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☆ Layoffs could be coming to Morgan Stanley's wealth management business at a critical time
▼ + stars: | 2024-02-15 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Layoffs could be coming to Morgan Stanley's crucial wealth management business — a prudent step to improving the bank's overall cost structure amid uncertainty over Federal Reserve interest rate moves. During his tenure at the helm, Gorman pivoted Morgan Stanley to rely less on investment banking by building up wealth management, which has a more predictable revenue stream. MS YTD mountain Morgan Stanley (MS) year-to-date performance Possible layoffs in wealth management are important because it's Morgan Stanley's largest operating segment — making up roughly half of companywide revenue. "Morgan Stanley's paying you to wait with that 4% yield, and they're right in there buying with you thanks to their aggressive buyback." Ted Pick, CEO Morgan Stanley, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024.

Persons: Morgan Stanley's, Morgan Stanley, Ted Pick, CNBC's, James Gorman, Jan, Gorman, it's Morgan, Pick, Jim Cramer, Jim Cramer's, Jim, Adam Galici Organizations: Wall Street, Silicon Valley Bank, Currency, CNBC Locations: Silicon, management's, U.S, Wells Fargo, Davos, Switzerland

☆ Coca-Cola CEO says inflation is moderating in most markets after higher prices boost revenue
▼ + stars: | 2024-02-13 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

James Quincey, CEO of Coca-Cola Co., speaking on "Squawk Box" at the WEF in Davos, Switzerland, on Jan. 18, 2023. Inflation is moderating in most markets, after a stretch in which the beverage maker relied on price hikes to drive higher revenue, Coca-Cola CEO James Quincey said Tuesday. But Coke's price hikes have slowed from the last two years' double-digit increases. Coke's overall prices were up 9% in the fourth quarter, but Quincey said that came from hyperinflation in markets such as Argentina. In the majority of Coke's markets, shoppers were only paying about 3.5% more for their drinks than they were a year earlier.

Persons: James Quincey, Coke, Wall, Quincey Organizations: U.S . Department of Labor, Coke, Consumers, U.S, CNBC PRO Locations: Davos, Switzerland, Argentina, U.S, Europe

☆ Microsoft's AI growth is helping its cloud business weaken Amazon's lead
▼ + stars: | 2024-02-12 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Microsoft CEO Satya Nadella appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. While Microsoft doesn't disclose revenue figures for its Azure cloud infrastructure, analyst figures suggest that five years ago it was half as big as AWS. In total, revenue at Azure increased 30% in the quarter, compared with 13% year-over-year growth at AWS. Microsoft has been adding graphics processing units (GPUs) to its data centers so that clients can run AI models in Azure. "We now have 53,000 Azure AI customers," CEO Satya Nadella told analysts on the company's earnings call.

Persons: Satya Nadella, Amy Hood, Microsoft's, OpenAI's ChatGPT, Jamin Ball, Andy Jassy Organizations: Economic, Amazon, Services, Microsoft, OpenAI, GPT, AWS Locations: Davos, Switzerland, Anthropic

U.S. Sen. Chris Coons and German Chancellor Olaf Scholz were seeing double when they met in Washington, D.C., this week and went on social media to share their mirror image with the world. Scholz met with President Joe Biden as well as members of Congress, where he and Coons posed for the lighthearted image shared on their respective accounts on X, formerly Twitter. Scholz was in Washington to emphasize the stakes of the Ukraine conflict for the U.S., Europe and others. Russian President Vladimir Putin earlier this week repeated his claim that the February 2022 invasion was intended to protect his nation’s interests. “Without the support of United States, and without the support of the European states, Ukraine will have not a chance to defend its own country,” Scholz said.

Persons: Sen, Chris Coons, Olaf Scholz, Coons, Scholz, Joe Biden, ” Coons, ”, —, ” Scholz, Vladimir Putin Organizations: Washington , D.C, Delaware Democrat, Ukraine, Economic Locations: Washington ,, Russia, Davos, Switzerland, Washington, Ukraine, Europe, Russian, United States

☆ El-Erian, Krugman and other economists have very different opinions on China’s struggling economy
▼ + stars: | 2024-02-09 | by ( Zahra Tayeb | ) www.cnbc.com time to read: +4 min

Chinese leader Xi Jinping said on New Year's Eve that the nation's economy had grown "more resilient and dynamic this year." Meanwhile, famed hedge fund manager and founder of Dallas-based Hayman Capital Kyle Bass said the country's heavily indebted property market has triggered a wave of defaults among public developers. That's a problem, given China's real estate market can account for as much as a fifth of the nation's GDP. "This is just like the U.S. financial crisis on steroids," Bass said, referring to China's default-ridden property market. The Institute of International Finance said Beijing has the policy capacity to push China's economy toward its growth potential and stuck to its above consensus forecast for 2024 growth at 5%, in a recent blog post.

