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The social side of Davos is often said to be more important than the sessions themselves. After all, this is where you can get chief executives with their guard let down, telling you what they really think away from the cameras.
Davos is covered in snow, giant heaps of it, and it's still coming down.
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.
The International Monetary Fund needs $500 billion to help contain the spreading European debt crisis, the organization's managing director, Christine Lagarde, told CNBC.
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?
As investors and consumers watch them more closely, corporations are growing more conscious of their environmental and social behavior.
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.
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.
Globalization is no longer a trend; it is the norm. It may be too soon to call it a reversal of fortune but globalization is no longer a one-way street.
This was commissioned as a piece on ‘surviving’ Davos – but given the World Economic Forum is basically a week of rubbing shoulders with the world’s wealthiest and most privileged in a luxury Swiss ski resort ‘surviving’ doesn’t seem appropriate. So let’s run with thriving….writes Geoff Cutmore.
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.
Hedge funds have been known to use hardball tactics to make money. Now they have come up with a new one: suing Greece in a human rights court to make good on its bond payments.
Stung by souring loans and troubled government bond portfolios, many European banks are being forced by regulators to raise money to build up their cash cushions against future losses.
Hold the condolence cards, but the recession cost the rich. The share of income received by the top 1 percent — that potent symbol of inequality — dropped to 17 percent in 2009 from 23 percent in 2007, according to federal tax data. The New York Times reports.
In the fiscal accord, the nations that use the euro essentially agreed to go back to Plan A — that is, the principles and rules with which they created their common currency two decades ago.
What may have seemed like timid or even bumbling leadership is looking more like a consistent strategy of brinkmanship aimed at remaking the euro zone in Germany’s likeness. The New York Times reports.
A move announced by central bankers on Wednesday to contain the European debt crisis resulted in euphoria in global stock markets, but it also prompted skeptics to wonder: will this time be different? The New York Times reports.
In a stern pronouncement, Moody’s Investors Service this week warned of rising prospects for multiple defaults by countries in the euro zone and credit rating downgrades of nations across Europe if leaders should fail to resolve the spreading debt crisis. The NYT reports.
About $200 million in customer money that vanished from MF Global is believed to have surfaced at JPMorgan Chase in Britain, according to people briefed on the matter. The New York Times reports.
Europe’s banking sector is ready for a shake-up as its largest financial institutions try to slim down their operations in response to the sovereign debt crisis. The NY Times repeorts.