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☆ Regulation and competition key for growth of AI in China and beyond
▼ + stars: | 2023-06-28 | 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 EmailRegulation and competition key for growth of A.I., says professor at China's Tsinghua UniversityZhang Ya-Qin, Tsinghua University chair professor, founding dean of the Tsinghua Institute for AI Industry Research and ex-Baidu president, spoke to CNBC on the sidelines of the World Economic Forum in Tianjin.

Persons: Zhang Ya Organizations: China's Tsinghua, Qin, Tsinghua University, Tsinghua Institute, AI Industry Research, Baidu, CNBC, Economic Locations: Tianjin

☆ LVMH owner Bernard Arnault reportedly visits China after luxury spending rebound
▼ + stars: | 2023-06-28 | by ( Laura He | ) edition.cnn.com time to read: +4 min

LVMH reported its first-quarter sales surged 17% from a year ago, beating analyst expectations, driven by a rebound in China’s luxury market from the downturn it experienced during the pandemic. Luxury goods spending bounced back more quickly than any other sector in the first quarter. Although the economic momentum has lost steam in the past couple of months, growth in luxury goods sales has accelerated. China was one of the world’s largest luxury goods markets before Covid hit. Bain & Co. estimated earlier this year that Chinese consumer spending accounted for around 17% of the global luxury market in 2022.

Persons: Hong Kong CNN — Bernard Arnault, Elon Musk, Morgan, Jamie Dimon, Musk, Caijing, Christian Dior, LVMH didn’t, LVMH, ”, Jean, Jacques Guiony, “, Li Qiang, ” Li Organizations: Hong Kong CNN, LVMH, WF, CNN, Consumers, Bain & Co Locations: Hong Kong, China, Beijing, ” Beijing

☆ Fact Check-Shahzada Dawood, who died on Titanic sub, was not a WEF vice chairman
▼ + stars: | 2023-06-27 | by ( Reuters Fact Check | ) www.reuters.com time to read: +3 min

Businessman Shahzada Dawood, a passenger on the deep-sea Titan submersible destroyed during a dive to the Titanic wreckage, who is now confirmed dead, was not vice chairman of the World Economic Forum (WEF), as claimed in social media posts. One user who shared the claim on Twitter said: “One of the passengers on the Titan submarine is Pakistan billionaire Shahzada Dawood - The Vice Chairman of the World Economic Forum Coincidence? Dawood is not listed as a board member or employee of the WEF via the organization's website (here). A search for Dawood via the WEF website reveals that he was listed as an attendee at various WEF meetings in his capacity as Director of Dawood Hercules Corporation (here). Shahzada Dawood who died on the destroyed Titan submersible was not a Vice Chairman of the World Economic Forum (WEF).

Persons: Shahzada Dawood, Dawood, Suleman, “, ” Yann Zopf, ”, Peter Brabeck, Zopf, Read Organizations: Economic, Twitter, Coast Guard, Reuters, Trustees, Business, Dawood Hercules Corporation Locations: Pakistan

☆ Globalisation remains intact despite some setbacks - China Premier Li
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: 1 min

TIANJIN, June 27 (Reuters) - China's Premier Li Qiang told delegates that globalisation remains intact despite some setbacks at a World Economic Forum summit in Tianjin on Tuesday. The pandemic is unlikely to be the last public health crisis for the world, Li added. Reporting by Kevin Yao; Writing by Joe Cash; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

Persons: Li Qiang, Li, Kevin Yao, Joe Cash, Kim Coghill Organizations: Thomson Locations: TIANJIN, Tianjin

☆ China will continue to be a strong driving force for the global economy, premier says
▼ + stars: | 2023-06-27 | 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 EmailChina will continue to be a strong driving force for the global economy, premier saysChina has served as an important anchor and proponent of free trade and stable growth in the world, Premier Li Qiang said at the World Economic Forum's Annual Meeting of the New Champions in Tianjin.