Persons: Eswar Prasad, Mohamed El, Xi Jinping, there's, Paul Krugman, Krugman, Kristalina Georgieva, Hayman, Hayman Capital Kyle Bass, Bass, isn't Organizations: Future Publishing, CSI, China's National Bureau, Statistics, Allianz, International Monetary Fund, Nikkei, New York Times, Monetary Fund, Economic, IMF, Dallas, Hayman Capital, of International Finance Locations: Jiangsu, China, Nikkei Asia, U.S, Europe, tatters, Davos, Beijing

☆ From million-dollar private boxes to carpooling on private jets, here's how billionaires are doing the Super Bowl
▼ + stars: | 2024-02-09 | by ( Madeline Berg | ) www.businessinsider.com time to read: +6 min

The Super Bowl has always been a draw for billionaires and powerful executives. Elon Musk and Rupert Murdoch at the Super Bowl on Sunday. For an extra $10,000 to $250,000, Carrega arranges in-suite meet-and-greets, pre-game huddles, and photo ops with former Super Bowl champions or commentators. Kevin Mazur/Getty ImagesWhen it comes to accommodations, Vegas is proving easier than many other Super Bowl destinations, Brown said. Charter service VistaJet , whose private flights cost between $14,000 and $25,000 an hour, recorded a 25% increase in flight bookings over last year’s Super Bowl.

Persons: —, Taylor Swift, Hunt, Denise York, Elon Musk, Rupert Murdoch, ’ Michael Rubin's, Josh Harris, Robert Kraft, Goldman Sachs, David Solomon, Caitlin O’Hara, ” Elisabeth Brown, Barnabas Carrega, they're, Brown, “ Price, ” Carrega, Carrega, ” Brown, ” She’s, Savage, Kevin Mazur, Wynn, Leona Qi, you’re, ” Qi, “, ” Organizations: Service, Business, Chiefs, 49ers, Forbes, Patriots, Reuters, “, Knightsbridge, Super, Vegas, Davos Locations: Las Vegas, Sin City, Las, Tampa , Florida, Vegas, “

☆ 'Stability is fragile': An overlooked European conflict zone is at a tipping point between peace and combat
▼ + stars: | 2024-02-08 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

The clash broke out in the village when a group of armed Serbs blocked a bridge with two trucks. A shootout erupted after the group opened fire on police, leaving one police officer dead and another injured. Relations between Serbia and Kosovo, which have been fraught since the pair's brutal conflict in the 1990s, remain delicate one year on from a tentative agreement on a new path to normalization. We cannot take peace and stability for granted," Miroslav Lajčák, EU special representative for the Belgrade-Pristina dialogue and Western Balkans, told CNBC in Davos, Switzerland last month. The Belgrade-Pristina dialogue is a series of talks facilitated by the European Union designed to ease hostilities between the neighboring southeastern European countries.

Persons: Milan Radoicic, Vudi Xhymshiti, Miroslav Lajčák Organizations: Kosovo Police, Kosovo Serb, Milan, Anadolu Agency, Getty Images, Belgrade, CNBC, European Union Locations: Banjska, Zvecan, Kosovo, Davos, SWITZERLAND, Russia, Ukraine, EU, Serbia, Pristina, Balkans, Switzerland, Belgrade, Serbs

☆ AI researcher Joy Buolamwini cautions that if AI systems fail people of color, they fail humanity
▼ + stars: | 2024-02-08 | by ( Monica Melton | ) www.businessinsider.com time to read: +17 min

We’re growing some teeth as to what can be done with AI, but we also see where there’s progress, there’s attack. One of the things I like to point out with AI systems is that if your AI systems fail on people of color, you don’t have a robust system. If your AI doesn’t work on the global majority, if your AI doesn’t work for women, if your AI doesn’t work for people with disabilities, once you start expanding all of the areas we’re talking about, it comes to your AI doesn’t work for humanity. To me, that’s a proactive approach of saying, how do we build consumer AI technology in a way that’s more ethical? I was talking to Sam Altman about the climate impact of AI, especially these large language models and generative AI systems.

