Harvard University Professor Lawrence (Larry) Summers says the U.S. should take advantage of "negligible" long term interest rates to improve healthcare and education.
German Chancellor Angela Merkel urged European nations to continue the economic reforms they have begun and argued that the debt crisis offered an opportunity for the bloc to become more competitive.
CNBC guests vote for the optimal top rate of income tax.
Britain's Chancellor of the Exchequer, George Osborne has defended his government's austerity program, a day after the International Monetary Fund said the U.K. government should ease up on austerity.
Renault-Nissan CEO Carlos Ghosn has told CNBC that 2013 will be a reasonably good year for the automaker and that excluding the slowdown in Europe it will be a "good year".
A financial trading tax (FTT) planned by a group of euro zone nations could leave major banks, its main target, relatively unscathed while less nimble smaller trading houses, pension funds and asset managers bear the brunt.
Leaders of the world's largest banks have gone some way to persuading investors that their industry's near-death experience is over, even though the public still doesn't trust them.
If Washington can reach a grand bargain to fix its fiscal problems, the U.S. economy could boom, JPMorgan CEO Jamie Dimon told CNBC on Wednesday in Davos.
If the recent global economic crisis taught us anything, it is that the world can be a better place when we collaborate to address the challenges of our connected globe, Bank of America CEO Brian Moynihan said.
CNBC's Maria Bartiromo speaks to Axel Weber, UBS Chairman at the World Economic Forum in Davos, regarding banking regulations and the state of the financial industry.
The European economy faces multiple challenges, but there is reason to be optimistic, IMF Managing Director Christine Lagarde told delegates at the World Economic Forum on Wednesday.
Getting from the airport to the temporary economic mecca of the world can take up to three hours.
Outgoing Italian Prime Minister Mario Monti defended his track record in leading Italy through the European financial crisis and told delegates at Davos that the country had regained credibility in the eyes of investors.
Lawrence Summers told delegates at the World Economic Forum that the U.S. was right to focus on its budget deficit, but should also make the most of "negligible" long term interest rates to improve healthcare and education.
Morgan Stanley hopes to buy the rest of the Smith Barney business this year as it continues to re-position its business, CEO James Gorman told CNBC.
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.
Stanley Fischer, Governor of the Bank of Israel, tells CNBC it is essential that the new government in Israel puts the budget at the beginning of its term.
Wong Wai Ming, chief financial officer at Lenovo, says use of the personal computer is not in decline but actually growing in some sectors.
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.
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.