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"It's pretty simple - you can't make a big business decision today without a geopolitical perspective," Orszag said in an interview at the Reuters NEXT conference in New York. Lazard has a geopolitical advisory unit that analyzes world events and their potential impact on clients' businesses. Orszag set an ambitious goal of doubling the investment bank's revenue by 2030. Some investment banks have laid off thousands of employees and cut other costs after several quarters of lethargic dealmaking. [1/5]Peter Orszag, CEO of Lazard, speaks with Reuters journalist Lananh Nguyen during the ReutersNEXT Newsmaker event in New York City, New York, U.S., November 9, 2023.

Persons: Peter Orszag, Orszag, Lazard, lethargic, Lananh Nguyen, Brendan McDermid, dealmaking, Brian Moynihan, Obama, We're, Leela de Kretser, Mark Porter, Emelia Organizations: Reuters NEXT, Wall, Reuters, REUTERS, Bank of America, reuters, Thomson Locations: China, Ukraine, New York, New York City , New York, U.S

☆ Exclusive: Kosovo president open to new elections in Serb-majority municipalities
▼ + stars: | 2023-06-07 | by ( Kim Vinnell | ) www.reuters.com time to read: +3 min

Summary Describes Serbian president as 'drama king'Osmani says Serb voters in Kosovo could petition a new pollWants peacekeepers to remain in KosovoPRISTINA, Kosovo June 7 (Reuters) -Kosovo could trigger new elections in Serb-majority municipalities rocked by violent protests if 20% of voters sign a petition asking for them, the president told Reuters. In an exclusive interview in her office, President Vjosa Osmani said she believed a petition was the most "democratic way" to proceed to new elections. Violent protests erupted in four northern municipalities after Kosovo installed ethnic Albanian mayors who were elected into offices on a turnout of just 3.5%. As tensions between Serbia and Kosovo simmer, NATO has reinforced its peacekeeping forces in the north of the country. She described the Serbian president as "a drama king".

Persons: Osmani, Vjosa Osmani, Joe Biden, Albin Kurti, Aleksandar Vucic, Vucic, Emmanuel Macron, Olaf Scholz, Fatos Bytyci, Ivana Sekularac, Leela de Kretser, William Maclean Organizations: Reuters, Kosovo simmer, NATO, Kosovan, French, Thomson Locations: Kosovo, Kosovo PRISTINA, Kosovo's, Serbia, Belgrade, Serbian, Moldova, Pristina

☆ Davos 2023: Key takeaways from the World Economic Forum
▼ + stars: | 2023-01-20 | by ( ) www.reuters.com time to read: +6 min

[1/4] NATO Secretary General Jens Stoltenberg, Poland's President Andrzej Duda and Canada's Deputy Prime Minister and Minister of Finance Chrystia Freeland take part in the World Economic Forum session on "Restoring Security and Peace. REUTERS/Arnd WiegmannDAVOS, Switzerland, Jan 20 (Reuters) - Global leaders and business executives departed a freezing World Economic Forum (WEF) meeting on Friday after a frank exchange of views over how the world will tackle its biggest issues in 2023. Here's what we learned:ECONOMY: Gloom and doom heading into Davos turned into cautious optimism by the end with the global economic outlook for the year ahead looking better than feared. On the inside, political leaders like Kier Starmer railed against new oil investments and Pakistani climate minister Sherry Rehman pushed for loss and damage funding. The lesson I have learned in the last years ... is money, money, money, money, money, money, money."

