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Tag: Breaking News: Davos

Grayscale CEO says most of the 11 approved bitcoin ETFs won't survive, defends highest fees in industry

Grayscale CEO says most of the 11 approved bitcoin ETFs won't survive, defends highest fees in industry

January 19, 2024January 19, 2024 · Banking

Michael Sonnenshein at the 2022 Forbes Iconoclast Summit at New York Historical Society on Nov. 3, 2022. Arturo Holmes | Getty Images Entertainment | Getty Images DAVOS, Switzerland…

Read more Grayscale CEO says most of the 11 approved bitcoin ETFs won't survive, defends highest fees in industry
The ‘greatest tragedy’ would be if central banks don’t finish the job on inflation, Larry Summers says

The ‘greatest tragedy’ would be if central banks don’t finish the job on inflation, Larry Summers says

January 20, 2023January 20, 2023 · Banking

Larry Summers at the World Economic Forum in Davos, Switzerland. David A. Grogan | CNBC Central banks not finishing what they have started in bringing inflation back to…

Read more The ‘greatest tragedy’ would be if central banks don’t finish the job on inflation, Larry Summers says
Bank of Japan defends yield curve control measures, intends to stick to ultra-easy monetary policy

Bank of Japan defends yield curve control measures, intends to stick to ultra-easy monetary policy

January 20, 2023January 20, 2023 · Banking

Bank of Japan Governor Haruhiko Kuroda on Friday defended the central bank’s decision to widen the trading band in its yield curve control program and committed to continuing…

Read more Bank of Japan defends yield curve control measures, intends to stick to ultra-easy monetary policy
In hindsight, monetary policy everywhere was too expansionary: Swiss central bank chief

In hindsight, monetary policy everywhere was too expansionary: Swiss central bank chief

January 20, 2023January 20, 2023 · Banking

“We probably all underestimated inflationary pressure in 2021,” Jordan told CNBC. Bloomberg / Contributor / Getty Images Monetary policy was “too expansionary” in previous years and the current…

Read more In hindsight, monetary policy everywhere was too expansionary: Swiss central bank chief
The whole West is threatened if an aggressor isn’t challenged, Dutch PM says

The whole West is threatened if an aggressor isn’t challenged, Dutch PM says

January 19, 2023January 19, 2023 · Business

Europe needs to do more to support Ukraine, according to the Dutch prime minister. Bloomberg / Contributor / Getty Images Dutch Prime Minister Mark Rutte said Thursday it…

Read more The whole West is threatened if an aggressor isn’t challenged, Dutch PM says
Irish premier hopeful of post-Brexit trade talk breakthrough — but ‘we’re not there yet’

Irish premier hopeful of post-Brexit trade talk breakthrough — but ‘we’re not there yet’

January 19, 2023January 19, 2023 · Banking

Taoiseach Leo Varadkar talking to the media outside the Stormont hotel on Jan. 12. Brian Lawless – Pa Images | Pa Images | Getty Images Irish premier Leo…

Read more Irish premier hopeful of post-Brexit trade talk breakthrough — but ‘we’re not there yet’
Former Indian central bank governor says a soft landing will be ‘very hard’ for the Fed

Former Indian central bank governor says a soft landing will be ‘very hard’ for the Fed

January 19, 2023January 19, 2023 · Banking

Rajan Raghuram at Jackson Hole, Wyoming August 24, 2018.  David A. Grogan | CNBC The U.S. Federal Reserve will find it “very hard” to engineer an economic soft…

Read more Former Indian central bank governor says a soft landing will be ‘very hard’ for the Fed
The UK is fiscally unstable, says North Sea oil CEO

The UK is fiscally unstable, says North Sea oil CEO

January 19, 2023January 21, 2023 · Banking

A British Union flag flies near Big Ben at the Palace of Westminster, in London, UK, on Monday, Oct. 24, 2022. Jason Alden | Bloomberg | Getty Images…

Read more The UK is fiscally unstable, says North Sea oil CEO
Greta Thunberg says Davos elite are prioritizing greed and short-term profits over people and the planet

Greta Thunberg says Davos elite are prioritizing greed and short-term profits over people and the planet

January 19, 2023January 21, 2023 · Banking

Swedish climate activist Greta Thunberg on Thursday accused the political and business elite at the World Economic Forum in Davos, Switzerland, of prioritizing self-interest and short-term profits over…

Read more Greta Thunberg says Davos elite are prioritizing greed and short-term profits over people and the planet
Ad mogul sees Meta rebounding ‘extremely strongly,’ Amazon ad revenue hitting 0 billion

Ad mogul sees Meta rebounding ‘extremely strongly,’ Amazon ad revenue hitting $100 billion

January 19, 2023January 21, 2023 · Banking

Sir Martin Sorrell, Executive Chairman, S4 Capital. Eóin Noonan | Sportsfile | Getty Images | Web Summit Advertising titan Martin Sorrell believes Meta will rebound “extremely strongly this…

