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In today's big story, we're looking at what a hotter-than-expected inflation report means for markets and the econom y . That silver lining doesn’t address the elephant in the room: What does the latest CPI data mean for interest rates? AdvertisementMadison Hoff/Noah Sheidlower/Business InsiderThe hot inflation report comes just a few weeks after some industry experts felt the market was in a perfect position. Stubbornly elevated inflation means Powell might be less willing to cut rates and risk further fueling inflation. It’s particularly painful for smaller companies, which tend to carry floating-rate debt more susceptible to elevated interest rates.
Persons: , Angela Weiss, Insider’s Madison Hoff, BI’s Aruni Soni, Madison Hoff, Noah Sheidlower, we’ve, Jerome Powell, Powell, Jim Zelter, BI’s Yuheng Zhan, Alyssa Powell, Peter Thiel, bitcoin, Noah Berger Sam Altman’s, Jensen Huang, Altman's, Mark Zuckerberg, Jeff Bezos, Bezos, Rob Dobi, doomsayers, Brace, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb, George Glover Organizations: Business, Service, Dow Jones, Bank of America, Apollo Global Management, Federal Reserve Bank of New, BlackRock, Strategic Investors Group, BI, Fund, Reuters, Apple Vision, BI Sky, Employees, Cisco Systems, Sony, McLaren Locations: Federal Reserve Bank of New York, Dubai, Miami, Washington, New York, London
Gen Zers and millennials are wary of layoffs — especially a recent wave hitting the tech sector. Job security, a pension, strong benefits, and student loan forgiveness. "People in private sector jobs are three times more likely to lose their jobs than people in federal government jobs," she said, adding that public sector workers can also expect to enjoy a "better work-life balance" with a lot more paid time off. It's no secret that Gen Z is looking to rethink their approach to work and careers. It may seem counterintuitive to want to work in the public sector, which typically has lower salaries than the private sector.
Persons: Gen Zers, , Uncle Sam, Bonnie Dilber, They're Organizations: Service, Meta, Google, CIA, Big Tech
Andrew Caballero-Reynolds | AFP | Getty ImagesIt's never been a better time to get rid of your student debt. Paul Morigi | Getty ImagesThe Biden administration has tried to reverse the trend of borrowers being excluded from the relief on technicalities. Some 790,000 public servants have gotten their debt erased as a result, amounting to more than $56 billion in relief. Total and Permanent Disability DischargeThe Biden administration has also forgiven the student debt of more than 510,000 disabled borrowers. Borrower defenseAnother 1.3 million borrowers have walked away from their debt over the past few years thanks to the Borrower Defense Loan Discharge.
Persons: Joe Biden, Andrew Caballero, Reynolds, Joe Biden's, James Clyburn, he's, George W, Bush, Paul Morigi, Biden, Kantrowitz Organizations: Air Force, Joint Base Andrews, AFP, Getty, Supreme, CNBC, U.S . Department of Education, Public, Consumer Financial, Studentaid.gov, of Education, Social Security Administration, Department of Veterans Affairs, Education Department Locations: Maryland
Read previewBrandon Tamayo considered leaving his current job for a role in the private sector on his way to work one morning. "My friends in the private sector told me 'You could double your pay.'" AdvertisementHe could likely make six figures in the private sector — and he remains intrigued by the option. According to the US Bureau of Labor Statistics, the median years of tenure for public sector jobs in 2022 was 6.8 years, about 2.7 years higher than private sector jobs. For Tamayo, this is the largest reason he stays in the public sector.
Persons: , Brandon Tamayo, Tomayo, Tamayo, he's, Christine Cruzvergara, Cruzvergara, Raven Blanchard, she's, Blanchard, hasn't, Joe Biden, they've, they're, Symoné Berry, Alexxus Harris, Harris, it's Organizations: Service, Indiana State University, Business, Google, US Bureau of Labor Statistics, ISC, EAP Locations: Illinois, Virginia, Germany, Asia
Photos You Should See View All 21 ImagesThe Conservative government has said it won't negotiate unless the union calls off the strike. “I ask the junior doctors’ committee to cancel their action and come back to the table to find a way forward for patients and our NHS." Britain has endured a year of rolling strikes across the health sector as staff sought pay rises to offset the soaring cost of living. If it goes ahead, the strike would be the junior doctors' last on the current mandate, which expires at the end of the month. “He bears responsibility for the canceled operations and appointments desperate patients will face once again,” said Wes Streeting, Labour's health spokesman.