☆ DAVOS 2023: WTO sticks with 1% projection for growth in global trade
▼ + stars: | 2023-01-20 | by ( Brenda Goh | ) www.reuters.com time to read: 1 min

Davos, SWITZERLAND Jan 20 (Reuters) - The head of the World Trade Organization (WTO) said on Friday it was sticking with its 1% projection for global trade growth in 2023 - for now. Director general Ngozi Okonjo-Iweala said the WTO was not revising down its projection. World trade is thought likely to have lost momentum in the second half of 2022 and to remain subdued in 2023 as multiple shocks weigh on the global economy. In October, WTO economists predicted a 1% increase in global merchandise trade volumes for 2023, down sharply from the previous estimate of 3.4%. Editing by Leela de Kretser and Peter GraffOur Standards: The Thomson Reuters Trust Principles.

☆ Davos 2023: Greta Thunberg accuses energy firms of throwing people 'under the bus'
▼ + stars: | 2023-01-19 | by ( Maha El Dahan | ) www.reuters.com time to read: +3 min

DAVOS, Switzerland, Jan 19 (Reuters) - The world's most powerful activist confronted the man in charge of regulating global energy in Davos on Thursday, demanding an end to fossil fuel investments. Greta Thunberg urged IEA Executive Director Fatih Birol to stop the global energy industry and the financiers who support them from fuelling carbon investments. "As long as they can get away with it they will continue to invest in fossil fuels, they will continue to throw people under the bus," Thunberg warned. He also said he was less pessimistic than the climate activists about the shift to clean energy. Asked why she did not want to advocate for change from the inside, Thunberg said there were already activists doing that.

☆ Davos 2023: What you need to know about the WEF on Tuesday
▼ + stars: | 2023-01-17 | by ( Kathryn Lurie | ) www.reuters.com time to read: +2 min

The European Union will counter the U.S.'s game-changing Inflation Reduction Act (IRA), described in Davos as the most significant climate legislation since the 2015 Paris Agreement, with its own green deal. Liu's visit to Davos contrasts with the conspicuous absence of Russia, a key ally whose invasion of Ukraine China has refused to condemn. What was most needed, Kerry said, was "money, money, money, money, money, money, money." The slopes continued to be dominated by discussions about Davos' hottest topic in 2023 - Chat GPT and generative AI. For daily Davos updates in your inbox sign up for the Reuters Daily Briefing hereEditing by Leela de Kretser and Alexander SmithOur Standards: The Thomson Reuters Trust Principles.

☆ Davos 2023: The World Economic Forum explained
▼ + stars: | 2023-01-16 | by ( Siddharth K | ) www.reuters.com time to read: +4 min

DAVOS, Switzerland, Jan 16 (Reuters) - The World Economic Forum (WEF) returns to its snowy winter residency in the Swiss Alps this week with a record attendance of business and government leaders. The WEF's roots stretch back to 1971 when its founder Klaus Schwab invited executives from European companies to the then tiny ski resort of Davos, high in the Swiss Alps. With climate change top of the agenda, chiefs of major energy companies are back after a COVID-related hiatus. Others include IMF Managing Director Kristalina Georgieva, European Central Bank chief Christine Lagarde, NATO General Secretary Jens Stoltenberg, President of the European Commission Ursula von der Leyen and Chinese Vice-Premier Liu He. Climate change topped the WEF's survey of global risk and energy company executives will mix with climate activists and environment ministers at the forum.

☆ Davos 2023: Climate change leads to more malaria, tuberculosis up in a recession
▼ + stars: | 2023-01-16 | by ( Leela De Kretser | ) www.reuters.com time to read: +2 min

DAVOS, Switzerland, Jan 16 (Reuters) - Climate change is increasing malaria infections, the executive director of the world's biggest health fund said in Davos on Monday. Huge surges in malaria infections followed recent floods in Pakistan and cyclones in Mozambique in 2021, said Peter Sands, the executive director of the Global Fund to fight AIDS, Tuberculosis and Malaria. He said climate change was also changing the geography of mosquitoes. Sands runs the world's largest global fund, which invests in fighting tuberculosis, malaria and HIV/AIDS in some of the poorest nations in the world. Looking ahead, climate change is just one of the factors that could hamper efforts to eradicate the diseases, Sands said.

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