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☆ Watch CNBC's full interview with Poland's President Andrzej Duda
▼ + stars: | 2024-01-17 | 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 Poland's President Andrzej DudaPoland's President Andrzej Duda speaks to CNBC from the World Economic Forum in Davos, Switzerland.

Persons: Andrzej Duda Organizations: CNBC, Economic Locations: Davos, Switzerland

☆ Mega rich renew call on global leaders at Davos to 'tax our extreme wealth'
▼ + stars: | 2024-01-17 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

Austrian Marlene Engelhorn, who inherited from her family who owns the Germany's chemical giant BASF, poses with a placard reading "Tax the rich!" at the entrance of the Congress center on the opening of the annual meeting of the World Economic Forum (WEF) in Davos, on January 15, 2024. In an open letter to political leaders gathered at the annual World Economic Forum in Davos, Switzerland, the rich signatories said they wished to deliver a clear message: "Tax our extreme wealth." "We are surprised that you have failed to answer a simple question that we have been asking for three years: when will you tax extreme wealth?" But it will turn extreme and unproductive private wealth into an investment for our common democratic future."

Persons: Marlene Engelhorn, Fabrice COFFRINI, FABRICE COFFRINI, Abigail Disney, Simon Pegg, Valerie Rockefeller, Brian Cox, Logan Roy, Cox Organizations: BASF, Economic, Getty, Oxfam Locations: Davos, AFP, Switzerland, HBO's

☆ Iran says attacks by its allies won’t stop until Israel’s war in Gaza ends
▼ + stars: | 2024-01-17 | by ( Tamara Qiblawi | ) edition.cnn.com time to read: +4 min

CNN —Attacks by Iranian-backed groups in the Middle East won’t stop until Israel’s war on Hamas in Gaza ends, Tehran’s top diplomat warned on Wednesday, as tensions across the region threaten to spiral into wider conflict. Since Hamas’ October 7 attacks on Israel and the Israeli offensive in Gaza that followed, the militant group Hezbollah has engaged in daily confrontations with Israeli forces on the Lebanon-Israel border. Houthi rebels have launched a series of attacks on commercial ships and Western military vessels in the Red Sea, a major artery for international trade. Iran also launched missile strikes in Syria and Pakistan against what it described as terrorist groups who it blamed for deadly attacks inside Iran in recent weeks. Meanwhile, there are fears that the ripple effects of the tensions have begun to extend beyond the Middle East.

Persons: Tehran’s, Hossein Amir, Abdollahian, CNN’s Fareed Zakaria, Hassan Nasrallah, “, Hizam al, Assad, Matt Miller, ” Miller, Israel, Herzi Halevi, ” Halevi, Chris Liakos, Adam Pourahmadi, Jennifer Hansler, Wayne Chang Organizations: CNN, Economic, Sunday, Iranian Revolutionary Guard, Iraq, US, State, Israel’s, Staff, Israel Defence Forces Locations: Gaza, Iranian, Davos, Israel, Lebanon, Red, Iraq, Syria, Iran, Erbil, Pakistan, Yemen, “, East, China, ”

☆ Crypto firm Ripple explored IPO outside of U.S. because of 'hostile' SEC, won't go public soon
▼ + stars: | 2024-01-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

In this article XRP.CM= Follow your favorite stocks CREATE FREE ACCOUNTwatch nowDAVOS, Switzerland — Ripple explored markets outside the U.S. for its initial public offering, CEO Brad Garlinghouse told CNBC, blaming a "hostile" regulator. However, the firm has put any plans for an IPO on hold for now, Garlinghouse said. Garlinghouse told CNBC in 2022 that Ripple, the company behind the cryptocurrency XRP , will explore a public listing after its lawsuit with the U.S. Securities and Exchange Commission ends. The Ripple CEO said his company has not gone public in the U.S. yet because of the SEC's actions. The SEC sued Coinbase last year alleging that the company was acting as an unregistered broker and exchange.