Persons: Robert Laurenson, Vivek Trivedi, , Victoria Atkins, Rishi Sunak, , Wes Streeting Organizations: British Medical Association, Health Service, BMA, Conservative, NHS, Labour Party Locations: England, Britain
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
The consulting firm offers a variety of services for mostly residential projects, including architectural and interior design. In 2023, Juntero worked with about 60 clients and brought in $414,000 in revenue — all while Okwulehie maintained her full-time job at Port Authority. Last year, Okwulehie earned a roughly $126,000 salary from Port Authority and paid herself $37,500 from Juntero. Zach Green | CNBC Make ItIn 2017, she took on the role of architect at Port Authority, working her way up to senior architect in 2022. "I still see myself working at Port Authority full-time," she says.
Persons: Chisom Okwulehie, Ikenna, Okwulehie, Zach Green, John F, Juntero, Perkins Eastman, Harrison, Slack, it's Organizations: CNBC, Port Authority of New, Port Authority, Kennedy International, Nigerian, Columbia University, San Francisco Bay Area, San Francisco High School of, Arts, University of Southern, New, San Francisco Airport, Amazon Prime, federal Public Service Locations: Port Authority of New York, New Jersey, Cliffside Park , New Jersey, Port, New York, Harrison , New Jersey, Juntero, New York City, San Francisco Bay, Harrison, University of Southern California, China, Texas, Upper Nyack , New York, United States
BRUSSELS (AP) — European Union lawmakers called on Thursday for an independent investigation into allegations of vote-rigging in Serbia and demanded that EU funds be cut off if the authorities in Belgrade fail to cooperate with the inquiry or are found to be implicated in election irregularities. The governing Serbian Progressive party of populist Serbian President Aleksandar Vučić won the Dec. 17 parliamentary and municipal elections, securing 129 seats in the 250-seat assembly. The opposition Serbia Against Violence coalition finished a distant second with 65 seats. The resolution has angered Serbian Prime Minister Ana Brnabić. Vučić’s ties to Russian President Vladimir Putin and his failure to enforce EU sanctions on Moscow have dismayed many.
Persons: Aleksandar Vučić, watchdogs, , , Ana Brnabić, ” Brnabić, Vladimir Putin, ___ Dusan Stojanovic Organizations: , Union, Serbian Progressive, Serbian, Violence, Organization for Security, Cooperation, Parliamentary, of Europe, Serbia’s National Assembly Locations: BRUSSELS, Serbia, Belgrade, Europe, Strasbourg, France, Moscow
American multinational technology company Google logo seen at Googleplex, the corporate headquarters complex of Google and its parent company Alphabet Inc.SINGAPORE — Singapore has "very high" potential as a global AI hub — thanks in part to an environment that fosters innovation, a Google Cloud executive told CNBC. "In order for AI to really deliver on its potential, you need really good public and private partnerships," Caroline Yap, managing director, global AI business and applied engineering at Google Cloud, told CNBC. Yap was speaking on the sidelines of Explore AI summit in January, a meeting hosted by Google Cloud and the Singapore government to recognize the top generative AI solutions from organizations that took part in the "AI Trailblazers" initiative. That enables to build and test their own generative AI solutions in a controlled and dedicated cloud-based environment. Through the joint partnership, 43 organizations across government and industry sectors successfully built their own generative AI solutions utilizing Google's AI stack.
Persons: Caroline Yap, Yap Organizations: Google, Alphabet Inc, SINGAPORE —, CNBC, Singapore's Ministry of Communications, Digital Industry, Smart Nation and Digital Government Office Locations: Googleplex, SINGAPORE, SINGAPORE — Singapore, Singapore, Digital Industry Singapore, Yap
By Ali SawaftaRAMALLAH (Reuters) - The Palestinian Authority said on Tuesday it will pay public sector workers 60% of their December salaries this week as it grapples with the longrunning fallout of Israel's refusal to transfer tax funds earmarked for Gaza. Funding to the Palestinian Authority, the body which exercises limited governance in the occupied West Bank, has been severely restricted by the months-long dispute over transferring tax revenues Israel collects on behalf of the Palestinians. Although Gaza is controlled by Hamas, the Palestinian Authority continues to fund essential areas of the blockaded enclave's budget including paying the salaries of health workers. The dispute over the Palestinian Authority budget coincides with a separate dispute over funding to UNWRA, the United Nations agency which pays for emergency relief for Palestinians. Much of the UNWRA budget has been cut off since Israel accused 12 of the agency's 13,000 Gaza workers of involvement in the Oct. 7 attack.