Persons: Joe Biden, Joy Buolamwini, Buolamwini, It’s, ”, we’ve, it’s, I’ve, there’s, We’ve, you’re, aren’t, Simone Biles, Biden, Sam Altman, Olay, we’re, There’s, We’re, that’s Organizations: Service, League, Business, Federal Trade Commission, Procter, Gamble, Big Tech Locations: Davos

☆ Joy Buolamwini's 'Unmasking AI' unearths the bias in AI technologies and aims to hold Big Tech to account
▼ + stars: | 2024-02-07 | by ( Monica Melton | ) www.businessinsider.com time to read: +6 min

Business Insider reviewed "Unmasking AI: My Mission to Protect What Is Human in a World of Machines." Readers come away understanding AI, how it can perpetuate bias, and what we can do about it. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Buolamwini especially documents the coded gaze applied to facial recognition AI technologies, which serve as the subject for much of Buolamwini's research. There, 90% of tenants were people of color, mostly women and older adults — all groups that facial recognition has been scientifically proven to be less accurate on.

Persons: Joy Buolamwini, —, Buolamwini, flexes, Joe Biden, it's, Buolamwini's, Simone Biles, Let's Organizations: Service, MIT, Business, Georgia Tech, Economic, National Institute of Standards, Technology Locations: Mississippi, Ghanaian, Brooklyn, Davos

☆ Palantir shares rocket 25% after revenue beat, strong demand for AI
▼ + stars: | 2024-02-06 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +1 min

The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland Januar 22, 2020. Shares of Palantir popped more than 25% Tuesday, a day after the company released fourth-quarter earnings that surpassed analysts' expectations for revenue and showed strong demand for its artificial intelligence offerings. Palantir said it expects to report between $612 million and $616 million in revenue during its first quarter, shy of the $617 million analysts were anticipating. In a letter to shareholders, CEO Alex Karp said demand for large language models in the U.S. "continues to be unrelenting." Analysts at Citi upgraded Palantir shares to neutral from sell and raised their target price from $10 to $20.

Persons: Palantir, Alex Karp, Karp Organizations: Palantir Technologies, U.S ., Wall, AIP, Citi, Government Locations: Davos, Switzerland, U.S

☆ Meta Calls for Industry Effort to Label A.I.-Generated Content
▼ + stars: | 2024-02-06 | by ( Mike Isaac | ) www.nytimes.com time to read: +1 min

Last month at the World Economic Forum in Davos, Switzerland, Nick Clegg, president of global affairs at Meta, called a nascent effort to detect artificially generated content “the most urgent task” facing the tech industry today. On Tuesday, Mr. Clegg proposed a solution. Meta said it would promote technological standards that companies across the industry could use to recognize markers in photo, video and audio material that would signal that the content was generated using artificial intelligence. The standards could allow social media companies to quickly identify content generated with A.I. “While this is not a perfect answer, we did not want to let perfect be the enemy of the good,” Mr. Clegg said in an interview.

Persons: Nick Clegg, Clegg, Meta, Mr Organizations: Economic, Meta, Google, Microsoft, Adobe Locations: Davos, Switzerland

☆ Russia's war in Ukraine has had an unlikely consequence — it has revived the EU's plans to get even bigger
▼ + stars: | 2024-02-05 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

People hold a banner and Ukrainian flags during a rally to mark the one-year anniversary of Russia's invasion of Ukraine on February 24, 2023 in Belgrade, Serbia. As part of the Western Balkans block waiting for EU-membership, Serbia is caught in a geostrategic rivalry between its Western allies and Russia. Davos, SWITZERLAND — As spiking geopolitical tensions thrust the European Union into the spotlight, attention has turned to the strategically important Western Balkans. The Western Balkans, comprised of Albania, Bosnia and Herzegovina, North Macedonia, Montenegro, Kosovo and Serbia, represent a notable gap in the map of EU membership in southeastern Europe. "I see the European Union more ready for the Balkans than the Balkans for the European Union," Miroslav Lajčák, EU Special Representative for the Belgrade-Pristina Dialogue and Western Balkans, told CNBC last month.