Persons: Brad Garlinghouse, Garlinghouse, Coinbase, Gary Gensler Organizations: CNBC, U.S . Securities, Exchange Commission, Economic, SEC, U.S Locations: DAVOS, Switzerland, Davos, U.S, United States

☆ Watch CNBC's full interview with Iran's foreign minister in Davos as tensions escalate in the Red Sea
▼ + stars: | 2024-01-17 | 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 Iran's foreign minister in Davos as tensions escalate in the Red SeaIran's Foreign Minister Hossein Amir-Abdollahian speaks to CNBC's Dan Murphy on the sidelines of the World Economic Forum in Davos.

Persons: Hossein Amir, Abdollahian, CNBC's Dan Murphy Organizations: Iran's, Economic Locations: Davos

☆ These are the skills employers are looking for as AI use expands, according to leaders at Davos
▼ + stars: | 2024-01-17 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +5 min

Read previewSince the release of ChatGPT just over a year ago, it's become increasingly clear that the world will have to adapt as the influence of generative AI grows. And that's been borne out at this year's World Economic Forum in Davos, where AI has been a key topic. Business Insider spoke to industry leaders from companies including McKinsey, KPMG, IBM, and Coursera about the skills they believe will be important in the era of generative AI. Know how to optimize data for generative AI. "Being able to look at data, evaluate data, cleanse data, anonymize data — all that — is going to be even more important than historically it's been," Knopp said.

Persons: —, it's, Katy George, George, Paul Knopp, Knopp, that's, Jeff Maggioncalda, Maggioncalda, John Granger, Granger Organizations: Service, Business, Economic, McKinsey, KPMG, IBM, KPMG US, IBM Consulting, Employees Locations: Davos, Maggioncalda

☆ Trump's potential return to the White House is dominating the chat at Davos
▼ + stars: | 2024-01-17 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

watch nowSome Davos participants are already preparing their business for a potential Republican leader in the White House. "Considering what happened when President Trump was in office, his main interest is trade. He added that his company is allocating more resources to their operations in the United States so they can protect themselves against any trade disputes. "We have to produce locally, especially in the United States ... We have scenarios to be able to respond to that leadership change," he added. The United States is one of the main markets for Suntory, which is looking to expand its sales beyond China.

Persons: Donald Trump, State Rex Tillerson, Nicholas Kamm, I've, Tim Adams, Trump, Ron DeSantis, Nikki Haley, Joe Biden, Takeshi Niinami, Bill Winters, Biden Organizations: State, Economic, AFP, Getty, Institute of International Finance, CNBC, Florida Gov, South Carolina Gov, Republican, Trump, Democratic, Suntory, Congress, Standard Chartered, U.S Locations: Davos, Switzerland, DAVOS, United States, Swiss, Iowa, The Iowa, China, U.S, Washington, Beijing

☆ AI era is a 'seismic moment' in tech we've not seen in a decade, top Meta exec says
▼ + stars: | 2024-01-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

The new artificial intelligence era represents a huge moment for the tech industry that has not been seen in a decade, according to a top executive at Facebook parent company Meta Platforms. "This is a seismic moment," Mendelsohn said, in conversation with CNBC's Tania Bryer at the World Economic Forum in Davos, Switzerland. In her role at Meta, Mendelsohn leads relationships with top marketers and agencies. She is also a seasoned advertising executive, with past experience including partner and executive chairman at London advertising agency Karmarama, and non-executive director of alcoholic beverages firm Diageo. Last year also marked a major pivot toward artificial intelligence for Meta — an area where the company plays a key role with its LLaMA large language model.

