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Search resuls for: "Steve Sedgwick"


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☆ Green transition won't be perfect and we'll need natural gas, World Energy Council CEO says
  + stars: | 2023-04-03 | by ( Anmar Frangoul | ) www.cnbc.com   time to read: +3 min
"We need to get electrification going faster," said Angela Wilkinson, the secretary general and CEO of the London-based World Energy Council. Described by the International Energy Agency as a "versatile energy carrier," hydrogen has a diverse range of applications and can be used in a wide range of industries. One method of producing hydrogen involves electrolysis, a process through which an electric current splits water into oxygen and hydrogen. In looking at the overall picture, the World Energy Council's Wilkinson stressed there are no easy answers. "It's not that it's a simple issue of just swapping out one technology for another technology," she said.
☆ 'Nationalizing bond markets' left central banks unprepared for inflation, top HSBC economist says
  + stars: | 2023-03-31 | by ( Elliot Smith | ) www.cnbc.com   time to read: +3 min
"Part of the problem with QE was the fact that you're basically nationalizing bond markets. Bond markets have a very very useful role to play when you've got inflation, which is they're an early warning indicator," King told CNBC's Steve Sedgwick. Central banks around the world have hiked interest rates aggressively over the past year in a bid to rein in soaring inflation, after a decade of loose financial conditions. The swift rise in interest rates has intensified concerns about a potential recession and exposed flaws in the banking system that have led to the collapse of several regional U.S. banks . The prolonged period of loose monetary policy after the global financial crisis equated to central banks "nationalizing bond markets," and meant policymakers were slow off the mark in containing inflation over the past two years, according to HSBC Senior Economic Adviser Stephen King.
☆ It's the U.S., not Europe's banking system that's a concern, top economists say
  + stars: | 2023-03-31 | by ( Elliot Smith | ) www.cnbc.com   time to read: +5 min
A central theme at the Ambrosetti Forum in Italy on Thursday and Friday was the potential for further instability in financial markets, arising from problems in the banking sector — particularly against a backdrop of tightening financial conditions. The move of 2018 was part of a broad rollback of banking rules put in place in the aftermath of the crisis. Although lauding the progress made in Europe, Papaconstantinou emphasized that it is too early to tell whether there is broader weakness in the banking system. It is not an environment where we can sit back and say, 'okay, this was just two blips, and we can continue as usual'. "We learnt the lessons of the financial crisis, there's been deep restructuring in this decade, and they are in a stronger position than in the past, obviously."
☆ SVB is 'probably the first of a series' of bank failures, Ambrosetti's De Molli says
  + stars: | 2023-03-31 | 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 EmailSVB is 'probably the first of a series' of bank failures, Ambrosetti's De Molli saysValerio De Molli, managing partner and CEO at The European House – Ambrosetti, speaks to CNBC's Steve Sedgwick from the banks of Lake Como, Italy. He says uncertainty across the world's banking industry is concerning.
☆ Latvia president: Ukraine conflict cannot end until Russia moves back to recognized borders
  + stars: | 2023-02-21 | 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 EmailLatvia president: Ukraine conflict cannot end until Russia moves back to recognized bordersLatvian President Egils Levits speaks to CNBC's Steve Sedgwick in Warsaw ahead of the one-year anniversary of Russia mounting a large-scale invasion of Ukraine.
☆ More than 13,000 Nigerian residents take Shell to court over oil spills
  + stars: | 2023-02-02 | by ( Sam Meredith | ) www.cnbc.com   time to read: +3 min
Residents fetch water from a well contaminated by oil pollution at Ogale Town, Eleme in southeast Nigeria, on June 13, 2015. Afp Contributor | Afp | Getty ImagesOver 13,000 residents from two Nigerian communities are seeking damages from Shell in the High Court in London, calling for the energy giant to clean up residual oil and compensate devastating environmental damage. Shell, which reported its highest-ever annual profit of nearly $40 billion on Thursday, argues that the communities have no legal standing to enforce clean-up of the oil spills. Shell said in 2021 that it plans to leave the Niger Delta and sell its onshore oilfields and assets after 80 years of operations. "It appears that Shell is seeking to leave the Niger Delta free of any legal obligation to address the environmental devastation caused by oil spills from its infrastructure over many decades," Leader said.
