World
Soros says civilization may not survive Russia’s Ukraine invasion, warns of global depression
Hungarian-born US investor and philanthropist George Soros. Fabrice Coffrini | AFP | Getty Images Liberal billionaire George Soros on Tuesday warned of a global depression, and said Russia’s invasion of Ukraine could be looked back on as the starting point of World War III. At his annual dinner amid the World Economic Forum, Soros said […]
Read More
‘That is not capitalism, that is abusing the market:’ Sen. Ted Cruz blasts BlackRock’s Larry Fink’s ‘woke’ ESG policies
Sen. Ted Cruz (R-TX) speaks during a news conference at the U.S. Capitol October 6, 2021 in Washington, DC. Alex Wong | Getty Images Sen. Ted Cruz blasted BlackRock CEO Larry Fink on Tuesday for so-called “woke” investment decisions — and suggested money managers like Fink be barred from voting on behalf of other investors […]
Read More
Palantir CEO weighs in on the Ukraine war: ‘The lesson for every big country is holy s—‘
Alex Karp, CEO of Palantir arrives ahead of a “Tech For Good” meetup at Hotel Marigny in Paris on May 15, 2019, held to discuss good conduct for technology giants. Bertrand Guay | AFP | Getty Images Palantir CEO Alex Karp believes that the war between Russia and Ukraine is making big countries re-consider their […]
Read More
Aviation giant KLM to face legal action in first major challenge to airline industry ‘greenwashing’
The greenwashing case against KLM is thought to be the first corporate lawsuit about airlines and net zero — and one of the first cases about carbon offsets. Nurphoto | Nurphoto | Getty Images Environmental groups on Tuesday launched legal action against KLM, saying the Dutch aviation giant is misleading the public over the sustainability […]
Read More
‘Tax us now’: Millionaires call on the global elite to tax them more
Protesters take part in a demonstration against the World Economic Forum (WEF) during the WEF annual meeting in Davos on May 22, 2022. Fabrice Coffrini | Afp | Getty Images A group of over 150 millionaires are calling on the elite attendees of this year’s World Economic Forum in Davos, to tax them more. The […]
Read More
UK energy bill cap expected to rise to around £2,800 — regulator
Momo Productions | Digitalvision | Getty Images The head of Britain’s energy regulator on Tuesday said a price cap on the most widely used consumer energy tariffs was expected to reach £2,800 ($3,499.16) in October, leaving households facing even higher bills than some predictions. “We are only part-way through the price cap window but we […]
Read More
EU chief hopes deal for a Russian oil embargo will be reached in the coming days
European Commission President Ursula von der Leyen delivers a speech during a plenary session of the European Parliament at the EU headquarters in Brussels, on March 23, 2022. John Thys | AFP | Getty Images DAVOS, Switzerland — European Commission President Ursula von der Leyen told CNBC Tuesday that she’s hoping an agreement to sanction Russian […]
Read More
Nokia CEO says 6G will be here by 2030 — but you might not access it via your smartphone
Mehdi Bennis is an associate professor at the University of Oulu in Finland researching 6G. Elizabeth Schulze | CNBC Nokia CEO Pekka Lundmark expects 6G mobile networks to be in operation by the end of the decade but he doesn’t think the smartphone will be the most “common interface” by then. Speaking on a panel […]
Read More
Tech rout is just a ‘shake-out’: Top CEOs predict what’s next for markets
Monitors display stock market information at the Nasdaq MarketSite in New York, on Friday, Jan. 21, 2022. Michael Nagle | Bloomberg | Getty Images Top CEOs and investors have struck an optimistic tone on the recent sell-off global technology stocks, telling CNBC it’s unlikely to metastasize into a broader market crisis. The tech-heavy Nasdaq 100 […]
Read More
‘Economy is security’: Biden’s Quad trip shows that in Asia, trade and security are one thing
Australian Prime Minister Anthony Albanese, U.S. President Joe Biden, Indian Prime Minister Narendra Modi and Japanese Prime Minister Fumio Kishida arrive for the Quad Leaders’ Summit in Tokyo on May 24. Saul Loeb | Afp | Getty Images TOKYO — Security deals are important, but in Asia, money talks. Australia, India, Japan and the United […]
Read More