Despite natural gas prices falling to near 10-year lows last week, Royal Dutch 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.
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?"
The event's panelists include:
Francois Baroin, minister of economy, finance and industry of France; Luis de Guindos Jurado, minister of economic affairs and competitiveness of Spain; Olli Rehn, vice president, economic and monetary affairs, European Commission, Brussels; Wolfgang Schauble, federal minister of finance of Germany.
The Future of the Eurozone is chaired by Maria Bartiromo, anchor of CNBC's "Closing Bell."
All times are Central European Time (CET). The event is scheduled to run one hour.
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.
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. But Zurich Financial Services CEO Martin Senn says the insurer is coping well in a low interest rate environment as it is not solely reliant on such income.
"What you have to do is make sure that the product you are selling is not dependent only on the income on investments and that the model all together is not dependant on developments on financial markets," Senn told CNBC on the sidelines of theWorld Economic Forum in Davos .
He added that "We obviously have a big part of our investment income out of our fixed income investments, bond investments, and each time you do a reinvestment into the bonds, you do that at lower rates. And that's the immediate impact to the insurance industry."
But he said that Zurich Financial was dealing well with the current situation. "If you have high guarantees set in the life business, which you have to meet, then obviously you do have a challenge. In our case, this is not the situation."
Societe Generale CEO Frederic Oudea said there are “some positive signs” that things are improving within the European Union, albeit slowly.
Michael Fries, chief executive of Liberty Global, an international cable operator, told CNBC Thursday that a smart pricing strategy and presence in select European markets have helped the company grow, despite Europe's larger economic woes.
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.