☆ India is a true bright spot in the midst of a global downturn, top execs and policymakers say
  + stars: | 2023-01-27 | by ( Jenni Reid | ) www.cnbc.com   time to read: +5 min
But India does shine out among the world's biggest economies, with Europe hovering on the brink of potential recession and U.S. growth slowing. "It's for the whole digital India, and creating a digital society in India," Ekholm told CNBC. watch nowIndia, he continued, "will very shortly have the best digital infrastructure outside of China," driven by telecoms juggernauts Bharti Airtel and Jio, he added. Strong tailwinds"We are very optimistic and very positive on India," the chief executive of Tata Consultancy Services, Rajesh Gopinathan, told CNBC. As Anish Shah, chief executive of Mahindra Group, told CNBC: "India will get impacted.
☆ UK Business Secretary: Prime Minister Sunak is at home focusing on domestic priorities
  + stars: | 2023-01-19 | 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 EmailUK Business Secretary: Prime Minister Sunak is at home focusing on domestic prioritiesGrant Shapps, secretary of state for business, energy and industrial strategy for the U.K., speaks to CNBC's Steve Sedgwick at Davos 2023.
☆ Greta Thunberg and other climate activists discuss the energy transition at Davos
  + stars: | 2023-01-19 | by ( Cnbc.Com Staff | ) www.cnbc.com   time to read: 1 min
[The stream is slated to start at 5:15 a.m. Please refresh the page if you do not see a player above at that time.] Alongside IEA Executive Director Fatih Birol, activist Greta Thunberg is taking part in the CNBC-moderated panel with youth climate advocates Vanessa Nakate, Helena Gualinga and Luisa Neubauer. The four climate activists arrived in Davos having recently composed an open letter to the CEOs of fossil fuel companies through the non-profit website Avaaz. Moderated by CNBC's Steve Sedgwick, the panel at Davos, Switzerland, will debate how the world can rapidly accelerate the clean energy transition.
☆ The whole West is threatened if an aggressor isn't challenged, Dutch PM says
  + stars: | 2023-01-19 | by ( Hannah Ward-Glenton | ) www.cnbc.com   time to read: +1 min
Europe needs to do more to support Ukraine, according to the Dutch prime minister. "If an aggressor is not challenged and can go about his business, it won't end with Ukraine. The whole West is threatened," Rutte told CNBC, as he discussed Europe's response to the war in Ukriane at the World Economic Forum in Davos. "People feel that this is about values, that we cannot accept one country invading another country … It is also about our collective safety," he added. Rutte also said Europe needs to do more to help Ukraine, but that the issue of sending tanks is "a sensitive decision."
☆ Irish premier hopeful of post-Brexit trade talk breakthrough — but ‘we’re not there yet’
  + stars: | 2023-01-19 | by ( Sam Meredith | ) www.cnbc.com   time to read: +1 min
Taoiseach Leo Varadkar talking to the media outside the Stormont hotel on Jan. 12. Irish premier Leo Varadkar on Thursday said there has yet to be a breakthrough over Northern Ireland's post-Brexit trade rules, but expressed hopes that an agreement is within reach. I am hopeful that we will get there," Taoiseach (Irish Prime Minister) Varadkar told CNBC's Steve Sedgwick at the World Economic Forum in Davos, Switzerland. "I think certainly Prime Minister [Rishi] Sunak and the British government seem to be very serious about coming to an agreement and settling this issue. And I think there is increased flexibility from the European Union side, which includes Ireland, around coming to an agreement."
