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Search resuls for: "Silvia Amaro"


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☆ EU to challenge U.S. and China strategically on trade, competition chief says
  + stars: | 2024-06-18 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +1 min
Executive Vice President of the European Commission for A Europe Fit for the Digital Age Margrethe Vestager talks to media in the Berlaymont, the EU Commission headquarter on May 23, 2024 in Brussels, Belgium. The European Union may be no economic match for its U.S. and China trade partners, but it can seek to contend with them strategically, the bloc's competition chief said Tuesday. Margrethe Vestager told CNBC that the EU had become "much better" at defending itself against unfair trade practices, and that it would continue to find novel ways of competing equitably with its economic partners. "The point is to realise we can never outspend China or the U.S.," Vestager told Silvia Amaro in Brussels. It follows similar measures by the U.S. last month, the latest phase in a growing trade tensions between the two economic powerhouses.
Persons: Margrethe Vestager, Vestager, Silvia Amaro Organizations: European Commission, European, CNBC, EU, EV, U.S Locations: Brussels, Belgium, China
☆ Watch CNBC's full interview with the EU's Margrethe Vestager
  + stars: | 2024-06-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with the EU's Margrethe VestagerMargrethe Vestager, the EU's competition chief, speaks to CNBC's Silvia Amaro in a wide-ranging interview in Brussels.
Persons: Margrethe Vestager Margrethe Vestager, CNBC's Silvia Amaro Locations: Brussels
☆ Apple has 'very serious' issues under sweeping EU digital rules, competition chief says
  + stars: | 2024-06-18 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +1 min
Apple has a number of "very serious" issues under the European Union's sweeping rules aimed at reining in Big Tech, the bloc's competition chief Margrethe Vestager told CNBC on Tuesday, following reports that regulators are preparing charges against the iPhone maker. In March, the European Commission, the EU's executive arm, opened a probe into Apple, Alphabet and Meta, under the sweeping Digital Markets Act (DMA) tech legislation that became applicable this year. "We have a number of Apple issues, I find them very serious. I was very surprised that we would have such suspicions of Apple being non-compliant," Vestager told CNBC's Silvia Amaro. Apple did not immediately respond to a CNBC request for comment.
Persons: Margrethe Vestager, Vestager, CNBC's Silvia Amaro, Apple Organizations: Apple, CNBC, European Commission, Markets Locations: Big Tech
☆ Europe is reckoning with a 'much more unpredictable' U.S., former EU chief says
  + stars: | 2024-06-11 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +2 min
Former European Commission President Jose Manuel Barroso speaks on stage during the 2022 Concordia Annual Summit in New York on September 20, 2022. Leigh Vogel | Getty Images Entertainment | Getty ImagesA more "unpredictable" U.S. will only add to the challenges facing the incoming European Parliament as it navigates increasingly fraught ties with China and Russia, according to former EU Commission President José Manuel Barroso. "It's not just that the European Union is facing a much more aggressive Russia, a much more assertive China, it's also facing a much more unpredictable United States of America. watch nowBarroso, who served as commission president from 2004 to 2014, said that the U.S. remains the EU's "biggest ally," and that the two sharing close ties, including within NATO. "Today there are some doubts about which way the United States can go.
Persons: Jose Manuel Barroso, Leigh Vogel, José Manuel Barroso, Barroso, Donald Trump, It's, it's, CNBC's Silvia Amaro Organizations: European, Getty, EU, CNBC, Republican, U.S, NATO, Goldman Sachs Locations: New York, China, Russia, Europe, States of America, Ukraine, U.S, United States
☆ Europe's climate ambitions thrown into doubt as Green vote collapses
  + stars: | 2024-06-10 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com   time to read: +6 min
That's significantly lower than the 71 seats the Greens/EFA secured when the green faction enjoyed its strongest ever showing five years ago. Nationalist and far-right parties — traditionally skeptical of climate issues — have also been vocal critics of green policies. Bas Eickhout Lead candidate for the Green PartyBas Eickhout, lead candidate for the Green Party, said that support for the far-right parties across the bloc could jeopardize Europe's progress on climate action. Green Deal 'cannot go back'Ahead of the vote, researchers warned that the outcome of the European elections was likely to put significant pressure on the European Green Deal, the region's showcase carbon neutrality program. Which means [the] Green Deal cannot go back, but we are prepared to give it this additional twist, which is a Green Deal, but taking care of the transitions," Marques told CNBC's Silvia Amaro.
