Khaldoon Al Mubarak, CEO of Abu Dhabi’s $330-billion sovereign wealth fund Mubadala, spoke to CNBC’s Dan Murphy in Davos about the future of investing in AI, the fund’s investment strategy for the next five years and his outlook for 2025.
Watch CNBC’s full interview with Mubadala’s CEO Khaldoon Al Mubarak
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Bill to fund military during government shutdown fails in Senate procedural vote
A bill that would fund the U.S. military during the ongoing federal government shutdown failed to pass the Senate in a procedural vote on Thursday. The bill required at least 60 votes in the 100-member Senate to advance because of the chamber’s filibuster rules. The final vote was 50-44, with three Democrats joining most Republicans […]
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U.S. budget deficit edged lower in 2025 as tariffs, debt payments both saw new records
The statue of former Treasury Secretary Albert Gallatin stands in front of the north wing of the U.S. Treasury Department headquarters building on April 24, 2025, in Washington, DC, U.S. J. David Ake | Getty Images News | Getty Images The U.S. budget deficit edged lower for 2025 as record-setting tariff collections helped offset what […]
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European markets close higher as food and beverage stocks rally; Nordea Bank hits records high
The Arc De Triomphe stands while automobiles travel on the Avenue des Champs-Elysees as skyscrapers sit on the city skyline in the La Defense business district in Paris, France. Christophe Morin | Bloomberg | Getty Images LONDON — European stocks closed higher on Thursday, after regional markets continued to see-saw this week. The pan-European Stoxx […]
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