schwab, is casting this year's forum as an elite gathering struggling for relevance in an age of populism and deep institutional distrust. "Many of the people most affected by what we talk about here will never come to this conference," Fink will acknowledge."Prosperity isn't just growth in the aggregate. It can't be measured by GDP or the market caps of the world's largest companies alone. It has to be judged by how many people can see it, touch it, and build a future on it." Between the lines: Fink believes the AI revolution — a theme of virtually every pavilion on the Davos promenade — will pose the ultimate test of whether capitalism can deliver prosperity beyond its traditional winners. "Since the fall of the Berlin Wall, more wealth has been created than in all prior human history combined," the world's most powerful asset manager will say. Most of it has accrued to the kinds of people who attend Davos."Now AI threatens to replay the same pattern," Fink will warn. "If AI does to white-collar work what globalization did to blue-collar, we need to confront that directly." What to watch: Fink's remarks set the stage for a week in which Davos' elite consensus will be tested by populist politics — including Pr
French Finance Minister Roland Lescure said the 2026 deficit could exceed 5.4% of economic output after parliament failed to adopt a budget bill before the end of last year
Metals fell at the end of a dramatic week, as news of a Chinese clampdown down on high-frequency trading cooled sentiment after frenzied activity in mainland futures that fueled global price gains
The replacement to the Household Support Fund aims to help people facing sudden difficulties
Mayor concerned that capital will be at ‘sharpest edge of change’ given dependence on white-collar jobs
It is premature to assume the AI era will lead to non-inflationary growth like the ’90s computing boom
January is a natural time to reflect on your career. If you're looking for a new job, here are four ways to help