President of Eurogroup urges Volkswagen to deal with the emissions scandal urgently, or risk damaging Germany's reputation.» Read More
South African President Jacob Zuma on Wednesday questioned whether Africa was more risky than other regions across the globe, arguing in a debate at Davos that the continent was growing and moving forward.
Wong Wai Ming, chief financial officer at Lenovo, says use of the personal computer is not in decline but actually growing in some sectors.
A lifeless economy is expected to cost Britain its place among countries with top-notch credit ratings this year, a Reuters poll showed on Wednesday.
Global growth for 2013 will now be lower than previous estimates, according to the International Monetary Fund, as the sovereign debt crisis in Europe continues to pose a large downside risk to the economy.
The euro zone economy is not out of the woods yet, UBS Chairman Axel Weber told CNBC at the World Economic Forum in Davos on Wednesday, pointing to the Italian elections and Spain's ability to tap financial markets for funding as significant risks.
Shares in Banca Monte dei Paschi di Siena, Italy's third-biggest lender, fell more than 5 percent for the second day in a row on Wednesday on worries of mounting losses on some financial derivative positions which it took in 2008 and 2009.
The European economy will continue to stabilize albeit slowly this year as the euro zone crisis looks to be contained, a number of CEOs told CNBC at the World Economic Forum in Davos, Switzerland.
With billions of dollars' worth of distressed assets in its banks waiting to be snapped up by more intrepid investors, Europe is one of the "largest emerging markets" in the world, according to the chief executive of global private equity firm The Carlyle Group.
Spain's economy shrank in the final months of 2012 at the fastest pace since its recession began, data showed on Wednesday, pummeled by falling domestic demand and with no return to growth on the horizon.
CNBC's Kelly Evans reports on remarks made by British Prime Minister David Cameron that "there is a gap between the EU and its citizens that has grown dramatically in recent years."
JPMorgan Chase CEO Jamie Dimon has hit back at policymakers and new regulations, telling CNBC in Davos that some of the rules had made things more complicated and that many of the problems had still not been fixed.
David M Rubenstein, co-founder and CEO of Carlyle Group, tells CNBC that Europe is looking attractive again for private equity deals as the prices have been beaten down so much it is like the 'largest emerging market in the world'.
John Lipsky, distinguished visiting scholar at the Paul H. Nitze School of Advanced International Studies, tells CNBC why an 'everyone for themselves' mentality and inconsistency of policies is creating the risk of a currency war.
The Bank of England's inflation-targeting remit needs to be fine-tuned but should not undergo fundamental change, central bank governor Mervyn King said in a wide-ranging speech on Tuesday.
Stephen King, group chief economist at HSBC, tells CNBC that UK trade links with Europe have grown enormously over the last twenty five years in contrast to countries in the emerging world.
Prime Minister David Cameron promised on Wednesday to give Britons a straight referendum choice on whether to stay in the European Union or leave within the next parliament if he is re-elected at the next election in 2015.
CNBC's Geoff Cutmore has been gathering opinions from CEOs at Davos, who expect 2013 to be another tough year with Europe being singled out as a problem.
Barry Eichengreen, professor of economics and political science at the University of California, Berkeley, tells CNBC that the euro crisis is in remission but the underlying condition has not been cured.
Nils Smedegaard Andersen, group CEO at A.P. Moller - Maersk, tells CNBC that they see a gradual stabilization in Europe with the poltical tendencies going in the right direction.
Barclays has launched a consultation with staff in its investment bank whose jobs are at risk following a strategic review by new Chief Executive Antony Jenkins, the bank said on Tuesday.
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Volkswagen U.S. CEO, Michael Horn underlines how Volkswagen will build its reputation back after the emissions scandal.
Volkswagen U.S. CEO, Michael Horn talks about how Volkswagen will compensate customers, sort out the excess pollution created and fix the vehicles.
Volkswagen U.S. CEO, Michael Horn, outlines what the company plans on doing to fix the cars impacted by the emissions scandal.