Persons: Li Qiang Organizations: China, New Champions Locations: China, Tianjin

☆ Volkswagen China chief asks China's premier Li for clarity on data transfers
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +2 min

BERLIN, June 27 (Reuters) - Volkswagen's (VOWG_p.DE) head of its business in China said on Tuesday that the carmaker needed clarity on cross-border data transfers in a meeting with the country's Premier Li Qiang, asking how China would cooperate with Europe amid rising political tensions. "As a globalized industry, the transformation of the automotive sector highly depends on international exchange of personnel, data and knowledge. We therefore need more clarity on cross-border data transfers," executive Ralf Brandstaetter said, according to a copy of the speech held at a World Economic Forum meeting in Tianjin. "What are the major considerations of China, and how China will cooperate with Europe in this regard?" SAIC Volkswagen Automotive Co joined in the price war in March, offering 3.7 billion yuan ($512.52 million) in cash subsidies for car purchases in China.

Persons: Li Qiang, Ralf Brandstaetter, Brandstaetter, Victoria Waldersee, Matthias Williams Organizations: Volkswagen, Qualcomm, Horizon Robotics, Tesla, SAIC Volkswagen Automotive Co, Thomson Locations: BERLIN, China, Europe, Tianjin, North America, Italian, Hefei

☆ CNBC Daily Open: Tech, meet reality
▼ + stars: | 2023-06-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Microsoft wants explosive growthMicrosoft CEO Satya Nadella wants the tech giant to hit $500 billion in revenue by fiscal 2030, according to a court filing. Indeed, Nadella sketched out a "20/20" goal, which involves growing revenue and operating income by 20% year over year. Wilson, who predicted the fall in markets last year, thinks the S&P 500 will drop to 3,900 in the fourth quarter.

Persons: Vladimir Putin, Joe Biden, Satya Nadella, Nadella, Li Qiang, Amin Nasser, Wilson, Morgan Stanley's Organizations: CNBC, Tech, Stock, Japan's Nikkei, Wagner, Microsoft, New Locations: Asia, Pacific, Moscow, Russian, U.S, China, India, That's

☆ China decoupling would be an act of 'suicide' for Europe, Hungary's foreign minister says
▼ + stars: | 2023-06-27 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Thomas Trutschel | Photothek | Getty ImagesHungary's foreign minister said Tuesday that any move to decouple, or even de-risk, from China would be an act of "suicide" for Europe. "Both decoupling and de-risking would be a suicide committed by the European economy," Szijjártó told CNBC's Sam Vadas at the World Economic Forum's annual conference in Tianjin, China. "How could you decouple without killing the European economy?" Péter Szijjártó Foreign Minister of HungaryThe issue is a particularly sensitive balancing act for Europe, which remains deeply reliant on U.S. support in Ukraine but also has critical economic ties with Beijing. China was the largest source of EU imports and the third-largest buyer of EU goods in 2022, according to Eurostat.

Persons: Thomas Trutschel, Péter Szijjártó, Szijjártó, CNBC's Sam Vadas, Péter, Mercedez Organizations: Photothek, Getty, Beijing, Péter Szijjártó, Eurostat, European Union, Amperex Technology, Mercedez Benz, BMW, VW Locations: China, Europe, Tianjin, Beijing, Hungary, Ukraine

☆ China opens its doors to the world by kicking off its first in-person 'Summer Davos' since the pandemic
▼ + stars: | 2023-06-27 | by ( Spriha Srivastava | ) www.businessinsider.com time to read: +3 min

The Chinese city of Tianjin is hosting the World Economic Forum's "Summer Davos." Chinese Premier Li Qiang opened the conference, acknowledging global challenges and warning about future public health crises. Saudi Arabia has sent a top delegation to the event, reflecting the importance of its oil trade relationship with China. C-suite executives, government officials, and media members from all over the world have made their way to attend the first in-person World Economic Forum, or WEF, event in China since the pandemic began. The WEF's three-day "Summer Davos" will see over 1,500 participants discuss topics centered around "Entrepreneurship: The driving force of the global economy."