Persons: Ali Sawafta, Mohammad Shtayyeh, Bezalel Smotrich, Smotrich, Shtayyeh, Antony Blinken, James Mackenzie, Christina Fincher Organizations: Palestinian Authority, West Bank, Palestinian, Israeli, Hamas, U.S, United Nations, Israel, International Court of Justice Locations: Ali Sawafta RAMALLAH, Gaza, Israel
To select the stocks of such companies that have attractive growth potential, investors can track the recommendations of Wall Street's experts. Here are three stocks favored by the Street's top analysts, according to TipRanks, a platform that ranks analysts based on their past performance. The company recently announced upbeat results for the fourth quarter of 2023 and raised its 2024 subscription revenue and operating margin guidance. "Overall, we believe that paid sharing and advertising would help re-accelerate subscriber and revenue growth while driving high-margin incremental revenue," said Mittal. The analyst also highlighted that while Netflix saw a sixth consecutive quarter of subscriber growth, rival Disney's (DIS) subscriber base has declined for three straight quarters.
Persons: Mike Blake, Wall, ServiceNow, Baird, Robert Oliver, ServiceNow's cRPO, Oliver, TipRanks, Sachin Mittal, Mittal, Bob Iger's, NFLX, Rivian Organizations: U.S, Federal Reserve, TAM, Netflix Locations: Los Angeles
New York CNN —The first jobs report for 2024, set to be released at 8:30 am ET Friday, is expected to underscore the strength of the US economy despite 11 rate hikes from the Federal Reserve. That can make the January jobs report among the trickiest to forecast, said Sarah House, a senior economist with Wells Fargo. Friday’s jobs report also will include the final annual benchmark review of payroll data for the 12 months that ended in March 2023. However, excluding January 2023, last month’s job cuts were the highest seen in January since 2009, according to Challenger. US worker productivity grew 3.2% in the fourth quarter, according to a BLS report released Thursday.
Persons: Jerome Powell, he’s, Sarah House, Wells, “ We’re, , there’s, Boussour, EY, ” Boussour, Daniel Zhao, Zhao, haven’t, ” Andrew Challenger, people’s paychecks, ” Diane Swonk, , , Swonk Organizations: New, New York CNN, Federal Reserve, Labor, Workers, Challenger, , BLS, KPMG, CNN Locations: New York, Wells Fargo, United States
That can make the January jobs report among the trickiest to forecast, said Sarah House, a senior economist with Wells Fargo. Friday’s jobs report also will include the final annual benchmark review of payroll data for the 12 months that ended in March 2023. Fresh data on job cuts and productivityOn Thursday, the layoff picture became clearer. However, excluding January 2023, last month’s job cuts were the highest seen in January since 2009, according to Challenger. US worker productivity grew 3.2% in the fourth quarter, according to a BLS report released Thursday.
Persons: Jerome Powell, he’s, Sarah House, Wells, “ We’re, , there’s, Boussour, EY, ” Boussour, Daniel Zhao, Zhao, haven’t, ” Andrew Challenger, people’s paychecks, ” Diane Swonk, , , Swonk Organizations: New, New York CNN, of Labor Statistics, Federal Reserve, Labor, Workers, Challenger, , BLS, KPMG, CNN Locations: New York, Wells Fargo, United States
Security screeners began a one-day walkout on Thursday at 11 of Germany’s busiest airports, bringing departures to a virtual standstill, scuttling travel plans for an expected 200,000 people and adding to the chaos caused by public sector strikes. Airports serving Berlin, Hamburg, and Stuttgart canceled all of their departures in anticipation of the work stoppage, while others — including Frankfurt’s airport, the biggest in Germany — were trying to keep some flights in the air but warned of significant delays and cancellations. “The work of airport security staff must remain financially attractive so that the urgently needed skilled workers can be recruited and retained,” said Wolfgang Pieper, a lead negotiator for Verdi, the public sector union behind the strike. Screeners are demanding an hourly raise of 2.80 euros, or roughly $3, a 14 percent increase for a starting salary. The federal association of aviation security businesses, the B.D.L.S., which represents employers, called the demands “utopian.” It has offered a 4 percent increase this year, followed by a 3 percent rise next year.
