Switzerland
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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‘Downright scary and untenable’: Commerce secretary warns U.S. needs to secure a future for its chip industry
Gina Raimondo, Secretary of Commerce, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galica | CNBC U.S. Commerce Secretary Gina Raimondo on Wednesday urged Congress to pass the CHIPS for America Act in order to safeguard national security and the future of the economy. The bill aims to incentivize investment in U.S. […]
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Pfizer CEO says he ‘wouldn’t worry much’ about monkeypox; cuts drug prices for low-income countries
Albert Bourla, Pfizer CEO, at the WEF in Davos, Switzerland on May 25th, 2022. Adam Galici | CNBC Pfizer’s CEO said Wednesday that he “wouldn’t worry much” about a recent monkeypox outbreak that has seen cases surge in non-endemic countries. Albert Bourla told CNBC that current data on the disease suggests it doesn’t transmit as […]
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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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Saudi foreign minister says the kingdom’s hands are ‘stretched out’ to Iran
Saudi Arabia is seeing some progress on dialogue with its longtime adversary Iran, but not enough, the kingdom’s Foreign Minister Prince Faisal bin Farhan al-Saud told CNBC on Tuesday. In the meantime, the minister says it is eager to improve the two countries’ relationship. “In Saudi Arabia, and I think it’s the same in the […]
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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 […]
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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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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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