Persons: Li Qiang, —, Li, PASCAL BITZ, Xi Jinping Organizations: Service, Entrepreneurship, New, People's, Economic, China's, Financial Times Locations: Tianjin, Davos, Saudi Arabia, China, Local, People's Republic of China, Kingdom

☆ Morning Bid: China supports, peak rate haze
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +4 min

It made its displeasure at further yuan weakness clear on Tuesday, lifting official daily targets while state banks sold dollars. Even though investors seemed to bat away the bizarre weekend events in Russia, the murky Western interest rate picture continues to hamper European and U.S. stocks. Central bankers meeting at an annual European Central Bank forum in Portugal dissuaded markets from betting on a peak in the interest rate cycle just yet. While those comments are likely more directed at European policymakers, where disinflation is lagging, markets also still expect the Fed to push ahead with at least one more interest rate rise next month. The hawkish rate picture didn't deter demand for two-year Treasury notes at Monday's auction, however, and 2-year yields slipped below 4.70% on Tuesday.

Persons: Mike Dolan, Li Qiang, Hong Kong's, Christine Lagarde, Lagarde, Gita Gopinath, Morgan Stanley, Emelia Sithole Organizations: Federal, Economic, Bank of Japan, European Central Bank, ECB, Conference, University of Michigan's, Dallas Federal, Richmond Fed, Central Bank, Treasury, Walgreens, Reuters, Thomson Locations: U.S, China, Beijing, Tianjin, Shanghai, Russia, Portugal, Sintra

☆ China slams the West for 'hyping up' the concept of 'de-risking.' Here's what it means and why China is so worried.
▼ + stars: | 2023-06-27 | by ( Spriha Srivastava | ) www.businessinsider.com time to read: +4 min

The US-China trade war has impacted manufacturing exports, particularly in the semiconductor industry. Opening Plenary with Li Qiang, Premier of the People's Republic of China World Economic Forum/Benedikt von LoebellWhy does de-risking matter? According to the Peterson Institute for International Economics, the trade war of 2018-19 devastated US exports to China. A big sticking point for the two nations is the US manufacturing exports to China. "Prior to the trade war, manufacturing was 44 percent of total US goods and services exports to China — the largest component of pre-trade war commerce.

Persons: Li Qiang, Li, —, Ursula von der Leyen, Benedikt von Loebell, Trump, Morgan, JP Morgan Organizations: Service, European, Economic, Peterson Institute for International Economics, Peterson Institute, Semiconductor Industry Association Locations: China, West, Davos, Tianjin, decouple, People's Republic of China, China —, East Asia, Taiwan, South Korea

☆ China's growth to be higher in Q2, projected to hit annual 5% target - Premier Li
▼ + stars: | 2023-06-27 | by ( ) www.reuters.com time to read: +1 min

TIANJIN, China, June 27 (Reuters) - China's economic growth in the second quarter will be higher than the first and was projected to reach the annual economic growth target of around 5%, China's Premier Li Qiang told delegates at the World Economic Forum in Tianjin on Tuesday. However, analysts are now downgrading their economic growth forecasts for China for the rest of the year. The pandemic is unlikely to be the last public health crisis the world faces, Li said, adding that it will be over and visible and invisible barriers will disappear. The trend of globalisation remains intact despite some setbacks, said the Chinese premier, reiterating a key theme of his since taking up his post that China remains open for business and welcomes foreign investors. Reporting by Kevin Yao; Writing by Joe Cash; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.

Persons: Li Qiang, Li, Kevin Yao, Joe Cash, Michael Perry Organizations: China's, Economic, Thomson Locations: TIANJIN, China, Tianjin, Beijing

☆ China's economy is set to grow faster in the second quarter, Premier Li Qiang says
▼ + stars: | 2023-06-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

Chinese Premier Li Qiang attends a meeting on June 26, 2023, with the Director-General of the World Trade Organization ahead of the World Economic Forum New Champions meeting in Tianjin, China. Pool | Getty Images News | Getty ImagesBEIJING — Chinese Premier Li Qiang said Tuesday his country was still on track to reach its annual growth target of around 5%. Li was speaking at the opening plenary of the World Economic Forum's Annual Meeting of the New Champions. On Tuesday, the Chinese premier repeated the line about forecast upgrades, again without mentioning specific institutions or dates. In June, the World Bank raised its forecast for China's growth this year to 5.6%, up from 4.3% previously.