Read more Ad mogul sees Meta rebounding ‘extremely strongly,’ Amazon ad revenue hitting $100 billion
Top pharma CEO says Covid likely to become endemic, urges investment in pandemic preparedness

Top pharma CEO says Covid likely to become endemic, urges investment in pandemic preparedness

January 19, 2023January 21, 2023 · Banking

Novartis said in August that it plans to spin off its generics unit Sandoz to sharpen its focus on its patented prescription medicines. Bloomberg | Bloomberg | Getty…

Read more Top pharma CEO says Covid likely to become endemic, urges investment in pandemic preparedness
Ukraine’s Zelenskyy tells Davos supplies of Western tanks must outpace another Russian offensive

Ukraine’s Zelenskyy tells Davos supplies of Western tanks must outpace another Russian offensive

January 18, 2023January 18, 2023 · Banking

“Mobilization of the world must outpace a next military mobilization of our joint enemy,” Zelenskyy said via videoconference at the World Economic Forum in Davos, Switzerland. Bloomberg |…

Read more Ukraine’s Zelenskyy tells Davos supplies of Western tanks must outpace another Russian offensive
IEA chief expects Russia to lose the energy battle, sees major difficulties for Moscow’s exports

IEA chief expects Russia to lose the energy battle, sees major difficulties for Moscow’s exports

January 18, 2023January 21, 2023 · Banking

The IEA’s Birol said that prior to Russia’s full-scale invasion of Ukraine on Feb. 24 last year, “Russia was the number one energy exporter to the world.” Natalia…

Read more IEA chief expects Russia to lose the energy battle, sees major difficulties for Moscow’s exports
John Kerry says thawing U.S.-China tensions could make a huge difference to climate fight

John Kerry says thawing U.S.-China tensions could make a huge difference to climate fight

January 18, 2023January 18, 2023 · Banking

Kerry said he hopes the resumption of diplomatic talks with China can make a “huge difference” in the fight to prevent the worst of what the climate emergency…

Read more John Kerry says thawing U.S.-China tensions could make a huge difference to climate fight
Credit Suisse CEO says outflows have reduced ‘very significantly’ as overhaul progresses

Credit Suisse CEO says outflows have reduced ‘very significantly’ as overhaul progresses

January 18, 2023January 21, 2023 · Banking

Switzerland’s second largest bank Credit Suisse is seen here next to a Swiss flag in downtown Geneva. Fabrice Coffrini | AFP | Getty Images Credit Suisse is seeing…

Read more Credit Suisse CEO says outflows have reduced ‘very significantly’ as overhaul progresses
China’s economy will be ‘on fire’ in the second half of 2023, StanChart chairman says

China’s economy will be ‘on fire’ in the second half of 2023, StanChart chairman says

January 18, 2023January 22, 2023 · Banking

Standard Chartered Bank (SCB) in downtown, brand logo and office building in Shanghai. Andy Feng | iStock Editorial | Getty Images China’s economy will be “on fire” in…

Read more China’s economy will be ‘on fire’ in the second half of 2023, StanChart chairman says
‘Big Oil peddled the big lie’: UN chief slams energy giants for ignoring their own climate science

‘Big Oil peddled the big lie’: UN chief slams energy giants for ignoring their own climate science

January 18, 2023January 22, 2023 · Banking

U.N. Secretary-General Antonio Guterres said that without further action, humanity was on course for a global temperature increase of 2.8 degrees Ceslius. Sean Gallup | Getty Images News…

Read more ‘Big Oil peddled the big lie’: UN chief slams energy giants for ignoring their own climate science
UniCredit CEO says Europe may defy the odds and avoid a recession

UniCredit CEO says Europe may defy the odds and avoid a recession

January 18, 2023January 18, 2023 · World News

A pedestrian wearing a protective face mask walks in front of a UniCredit SpA bank branch in Milan, Italy, on Thursday, Sept. 3, 2020. Camilla Cerea | Bloomberg…

Read more UniCredit CEO says Europe may defy the odds and avoid a recession
World must abandon Cold War mentality, China’s vice premier tells Davos

World must abandon Cold War mentality, China’s vice premier tells Davos

January 17, 2023January 17, 2023 · Banking

In a special address at the World Economic Forum in Davos, Switzerland, Liu repeatedly called on countries to improve diplomatic ties, “to “firmly safeguard world peace.” Bloomberg |…

Read more World must abandon Cold War mentality, China’s vice premier tells Davos
IMF chief: Growth will bottom out in 2023 and bounce back next year

IMF chief: Growth will bottom out in 2023 and bounce back next year

January 17, 2023January 17, 2023 · Banking

Managing Director of International Monetary Fund IMF Kristalina Georgieva attends a session during the World Economic Forum WEF 2022 Annual Meeting in Davos, Switzerland, May 25, 2022. Zheng…

Read more IMF chief: Growth will bottom out in 2023 and bounce back next year
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