Persons: —, Miroslav Lajčák, Lajčák Organizations: EU, Union, European Union, Belgrade, Pristina, CNBC Locations: Ukraine, Belgrade, Serbia, Balkans, Russia, Davos, SWITZERLAND, Albania, Bosnia, Herzegovina, North Macedonia, Montenegro, Kosovo, Europe, Yugoslavia, European, Western Balkans

☆ L'Oreal tells workers to come to the office on Fridays twice a month
▼ + stars: | 2024-02-05 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

L'Oreal wants staff globally to work in the office on Fridays at least twice a month. The beauty company currently requires employees to work in the office three days a week. AdvertisementCosmetics giant L'Oreal has told employees to come to the office at least two Fridays a month to tackle diminishing attendance at the end of the week, The Times reported Sunday . L'Oreal employees are currently expected to be in the office three days a week. The company's CEO Nicolas Hieronimus recently reaffirmed the company's firm stance on in-person working while speaking at the World Economic Forum in Davos last month.

Persons: —, Rinderknech, Nicolas Hieronimus Organizations: L'Oreal, Service, Times, Business, Economic, LinkedIn Locations: Davos

☆ AI was the talk of Davos. Here's what marketers need to know
▼ + stars: | 2024-02-05 | by ( Jill Kramer | ) www.businessinsider.com time to read: +5 min

Generative AI was the hot topic at the 2024 World Economic Forum in Davos, Switzerland. In 2024, the dominant conversation across all types of attendees was the impact and future of generative AI: specifically how to responsibly, creatively, and effectively use it across the organization. Generative AI requires a fundamentally different enterprise architecture. Take intentional actions to design, deploy, and use generative AI to drive value while protecting from risks, helping you close the gap on responsible AI. Generative AI will let marketers drive continuous reinvention and become even more critical to the business.

Persons: Jill Kramer, —, Adena Friedman Organizations: Accenture, Service, Economic, Nasdaq, Accenture's Locations: Davos, Switzerland, activations, they're

☆ India's moment has arrived — but many hurdles remain
▼ + stars: | 2024-02-04 | by ( Spriha Srivastava | Polly Thompson | ) www.businessinsider.com time to read: +8 min

India's economy is expected to expand by 6.5% this year, according to IMF forecasts. The world's most populous nation was keen to talk up its prospects at the World Economic Forum in Davos. Advertisement"India has seized the moment," proclaimed housing minister Hardeep Singh Puri with confidence during a panel at the World Economic Forum in Davos last month. The 10-strong group of emerging market nations now accounts for 45% of the world's population and 28% of global GDP. AdvertisementSome economists have criticized the government's narrative as a "false growth story," highlighting discrepancies in the data and criticizing the methods used to calculate economic growth.

Persons: —, Hardeep Singh, Smriti Irani, BI's Spriha Srivastava, that's, Narendra Modi's, Cash, Modi, SAJJAD HUSSAIN, I've, Andy Baldwin, EY, Narendra Modi, Brazil's Luiz Inácio Lula da Silva, Dan Kitwood, Getty, ISRO Goldman Sachs, Ashoka Mody, Rajesh Kumar Singh, Vladimir Putin, Singh Organizations: Economic, Service, BI, IMF, Business, Apple, ISRO, Princeton University, World Bank, US, of, Hindustan Times, Harvard Business Locations: Davos, India, China, Japan, Brazil, China India, India's, Ukraine

☆ Israeli held hostage by Hamas describes bleak conditions in their tunnels: one shower a week and constant hunger
▼ + stars: | 2024-02-03 | by ( Thibault Spirlet | Spriha Srivastava | ) www.businessinsider.com time to read: +3 min

A freed Israeli hostage held in Hamas tunnels described her 55-day captivity to Business Insider. "I know for a fact that it's getting worse and worse and worse every day," she said of those left. AdvertisementAn Israeli hostage held underground by Hamas said the conditions in the tunnels were so bad that she would always be hungry and got to shower only once a week, with cold water. Nili Margalit, 41, was taken hostage during Hamas' October 7 terrorist attacks on Israel. ReutersRelatives of the hostages have held protests, calling on Israeli authorities to do more to release their loved ones.

