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☆ CNBC's Sustainable Future Forum 2023
▼ + stars: | 2023-11-29 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: 1 min

For the first time, CNBC's Sustainable Future Forum will take place in-person, hosted on Sunday Dec. 3, 2023. in Dubai alongside the UN's flagship climate change conference, COP28. Hosted by Steve Sedgwick, the Co-Anchor of CNBC's flagship show 'Squawk Box,' the event will explore how global leaders of business, industry and public policy convey the vision of COP28 to consumers, societies and their other stakeholders. Amid public skepticism about progress towards a sustainable future, and tension between short-term economic demands and long-term changes, how do advocates of sustainability across business and government convince people their strategy and policies are right? How do you sell your vision of the future to win hearts and minds when many people are focused on the impacts of the economic downturn? Check out the speakers' list and agenda here.

Persons: Steve Sedgwick Organizations: COP28, CNBC's Locations: Dubai

☆ Peak crude demand is fueling anger and argument in the world of oil
▼ + stars: | 2023-10-05 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Peak oil demand refers to the point in time when the highest level of global crude demand is reached, which will be immediately followed by a permanent decline. This would theoretically decrease the need for investments in crude oil projects and make them less economical as other energy sources take over. "Such narratives only set the global energy system up to fail spectacularly," OPEC Secretary General Haitham al-Ghais said in a Sept. 14 statement. The IEA's roadmap calls for daily oil demand to be slashed by 25% in seven years' time. 'We all strive for the same thing'OPEC leaders, meanwhile, point to continuing yearly increases in oil demand, particularly from major emerging markets like China and India.

Persons: Leonard Ortiz, It's, Haitham, Ghais, Claudio Descalzi, Steve Sedgwick, Descalzi Organizations: MediaNews, Orange, Getty, International Energy Agency, OPEC, IEA, Abu Dhabi International Petroleum Exhibition Conference, Abu Dhabi International Progressive Energy Conference, United, Eni Locations: Huntington Beach , California, United Arab Emirates, UAE, OPEC, China, India

☆ Inpex CEO discusses 'various pathways' for the energy transition
▼ + stars: | 2023-10-02 | 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 EmailInpex CEO discusses 'various pathways' for the energy transitionTakayuki Ueda, Inpex CEO, speaks to CNBC's Dan Murphy and Steve Sedgwick about the energy transition in Asia, especially regarding costs.

Persons: Takayuki Ueda, CNBC's Dan Murphy, Steve Sedgwick Organizations: Inpex Locations: Asia

☆ Germany is the 'sick man of Europe' — and it's causing a shift to the right, top economist says
▼ + stars: | 2023-09-04 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +3 min

The "sick man of Europe" moniker has resurfaced in recent weeks as manufacturing output continues to stutter in the region's largest economy and the country grapples with high energy prices. It "has to do with the automobile industry, which is the heart of the German industry and many things hinge on that," he said. Germany reported a foreign trade deficit for the first time in decades in May 2022, totaling 1 billion euros ($1.03 billion). Plunge in business sentimentSinn said investor doubts about the feasibility of Germany's sustainability goals also play into the description of the country as the "sick man of Europe." Uncertainty about energy prices has likely contributed to a "plunge" in business sentiment, Holger Schmieding, chief economist at Berenberg, wrote in the note.

Persons: Hans, Werner Sinn, Sinn, CNBC's Steve Sedgwick, Thomas Lohnes, Berenberg, Holger Schmieding Organizations: European Central Bank, Getty, Ambrosetti, Berenberg Locations: Germany, Europe, Italy, Ukraine, Frankfurt, Saudi Arabia

☆ 'Very stupid': Italy's bank tax remains controversial as government scrambles to update it
▼ + stars: | 2023-09-04 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

European bank shares dropped significantly in August after a surprise announcement from the Italian government for a new tax. Italy's shock tax on banks continues to prove controversial, even as the government insists it can improve it. "It's a very stupid law," Carlo Calenda, national secretary of the Azione political party, told CNBC over the weekend. Italy's Economy Minister Giancarlo Giorgetti said at Ambrosetti that the bank tax "can certainly be improved upon...but I do not accept that it is considered an unfair tax," according to Reuters. Antonio Tajani, the country's foreign minister and leader of the centre-right Forza Italia party, said the government is stable and the bank tax is not creating tensions.

