Davos - World Economic Forum Davos 2012

  • Larry Summers: 'A Lot of Work' to Fix Economy Friday, 27 Jan 2012 | 5:27 AM ET

    There is still a long, hard struggle ahead to fix the U.S. and Europe’s economies, Larry Summers, the Harvard University professor and former Treasury Secretary, told CNBC at the World Economic Forum in Davos Friday.

  • Live Blog: 'The Future of the Euro Zone' Event
    By: Ted Kemp
    Friday, 27 Jan 2012 | 5:47 AM ET
    A one Euro coin stands on a map of Brussels.

    This is a live blog from "The Future of the Eurozone," an event at the World Economic Forum in Davos, Switzerland, in which our panelists will debate the question, "How will the Eurozone economies emerge from the euro crisis?"

  • Europe Risks 'Balkanization': UK Chancellor Friday, 27 Jan 2012 | 11:25 AM ET
    Chancellor of the Exchequer George Osborne holds Disraeli's original budget box as he leaves 11 Downing Street for Parliament.

    The biggest risk brought on by the euro debt crisis is "Balkanization" – the fragmentation of economic interests according to narrow, mainly national criteria, UK Chancellor George Osborne told CNBC Friday.

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    During Europe's financial crisis the European Central Bank has been "an anchor of stability and confidence," former president Jean-Claude Trichet said.

  • Europe Needs a Two-Speed Euro: Economist Friday, 27 Jan 2012 | 10:25 AM ET

    The euro has fundamental flaws, with no room for flexibility and Europe needs to move towards a political union as the euro cannot survive in its current format, Dr Gerard Lyons, chief economist at Standard Chartered told CNBC on Friday at the World Economic Forum in Davos.

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    Despite natural gas prices falling to near 10-year lows last week, Shell's CEO Peter Voser says demand for gas will be much higher than oil in the long term with the Asia-Pacific region driving the sector's growth.

  • Soybean crop

    Volatility has become a way of life, but people still have to eat. That's why sales at Dupont's agricultural businesses, including seed and insecticide, have been strong, according to CEO Ellen Kullman.

  • Bank in Greece

    Proposals for a tax on financial transactions in the euro zone will become reality, Wolfgang Schaueble, Germany’s finance minister, told CNBC at the World Economic Forum in Davos Friday.

  • We're Coping in Low-Rate Environment: Zurich CEO
    By: Rajeshni Naidu-Ghelani|Assistant Producer, CNBC Asia-Pacific
    Friday, 27 Jan 2012 | 3:36 AM ET
    Life Insurance

    The decision by the U.S. Federal Reserve earlier this week to keep interest rates near zero through 2014, is going to likely have an impact on industries like insurance that depend on investment income.

  • EU's Almunia: No to NYSE-Deutsche Boerse Merger Friday, 27 Jan 2012 | 4:58 AM ET

    The European Union's Commissioner for Competition dismissed criticism that moves to block the merger between NYSE Euronext and Deutsche Boerse were indicative of a Europe-wide problem of being too difficult on regulation.

  • Make Unemployed Youth Work for Free Thursday, 26 Jan 2012 | 4:36 PM ET

    Young people should work for free for up to two years to gain experience, youth and business leaders said at the World Economic Forum in Davos Thursday.

  • Klaus Regling, chief executive officer of the European Financial Stability Facility (EFSF)

    There is still “a lot of money” left in the European Financial Stability Facility (EFSF), the fund set up to bail out struggling euro zone countries, Klaus Regling, chief executive of the fund, told CNBC Thursday.

  • Egyptians pose for photos atop by an Egyptian army tank in Cairo, Egypt. Two days after the resignation of President Hosni Mubarak, the Egyptian army is asserting its control and has dissolved the parliament and is suspending the constitution, meeting two key demands of pro-democracy protesters.

    The newly-elected Islamist governments in countries such as Egypt need to address urgent economic issues such as unemployment ahead of religious concerns, political leaders and religious experts said at the World Economic Forum Thursday.

  • Dimon: Impact of Greek Default on US Banks Zero Thursday, 26 Jan 2012 | 8:43 AM ET
    Jamie Dimon

    The impact of a Greek default on American banks would be negligible, JP Morgan Chase CEO Jamie Dimon told CNBC on Thursday, and while there are chances of a bad outcome in Europe, he is not concerned about unpleasant surprises in the region.