Persons: Emmanuel Macron, —, we're, Eickhout, CNBC's Silvia Amaro, Ricarda Lang, Grünen, Terry Reintke, Omid, Reintke, Pedro Marques, Marques, Jorg Asmussen, Asmussen, CNBC's Annette Weisbach, John Macdougall Organizations: Afp, Getty, European Free Alliance, Greens, EFA, Democracy, European Union, European Conservatives, Social Democrats, Free Democrats, French, Union, Nationalist, Bas Eickhout, Green Party, Green, Green Deal, Socialist, Democrats Group, German Insurance Association Locations: The Hague, Germany, Austria, France, Bas, China, United States, Europe, European, Berlin's Columbiahalle, Denmark, Netherlands, Sweden, Finland, Croatia, Latvia, Slovenia, Lithuania, EU, den Linden, Berlin
☆ EPP secretary general: Very clear message from the electorate
  + stars: | 2024-06-10 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEPP secretary general: Very clear message from the electorateThanasis Bakolas, the secretary general of the EPP, speaks to CNBC's Silvia Amaro after EU election results.
Persons: Bakolas, CNBC's Silvia Amaro Organizations: EPP
☆ EU elections kick off against a backdrop of China disputes, 'greenlash' and possible Trump return
  + stars: | 2024-06-06 | by ( Silvia Amaro | ) www.cnbc.com   time to read: +4 min
Laurie Dieffembacq | Afp | Getty ImagesThe political makeup of the European Union is about to change with voters across the 27 member states heading to the polls from Thursday until Sunday. Trump has previously remarked that he would not protect NATO countries from Russian attacks if they lag on their membership payments. Green pledgesIn the wake of the 2019 EU elections, the bloc claimed it was the global champion on a climate-friendly agenda. "This could include more support for nuclear power or even support fracking for cheaper and more reliable gas," they added. "An even larger Eurosceptic representation is also likely to weigh against bold reforms which could make enlargement difficult," the analysts said.
Persons: Hadja, Laurie Dieffembacq, Joe Biden, Donald Trump, Biden, Trump, Green, Giorgia, There's Organizations: Belgian, Afp, Getty, European, CNBC, U.S . European Union, U.S, EU, NATO, European Commission, Citi, Bloomberg, European Union Locations: European Union, Europe, U.S, Ukraine, China, Brussels, Beijing, Italy, Rome, Kyiv
☆ Traders prepare for an expected rate cut by the European Central Bank
  + stars: | 2024-06-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTraders prepare for an expected rate cut by the European Central BankCNBC's Silvia Amaro reports from the Barclays trading floor in London ahead of the European Central Bank decision, with the market forecasting a 25-basis-point cut.
Persons: European Central Bank CNBC's Silvia Amaro Organizations: Traders, European Central Bank, Barclays Locations: London
☆ Nestle CEO: saw pressure among consumers in the first quarter
  + stars: | 2024-06-03 | by ( Silvia Amaro | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNestle CEO: saw pressure among consumers in the first quarterNestle CEO Mark Schneider sat down exclusively with CNBC's Silvia Amaro, telling her the company saw pressure among consumers through the first quarter.