Persons: screeners, Germany —, , Wolfgang Pieper, Verdi Organizations: Airports Locations: Berlin, Hamburg, Stuttgart, Frankfurt’s, Germany
Former British Chancellor George Osborne addresses guests during a visit to the Manchester Chamber of Commerce on July 1, 2016 in Manchester, England. LONDON — A former British finance minister on Wednesday joined cryptocurrency exchange Coinbase as a global advisor, beefing up the company's regulatory bargaining power at a time when it faces severe scrutiny stateside. Coinbase announced that George Osborne, who served as Britain's chancellor of the exchequer from 2010 to 2016, will join the company on its global advisory council. Faryar Shirzad, Coinbase's chief policy officer, said the company was "pleased to have George join our council at an exciting time for us in the U.K. and globally." We look forward to relying on his insights and experiences as we grow Coinbase around the world," Shirzard added.
Persons: George Osborne, beefing, He'll, Mark Esper, Patrick Toomey, Coinbase, George, Shirzard, Osborne Organizations: Manchester Chamber of Commerce, Wednesday, Coinbase, of Defense Locations: Manchester, England, British, Coinbase
The firm’s monthly survey showed 107,000 jobs were added, well below the 145,000 estimate. “Progress on inflation has brightened the economic picture despite a slowdown in hiring and pay,” said Nela Richardson, chief economist at ADP. The ADP report comes two days ahead of the Labor Department’s monthly jobs report for January, with consensus estimates for about a 180,000 gain in payrolls after December’s better-than-expected 216,000 increase. “The January jobs report will likely show that the labor market started the year on a solid note,” said Lydia Boussour, EY senior economist. The strong job market and U.S. economic growth in the fourth quarter led the International Monetary Fund to boost its projections of global economic growth this year.
Persons: , Nela Richardson, December’s, Lydia Boussour, EY, , Jerome Powell, José Torres Organizations: ADP, Labor, Federal Reserve, Observers, Interactive, International Monetary Fund, IMF Locations: U.S, payrolls, hawkish,
IMF warns British government against more tax cuts
  + stars: | 2024-01-30 | by ( Jenni Reid | ) www.cnbc.com   time to read: +2 min
LONDON — The U.K. government should not introduce further tax cuts this year, the International Monetary Fund said Tuesday, as its chief economist argued the national budget needed the money for public services and growth-friendly investments. "In that context, we would advise against further discretionary tax cuts, as envisioned or discussed now," he said. An IMF spokesperson separately said the U.K. had higher spending needs across public services and investments than were currently reflected in the government's budget plans. Hunt announced several tax cuts in his fall budget, and made several suggestions he wants to introduce more in the spring. The IMF on Tuesday forecast 0.6% growth for the U.K. economy this year, up slightly from an estimated 0.5% figure for 2023.
Persons: Jeremy Hunt, Pierre, Olivier Gourinchas, Hunt Organizations: British, LONDON, International Monetary Fund, National Health Service, IMF, Conservative, Conservatives, Labour
BERLIN (AP) — Efforts to fight public sector corruption are faltering around the world, in part because a “global decline in justice and the rule of law since 2016," according to a corruption index released Tuesday. Transparency International, which compiles the annual Corruption Perceptions Index, found 23 countries at their worst level since the global ranking began almost three decades ago, including both high-ranking democracies and authoritarian states. The global average was unchanged at 43 for the 12th consecutive year, and more than two-thirds of countries scored below 50. Arab countries’ average score on the index hit an all-time low of 34, and sub-Saharan Africa remained stagnant at 33. Transparency International said that the government's “pervasive control of public institutions facilitates the widespread abuse of power without accountability" while judicial independence is eroding.