Persons: Nicola Mendelsohn, Mendelsohn, CNBC's Tania Bryer, Mark Zuckerberg's Organizations: Facebook, Meta, Economic, Diageo Locations: Davos, Switzerland, London

☆ UN chief calls for global risk management of AI, warns of 'serious unintended consequences'
▼ + stars: | 2024-01-17 | by ( Sam Meredith | ) www.cnbc.com time to read: +3 min

"It's good to be back and see Davos highlighting the global crisis in trust," Guterres said in his opening remarks. In a special address at the World Economic Forum in Davos, Switzerland, Guterres warned that the rapid development of AI could result in "serious unintended consequences." "Every new interaction of generative AI increases the risk of serious unintended consequences. "These two issues, climate and AI, are exhaustively discussed by governments, by the media and by leaders here in Davos. "The reason is simple, geopolitical divides are preventing us from coming together around global solutions for global challenges.

Persons: Antonio Guterres, Fabrice COFFRINI, FABRICE COFFRINI, WEF, Guterres, António Guterres, Satya Nadella, — CNBC's Ryan Browne Organizations: Economic, Getty, United Nations, Microsoft, International Monetary Fund, IMF Locations: Davos, AFP, Switzerland, U.S

☆ China's economic growth is set to slow in 2024. Here's what Wall Street is predicting
▼ + stars: | 2024-01-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

China was due Wednesday to release GDP figures for 2023, and previously announced an official target of around 5% growth for the year. Despite significant growth in sectors such as tourism and electric cars, China's economy last year did not rebound from the pandemic as quickly as many banks had initially expected. watch nowThe International Monetary Fund in November also cited China's policy announcements as a reason for its decision to raise the 2023 growth forecast to 5.4%, from 5% previously. However, the IMF said it still expected China's growth to slow in 2024 to 4.6% "amid continuing weakness in the property market and subdued external demand." In the long term, analysts generally expect China's economy to slow further from a high base.

Persons: Pan Jianyong, Goldman Sachs, Morgan Stanley, Li Qiang, Haibin Zhu, Li Organizations: Co, Getty, Visual China, BEIJING —, Economic, Tuesday, UBS, Citi, JPMorgan, CNBC, China, China Economic, Monetary Fund Locations: MEISHAN, CHINA, Sichuan, Meishan, Sichuan Province, China, Davos, Beijing, decelerating

☆ Iran warns the U.S. not to 'tie their destiny' to the fate of Israel's Netanyahu
▼ + stars: | 2024-01-17 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Iran's foreign minister warned the U.S. not to "tie their destiny" to the fate of Prime Minister Benjamin Netanyahu, and said Washington's full support for Israel is "the root of insecurity in the region." "The U.S. should not, Mr. [Joe] Biden should not tie their destiny to the fate of Netanyahu," Iran's Foreign Minister Hossein Amir-Abdollahian told CNBC's Dan Murphy on the sidelines of the World Economic Forum in Davos. The U.S. has expressed steadfast support for Israel in its war against Hamas in Gaza. In the aftermath of the attack, U.S. President Joe Biden flew to the country in a show of solidarity, pledging billions of dollars in military support. "The full-scale cooperation of Biden and the White House with thugs like Netanyahu in Israel is the root of insecurity in the region," Amir-Abdollahian added.

Persons: Benjamin Netanyahu, Joe, Biden, Netanyahu, Hossein Amir, Abdollahian, CNBC's Dan Murphy, Joe Biden, Antony Blinken, Amir Organizations: Israel, Economic, Hamas, White Locations: U.S, Davos, Israel, Gaza, Palestinian

☆ Jamie Dimon: Trump was right about key issues and bashing MAGA will hurt Biden
▼ + stars: | 2024-01-17 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Jamie Dimon has a warning for Democrats: Don’t dismiss Trump supporters as people who are exclusively attracted to his personality. Former President Donald Trump was right about some critical issues, the JPMorgan CEO says. “I wish the Democrats would think a little more carefully when they talk about MAGA,” Dimon told CNBC on Wednesday from the World Economic Forum in Davos. Dimon, who has clashed with Trump in the past and previously described himself as “barely a Democrat,” said that people are “basically scape-goating” Trump supporters. “I don’t think they are voting for Trump because of his family values,” Dimon said.