Persons: Mark Schneider, CNBC's Silvia Amaro Organizations: Nestle
☆ Nutritional needs are 'shifting' amid rise of weight loss drugs, says Nestle CEO
  + stars: | 2024-05-30 | by ( Sophie Kiderlin | In | ) www.cnbc.com   time to read: +4 min
In this article NES.N-CH Follow your favorite stocks CREATE FREE ACCOUNTwatch nowThe meteoric rise of weight loss drugs means consumers' nutritional needs are "shifting" which provides new opportunities for food companies, Nestle CEO Mark Schneider told CNBC. "I think what since has emerged is that nutritional needs don't go away. So, you know before, during, after GLP-1 therapy — consumers still have nutritional needs, but they may be different from someone who is not on a weight loss regimen." According to Schneider, consumers who are on weight loss medication simply have different nutritional needs. Nestle is also planning other "companion offerings" for consumers taking weight loss drugs, both in the U.S., where Vital Pursuit products will launch, and elsewhere, Schneider said.
Persons: Mark Schneider, Schneider, CNBC's Silvia Amaro, Nestle, they're Organizations: Nestle, CNBC, Investors Locations: Swiss, U.S
☆ Nestle's CEO is 'very closely' following the ultra-processed food debate
  + stars: | 2024-05-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNestle's CEO is 'very closely' following the ultra-processed food debateCNBC's Silvia Amaro sits down with Nestle CEO Mark Schneider for an exclusive conversation spanning food products, coffee and cocoa prices and the rise of GLP-1 drugs.
Persons: CNBC's Silvia Amaro, Mark Schneider Organizations: Nestle
☆ Europe must avoid ‘disaster’ of trade decoupling as it eyes China tariffs, EU's economics chief says
  + stars: | 2024-05-15 | by ( Jenni Reid | ) www.cnbc.com   time to read: +2 min
The European Union must avoid a harmful decoupling of global trade as it mulls tariffs on Chinese electric vehicles and other goods, the bloc's economic chief said Wednesday. "But this is not bringing us to a theory of decoupling of global trade, which would be a disaster for both parts of the decoupling," he said. "The characteristic of the EU economy is to be more open, more influenced by trade, and less by only internal consumption. This is the reason, the economic reason, why it is in the interest of the European Union to keep the doors of trade open." Meanwhile, several EU nations are nervous about potential Chinese retaliatory trade measures hitting important domestic industries, from German automotives to French cognac.
Persons: Paolo Gentiloni, CNBC's Silvia Amaro, Gentiloni Organizations: European, European Union, CNBC Locations: European Union, Europe, China, EVs, U.S, Russia, Ukraine
☆ Watch CNBC's full interview with Mark Gitenstein, U.S. ambassador to the EU
  + stars: | 2024-05-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Mark Gitenstein, U.S. ambassador to the EUMark Gitenstein, U.S. ambassador to the EU, talks to CNBC's Silvia Amaro about tariffs on Chinese imports, Europe-U.S. relations and the ongoing war between Russia and Ukraine.
Persons: Mark Gitenstein, CNBC's Silvia Amaro Locations: U.S, Europe, Russia, Ukraine
☆ China is engaged in ‘deliberate' efforts to undermine the U.S. and Europe, says EU envoy Gitenstein
  + stars: | 2024-05-14 | by ( Vicky Mckeever | ) www.cnbc.com   time to read: +1 min
Mark Gitenstein, the U.S. ambassador to the EU, said China is deliberately distorting markets with a glut of cheap goods. Speaking to CNBC's Silvia Amaro on Tuesday, Gitenstein said China was "engaged in a deliberate effort to undermine economic sectors in both Europe and the United States." The Chinese Embassy in London did not immediately respond to a request for comment when contacted by CNBC. It comes amid growing concerns over a raft of cheap Chinese "green" goods — such as EVs, batteries and solar panels — flooding international markets. White House officials have already warned Beijing to amend certain trade practices that it argues have weakened global supply chains.