Persons: Carlo Calenda, Italy's, CNBC's Steve Sedgwick, Giancarlo Giorgetti, Antonio Tajani, CNBC's Sedgwick Organizations: CNBC, House Ambrosetti, Brothers, Italy's, Reuters, Forza Italia Locations: Rome, Italy, Europe, Ambrosetti

☆ EU economics chief says Europe is gripped by a ‘double crisis’ — but it can avoid a recession
▼ + stars: | 2023-09-02 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

Europe is facing the impact of a "double crisis," but the region can avoid a recession, Paolo Gentiloni, the European Commissioner for economic affairs, told CNBC on Saturday. "I think we are we facing the impact of the double crisis," Gentiloni said in reference to the geopolitical impact from Russia's full-scale invasion of Ukraine and the subsequent economic hit to the European continent. Russia's invasion of Ukraine in February last year sparked serious fears in Europe that the region would enter a significant economic slowdown. The euro area, in the end, grew at a rate of 3.5% in 2022, according to the International Monetary Fund. "The slowing down started from the last quarter of 2022 and it is there, but please don't call this a recession, because I think we can avoid a recession, we are avoiding recession," he said.

Persons: Paolo Gentiloni, Gentiloni, CNBC's Steve Sedgwick Organizations: CNBC, International Monetary Fund, Ambrosetti Locations: Europe, Ukraine, U.S, Germany, Russia, China

☆ Many Italian parties are against China's Belt and Road Initiative, foreign minister says
▼ + stars: | 2023-09-02 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

Many Italian parties are against Rome's participation in China's Belt and Road Initiative, Antonio Tajani, the country's foreign minister said Saturday, ahead of a critical decision on whether to quit the project. Under the agreement the two parties can end the deal after five years, otherwise the partnership gets extended for another five-year term. Tajani, however, did not confirm any specific time for when Italy will unveil its final decision on whether to continue in the Belt and Road Initiative. In this moment the countries without the Belt and Road Initiative, the European countries, are working better than us. For this, Italy will decide if [to] stay or not [to] stay in the Belt and Road Initiative.

Persons: Antonio Tajani, Rome, Mario Draghi, Tajani, Steve Sedgwick Organizations: Initiative, European Central Bank, Ambrosetti, Italy Locations: Italy, Beijing, Rome, China

☆ 'Really bad economics': Nobel laureate Joseph Stiglitz explains where the Fed went wrong on inflation
▼ + stars: | 2023-09-01 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

Mike Green | CNBCThe Federal Reserve "didn't do their homework" and mischaracterized the spike in inflation that has plagued the U.S. economy over the last two years, according to Nobel Prize-winning economist Joseph Stiglitz. The Fed didn't start hiking rates until March 2022 and Chair Jerome Powell repeatedly insisted that inflation was "transitory," indicating that it could be easily tamed. watch nowInstead, Stiglitz said that the price rises were often driven by other factors, such as a shortage of key components like semiconductor chips. In an effort to drag inflation back down towards its 2% target, the Fed has now hiked interest rates 11 times in total to a target range of 5.25%-5.5%, the highest level for more than 22 years. American auto companies forgot to put in orders for chips, and for want of a chip, you can't make a car."

Persons: Mike Green, Joseph Stiglitz, Jerome Powell, Stiglitz, CNBC's Steve Sedgwick Organizations: CNBC, Federal, Fed Locations: U.S

☆ Turkey backs Sweden's bid to join NATO
▼ + stars: | 2023-07-11 | 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 EmailTurkey backs Sweden's bid to join NATONATO leaders gather in Vilnius, Lithuania, as Turkey backs Sweden's bid to join the alliance. Steve Sedgwick reports.

Persons: Steve Sedgwick Organizations: Turkey, NATO NATO Locations: Vilnius, Lithuania, Turkey

☆ German defense minister: Future of Ukraine is in NATO
▼ + stars: | 2023-07-11 | 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 EmailGerman defense minister: Future of Ukraine is in NATOBoris Pistorius, the German defense minister, speaks to CNBC's Steve Sedgwick at the NATO summit in Vilnius, Lithuania.

Persons: NATO Boris Pistorius, Steve Sedgwick Organizations: NATO Locations: Ukraine, Vilnius, Lithuania

☆ Estonia PM says she 'understands' Zelenskyy frustration on NATO
▼ + stars: | 2023-07-11 | 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 EmailEstonia PM says she 'understands' Zelenskyy frustration on NATOKaja Kallas, PM of Estonia, speaks to CNBC's Steve Sedgwick at the NATO summit in Vilnius, Lithuania.

Persons: NATO Kaja Kallas, Steve Sedgwick Organizations: Estonia PM, NATO Kaja, NATO Locations: Estonia, Vilnius, Lithuania

☆ 'After the war, they will be a member': Russia’s neighbors back Ukraine's NATO bid at summit
▼ + stars: | 2023-07-11 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

The leaders of Europe's Baltic states on Tuesday reiterated their support for Ukraine's expedited NATO membership bid, insisting that Kyiv should join the military alliance as soon as its war with Russia is over. Speaking on the first day of NATO's two-day summit, Latvia's Prime Minister Krišjānis Kariņš said that all allies were aligned on the embattled state's ultimate membership. Ukraine's accession to the alliance is one of the major topics on the agenda as NATO members meet in Vilnius, Lithuania this week. "It looks like there is no readiness either to invite Ukraine to NATO or to make it a member of the Alliance," Zelenskyy said on Telegram Tuesday, ahead of an expected appearance at the summit. It comes a day after NATO dropped its Membership Action Plan (MAP) requirement for Ukraine — one of the major sticking points in accession negotiations.