Persons: Jamie Dimon, Don’t, Donald Trump, “, MAGA, ” Dimon, ”, ” Trump, Trump, Trump’s, Dimon, Bloomberg Television it’s, Nikki Haley, “ I’ve, Hillary Clinton’s, Barack Obama’s, Biden’s Organizations: New, New York CNN, Trump, CNBC, Economic, NATO, Republican, JPMorgan, Bloomberg Television, JPMORGAN, Wednesday Locations: New York, Davos, Dimon, China, Mexico, United States

☆ JPMorgan CEO Jamie Dimon says Trump was 'kind of right' about NATO and immigration
▼ + stars: | 2024-01-17 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Read previewJPMorgan Chase chief executive Jamie Dimon said that former President Donald Trump was "kind of right" about NATO and immigration and urged Democrats to "be a little more respectful" of voters who are backing the ex-president's 2024 campaign. "When people say MAGA, they're actually looking at people voting for Trump, and they think they're voting — they're basically scapegoating them, that you are like him. But I don't think they're voting for Trump because of his family values," Dimon said. "He's kind of right about NATO. "But he wasn't wrong about some of these critical issues, and that's why they're voting for him.

Persons: —, Jamie Dimon, Donald Trump, Dimon, MAGA, they're, Trump, Joe Biden, Biden Organizations: Service, Chase, Business, CNBC, Trump, NATO, Maga Republicans Locations: Davos, China, Mexico, United States, Iowa

☆ Israel-Hamas War U.S. to Return Yemen’s Houthi Militia to Terrorism List
▼ + stars: | 2024-01-17 | by ( Michael Crowley | ) www.nytimes.com time to read: +6 min

But even the lesser label of specially designated global terrorist group could jeopardize U.S. and Saudi efforts to construct a lasting peace deal to end the conflict. The conflict created a humanitarian catastrophe that Mr. Biden, as a candidate in 2020, vowed to address. Following a debate within the Trump administration, Secretary of State Mike Pompeo designated the Houthis as a foreign terrorist organization and a specially designated global terrorist group in mid-January 2021. In February 2021, less than three weeks after Mr. Biden took office, Secretary of State Antony J. Blinken reversed Mr. Pompeo’s designations. Asked by a reporter last week whether he considered the Houthis a terrorist group, Mr. Biden did not equivocate.

Persons: Biden, Yemen’s, Trump, Jake Sullivan, Tim Lenderking, Mike Pompeo, Antony J, Blinken, Tom Cotton, Mr, ” Mr, Cotton, Ayatollah Ali Khamenei, “, ” Organizations: U.S, State Department, Economic, Sana’a Center, Strategic Studies, United Arab Emirates, United Arab, U.S . Agency for International Development, United Nations, Associated Press, Republican, United Locations: Houthi, Yemen, Iran, U.S, United States, Saudi, Gaza, Israel, Davos, Switzerland, Al Qaeda, Saudi Arabia, United Arab Emirates, Arkansas, United Arab

☆ 'Unprovoked violation': Iran strikes Syria, Iraq and Pakistan as Middle East tensions spike
▼ + stars: | 2024-01-17 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

Speaking to CNBC at the World Economic Forum in Davos on Tuesday night, Iranian Foreign Minister Hossein Amirabdollahian defended his country's actions. watch nowTehran also hit what it said were Islamic State targets in northern Syria in tandem with its strikes on Iraq. In response to the Red Sea attacks, the U.S. and U.K. governments last week began launching missile strikes against Houthi positions in Yemen. While the U.S. has hit Iranian proxies in Syria and Iraq since the Gaza war began, the missile strikes marked the first U.S. attack on the Yemeni group. Iran's foreign minister told CNBC on Tuesday that the Houthis "are not receiving any orders or instructions from us."