Persons: Mark Gitenstein, CNBC's Silvia Amaro, Gitenstein, Biden, Ursula von der Leyen, Charles Michel, — CNBC's Rebecca Picciotto Organizations: Embassy, CNBC, White, European Commission, European Locations: U.S, China, Europe, United States, London, Beijing, People's Republic of China, PRC
☆ The EU will soon get a new leadership team. Here are the names currently in the mix
  + stars: | 2024-05-09 | by ( Silvia Amaro | ) www.cnbc.com   time to read: +1 min
BRUSSELS, Belgium — European diplomats have already started key negotiations on who will take the main jobs at the European Union following elections next month. Voters across the 27-member EU are heading to the polls between June 6 and 9 to choose the next set of representatives in the European Parliament. The very top EU jobs, which aren't directly elected, then get dished out in the weeks following. Diplomats within the EU are already trying to figure out who will be leading the three big institutions in the coming years: The European Commission, the European Council and the European Parliament. "Von der Leyen has a lot of support from European heads of state," one of the three sources told CNBC via telephone.
Persons: aren't, Ursula von der Leyen, Von der Leyen, Emmanuel Macron, Christine Lagarde Organizations: European, Voters, EU, Parliament, Diplomats, European Commission, European Council, CNBC, European Central Bank Locations: BRUSSELS, Belgium, policymaking, Brussels
☆ Banking sector has outperformed in the European earnings season so far
  + stars: | 2024-05-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBanking sector has outperformed in the European earnings season so farCNBC's Silvia Amaro breaks down how the first-quarter reporting season has gone so far in Europe.
Persons: Silvia Amaro Organizations: Banking Locations: Europe
☆ Silvia Amaro: Ambition to me means following your dreams
  + stars: | 2024-05-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSilvia Amaro: Ambition to me means following your dreams"When I was growing up, I used to dream about studying abroad and speaking different languages." CNBC International TV Reporter & Correspondent Silvia Amaro shares what ambition means to her.
Persons: Silvia Amaro, Ambition Organizations: CNBC, Reporter
☆ UBS CEO: We are making very good progress in our Credit Suisse integration plans
  + stars: | 2024-05-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS CEO: We are making very good progress in our Credit Suisse integration plansSergio Ermotti, the CEO of UBS, speaks to CNBC's Silvia Amaro after the bank's first-quarter results.
Persons: Sergio Ermotti, CNBC's Silvia Amaro Organizations: UBS, Suisse
☆ UBS CEO: Europe still has scope for domestic banking consolidation
  + stars: | 2024-05-07 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS CEO: Europe still has scope for domestic banking consolidationSergio Ermotti, the CEO of UBS, speaks to CNBC's Silvia Amaro.
Persons: Sergio Ermotti, CNBC's Silvia Amaro Organizations: UBS Locations: Europe
☆ UK to suffer slowest growth of all rich nations next year, OECD says
  + stars: | 2024-05-02 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +1 min
The U.K.'s "sluggish" growth prospects have put it on course to be the worst-performing economy of all advanced nations next year, according to new forecasts from the Organisation for Economic Cooperation and Development. The downbeat prediction comes as the global economy shows signs of recovery, with growth forecast to remain steady at 3.1% in 2024, before rising modestly to 3.2% in 2025. "We start seeing some recovery in many parts of the world," Alvaro Pereira, director of the OECD's policy studies branch, told CNBC's Silvia Amaro Thursday. Growth among advanced nations next year is set to be led by North America, which Pereira said follows "strong growth" forecasts of 2.6% in the U.S. in 2024. Growth in Europe, meanwhile, is expected to pick up next year after a sluggish 2024.
Persons: Alvaro Pereira, CNBC's Silvia Amaro Thursday, Pereira Organizations: Organisation for Economic Cooperation, Development, North Locations: Germany, Paris, Canada, France, Japan, U.S, North America, Europe
☆ OECD’s Pereira: Seeing some recovery in many parts of the world
  + stars: | 2024-05-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOECD’s Pereira: Seeing some recovery in many parts of the world“We start seeing some recovery in many parts of the world,” Alvaro Pereira, director of the OECD’s policy studies branch, told CNBC’s Silvia Amaro Thursday.