Persons: Nili Margalit, —, Margalit, Insider's Spriha Srivastava, Noam Peri, Haim Peri, Peri, Benyamin Netanyahu Organizations: Service, Reuters, Economic, Jerusalem Post Locations: Israel, Davos, Switzerland, Jerusalem

☆ The AI trust gap that is worrying both workers and executives
▼ + stars: | 2024-02-03 | by ( Kevin Williams | ) www.cnbc.com time to read: +2 min

While both rank-and-file workers and the C-suite see AI as a great opportunity for business transformation, both sides are skeptical over its deployment. McRae said many employers have anxiety over AI and pass that on to their employees. Employers, McRae said, need to better educate themselves about the opportunities and benefits of AI. McRae said that employers are often uncertain about where or how to deploy AI, leading to some trepidation. Once they see how AI can increase productivity and create new opportunities, they'll spread their enthusiasm for AI to employees.

Persons: aren't, Emily Rose McRae, McRae Organizations: Artificial Intelligence, Economic, Gartner, Employers, Employees Locations: Davos, Switzerland

☆ Dubai is the economic jewel of the Middle East — now its Gulf neighbors are coming for a piece of the pie
▼ + stars: | 2024-02-03 | by ( Pete Syme | Beatrice Nolan | ) www.businessinsider.com time to read: +8 min

According to Forbes' 2023 Travel Guide, Dubai has nine 5-star hotels , compared to Abu Dhabi's three and two in Qatar and Saudi Arabia. Saudi Arabia has made it clear that it wants in on international travel, stating it aims to attract 100-150 million visitors by 2030. Saudi Arabia is catching up with a new airlineThe competition is perhaps the most heated in the aviation industry. On its double-decker Airbus A380, Dubai's airline, Emirates, has top amenities like a shower for business-class passengers, plus an on-board bar. AdvertisementAnd even if it succeeds in attracting tourists to Saudi Arabia, it is unlikely to knock Emirates off its perch.

Persons: —, Saudi Crown Prince Mohammed bin Salman Al Saud, Saudi Arabia hasn't, Abu, Abu Dhabi, Forbes, Abu Dhabi's, Faisal Alibrahim, Alibrahim, Mohammed Bin Salman, Kristian Coates Ulrichsen, Ulrichsen, Skytrax, Pete Syme, Tony Douglas, Douglas, That's, OAG Organizations: Service, United Arab Emirates, Business, Saudi Crown, Etihad, Bloomberg, CNN, Saudi, Economic, Rice, Baker Institute for Public Policy, Emirates, Qatar Airways, Qatari, Etihad Airways, Riyadh Air, Air, Riyadh Air's Boeing, Boeing, Dubai International Airport Locations: Dubai, Gulf, Saudi, Saudi Arabia, Riyadh, Abu, UAE, Qatar, Davos, Neom, Emirates, Still, Kingdom of Saudi Arabia, Europe, Americas, Africa, Asia

☆ UK Opposition Labour Party Pledge Productivity Fix in Latest Pitch to Business
▼ + stars: | 2024-01-31 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

LONDON (Reuters) - Britain's opposition Labour Party will pledge to fix Britain's stagnating productivity at a conference for businesses on Thursday, its latest charm offensive to companies and investors ahead of a national election expected this year. Keir Starmer, leader of the left-leaning party, will tell assembled executives that Labour will "get under the bonnet to fix an unprecedented stagnation in British productivity growth." "The depth of the changes we've made to transform the Labour Party's relationship with business is something I take immense pride in," he will say, according to extracts released by the party. Ahead of the conference, the party's finance policy chief Rachel Reeves said that Labour would champion Britain's financial sector and not bring in a new cap on bankers' bonuses. Labour also wants closer economic ties with the European Union, including deeper co-operation with the bloc on financial services.

Persons: Keir Starmer, Rishi Sunak's, Rachel Reeves, Alistair Smout Organizations: Labour Party, Labour, Economic, Conservative, Business, Growth, European Union Locations: Davos

☆ 'The Davos underground': A final take on the secretive parties of the world's rich and powerful
▼ + stars: | 2024-01-31 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +23 min

"That's when you get the good s---," said a Davos attendee who is regularly selected to join the exclusive backroom of the Annual Davos Wine Forum Tasting. Zoom In Icon Arrows pointing outwards JPMorgan took over the Kirchner Museum for its annual drinks event. Zoom In Icon Arrows pointing outwards The attire of the Davos set is decidedly not chic. Zoom In Icon Arrows pointing outwards The color of your conference badge determined access to World Economic Forum events. Zoom In Icon Arrows pointing outwards Skiing and snowboarding post panels and broadcasting was another favorite pastime of some Davos goers.