Persons: Krišjānis Kariņš, Kariņš, CNBC's Steve Sedgwick, I'm, Volodymyr Zelenskyy, Zelenskyy Organizations: Latvia's, NATO, Alliance Locations: Baltic, Russia, Ukraine, Vilnius, Lithuania

☆ Baltic Sea will essentially now become a NATO sea: Latvia PM
▼ + stars: | 2023-07-11 | 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 EmailBaltic Sea will essentially now become a NATO sea: Latvia PMKrišjānis Kariņš, PM of Latvia, speaks to CNBC's Steve Sedgwick at the NATO summit in Vilnius, Lithuania.

Persons: Krišjānis Kariņš, Steve Sedgwick Organizations: NATO Locations: Latvia, Vilnius, Lithuania

☆ Lithuania says on eve of NATO summit that providing Ukraine with a pathway to membership is an 'achievable goal'
▼ + stars: | 2023-07-10 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Lithuania's president said Monday that establishing a pathway for Ukraine's NATO membership is an "achievable goal," even as lesser security assurances have been touted by members of the military alliance ahead of a two-day summit this week. But this is not a replacement for the full-fledged membership in NATO," Nauseda said. Asked whether Ukraine would receive a pathway to membership at this week's meeting, Nauseda said it was possible. "I think it's [an] achievable goal and this is a very important goal too," he said. Kyiv applied for fast-track NATO membership in Sept. 2022 in retaliation against Moscow after it said it had annexed four Ukrainian regions amid its full-scale invasion.

Persons: Steve Sedgwick, Gitanas Nauseda, Joe Biden, Washington, Olaf Scholz, Nauseda, Vladimir Putin Organizations: NATO, U.S, Sunday, Ukraine Locations: Vilnius, Lithuanian, Ukraine, Israel, Kyiv, Moscow, Russian

☆ NATO summit begins in Vilnius this week
▼ + stars: | 2023-07-10 | 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 EmailNATO summit begins in Vilnius this weekCNBC's Steve Sedgwick reports from Vilnius where the Ukraine war and Sweden's accession will be key topics at a NATO summit this week.

Persons: Steve Sedgwick Organizations: NATO Locations: Vilnius, Ukraine

☆ Musk vs. Zuck, CNBC Style: The gloves are off
▼ + stars: | 2023-06-23 | 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 EmailMusk vs. Zuck, CNBC Style: The gloves are offCNBC's Julianna Tatelbaum and Steve Sedgwick pit Tesla against Meta as the Elon Musk vs. Mark Zuckerberg cage fight meme goes viral.

Persons: Julianna Tatelbaum, Steve Sedgwick, Mark Zuckerberg Organizations: CNBC, Meta, Elon

☆ 'We do not want only a ceasefire': EU chief calls for lasting peace in Ukraine
▼ + stars: | 2023-06-21 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

LONDON — A ceasefire in Ukraine is not enough for European officials, who want lasting peace in the region, European Commission President Ursula von der Leyen told CNBC. So it has to be a real peace," von der Leyen said on the sidelines of a conference on reconstruction efforts for Ukraine. Speaking to CNBC's Steve Sedgwick, von der Leyen said that China can nevertheless be a crucial player in the peace process. Her comments come as western governments seem to be stepping up their efforts for the future reconstruction of Ukraine. Von der Leyen said the two-day meeting in London was about governments coordinating their aid to Kyiv, but also about convincing private investors to join in.

Persons: Ursula von der Leyen, von der Leyen, Steve Sedgwick, Rishi Sunak, Von der Leyen Organizations: CNBC, Military, Kyiv, UN, Wednesday, European Union, World Bank, European Locations: Ukraine, Kyiv, Russian, Moscow, Russia, Crimea —, China, Crimea, London, Nova

☆ The 10 fastest-growing jobs over the next 5 years—some pay over $100,000
▼ + stars: | 2023-05-03 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

New technologies and the escalating climate crisis are changing the landscape of work at an "unprecedented rate," according to a new report from the World Economic Forum. Between now and 2027, 69 million jobs will be created worldwide— but 83 million roles are expected to be eliminated, creating a net decrease of 14 million jobs, the WEF reports. Their findings are largely based on a survey of 803 companies that employ a total of 11.3 million workers in 45 different economies around the world. The rise of generative AI and other smart technologies as well as the drive to "go green" will lead some jobs to soar in demand over the next five years, and put others at risk of becoming obsolete. Coca-Cola, for example, is using AI to improve customer service and ordering and experimenting with ChatGPT to "enhance marketing capabilities and business operations," per its latest earnings report.

