The World Economic Forum has named its "Young Global Leaders"--including many financial types--and expect them to be forces for global good.» Read More
A deal with private investors to swap Greece's debt to a more manageable burden is close to being concluded and the next three days are crucial, Olli Rehn, the European Union's monetary affairs commissioner, said during a debate hosted by CNBC in Davos.
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.
Even as Greece tries to convince creditors that its debt-reduction efforts are on track, gloomy new IMF forecasts about its long-term economy are threatening to derail talks meant to secure the nation’s next big installment of bailout funds. The New York Times reports.
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.
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.
Where is Greece's Papademos? Where is Mario Monti? What happened to the prime ministers of Spain and Portugal? Were they not invited to the Davos Summit? Surely, they were.
"There is a time to be private and a time to be public," says Yuri Milner, Mail.ru Groupco-founder/CEO, I think companies like Facebook and Groupon are transformational companies. He continues, "you don't come across them very often and I think they can continue to grow for a long time even being public."
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.
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?"
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.
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.
"Europe needs a two-speed euro," Dr Gerard Lyons, chief economist at Standard Chartered, said on CNBC, "You don't have any room for flexibility, any room for manoeuver and that's why here at Davos, one of the big worries that people have is that this European problem is going to run."
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.
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.
Societe Generale CEO Frederic Ouday said there are "some positive signs" that things are improving within the European Union, albeit slowly.
Interest rates and consumer prices in the U.S. are lower than they would be if there wasn't uncertainty in Europe, says Peter Schiff, Euro Pacific Capital. "Fundamentally things will move slow but the direction is positive," adds Robert Zagunis, Jensen Quality Growth Fund.
Michael Fries, chief executive of cable operator Liberty Global sits down with CNBC to discuss its growth strategy.
Raging malcontents with picket signs torching buildings, attacking police and obliterating the social order—that's what billionaire, leftist and one-percenter George Soros is forecasting for America and the Occupy movement.
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.
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