Persons: , François Valérian, party's Organizations: BERLIN, Transparency, World Bank, Economic, European Union Locations: Iceland, Netherlands, Sweden, Britain, Iran, Russia, Venezuela, Denmark, Finland, New Zealand, Norway, Singapore, Switzerland, Germany, Luxembourg, United States, Somalia, South Sudan, Syria, Yemen, Equatorial Guinea, Haiti, North Korea, Nicaragua, Asia, Pacific, Latin America, Caribbean, Saharan Africa, Europe, Poland, Hungary, Ukraine
UAW Backs Biden in Major 2024 Endorsement
  + stars: | 2024-01-24 | by ( Lauren Camera | Jan. | At P.M. | ) www.usnews.com   time to read: +9 min
Joe Biden bet on the American worker while Donald Trump blamed the American worker. The Best Political Cartoons on Joe Biden View All 259 Images“The question is: Who do we want in that office to give us the best shot of winning?” Fain asked members. Joe!” Biden accepted the endorsement and pledged to continue supporting labor unions and the auto industry in particular. Of course, there were plenty of signs the UAW chief was planning to make the union’s backing of Biden official. That's what this choice is about.”More labor union endorsements are likely to roll out in the coming months.
Persons: Joe Biden, Donald Trump, , Shawn Fain, Harris, Trump, ” Fain, , “ It’s, It's, “ It's, ” “ Donald Trump, that's, he’d, “ Joe, Joe, Joe ! ” Biden, ” Biden, Biden, “ Trump, you've, , Fain, ” Mary Kay Henry, Biden’s, Lady Jill Biden Organizations: United Auto Workers, D.C, Biden, UAW, – Ford, General Motors, Trump, Gallup, National Labor Relations Board, Employees International Union, U.S . Bureau of Labor Statistics, Press, Hollywood, , National Education Association Locations: Washington, Detroit, New Hampshire, Iowa, Michigan, Pennsylvania, Wisconsin, America, U.S, , South Carolina
(Photo by Tolga Akmen / AFP) (Photo by TOLGA AKMEN/AFP via Getty Images) Tolga Akmen | Afp | Getty ImagesLONDON — Fujitsu 's role in the U.K. Post Office scandal, dubbed the "most widespread miscarriage of justice" in British history, has analysts wary of what the fallout could look like for the Japanese IT giant. Between 1999 and 2015, a fault with the company's Horizon computer software used by the Post Office, a state-owned private company employing thousands of people across the country, resulted in more than 700 sub-postmasters being subjected to false prosecutions. watch nowIn a statement Thursday, Fujitsu said it regards the matter with the "utmost seriousness and offers its deepest apologies to the sub-postmasters and their families." "Based on the findings of the Inquiry, we will also be working with the UK government on the appropriate actions, including contribution to compensation." A spokesperson for Fujitsu wasn't immediately available for comment when contacted by CNBC.
Persons: Tolga Akmen, TOLGA AKMEN, Akmen, postmasters, Paul Patterson, Patterson, Fujitsu Tim Morse, , CNBC's, Mio Kato Organizations: subpostmasters, of Justice, Appeal, Getty, Afp, Fujitsu, Post Office, Post, Business, Trade, Asymmetric Advisors, CNBC, Fujitsu wasn't, Treasury, Fujitsu —, ICL, Tokyo Stock Exchange, LightStream Locations: London, AFP, U.K, Japan
And a growing number of people who are eligible for government housing assistance aren't getting it. But unlike other government benefits like Medicaid and food stamps, housing aid doesn't automatically go to those who need it. And across 31 pilot basic income programs , recipients spent an average of about 9.2% of their payments on housing and utilities. AdvertisementThe amount that the federal government spends on its housing assistance programs, mainly Housing Choice Vouchers and public housing, is determined by Congress each year. "Housing support across America is very fractured and variable," said Sean Kline, director of Stanford's Basic Income Lab.
Persons: , doesn't, Matt Desmond, Chris Herbert, Ulbrich, Matt Turner, hasn't, Sean Kline, Matthew Fowle, Fowle, Kline, Herbert Organizations: Service, Homelessness, Business, Urban Institute, Assistance, Columbia University's, Poverty, Princeton, Harvard Joint Center for Housing Studies, Economic, Congress, Harvard, The New York Times, Department of Housing, Urban Development, Philadelphia Housing Development Corporation, University of Pennsylvania, UPenn's Housing Locations: Washington ,, San Francisco, Davos, America, Philadelphia
Salary range: $41,500-$269,500Top locations hiring: Washington, D.C.-Baltimore area, New York City, Dallas2. Salary range: $34,000-$179,500Top locations hiring: San Francisco, New York City, Boston5. Salary range: $42,500-$138,500Top locations hiring: New York City, Chicago, Atlanta6. Salary range: $43,500-$277,500Top locations hiring: New York City, Chicago, Washington, D.C.-Baltimore area8. Salary range: $25,000-$93,500Top locations hiring: Dallas, New York City, Los Angeles, Washington, D.C.-Baltimore area10.