  • Eric Schmidt

    The Internet is more resilient to the economic downturn than other industries, Eric Schmidt, Executive Chairman of Google told CNBC in Davos on Thursday, and it will continue to create opportunities for “alarmingly interesting” things1st paragraph of story should go here

  • Facebook May Be Largest IPO in History: Sean Parker Thursday, 26 Jan 2012 | 10:57 AM ET
    facebook president Sean Parker

    It is “inevitable” that Facebook will go public and when it does it could be “the largest offering in history,” said Sean Parker, the first president of the social-networking site, in an interview with CNBC at the World Economic Forum in Davos.

  • Strong Growth in Europe: CEO Liberty Global Thursday, 26 Jan 2012 | 1:30 PM ET
    Mike Fries, President and CEO of Liberty Global

    Michael Fries, chief executive of cable operator Liberty Global sits down with CNBC to discuss its growth strategy.

  • Commentary: Shaping a New Communications Model
    By: Rob Flaherty|Senior Partner HKSCKPVIamp; President, Ketchum
    Thursday, 26 Jan 2012 | 10:50 AM ET

    It might sound heretical for a leader of a communications firm to suggest it, but lately I’ve been thinking that a lot of big brands and companies should take a vow of silence.

  • Markets Underestimate ECB's Effect on Banks: Pro
    By: Reported by Geoff Cutmore, Written by Antonia Oprita|CNBC.com
    Thursday, 26 Jan 2012 | 10:15 AM ET

    Investors underestimate just how positive an effect the ECB's move to flush the market with liquidity has had on banks, Huw van Steenis, head of EMEA banks and financials research at Morgan Stanley, said.

  • Fed Rate Decision Welcome, Economy Shaky: CEOs Thursday, 26 Jan 2012 | 7:31 AM ET
    Interest rates

    The Federal Reserve’s announcement on interest rates was welcomed by business leaders in Davos Thursday morning – but there is still nervousness about the future of the US economy.

  • Austerity 'Does Not Deliver': HSBC Chief Economist Thursday, 26 Jan 2012 | 5:34 AM ET

    Austerity alone does not deliver the rewards it is meant to and the threats of stunted economic growth and recession remain high in the euro zone, Stephen King, global chief economist at HSBC told CNBC.

  • Equity Markets on Life Support: Hermitage CEO Thursday, 26 Jan 2012 | 4:34 AM ET
    Traders work on the floor of the New York Stock Exchange

    Loose monetary policy in both the U.S. and Europe has kept global equity markets on “life support,” says Bill Browder, CEO of London-based hedge fund Hermitage Capital.

  • Eastern Europe's Growth Hinges on Euro Zone: EBRD
    By: Reported by Geoff Cutmore, Written by Antonia Oprita|CNBC.com
    Thursday, 26 Jan 2012 | 5:37 AM ET
    Budapest, Hungary

    Growth in Central and Eastern Europe hinges on developments in the euro zone and a slowdown in the CEE region is already underway, European Bank for Reconstruction and Development (EBRD) chief economist Erik Berglof told CNBC on Wednesday.

  • Roubini: Europe Needs 'Massive Monetary Easing' Wednesday, 25 Jan 2012 | 8:07 AM ET
    Nouriel Roubini

    Europe needs "massive monetary easing" to get out of its debt crisis, otherwise Greece will likely abandon the euro in a year and a half, famous economist Nouriel Roubini told CNBC on Wednesday. 

  • Strong Demand for Media Technology: Comcast CEO
    By: CNBC.com
    Thursday, 26 Jan 2012 | 7:32 AM ET
    Brian L. Roberts

    Consumer demand for media technology is strong, and small- and medium-sized businesses will be a growth area for media technology in the next few years, the chairman and CEO of Comcast told CNBC Thursday.

  • BofA CEO on Recovery, Plans for Company Wednesday, 25 Jan 2012 | 4:26 PM ET

    Bank of America CEO Brian Moynihan sounded optimistic Wednesday about a US economic recovery and discussed his plan to improve the company’s stock price.

  • Merkel Cool to Calls for Boosting Bailout Fund
    By: Associated Press
    Wednesday, 25 Jan 2012 | 2:25 PM ET

    German Chancellor Angela Merkel has rejected calls for a big increase in the eurozone's rescue fund.

  • Morgan Stanley CEO Sees 'Room for Optimism' Wednesday, 25 Jan 2012 | 11:56 AM ET

    "The year has started a little firmer," Morgan Stanley CEO James Gorman told CNBC during the Davos World Economic Forum. "The U.S. is in a little better shape than the markets have appreciated, and the markets are catching up."

  • Commentary: Demanding a New Breed of Leadership
    By: Beth Brooke|Global Vice Chair, Public Policy, Ernst HKSCKPVIamp; Young
    Wednesday, 25 Jan 2012 | 11:10 AM ET
    A sign of the World Economic Forum (WEF) is seen at the Congress center in the Swiss resort of Davos on January 24, 2012.