☆ Putin is a tyrant who wants to enslave Ukraine, Poland's president says
  + stars: | 2023-01-17 | by ( Holly Ellyatt | ) www.cnbc.com   time to read: +3 min
Russian President Vladimir Putin speaks during a news conference after a meeting of the State Council on youth policy in Moscow, Russia, December 22, 2022. Sergey Guneev | Sputnik | ReutersPoland's president, Andrzej Duda, has slammed his Russian counterpart, saying Vladimir Putin is behaving like a colonialist. "Vladimir Putin wants to enslave Ukraine, he wants to expand his regime across the Ukrainian territory, [to] take away Ukrainians' freedom. Polish President Andrzej Duda and Ukrainian President Volodymyr Zelensky shake hands and hug during their press conference on August 23, 2022 in Kyiv, Ukraine. Or do we think that the free world can progress and every country has the right to self-determine?"
☆ Top business leaders discuss financial innovation at the World Economic Forum
  + stars: | 2023-01-17 | by ( Cnbc.Com Staff | ) www.cnbc.com   time to read: 1 min
[The stream is slated to start at 2:30 a.m. Please refresh the page if you do not see a player above at that time.] Moderated by CNBC's Steve Sedgwick, top business leaders discuss at Davos, Switzerland, how financial actors respond to ongoing disruptions while keeping pace with technological advancement. Joining CNBC is Ronald P. O'Hanley, the chairman and chief executive officer at State Street Corporation, Lynn Martin, president of NYSE Group Inc., Dan Schulman, the president and chief executive officer at PayPal, Mark Suzman, the chief executive officer of the Bill & Melinda Gates Foundation and Mohammed Al-Jadaan, the minister of finance for Saudi Arabia. Subscribe to CNBC on YouTube.
☆ Watch CNBC's full interview with Andrzej Duda, president of Poland
  + stars: | 2023-01-17 | 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 Andrzej Duda, president of PolandPresident of Poland Andrzej Duda speaks to CNBC's Steve Sedgwick at Davos 2023.
☆ Europe can learn from Biden's Inflation Reduction Act, Spain's PM says
  + stars: | 2023-01-16 | 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 EmailEurope can learn from Biden's Inflation Reduction Act, Spain's PM saysWatch the full interview of Spanish Prime Minister Pedro Sanchez speaking to CNBC's Karen Tso and Steve Sedgwick in Davos, Switzerland.
☆ 'So much opportunity but so much risk': Navigating 2023 after a brutal year
  + stars: | 2023-01-03 | 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'So much opportunity but so much risk': Navigating 2023 after a brutal yearThere were few places to hide amid volatility and sell-offs in 2022 — but investors are now looking at a clean slate. CNBC's Steve Sedgwick and Geoff Cutmore assess the damage done and what's to come.
☆ The market doesn't like the combination of top-down data and bottom-up data
  + stars: | 2022-12-06 | 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 EmailThe market doesn't like the combination of top-down data and bottom-up dataCNBC's Steve Sedgwick says top-down data is "fairly strong," while bottom-up data "actually tells the truth about what's happening in the economy."
☆ Biden's Inflation Reduction Act makes green hydrogen profitable at scale, Goldman Sachs says
  + stars: | 2022-11-30 | by ( Anmar Frangoul | ) www.cnbc.com   time to read: +3 min
Angel Garcia | Bloomberg | Getty ImagesThe United States' Inflation Reduction Act represents a "turning point" when it comes to the economics of technologies such as renewables and hydrogen, according to Goldman Sachs . "The exception — and I think this is where there could be green shoot[s] — is the Inflation Reduction Act in the U.S.," he added. "It finally makes technologies like green hydrogen, local green battery production [and] carbon capture, profitable in large scale," he added. If the electricity used in this process comes from a renewable source such as wind or solar then some call it "green" or "renewable" hydrogen. The vast majority of hydrogen generation is still based on fossil fuels, but there is a huge amount of interest in the role green hydrogen could play going forward.