Persons: Pakistan —, Masrour Barzani, Hossein Amirabdollahian, Ebrahim Raisi, Israel —, Umar Karim, Iran — Organizations: United Arab Emirates, . Security, CNBC, Economic, Iranian, Islamic, Sepah, Anadolu Agency, Getty, King Faisal Center for Research, Islamic Studies, Middle, Iran Yemen's Locations: DUBAI, United Arab, Iran, Iraq, Syria, Pakistan, Israel, Gaza, Baghdad, Kurdistan, Tehran, Israeli, U.S, Erbil, Iraqi Kurdish, Davos, Islamic State, Balochistan, Israel — Tehran, Lebanon, Hamas, Yemen, Red

☆ Iran struck Pakistan with missiles and drones as the 2 countries held a joint naval exercise
▼ + stars: | 2024-01-17 | by ( Nathan Rennolds | ) www.businessinsider.com time to read: +2 min

Read previewIran's missile and drone attack on neighboring Pakistan earlier this week came as the two countries reportedly held a joint naval exercise in the Persian Gulf. "We targeted Jaish al-Adl, not Pakistani citizens," Amirabdollahian said, per the Islamic Republic News Agency (IRNA), Iran's state news agency. Related stories"We respect the sovereignty and territorial integrity of Pakistan, but we won't allow Iran's security to be compromised," he added. While Iran was attacking Pakistan from the air, the two nations held joint military exercises in the Strait of Hormuz and the Persian Gulf. We will react from any area that threatens Iran," said the minister.

Persons: —, Hossein Amirabdollahian, Amirabdollahian, General Mohammadreza Ashtiani Organizations: Service, Business, Economic, Adl, Islamic Republic News Agency, Iranian Navy, Pakistani Navy, Islamic Revolutionary Guard Corps, ISIS, Defense Locations: Pakistan, Persian, Iran, Davos, Switzerland, Strait, Hormuz, Iraq, Syria, Israeli

FRANKFURT, Germany (AP) — Cutting interest rates too soon could threaten Europe’s progress in battling the inflation that has ravaged the economy, the head of the European Central Bank said Wednesday amid widespread speculation that the bank soon will lower rates from record highs. But higher prices have spread through the economy in the form of high prices for services and higher wages. Meanwhile, sluggish economic growth and the impact of higher interest rates on economic activity have sparked bets on rate cuts. Higher rates are the typical antidote to high inflation because they make it more expensive to borrow and buy things, reducing demand for goods. “The first question for next week's European Central Bank meeting is how the bank will react to current market pricing,” Brzeski wrote in a preview of the meeting.

Persons: Christine Lagarde, Lagarde, Carsten Brzeski, ” Brzeski, “ Organizations: European Central Bank, Bloomberg, ECB, U.S . Federal, Wall Street, Union, ING, Central Bank Locations: FRANKFURT, Germany, Davos, Switzerland, Israel, Europe, Ukraine

Sam Altman, CEO of OpenAI, during an interview at Bloomberg House on the opening day of the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. DAVOS, Switzerland — OpenAI founder and CEO Sam Altman said the night he was pushed out by the board was "wild," and he felt "super confused" and was "super caught off guard." "I have no equity in OpenAI," Altman said in a May Senate hearing on artificial intelligence. Between the board and the non-profit sits a capped-profit company dubbed OpenAI Global, which Microsoft inked a $10 billion investment deal with in January last year. There are also a few other entities, including a holding company, that comprise the somewhat convoluted organization behind the biggest name in generative AI tech.

Persons: Sam Altman, Switzerland —, " Altman, Altman, —, Altman's, John Kennedy Organizations: Bloomberg House, Economic, OpenAI's, OpenAI Inc, OpenAI, Microsoft Locations: Davos, Switzerland, DAVOS, OpenAI

☆ Palantir CEO Alex Karp: Antisemitism as a prejudice has always been the canary in the coal mine
▼ + stars: | 2024-01-17 | 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 EmailPalantir CEO Alex Karp: Antisemitism as a prejudice has always been the canary in the coal mineCNBC's Andrew Ross Sorkin shares a preview his interview with Palantir CEO Alex Karp at the World Economic Forum in Davos, Switzerland.