Persons: Li Qiang, Li, Xi Jinping, Goldman Sachs Organizations: World Trade Organization, Getty, New, JPMorgan, UBS, Bank of America, Bank, Monetary Fund Locations: Tianjin, China, BEIJING

☆ WEF President: Global economy at pivotal moment of transformation
▼ + stars: | 2023-06-26 | 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 EmailWEF President: Global economy at pivotal moment of transformationBorge Brende, president of the World Economic Forum, discusses events in Russia, the war in Ukraine and economic growth in China.

Persons: Borge Brende Organizations: Global, Economic Locations: Russia, Ukraine, China

☆ IBM to acquire software company Apptio for $4.6 billion
▼ + stars: | 2023-06-26 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

IBM CEO Arvind Krishna speaks at a panel session at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2023. IBM on Monday announced it will acquire the software company Apptio from Vista Equity Partners for $4.6 billion. IBM said in a release that Apptio will help it advance its application management, optimization and observability offerings. "Technology is changing business at a rate and pace we've never seen before," IBM CEO Arvind Krishna said in the release. Apptio will be acquired with cash, and IBM said the deal is expected to close in the latter half of this year.

Persons: Arvind Krishna, Apptio, we've Organizations: Economic, IBM, Monday, Vista Equity Partners, Microsoft, Google Locations: Davos, Switzerland

☆ China’s premier strikes confident tone on economic growth
▼ + stars: | 2023-06-26 | by ( Laura He | ) edition.cnn.com time to read: 1 min

Hong Kong CNN —China’s Premier Li Qiang struck a confident tone about expansion in the world’s second largest economy on Tuesday, saying growth in the second quarter will be higher than in the first three months of the year. “We are on track to achieve the 5% annual growth target that we set earlier this year,” he told delegates at a World Economic Forum summit in the northern Chinese city of Tianjin. “We are fully confident and have the ability to promote the high quality development track of China’s economy over a long period of time.”This is a developing story and will be updated.

Persons: Hong Kong CNN —, Li Qiang, ” Organizations: Hong Kong CNN Locations: Hong Kong, Tianjin, “

☆ Jobs are now requiring experience with ChatGPT — and they'll pay as much as $800,000 a year for the skill
▼ + stars: | 2023-06-24 | by ( Aaron Mok | ) www.businessinsider.com time to read: +1 min

Experience with OpenAI's ChatGPT could help you land your next job. Here are the nine types of jobs companies are hiring for that require AI chatbot expertise. "It's somebody using AI that will take your job." Insider reviewed dozens of job postings on job board sites like Indeed and LinkedIn to see which companies are looking to hire workers with ChatGPT experience. Here are nine types of jobs that companies are looking to fill with ChatGPT experts — and what you can get paid doing them:

Persons: OpenAI's, ResumeBuilder, chatbot, Richard Baldwin Organizations: LinkedIn

☆ What is AI? Everything you need to know about artificial intelligence but were too afraid to ask
▼ + stars: | 2023-06-24 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +11 min

Meta, Amazon and Alibaba have said they’re working on generative AI tools, too. As impressive as some generative AI services may seem, they essentially just do pattern matching. Not all AI tools are equally useful and many companies will certainly tout AI features and strategies simply to tap into the current hype cycle. Artificial intelligence is also much broader than ChatGPT and other generative AI tools. Companies will likely need new workers to help them implement and manage AI tools.

Persons: Drake, ChatGPT, Jaap Arriens, Sam Altman, “, Sundar Pichai, Kamala Harris, Evan Vucci, OpenAI, Altman, ” Organizations: CNN — Business, Netflix, Google, Getty, Microsoft, Big Tech, CNN, Companies, Economic, CNET, ChatGPT, White Locations: Silicon, Washington, ChatGPT, United States, Europe

☆ The 20 best countries for women—the U.S. isn’t one of them
▼ + stars: | 2023-06-23 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

No country has yet achieved full equality between men and women — but some countries are doing a better job of closing the gender gap than others. The Global Gender Gap Report, now in its 17th year, compares countries' gender gaps across four dimensions: economic opportunities; educational attainment; health and survival; and political empowerment. Nordic countries, such as Finland and Iceland, have been exemplary in this regard, having elected several female heads of government. There are a number of reasons why Europe has been more successful in closing the gender gap than the U.S., says Zahidi. One reason is that European countries have invested more in care infrastructure, offering affordable child care, paid parental leave and universal health care.