☆ 'A mountain of bureaucracy': German MP Klöckner discusses challenges facing the European Union right now
▼ + stars: | 2023-05-02 | 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 Email'A mountain of bureaucracy': German MP Klöckner discusses challenges facing the European Union right nowGerman MP Julia Klöckner tells CNBC's Steve Sedgwick that the European Union worked really well together during Covid, but things are more difficult when it comes to the energy crisis.

☆ Nearly 25% of jobs are set to be disrupted in the next five years — and A.I. could play a key role: World Economic Forum
▼ + stars: | 2023-05-02 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Nearly 25% of jobs are set to be disrupted in the next five years, according to the World Economic Forum's latest 'Future of Jobs' report. The world of work is set to go through major changes in the coming years — with almost a quarter of jobs changing in the next five years, according to a new report from the World Economic Forum. Some 23% of jobs will be disrupted, WEF said in its 'Future of Jobs' report, with some eliminated and others created. Crucially, WEF expects there to be 14 million fewer jobs overall in five years' time, as an estimated 83 million roles will disappear, while only 69 million will emerge. The report's findings are largely based on a survey of 803 companies that employ a total of 11.3 million workers in 45 different economies around the world.

☆ Randstad CEO: A.I. will support tasks, but human skills still needed
▼ + stars: | 2023-05-02 | 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 EmailRandstad CEO: A.I. will support tasks, but human skills still neededSander van't Noordende, CEO at Randstad, speaks to CNBC's Steve Sedgwick from the World Economic Forum's headquarters in Geneva, Switzerland.

☆ Want to invest in the A.I. boom? Veteran tech fund manager names 4 stocks to own
▼ + stars: | 2023-04-21 | by ( Ganesh Rao | ) www.cnbc.com time to read: +5 min

Artificial intelligence is no longer a futuristic fantasy but closer to a reality predicted to transform many industries. "It's still very early, but ChatGPT described as the iPhone moment for the artificial intelligence technology industry feels about right to us." The tech fund manager also told CNBC's Pro Talks that four large-cap stocks were driving some of the biggest and most tangible advancements in artificial intelligence. Microsoft Microsoft could be one of the top options for investors looking to invest in artificial intelligence, according to Rogoff, lead manager of Polar Capital Technology Trust plc. The tech fund manager pointed to the company's 90% market share in search, where it can deploy its own ChatGPT-like language model.

☆ CNBC Pro Talks: Meet a fund manager who bet on A.I. before most investors knew what it was
▼ + stars: | 2023-04-19 | by ( ) www.cnbc.com time to read: +2 min

The S&P 500 is up more than 8% this year led by a basket of mega-cap stocks, including chip stock Nvidia , which is up by around 90%. Both stocks are among Polar Capital Technology Trust's top 10 holdings. The fund manager also discussed the impact of a recession on FAANG stocks, which have been the primary drivers of the market rally this year. He joined Polar Capital in 2003. He's the lead manager of the Polar Capital Technology Trust, and fund manager of the Polar Capital Global Technology Fund and the Automation and Artificial Intelligence Fund.

☆ CNBC Pro Talks: Meet a fund manager who bet on A.I. five years ago
▼ + stars: | 2023-04-18 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

The investment manager set up a fund focused on artificial intelligence a full 5 years ago — well before AI was on every investor's lips. He's the lead manager of the Polar Capital Technology Trust, and fund manager of the Polar Capital Global Technology Fund and the Automation and Artificial Intelligence Fund. The funds' top holdings include chip giants as well as software and other tech stocks such as Nvidia , Advanced Micro Devices , Microsoft and Apple . He's the lead manager of the Polar Capital Technology Trust, and fund manager of the Polar Capital Global Technology Fund and the Automation and Artificial Intelligence Fund. The funds' top holdings include chip giants as well as software and other tech stocks such as Nvidia , Advanced Micro Devices , Microsoft and Apple .

☆ A green transition will require trillions of dollars. It'll be a 'tall order' to find the cash, but there's hope
▼ + stars: | 2023-04-04 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +3 min

"There's reason for great encouragement in what we've seen ... [happening] in the last year," Mark Dooley, global head of Macquarie Asset Management's Green Investment Group, said. The shift to a low and zero carbon future will require cutting edge technological innovation alongside huge levels of investment. Referencing the global situation, Dooley added: "We've just had our first year, in 2022, where we punched through a trillion dollars going into the energy transition — a trillion dollars." According to the International Energy Agency, clean energy investment will need to hit over $4 trillion a year by 2030 in its Net Zero Emissions by 2050 Scenario. What it calls "transition technologies" would account for 80%, or $35 trillion, of this.

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