Persons: Alex Karp, Andrew Ross Sorkin Organizations: Economic Locations: Davos, Switzerland

☆ Polish Court Orders That Hunger-Striking Politician Be Force-Fed, Says President
▼ + stars: | 2024-01-17 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

The two members of the former Law and Justice (PiS) government - of which President Andrzej Duda is an ally - announced they were going on a hunger strike after their imprisonment. It couldn't immediately be determined which court Duda was referring to, and the order could not immediately be confirmed by Reuters. PiS has sought to portray Kaminski and Wasik as political prisoners, a description that has been rejected by the government and human rights activists. "Today I received information from the wife of Mariusz Kaminski that... a court order has been made that he should be force-fed," Duda told reporters at the World Economic Forum in the Swiss ski resort of Davos. In that case, lawyers questioned whether Duda had the power to pardon Kaminski before an appeals court issued a final ruling.

Persons: Mariusz Kaminski, Maciej Wasik, Andrzej Duda, Duda, PiS, Kaminski, Wasik, Bodnar, Adam Bodnar, Donald Tusk, Alan Charlish, Bernadette Baum Organizations: Law, Justice, Reuters, European Union, Economic Locations: WARSAW, Warsaw, Swiss, Davos

Zelensky and Trump loom over DavosTwo people are having an outsize impact at the World Economic Forum, and one of them isn’t even there. One is Volodymyr Zelensky, Ukraine’s president, who put on a full-court press of business and global leaders at the forum in Davos, Switzerland. Zelensky isn’t the only leader at Davos worried about Trump. The Ukrainian leader has sought to shore up global business support. And the annual wine tasting hosted by Anthony Scaramucci, the financier and former Trump official, well, ran out of wine.

Persons: Volodymyr Zelensky, Donald Trump, Zelensky, Vladimir Putin, Andrew, Trump, Putin, “, ” Zelensky, Republican Party ”, DealBook, thumped, JPMorgan Chase, Steve Schwarzman, Blackstone, Ray Dalio, David Rubenstein, Carlyle, Michael Dell, John Kerry, Biden’s, Anthony Scaramucci, Christine Lagarde, Christopher Waller, Nelson Peltz’s, James Gorman, Morgan Stanley, Mary Barra, General Motors —, Bob Iger, Disney’s, Murray Auchincloss, Bernard Looney, Auchincloss, Yi Fuxian Organizations: Trump, Economic, Ukraine, Republican Party, Republican, JPMorgan, Congress Center, Dell, European Central Bank, Fed, Disney, General, BP, University of Wisconsin – Locations: Davos, Switzerland, Europe, Ukraine, American, Iowa, Bridgewater, China, Beijing, Russia, Britain, U.S, Asia, University of Wisconsin – Madison

☆ Ukraine war latest updates: Putin hails military gains in Ukraine; Blinken warns of 'real problem' if Kyiv gets no extra funding
▼ + stars: | 2024-01-17 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Polish President Andrzej Duda told CNBC Tuesday that Ukraine's refusal to cede ground to Russia in any prospective peace talks was "perfectly understandable." "To me, as the president of Poland, it's perfectly understandable. He told CNBC that "all those voices who are saying that we probably should have some kind of political process, talks or discussions, they somehow don't hear what Mr. Putin is saying," Rinkēvičs told CNBC on Tuesday. When asked to comment on Sunday's talks, the Kremlin's Press Secretary Dmitry Peskov told CNBC, "We find these negotiations strange without our participation. Read more on the story here: 'Perfectly understandable': Russia's neighbors back Ukraine's refusal to negotiate on peace talks— Holly Ellyatt

