Davos
Over $50 for a burrito? World’s elite splash the cash on snacks at Davos
The burrito in the Steigenberger Grandhotel Belvedere came with a side of salsa and guacamole. CNBC DAVOS, Switzerland — Hungry attendees at this year’s World Economic Forum may have found some of the food a little hard to stomach, with some eye-popping prices in some locations. Just a stone’s throw away from the main Davos […]
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George Soros says Russia’s gas storage is almost full — and Europe should hold its nerve
Russian President Vladimir Putin delivers a speech during a ceremony honouring the country’s Olympians and Paralympians at the Kremlin in Moscow, Russia April 26, 2022. Maxim Shemetov | Reuters DAVOS, Switzerland — Russian President Vladimir Putin’s bargaining position is “not as strong as he pretends” and Europe has leverage against him, according to billionaire investor […]
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Crypto firm Ripple will explore IPO after SEC lawsuit ends, CEO says
DAVOS, Switzerland — Ripple will explore the possibility of an initial public offering once its lawsuit with the U.S. Securities and Exchange Commission has ended, CEO Brad Garlinghouse told CNBC. The company uses XRP, the world’s sixth-largest cryptocurrency, to facilitate cross-border payments. Effectively, fiat is converted to XRP which lowers the cost and increases the […]
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Ukraine uses Davos to make its pitch to the West — and takes over Russia’s former party hub
The “Russian Warcrimes House” is showing a picture exhibition documenting alleged war crimes taking place in Ukraine. Organizers hope this will help the Davos elite taking future decisions about the war. Fabrice Coffrini | AFP | Getty Images DAVOS, Switzerland — The war in Ukraine is top of the agenda at the World Economic Forum […]
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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 […]
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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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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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Russia strikes multiple towns in Donbas region, Ukraine says; Russian-occupied Kherson will now accept rubles
Russia seeking to encircle Severodonetsk, UK says Russia has increased the intensity of its operations in the Donbas as it seeks to encircle Severodonetsk, Lysychansk, and Rubizhne, the U.K.’s Ministry of Defence said in its latest intelligence update Tuesday. “At present the northern and southern axes of this operation are separated by approximately 25 km […]
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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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