Persons: OECD’s Pereira, ” Alvaro Pereira, CNBC’s Silvia Amaro Thursday
☆ IMF chief warns of emerging market risk with high U.S. interest rates
  + stars: | 2024-04-30 | by ( Matt Clinch | ) www.cnbc.com   time to read: +1 min
International Monetary Fund (IMF) Managing Director Kristalina Georgieva speaks during a briefing on the Global Policy Agenda at IMF headquarters during the IMF/World Bank Spring Meetings in Washington, DC on April 18, 2024. Kristalina Georgieva, the managing director of the International Monetary Fund, played down the prospect of any negative impact from a monetary policy divergence between Europe and the U.S., but said issues could be more acute in emerging markets. The benchmark rates of most advanced economies soared in recent years, as central banks aimed to tame inflation following the Covid-19 pandemic. A high U.S. interest rate environment is traditionally bad news for emerging markets, as it makes their debts — often priced in U.S. dollars — more expensive. "It is a much more serious issue for countries where the impact of high interest rates in the United States are more profound — in many emerging market economies," Georgieva told CNBC's Silvia Amaro in Brussels on Monday.
Persons: Kristalina Georgieva, Georgieva, CNBC's Silvia Amaro Organizations: Monetary Fund, IMF, International Monetary Fund Locations: Washington , DC, Europe, U.S, United States, Brussels, Japan
☆ A shift to renewable energy is 'hopeless' without efficiencies, environmentalist says
  + stars: | 2024-04-17 | by ( Vicky Mckeever | ) www.cnbc.com   time to read: +3 min
Daniel Bosma | Moment | Getty ImagesExplorer and environmentalist Bertrand Piccard has called for a renewed focus on cutting energy waste, saying it's "hopeless" to shift to renewables without improving efficiency. "So if we try to replace fossil [fuel] energy with renewables without being efficient, without reducing the consumption, it's hopeless," he said. Another issue Piccard highlighted was that some countries only consider wind and solar as alternative renewable energy sources. Geothermal energy accounted for just 2.7% of renewable energy consumption, while wind power was 13.2% and solar energy was 7.2%. 'Paradox' of China's solar panel oversupplyPiccard also discussed the ongoing concerns about the potential oversupply of solar panels from China to the European market.
Persons: Daniel Bosma, Bertrand Piccard, Piccard, CNBC's Silvia Amaro, bioenergy, Janet Yellen Organizations: CNBC, Solar Impulse, European Commission, Treasury Locations: Netherlands, Europe, China, U.S
☆ Fed likely to cut rates before ECB blinks, former BOE member says
  + stars: | 2024-04-11 | by ( Silvia Amaro | ) www.cnbc.com   time to read: +3 min
The U.S. Federal Reserve is likely to cut interest rates before the European Central Bank does, a former member of the Bank of England said, defying current market expectations. Investors are closely monitoring central bank moves on the back of a considerable reduction in inflation across major economies. So far, Switzerland was the first major economy to cut interest rates back in late March. Market players are currently pricing in a 92.8% chance that the ECB will cut rates in June from the historically high level of 4%, according to LSEG data. Her comments come just ahead of a European Central Bank meeting due on Thursday.
Persons: DeAnne Julius, Julius, Christine Lagarde, Lagarde Organizations: U.S . Federal, European Central Bank, Bank of England, Monetary, CNBC, Tuesday, ECB, Federal Reserve Locations: Switzerland, U.S, United States
☆ UBS shares move lower after politicians request strong capital requirements
  + stars: | 2024-04-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS shares move lower after politicians request strong capital requirementsCNBC's Silvia Amaro reports on the "Too Big To Fail" report from Switzerland, which calls for strong capital requirements from banking giant UBS after the absorption of Credit Suisse.
Persons: CNBC's Silvia Amaro Organizations: UBS, Credit Suisse Locations: Switzerland
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