Bruised by months of street protests and calls to resign, Hong Kong's pro-Beijing leader Carrie Lam came to Davos with a tricky pitch to sell -- that the Chinese territory is still a safe destination for investment and she is not going anywhere.

Continued strong demand for travel boosted airline earnings Thursday even as U.S. carriers struggle with the grinding Boeing 737 MAX crisis that has clouded their outlook.

The president of the European Commission was keen to reassure the billionaires' retreat in Davos: a deal is in the works to head off fears of a trans-Atlantic trade war.

The annual World Economic Forum wrapped up its second day in Davos on Wednesday, where a punchy US President Donald Trump swung into high gear, relaunching a trade battle with Europe.    

U.S. President Donald Trump, fresh from calling a trade truce with China, threatened on Wednesday to impose crippling tariffs on European autos unless the EU budges on a transatlantic deal.

U.S. President Donald Trump and new EU Commission President Ursula von der Leyen said on Tuesday that they are working towards agreeing a U.S.-EU trade pact, as both sides seek to reduce bilateral commerce tensions.

Asian stock markets slumped Tuesday as a SARS-like virus taking hold in China spooked investors, while sentiment suffered a knock also from a credit-ratings downgrade to major financial hub Hong Kong, analysts said.

Presidents Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on digital giants to the end of the year, postponing Washington's threat of sanctions against Paris, a French diplomatic source said Monday.

The source said the French and US leaders, who spoke on Sunday, had agreed to give negotiations a chance to "find a solution in an international framework" and avoid "a trade war that will benefit no one". 

Easing US-China trade tensions have lessened uncertainty and the world economy may have hit bottom but a sharp slowdown in India is creating a drag worldwide, the International Monetary Fund said Monday.

Cyprus on Sunday accused Turkey of "piracy" after Ankara announced new plans to drill for oil and gas in the divided island’s maritime zone, despite the threat of EU sanctions.