☆ Lindsey Graham says Trump will be 'hard to beat' — but stops short of fully endorsing Trump's 2024 presidential run
  + stars: | 2022-11-16 | by ( Cheryl Teh | ) www.businessinsider.com   time to read: +3 min
This was after he told reporters on Tuesday that he did not think Trump should announce his run now. In two tweets after Trump's 2024 campaign announcement speech at Mar-a-Lago, Graham lauded Trump for offering "solutions" to "restore a broken America." "If President Trump continues this tone and delivers this message on a consistent basis, he will be hard to beat," Graham wrote. On Tuesday, Gaetz tweeted the words "Trump 2024" along with a photo of him and the former president. "I'm literally telling you what I tell him," Graham told CNBC's Steve Sedgwick in September.
☆ Ex-Obama advisor says global events are overshadowing climate change efforts: 'We are not acting swiftly enough'
  + stars: | 2022-11-08 | by ( Anmar Frangoul | ) www.cnbc.com   time to read: +1 min
COP27, which is being held in Sharm el-Sheikh, Egypt, is taking place at a time of significant global volatility. During her interview with CNBC, it was put to Hill that climate change often slipped down the pecking order compared to other global challenges and events. "Climate change has suffered from the problem that I learned in the White House," she said. "When I worked in the White House, [it] quickly became apparent that the urgent would overtake the important," she added. "Of course, climate change is now urgent."
☆ Energy sector needs firms with mentality of Tesla and Amazon to move forward, CEO says
  + stars: | 2022-11-01 | by ( Anmar Frangoul | ) www.cnbc.com   time to read: +1 min
The energy sector requires new companies with the mentality of a Tesla or Amazon to push forward in the years ahead, according to the ex-CEO of energy infrastructure powerhouse Snam . "It took a Tesla to disrupt ... the car manufacturing sector, it took an Amazon to disrupt the retail market, and I think it's going to take new companies to disrupt the energy sector," Marco Alvera, who is now the CEO of Tree Energy Solutions, a firm looking to develop projects that use green hydrogen, said. Alvera, who was speaking to CNBC's Steve Sedgwick during a recent interview, went on to emphasize the importance of companies adopting an approach centered around dynamism. "The time it takes Amazon to build one of their warehouses — there's no way a conventional company can do that," he went on to state. "This is about taking some of the West Coast mentality, some of the Tesla mentality, some of the, you know, 'we can do it and we can do it quickly' attitude and delivering faster than a conventional approach would be able to deliver," he said.
☆ Italy is on track to electing the most right-wing government since Mussolini
  + stars: | 2022-09-26 | 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 EmailItaly is on track to electing the most right-wing government since MussoliniItalians are on course to electing the country’s first female prime minister and the first government led by the far-right since the end of World War II. CNBC’s Steve Sedgwick reports live from Italy.
☆ The far-right is expected to win Italy's election in Rome's biggest political shift for decades
  + stars: | 2022-09-22 | by ( Holly Ellyatt | ) www.cnbc.com   time to read: +7 min
The Brothers of Italy party stands out from the crowd and is expected to gain the largest share of the vote for a single party. Giorgia Meloni, leader of the right-wing party Fratelli d'Italia (Brothers of Italy) holds a giant Italian national flag during a political rally on February 24, 2018 in Milan, Italy. The snap election follows the resignation of Prime Minister Mario Draghi in July, after he failed to unite a fractious political coalition behind his economic policies. An election win by Fratelli d'Italia could see the party's leader, Giorgia Meloni, become Italy's first female prime minister. Fratelli d'Italia has been pro-NATO and pro-Ukraine and supports sanctions against Russia, unlike Lega which is ambivalent about those measures.
☆ Queen Elizabeth II's funeral closes with 'God Save the King'
  + stars: | 2022-09-19 | by ( Steve Sedgwick | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailQueen Elizabeth II's funeral closes with 'God Save the King'CNBC's Steve Sedgwick joins 'Squawk Box' to report the latest from Queen Elizabeth II' funeral at Westminster Abbey.
☆ World leaders arrive in London for the state funeral of Queen Elizabeth II
  + stars: | 2022-09-19 | 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 EmailWorld leaders arrive in London for the state funeral of Queen Elizabeth IIWorld leaders arrive in London for the state funeral of Queen Elizabeth II. CNBC's Steve Sedgwick reports.
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