Persons: Andrzej Duda, Duda, Volodymyr Zelenskyy, Vladimir Putin, CNBC's Steve Sedgwick, Latvia's, Edgars, Putin, Rinkēvičs, Sunday's, Dmitry Peskov, — Holly Ellyatt Organizations: CNBC, Economic, Kremlin's Locations: Russia, Davos, Poland

☆ U.S. and allies must 'persuade countries, not dictate to them,' former UK PM Gordon Brown says
▼ + stars: | 2024-01-17 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Former U.K. Prime Minister Gordon Brown said Wednesday that the U.S. and other powerful nations must "persuade countries, not dictate to them" in an increasingly multipolar world. Much of the conversation at this week's World Economic Forum in Davos, Switzerland, has focused on a breakdown of trust between populations and world leaders, and how to restore it. Allianz CEO Oliver Bäte told CNBC Tuesday that an "increasing detachment of the political elite from the working class" was the "number one risk for our societies." It's no longer neoliberal economics, it's more mercantilist economics, states doing their own thing, and protectionist trade policies have become 'in' and we've seen a retreat from globalization," Brown told CNBC on the sidelines of WEF. Brown told CNBC Wednesday that he still believes this should be the template for establishing lasting peace in the region, but that it is "incredibly difficult because nobody is trusting each other at the moment."

Persons: Gordon Brown, Oliver Bäte, Brown, Tony Blair, you've, we've, Netanyahu, Mahmoud Abbas, Ehud Olmert, Saudi King Abdullah bin Abdulaziz Al Saud Organizations: Economic, Allianz, CNBC Locations: Davos, Switzerland, WEF, America, Africa, Ukraine, Gaza, Israeli, Saudi, Israel, Palestinian

☆ 2024 will be a perilous year for the world economy as geopolitical tensions ramp up, top economists warn
▼ + stars: | 2024-01-17 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Top economists are fretting about geopolitical tensions, according to a World Economic Forum survey. AdvertisementThe year 2024 will likely be a stormy one for the global economy as growth slows and geopolitical tensions ramp up around the world, according to a World Economic Forum survey. More than half the respondents said the world economy will get weaker this year, and 70% predicted looser financial conditions – implying that they believe central banks, including the US Federal Reserve, will start lowering interest rates at some point in 2024. Advertisement"Amid accelerating divergence, the resilience of the global economy will continue to be tested in the year ahead," WEF managing director Saadia Zahidi said. "Though global inflation is easing, growth is stalling, financial conditions remain tight, global tensions are deepening and inequalities are rising."

Persons: they're, Ray Dalio, Jamie Dimon, —, Saadia Zahidi, JPMorgan Chase, aren't Organizations: Service, US Federal Reserve, JPMorgan, Sunday Times, Bridgewater Associates Locations: Swiss, Davos, Ukraine, China, Chicago

☆ A Turbulent Year May Lie Ahead—CEOs at Davos Are Optimistic
▼ + stars: | 2024-01-16 | by ( Chip Cutter | Emily Glazer | ) www.wsj.com time to read: 1 min

Ramon Laguarta, chief executive at PepsiCo, said in an interview at Davos that while inflation in agriculture is still a challenge, his company is more agile and skilled at optimization after responding to the Covid-19 pandemic. DAVOS, Switzerland—CEOs and business leaders gathered at the World Economic Forum are feeling increasingly confident about the U.S. economy and the strength of consumer demand, despite protracted conflicts around the world, a looming U.S. election and worries about new trade disruptions. The dueling sentiments on display this week reflect hopes of a so-called soft landing in the U.S., as inflation cools and the labor market remains strong. Many leaders also expect the Federal Reserve to lower interest rates this year, potentially opening up more dealmaking and spending.

Persons: Ramon Laguarta Organizations: PepsiCo, Federal Reserve Locations: Davos, DAVOS, Switzerland, U.S

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