Persons: Saadia Zahidi, Joe Biden's, Noreen Farrell, Zahidi, Roe, Wade, Farrell Organizations: Economic, Iceland Norway Finland New Zealand, Iceland Norway Finland New Zealand Sweden Germany Nicaragua Namibia Lithuania Belgium Ireland Rwanda, Iceland Norway Finland New Zealand Sweden Germany Nicaragua Namibia Lithuania Belgium Ireland Rwanda Latvia Costa Rica United, Iceland Norway Finland New Zealand Sweden Germany Nicaragua Namibia Lithuania Belgium Ireland Rwanda Latvia Costa Rica United Kingdom Philippines Albania Spain The Republic of Moldova South, WEF, Yale Locations: Iceland, Norway, Finland, New Zealand, Sweden, Iceland Norway Finland, Iceland Norway Finland New Zealand Sweden Germany Nicaragua Namibia Lithuania Belgium Ireland, Iceland Norway Finland New Zealand Sweden Germany Nicaragua Namibia Lithuania Belgium Ireland Rwanda Latvia Costa, Iceland Norway Finland New Zealand Sweden Germany Nicaragua Namibia Lithuania Belgium Ireland Rwanda Latvia Costa Rica United Kingdom Philippines Albania Spain The Republic of Moldova, Iceland Norway Finland New Zealand Sweden Germany Nicaragua Namibia Lithuania Belgium Ireland Rwanda Latvia Costa Rica United Kingdom Philippines Albania Spain The Republic of Moldova South Africa, U.S, Europe, North America

☆ Japan will 'aggressively' push for women's participation after gender gap report
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +2 min

TOKYO, June 21 (Reuters) - Japan plans to "aggressively" push for women's participation in society, especially in politics, top government spokesperson Hirokazu Matsuno said on Wednesday after an annual report showed the country was struggling to narrow the gender gap. The World Economic Forum report measuring gender parity ranked Japan 125th out of 146 countries this year, compared with 116th in last year's report. In economic participation and opportunity, a category that examines labour force participation, wage equality and income showed, Japan was 123th, the lowest among East Asian and the Pacific countries. Its gender parity in political empowerment was one of the lowest-ranked in the world, at 138th, behind China, Saudi Arabia and Turkey. The ruling Liberal Democratic Party this month compiled a plan to raise the percentage of its female lawmakers to 30%.

Persons: Hirokazu Matsuno, Fumio Kishida, Kishida, Satoshi Sugiyama, Pasit, Mariko Katsumura, Shri Navaratnam, Gerry Doyle Organizations: Economic, Japan, East, Investors, Norges Bank Investment Management, Nikkei, Liberal Democratic Party, Thomson Locations: TOKYO, Japan, China, Saudi Arabia, Turkey, Lower

☆ Global gender gap could take 131 years to close after a generation of progress was lost to Covid, WEF says
▼ + stars: | 2023-06-21 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +4 min

At the current rate, it will take 131 years to close the global gender gap, according to the World Economic Forum. Sopa Images | Lightrocket | Getty ImagesIt could now take 131 years to close the global gender gap after an "entire generation" of progress was lost to Covid-19, according to the World Economic Forum. European countries lead on gender equalityThe Global Gender Gap Report, now in its 17th year, benchmarks gender-based gaps in fours areas: economic participation and opportunity; educational attainment; health and survival; and political empowerment. While no country has yet achieved full gender parity, the top nine ranking countries have closed at least 80% of their gap. watch nowOn a regional level, Europe has the highest gender parity at 76.3%, overtaking North America, where 75% of the gap is closed.

