World
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 […]
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‘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 […]
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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 […]
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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 […]
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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 […]
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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 […]
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‘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 […]
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Spain paints itself as the answer to Europe’s Russian energy problem
The President of the Spanish Government, Pedro Sanchez. Europa Press News | Europa Press | Getty Images Spanish Prime Minister Pedro Sanchez has said his country — and southern Europe more broadly — could provide an answer to the shortfall in gas supplies from Russia as the region looks to double down on sanctions against Moscow. […]
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Bitcoin Pizza Day and NFTs: Crypto players take over main strip in Davos even after market crash
DAVOS, Switzerland — Crypto-related technology companies are out in force at the annual World Economic Forum in Davos, even after a recent market crash that has wiped off billions of dollars of value from the digital currency market. The Promenade, a main strip where companies and governments take over shops and bars during the week […]
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Great Resignation? Why it’s not a good idea to quit just before a possible recession
The Great Resignation — a term coined at the height of the coronavirus pandemic as employees quit their jobs in their swathes — is still in full swing. But as signs of a forthcoming recession mount, you may want to think twice before jumping ship. Four million workers left their jobs in April in the […]
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