Persons: Andrew Seaman, they're, Seaman, Organizations: LinkedIn, Washington, D.C, Dallas, Government, Health, Atlanta, New, Kansas, Diversity, Artificial Locations: U.S, Baltimore, New York City, Sacramento, Los Angeles , Washington, Houston, Boston, Francisco , New York City, Chicago, Atlanta, Kansas City, Austin, Washington, Francisco, Boston , New York, Dallas , New York City, Francisco , New York City , Washington, Yale
DAVOS, Switzerland (AP) — Business and political elites descended on the Swiss Alpine snows of Davos to suss out “rebuilding trust” in a splintering world. If there’s any takeaway from the World Economic Forum's annual meeting — boldly touting that theme — it’s that we still have a long way to go. The idea is getting people together, and big announcements are often just a byproduct — not the aim. “It’s unrealistic to think that Davos — or any meeting, anywhere in the world — in one meeting can rebuild trust when it’s fragmented on so many dimensions," said Rich Lesser, chairman of Boston Consulting Group. But thousands of conversations between the social, private and public sectors help create "a starting point for rebuilding trust,” he said.
Persons: , Rich Lesser, , bigwigs, Bill Gates, Agnès Callamard, craziness, Long, Volodymyr Zelenskyy, ” Zelenskyy, ” Pham Minh Chinh, vociferously, Benjamin Netanyahu, Antony Blinken, wasn't, Antonio Guterres, Masha Macpherson, David Keyton, Courtney Bonnell, Kelvin Chan Organizations: , Boston Consulting, Nature Energy, “ Cooperation, Security, Amnesty, European Union, U.S, Israeli, Locations: DAVOS, Switzerland, Swiss, Davos, suss, Ukraine, U.S, India, South Africa, UKRAINE, Kyiv, Europe, United States, Britain, Israel, Gaza, Palestinian, Saudi Arabia, London
But one topic dominating a lot of discussion among U.S. business leaders and policymakers has been largely missing from the official agenda: rising antisemitism after the Oct. 7 Hamas-led attacks on Israel. Only one panel to discuss the topic is on the agenda out of the forum’s hundreds of presentations. The panelists at the session this afternoon include Doug Emhoff, the husband of Vice President Kamala Harris; Michal Herzog, the wife of Israel’s president; and Jonathan Greenblatt of the Anti-Defamation League. (Isaac Herzog, Israel’s president, spoke this morning.) “I’m disappointed that there isn’t more of a conversation about antisemitism here,” Leon Kalvaria, the chairman of Citigroup’s Institutional Clients Group and a longtime Davos attendee, told DealBook.
Persons: Doug Emhoff, Kamala Harris, Michal Herzog, Jonathan Greenblatt, Isaac Herzog, “ I’m, ” Leon Kalvaria, DealBook, Organizations: Economic, Defamation League, Group Locations: Davos, Switzerland, Ukraine, U.S, Israel
Political Cartoons View All 253 ImagesZelenskyy is following that up with his first trip to Davos as president after speaking by video in previous years. The corporate chiefs will hear “what kind of immediate assistance is needed” and lay out how private and public sectors can help Ukraine rebuild one day, forum organizers say. The session will draw NATO leader Jens Stoltenberg, German Vice Chancellor Robert Habeck and U.S. envoy for Ukraine's economic recovery, Penny Pritzker, among others. While the geopolitical situation has oozed gloom, businesses appear more hopeful — in part from prospects that artificial intelligence can help boost productivity. Leading Western stock indexes shot up in 2023, and falling inflation raised hopes of a decline in interest rates.
Persons: Volodymyr Zelenskyy, Zelenskyy, Jordan, Premier Li Qiang, Ursula von der Leyen, Jake Sullivan, Donald Trump —, Putin —, White, Viola Amherd, Jens Stoltenberg, Robert Habeck, Penny Pritzker, Gitanas Nauseda, José Manuel Albares Bueno, Satya Nadella — Organizations: European Union, Russia, Hamas, Premier, United States, Ukraine, , Bruins, Spanish, Microsoft Locations: DAVOS, Switzerland, Swiss, Davos, United States, China, Qatar, Zelenskyy, Russia, Bern, Ukraine, , East, Europe
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