Persons: WEF, Saadia Zahidi, Zahidi, CNBC's Joumanna, there's Organizations: Economic, U.S, Pacific, Getty Locations: Iceland, Norway, Finland, New Zealand, Sweden, Germany, Nicaragua, Namibia, Lithuania, Belgium, Europe, North America, United States, Latin America, Caribbean, Eurasia, Central Asia, East Asia, Saharan Africa, Southern Asia, East, North Africa

☆ It could take another 131 years to close the gender gap around the world, according to the World Economic Forum
▼ + stars: | 2023-06-21 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

It will take another 131 years for the world to achieve gender equality worlwide, according to the WEF. Iceland has closed over 90% of its gender gap, but the US ranked just 43rd globally for gender equality. The statistics come from the World Economic Forum's annual Global Gender Gap report. The WEF published its 2023 Global Gender Gap Report on Tuesday and examined gender parity across 146 countries, finding that the gender gap has closed across a variety of areas of society by 68.4% globally, up 0.3% from 2022's 68.1% score. The United States however is falling behind in closing the gender gap, dropping to 43rd on the list, down from 27th last year.

Persons: —, Saadia Zahidi, WEF Organizations: US, Service, Economic, Center for American Locations: Iceland, Norway, Finland, Sweden, New Zealand, United States

☆ It could take 131 years for the world to close the gender gap, report shows
▼ + stars: | 2023-06-20 | by ( Alicia Wallace | ) edition.cnn.com time to read: +3 min

Minneapolis CNN —Progress on achieving global gender equality is languishing. A new report from the World Economic Forum estimates that women won’t attain parity with men for another 131 years. The overall gender gap — a measurement of equality across the realms of the economy, politics, health and education — closed by a mere 0.3% as compared to last year, according to the WEF’s “Global Gender Gap Report 2023,” released Wednesday. “Today, some parts of the world are seeing partial recoveries while others are experiencing deteriorations as new crises unfold.”The WEF’s Gender Gap Index measures gender parity in 146 countries and across four areas: economic participation and opportunity, educational attainment, health and survival and political empowerment. “Accelerating progress towards gender parity will not only improve outcomes for women and girls but benefit economies and societies more widely, reviving growth, boosting innovation and increasing resilience,” Zahidi wrote.

Persons: ”, Saadia Zahidi, ” Zahidi, “ Organizations: Minneapolis CNN, “, United Locations: Minneapolis, Iceland, Norway, Finland, New Zealand, Sweden, Germany, Nicaragua, Namibia, Lithuania, United States

☆ Two of the Passengers Are a Prominent Businessman and His 19-Year-Old Son
▼ + stars: | 2023-06-20 | by ( Emma Bubola | ) www.nytimes.com time to read: 1 min

The British businessman Shahzada Dawood, 48, and his son, Suleman, 19, are aboard the missing submersible, according to a statement from the Engro Corporation, based in Karachi, Pakistan. The elder Mr. Dawood, a scion of one of Pakistan’s wealthiest families, is a vice chairman of Engro and has a background in textiles and fertilizer manufacturing. He has served on boards of directors in a variety of industries, according to the World Economic Forum website. Mr. Dawood and his son are British subjects. Mr. Dawood and his wife, Christine, also have a daughter, Alina.

Persons: Shahzada Dawood, Suleman, Dawood, King Charles III’s, Hussain, Christine, Alina Organizations: Engro Corporation, Economic, Global, Prince’s Trust Locations: Karachi, Pakistan

☆ Jeffrey Epstein offered to help former JPMorgan banker get his daughter into Columbia, report says
▼ + stars: | 2023-06-20 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +3 min

A report revealed new details on Jeffrey Epstein's personal ties with ex-JPMorgan exec Jes Staley. Epstein offered to help Staley's daughter apply to Columbia, the Wall Street Journal reported. Jeffrey Epstein offered to help former JPMorgan executive Jes Staley's daughter nab an acceptance to one of Columbia University's doctorate programs, according to a report by The Wall Street Journal. Epstein offered to connect Staley with Columbia University's president at the Davos World Economic Forum in 2011, the report said, according to The Journal. Lawyers for Staley have denied the allegations against him to the Wall Street Journal.

Persons: Jeffrey Epstein's, Jes Staley, Epstein, Jeffrey Epstein, Jes Staley's, Staley, —, didn't, Mary Erdoes Organizations: ex, JPMorgan, Wall Street Journal, US Virgin Islands, Morning, nab, Columbia, The Journal, Staley, Economic, US Virgin, Little Saint, Wall Street, The Locations: Columbia, Davos

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