    "The old, hierarchical command-and-control approach is increasingly outdated. Instead, the ability to seek out diverse viewpoints and identify blind spots has become essential," writes Beth Brooke, Global Vice Chair, Public Policy at Ernst & Young.

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    The euro zone is nowhere near finding a solution to the debt crisis plaguing it and needs deep restructuring as well as a new constitution as part of an effective long-term remedy as printing money will not solve its problems, Kenneth Rogoff, Professor at Harvard University told CNBC on Wednesday.

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    Employment is the most important issue facing the world over the next decade, Vikram Pandit, chief executive of Citigroup, along with the other co-chairs of the World Economic Forum, told journalists in Davos Wednesday.

  • Hami Solar Power Station

    Even though falling solar panel prices led to a plunge in solar stocks in 2011, the CEO of U.S.-listed Suntech, the world's largest producer of panels, remains upbeat on the sector, saying it is has now become competitive vis-à-vis other energy sources.

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    TK Kurien, tells CNBC that his Bangalore-based IT services firm will  benefit in a challenging environment as its clients look to cut costs and squeeze out growth.

  • Uncertainty, Yes, but Opportunities Lie Ahead
    By: Mark Spelman|Global Head of Strategy, Accenture
    Wednesday, 25 Jan 2012 | 1:06 AM ET

    Uncertainty and volatility will likely be the two words we will hear most during the first two days in Davos — uncertainty about economic growth rates, particularly in Europe, and volatility in commodity prices driven by continuing demand in emerging markets and possible political disruptions around the world.

  • CEOs Have Gloomy Outlook, but Will Start Hiring Wednesday, 25 Jan 2012 | 4:15 AM ET

    The mood among chief executives of the world’s biggest companies has gotten worse, but the outlook for jobs may be improving, according to a survey by PricewaterhouseCoopers.

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    Although private equity is part of the larger capital markets that have driven growth and job creation in America, Glenn Hutchins, Silver Lake co-founder and co-CEO, tells  CNBC that private equity gets a bad rap.

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    More than 40 years since the World Economic Forum (WEF) began as the rather less-impressive sounding European Management Forum, political leaders, chief executives of the world’s biggest banks, royalty, actors and pop stars will converge on the small Swiss ski resort of Davos next week.

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    Europe’s banking system is on the brink — and Wall Street is its bedfellow.  So what does Wall Street want out of Europe's most elite economic confab? Skiing, distressed debt deals, and above all: solvency.

  • Climate Change and its Impact on Food Prices
    By: Trevor Curwin,|Special to CNBC.com
    Sunday, 22 Jan 2012 | 4:56 PM ET

    Food prices and security, threatened by weather-caused production declines and relentless rising demand, will be a key issue at the conference of world business, political and social leaders.

  • Davos Promoting 'Corporate Social Responsibility'
    By: Dinah Wisenberg Brin, |Special to CNBC.com
    Sunday, 22 Jan 2012 | 4:56 PM ET
    Women filling and labeling Nourimanba jars.

    As investors and consumers watch them more closely, corporations are growing more conscious of their environmental and social behavior.

  • The Miseries of a Davos Wife Tuesday, 24 Jan 2012 | 2:02 PM ET

    Last year, our favorite story from Davos explained the on-going battle involving wives, mistresses and aspiring mistresses. It was just the right combination of rumor, scandal and cutting details. The first edition of this year's version of the Davos Wife confessional is somewhat tamer.

  • IMF Needs More Funding to Stem Euro Crisis: Lagarde
    By: Jeff Cox
    Monday, 23 Jan 2012 | 9:07 AM ET
    Christine Lagarde, managing director of the International Monetary Fund (IMF)

    The International Monetary Fund needs $500 billion to help contain the spreading European debt crisis, the organization's managing director, Christine Lagarde, told CNBC.

  • Poll: Why Go to WEF in Davos?
    By: CNBC.com
    Sunday, 22 Jan 2012 | 5:08 PM ET
    Polish President Aleksander Kwasniewski dances with his wife Jolanta at the Gala soiree of the World Economic Forum in Davos 29 January 2005.

    The annual meeting of the world's power brokers in Switzerland tackles some big subjects and attracts a lot of media attention but so what?

  • Quiz: The Global Economy Friday, 20 Jan 2012 | 5:21 PM ET

    Every year, 2,500 of the globe’s biggest thinkers and doers – ranging from finance to politics – gather in the small Swiss alpine resort of Davos for the World Economic Forum to take on the problems of humankind. It’s a major media event, worthy of a CNBC.com quiz.

World Economic Forum Special Report