Switzerland
Jamie Dimon says Trump’s tariff policy is positive for national security so people should ‘get over it’
JPMorgan Chase CEO Jamie Dimon said Wednesday the looming tariffs that President Donald Trump is expected to slap on U.S. trading partners could be viewed positively. Despite fears that the duties could spark a global trade war and reignite inflation domestically, the head of the largest U.S. bank by assets said they could protect American […]
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Europe must be prepared for Trump tariffs, European Central Bank chief warns
Europe must “be prepared” and anticipate the potential trade tariffs of newly inaugurated U.S. President Donald Trump, European Central Bank President Christine Lagarde told CNBC on Wednesday. She said the fact that Trump had not imposed blanket tariffs on the first day of his presidency was a “very smart approach … because blanket tariffs are […]
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Europe ready to respond ‘in a proportionate way’ as Trump touts tariffs, top EU official says
Europe will respond to any tariffs imposed by U.S. President Donald Trump in a proportionate way, the European Union’s commissioner for the economy told CNBC on Wednesday. “If there is a need to defend our economic interests, we will be responding in a proportionate way,” Valdis Dombrovskis told CNBC’s Steve Sedgwick on the sidelines of […]
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Davos 2025 live updates: Leaders and CEOs hone in on monetary policy and security
LONDON — Welcome back to CNBC’s live blog covering all the latest news, views and action on day 3 of the World Economic Forum in Davos, Switzerland. CNBC’s guest highlights today include ECB President Christine Lagarde, who will speak to Karen Tso at 9:15 a.m. Davos time, and Spanish Prime Minister Pedro Sanchez, who will […]
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Bank of Israel governor expects higher short-term inflation but rate cuts ‘feasible’ this year
Israel’s central bank governor on Tuesday said he sees one to two potential interest rate cuts in the second half of this year, suggesting confidence that domestic inflation will ease in the coming months. Inflation, which hit 3.2% in December, is “still above our target, which is between 1% and 3%,” Bank of Israel Governor […]
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Ray Dalio says cutting budget deficit is crucial to stabilize the bond market
Davos WEF Ray Dalio says cutting budget deficit is crucial to stabilize the bond market Published Tue, Jan 21 20259:50 AM ESTUpdated 13 Min Ago Yun Li@YunLi626 WATCH LIVE Source
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Bank of America CEO says financial industry will jump into crypto payments if regulators allow it
Bank of America CEO Brian Moynihan said Tuesday that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it. The head of the second largest U.S. bank by assets was asked by CNBC’s Andrew Ross Sorkin about how the industry’s approach to crypto could change given President Donald Trump’s enthusiasm for digital […]
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Europe must ‘wake up’ and boost competitiveness — or risk falling behind in the Trump era, CEOs warn
European business chiefs on Tuesday warned that the region risks falling behind its U.S. and Asian counterparts, if it fails to innovate and adapt to a fast-changing world that is expected to see an acceleration of global policy changes during President Donald Trump’s second term in office. Europe was “always lagging behind” its counterparts in […]
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WEF live updates: World leaders and CEOs descend on Davos for the World Economic Forum
Global economy set for steady growth in 2025, EY CEO survey shows A worker welds steel at a workshop on June 8, 2024 in Hangzhou, Zhejiang Province of China. Vcg | Visual China Group | Getty Images The global economy is set for steady growth in 2025, and corporate confidence is rising, according to a […]
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Abu Dhabi’s $330-billion sovereign wealth fund says no one appreciates the level of disruption that AI is about to unleash
Khaldoon Al Mubarak, CEO of Mubadala, an Abu Dhabi sovereign wealth fund Marc Atkins | Getty Images Sport | Getty Images The world has yet to fully recognize the extent of change artificial intelligence will bring to every aspect of human life, the CEO of Abu Dhabi sovereign wealth fund Mubadala told CNBC at the […]
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