Davos 2012 - Special Report

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.

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.

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

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.

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

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.

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.

Lamido Sanusi, Nigeria's Central Bank Governor, told CNBC, "it is important to remember that Kano itself is a Muslim city, it is the largest Muslim city in the country and Boko Haram has bombed police, the army, Muslims and Christians, so it is not really a Muslim versus Christian issue."

"I know more or less what the euro zone will look like in three years, but the next three days will be very important," Olli Rehn, European Economic and Monetary Affairs Commissioner, European Commission, adding a deal between Greece and its creditors was in the making.

Paul Bulcke, CEO of Nestle, told CNBC, "we are born optimists, the situation is still difficult, but as we are operating in the world, there is growth in the world and that helps us to balance things out, our company has growth in Europe too so there is always opportunities in spite of."

Tidjane Thiam, CEO of Prudential, told CNBC, "the euro is a young currency, it is ten years old and the other currencies we are dealing with here have a much longer history and what they are trying to do is put in place the basic mechanisms that allow you to have a well functioning currency."