Breaking News: Davos
Citi CEO Jane Fraser is convinced Europe will fall into a recession
Citigroup CEO Jane Fraser has told CNBC she is convinced Europe is headed into a recession. Speaking at the World Economic Forum Monday, Fraser said that a confluence of factors, including the war in Ukraine and resulting energy crisis, have left Europe vulnerable to a sizeable downturn even as other parts of the world show […]
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Credit Suisse chairman denies reports of talks to replace CEO Gottstein
The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. Arnd Wiegmann | Reuters Credit Suisse Chairman Axel Lehmann has denied reports that talks have taken place to explore replacing CEO Thomas Gottstein. Bloomberg News reported earlier this month, citing sources close to the matter, that the […]
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Google, Meta and Amazon will benefit from the Ukraine war, ad guru Martin Sorrell says
Martin Sorrell, founder and chairman of media firm S4 Capital, believes the war in Ukraine has the potential to benefit three of America’s biggest tech firms. “I’m very bullish on the tech giants … because the war will have an impact on them,” Sorrell told CNBC at the World Economic Forum in Davos Monday. He […]
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