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Sergio Ermotti - 1 Colm Kelleher - 1 Ermotti - 1 ” Ermotti - 1 Anke Reingen - 1 Roger Federer - 1 “ - 1 ” - 1
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Search resuls for: "Switzerland CNN"


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☆ Sergio Ermotti, UBS CEO, is leading the biggest banking deal in history. Failure is not an option
  + stars: | 2023-11-13 | by ( Hanna Ziady | ) edition.cnn.com   time to read: +11 min
The caller was UBS (UBS) chairman Colm Kelleher. “I was definitely not expecting the phone call,” Ermotti told CNN on the sidelines of a conference in Geneva last month. UBS paid 60% less than the beaten-down value of Credit Suisse shares just before its last-ditch rescue over a weekend. Even if Credit Suisse had none of that painful baggage, the sheer size of the two banks makes the merger an enormous undertaking. “The fact that UBS was asked to be part of the solution (to Credit Suisse), that was the ultimate success,” Ermotti told CNN.
Persons: Sergio Ermotti, Colm Kelleher, Ermotti, ” Ermotti, Anke Reingen, Roger Federer, “, ”, Morgan Stanley, ” Kelleher, Michael Buholzer, it’s, Katrin Koch, Tom Naratil, —, Merrill Lynch, Stefan Wermuth, Oswald Gruebel, ” Christopher Wheeler, Fabrice Coffrini, … Organizations: Switzerland CNN, UBS, Credit Suisse, CNN, Bank of America, JPMorgan, HSBC, RBC Capital Markets, RBC, Ermotti’s, Banca, Citi, UBS —, Bloomberg, New York Times, Getty Locations: Geneva, Switzerland, Swiss, Zurich, Lugano, Singapore, Europe, Middle East, Africa, New York, AFP
☆ From green subsidies to chips, Davos debates reflect a world in flux
  + stars: | 2023-01-20 | by ( Julia Horowitz | ) edition.cnn.com   time to read: +4 min
Davos, Switzerland CNN —The World Economic Forum in the Swiss Alps is typically a venue for politicians and business leaders to deliver sermons about the benefits of globalization and cross-border cooperation. European leaders used Davos to amplify complaints about the law’s tax breaks for American companies that make parts for green energy projects, which they claim will disadvantage European firms. German Chancellor Olaf Scholz addresses the World Economic Forum, in Davos, Switzerland, on Wednesday. Representatives from Asia’s third largest economy showed up in force at Davos to meet with international investors. “We’re looking at a less efficient world,” US Trade Representative Katherine Tai said.
☆ Davos: India flexes its muscle as China's star fades
  + stars: | 2023-01-19 | by ( Julia Horowitz | ) edition.cnn.com   time to read: +7 min
In 2023, as global recession fears persist, the country is expected to log the best performance of any major economy. An Invest India banner hanging from a building ahead of the World Economic Forum in Davos, Switzerland, on Monday, Jan. 16. India is also due to displace its powerful neighbor as the world’s most populous country this year. They’re a substantial asset — if India’s economy can create enough jobs. “The world needs resilience,” Tata Sons Chairman Natarajan Chandrasekaran told a Davos panel.
☆ ChatGPT: CEOs at Davos are using it to write work emails
  + stars: | 2023-01-19 | by ( Julia Horowitz | ) edition.cnn.com   time to read: +4 min
Davos, Switzerland CNN —Jeff Maggioncalda, the CEO of online learning provider Coursera, said that when he first tried ChatGPT, he was “dumbstruck.” Now, it’s part of his daily routine. He uses the powerful new AI chatbot tool to bang out emails. Maggioncalda is one of thousands of business leaders, politicians and academics gathered in Davos, Switzerland this week for the World Economic Forum. He’s also used the platform to write emails and claims no one has noticed the difference. He even had it perform some accounting work, a service for which Tradeshift currently employs an expensive professional services firm.
☆ Davos: No recession after all? Business leaders more hopeful as China reopens
  + stars: | 2023-01-17 | by ( Julia Horowitz | ) edition.cnn.com   time to read: +4 min
Davos, Switzerland CNN —Bullishness about the global economy has been in short supply among business leaders in recent months, with fears of recession clouding the outlook and restraining investment. That’s thanks in large part to China, whose sudden removal of strict coronavirus restrictions late last year is expected to unleash a wave of spending that may offset economic weakness in the United States and Europe. Near term, China is in the grip of its worst coronavirus outbreak, keeping many people indoors and emptying shops and restaurants in recent weeks. “I’m expecting a solid growth number for China in 2023,” said Kevin Rudd, president of the Asia Society and a former prime minister of Australia. “Maybe we will be surprised also in the first half of the year.”Averting a global recession is not a done deal, however.
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