Heard in Davos Heard in Davos 2012: Dispatches from the Conference

  Friday, 27 Jan 2012 | 6:09 AM ET

Shell CEO: Asia to Drive Natural Gas Demand Over Oil

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.

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  Friday, 27 Jan 2012 | 5:27 AM ET

Larry Summers: 'A Lot of Work' to Fix Economy

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.

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  Friday, 27 Jan 2012 | 5:47 AM ET

Live Blog: 'The Future of the Euro Zone' Event

Posted ByTed Kemp
A one Euro coin stands on a map of Brussels.
Sean Gallup
A one Euro coin stands on a map of Brussels.

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.

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  Friday, 27 Jan 2012 | 4:58 AM ET

EU's Almunia: No to NYSE-Deutsche Boerse Merger

Posted ByShai Ahmed

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.

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  Friday, 27 Jan 2012 | 3:36 AM ET

We're Coping in Low-Rate Environment: Zurich CEO

Posted By Rajeshni Naidu-Ghelani|Assistant Producer, CNBC Asia-Pacific
Life Insurance
iStock photos
Life Insurance

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."

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  Thursday, 26 Jan 2012 | 4:36 PM ET

Make Unemployed Youth Work for Free

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.

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  Thursday, 26 Jan 2012 | 2:40 PM ET

Societe Generale CEO: 'Positive Signs' on Europe

Societe Generale CEO Frederic Oudea said there are “some positive signs” that things are improving within the European Union, albeit slowly.

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  Thursday, 26 Jan 2012 | 1:30 PM ET

Strong Growth in Europe: CEO Liberty Global

Posted ByHeesun Wee

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.

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  Thursday, 26 Jan 2012 | 12:54 PM ET

‘Lot of Money’ Left in Euro Zone Rescue Fund: CEO

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.

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  Thursday, 26 Jan 2012 | 11:16 AM ET

Islamic Nations Need Jobs, Not Sharia Law: Experts

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.

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