Persons: bankrolled, Vladimir Putin's, Putin, George Soros, Bill Browder, Anthony Scaramucci, Anthony, Scaramucci, queued, Latour, Donald Trump, —, Mark Milley, Matt Damon, Richard Branson, Andrea Bocelli, Chris Coons, Paul Ryan, bartenders, Champagne Perrier, Chateau Latour, L'Eglise, Burgundy Olivier Bernstein Bonnes, Domaine Comte Georges de Vogue, Tenuta, Casanova di Neri, Stephen King, Browder, Doug Emhoff, Gary Cohn, Ian Bremmer, Sir Martin Sorrell, Sting, Bill Gates, Sam Altman, Marc Benioff, Ray Dalio, Emhoff, Ernst Ludwig Kirchner, Brian Moynihan, IBM's Gary Cohn, Jack Hidary, Sir Richard Moore, Barry Colson, Davos goer, Moritz, Eve, CNBCers, Emmanuel Macron, John Kerry, Joe Short, roundtables, Wyclef Jean, Diane von Fürstenberg, George Osborne, David Rhodes, Osborne, Politico's Suzanne Lynch, Princess Beatrice, David Blaine, Milley —, Tij, CNBC Tij Organizations: Economic, CNBC, Congress Center, Russian, Russian Direct Investment Fund, Moonshot Investor Network, Putin, Hermitage Capital, SkyBridge, White House Communications, Chiefs, Bordeaux Smith Haut, Platz, Politico, IBM, AB InBev, White, Trump, Eurasia Group, Capital, Microsoft, Wall Street, Billionaire Microsoft, Light, Infosys, Bloomberg House, JPMorgan, Kirchner Museum, Financial, Hotel, CNBC CNBC, Bank of America, New, Davos, U.S . Climate, Accenture, Golf Club Davos, Palantir, Chancellor, Sky News's, Sting, Workers, Swiss Army, Army, Gliding Locations: Davos, Switzerland, Soviet, Ukraine, Moscow, Hungarian, Hermitage, Providence, Europe, Davos's, Bordeaux, Bordeaux Smith Haut Lafitte, Bello, Santa Cruz, Napa Valley Tuscany, Schatzalp, Scalettastrasse, Emirates, Halifax, Canada, Salt Lake City, U.S, Palantir, Swiss

☆ State Dept Says US Actively Pursuing the Creation of a Palestinian State
▼ + stars: | 2024-01-31 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +3 min

By Simon Lewis and Humeyra PamukWASHINGTON (Reuters) - The United States is actively pursuing the establishment of an independent Palestinian state with security guarantees for Israel and exploring options with partners in the region, the State Department spokesperson said on Wednesday. "We are actively pursuing the establishment as an independent Palestinian state, with real security guarantees for Israel, because we do believe that is the best way to bring about lasting peace and security for Israel, for Palestinians and for the region," Miller said. War in Israel and Gaza View All 194 ImagesAxios reported earlier on Wednesday that U.S. Secretary of State Antony Blinken had asked the State Department to conduct a review and present policy options on possible U.S. and international recognition of a Palestinian state after the war in Gaza. British Foreign Secretary David Cameron also told a group of UK lawmakers that the UK government and its allies "will look at the issue of recognizing a Palestinian state, including at the United Nations," the BBC reported on Tuesday. Israeli Prime Minister Benjamin Netanyahu is at odds with the Biden administration over the creation of an independent Palestinian state, saying at the weekend that he would not compromise on "full Israeli security control of all territory west of the Jordan River".

Persons: Simon Lewis, Humeyra Pamuk, Matthew Miller, Joe Biden's, Miller, Antony Blinken, David Cameron, . Washington, Blinken, Benjamin Netanyahu, Biden, Daniel Wallis Organizations: Israel, State Department, United, United Nations, BBC, U.S Locations: Humeyra Pamuk WASHINGTON, United States, Israel, Gaza, Palestinian, Gaza . British, ., Saudi Arabia, Saudi, Davos, Israeli

☆ ’50 shades of green’: UN’s Usher highlights financing challenge for companies still in green transition
▼ + stars: | 2024-01-31 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +2 min

But the real challenge is everything in between — some would say the '50 shades of green'," Usher said during a "IOT: Powering the Digital Economy" panel moderated by CNBC's Steve Sedgwick at this year's World Economic Forum in Davos, Switzerland. This refers to companies still working toward making their businesses more sustainable, making them more difficult to label as truly green investments, according to Usher. watch now"If you're going to work in helping deal with heavy emitting sectors and you're going to put more capital in to help them reduce [emissions], that's going to increase your emissions profile," he explained. "So there's a lot of definitional stuff that's needed before the capital is going to flow really at scale," Usher added. More and more businesses strived to make their businesses more sustainable amid severe weather events across the globe.

Persons: Mark Kerrison, Eric Usher, Usher, Steve Sedgwick, hasn't Organizations: United Nations Environment, Finance Initiative, Economic, UNEP FI Locations: London, United Kingdom, —, Davos, Switzerland, U.S, Europe

☆ The Billionaire's Social Calendar That Spans the Globe
▼ + stars: | 2024-01-30 | by ( Sarah Andersen | Tamara Lindstrom | ) www.businessinsider.com time to read: 1 min

From Davos to Burning Man, these 12 events highlight the social calendars of billionaires — and getting on the list is not cheap. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?

Persons: — Organizations: Burning, Business Locations: Davos

WASHINGTON (AP) — President Joe Biden has made it clear the U.S. will strike back after a deadly drone attack killed three service members and wounded more than 40 at a small base in Jordan over the weekend. On Tuesday, Biden bluntly said “yes” when asked if he'd decided how to respond to the attack. Target options range from inside Iran, including on the Islamic Revolutionary Guard Corps' Quds Force, to Iranian ships at sea and Tehran-backed militia groups and key militant leaders in Iraq and Syria. HIT MILITIA GROUPS AGAINThe most likely move would be to hit Iran-backed militias in Iraq and Syria again. Hawkish Congress members said Biden should directly target Tehran for the deadly attack on the base in Jordan.

Persons: Joe Biden, Biden, he'd, “ That’s, ”, John Kirby, ” Biden, Quds, Gen, Qassem, Asad, Avi Melamed, ” Melamed, Jordan, Pat Ryder, Mohammed Shia, Sudani, Sen, Lindsay Graham, Sara Jacobs, Bradley Bowman, Jim Risch, —, Farnoush Amiri, Mike Pesoli, Joshua Boak, Sagar Meghani, Kevin Freking, Abby Sewell Organizations: WASHINGTON, Islamic Revolutionary Guard Corps, Quds Force, National Security, Force, U.S, Embassy, Middle, HIT, Pentagon, CONGRESSIONAL, HOW, Foundation for Defense of Democracies, Republican, Senate Foreign Relations, Associated Press Locations: U.S, Jordan, Iran, Gaza, Tehran, Iraq, Syria, IRAN, Baghdad, Iranian, Hill, Davos, Washington, Beirut

☆ OpenAI is working on AI education and safety initiative with Common Sense media
▼ + stars: | 2024-01-29 | by ( Jonathan Vanian | In | ) www.cnbc.com time to read: +3 min

OpenAI said Monday that it's partnering with Common Sense Media on an initiative designed to help teens understand how to use artificial intelligence in a safe manner. Common Sense, a nonprofit focused on making technology safe and accessible to kids, has been working to develop an AI ratings and review system intended for parents, children and educators to better understand the technology's risks and benefits. In September, Craig Newmark Philanthropies, the Craigslist founder's philanthropic arm, said it contributed $3 million to help fund a Common Sense artificial intelligence and education initiative. OpenAI and Common Sense didn't say how LLMs will be tweaked to help aid educators or teens. Altman said LLMs customized for educational purposes could help teens "who want to learn about science or learn about biology."

Persons: Sam Altman, OpenAI, Jim Steyer, Altman, Craig Newmark Philanthropies, Newmark Organizations: Economic, Media, Craigslist, CNBC, Microsoft Locations: Davos, Switzerland, San Francisco

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