UBS CEO says Swiss public ‘indoctrinated’ to worry about bank’s balance sheet
UBS CEO Sergio Ermotti on Wednesday said people with concerns about the size of the bank’s balance sheet “are getting indoctrinated” by academics.
Markets getting ahead of themselves on rate cuts and risk being ‘self-defeating,’ ECB member says
“We are optimistic that in the end we have a return to inflation to 2% in 2025. But a lot needs to go well for that to happen,” Klaas Knot told CNBC Wednesday.
Davos 2024: Dimon discusses Zelenskyy meeting; Argentina’s leader urges elite to reject socialism
Political and business leaders continue talks at the 54th Annual Meeting of the World Economic Forum in Davos, Switzerland, on Wednesday.
Russia mocks British efforts to support Ukraine; Blinken warns of ‘real problem’ if Kyiv gets no extra funding
The war in Ukraine is dominating conversations at the World Economic Forum in Davos this week, with warnings over war fatigue and funding.
CNBC Daily Open: The Fed’s rude awakening
Wall Street’s first day back after a long weekend, only to be rudely awoken by a reality check from a Fed official
BP appoints Murray Auchincloss as permanent CEO
His appointment comes roughly four months after his predecessor Bernard Looney resigned after less than four years in the post.
UK inflation rate surprises with rise to 4%, led by alcohol and tobacco
U.K. inflation unexpectedly nudged upwards to 4% year-on-year in December.
China’s BYD launches AI-powered smart car technology to better compete with rivals
The world’s largest maker of electric cars BYD launched its smart car system on Tuesday.
Iran warns the U.S. not to ‘tie their destiny’ to the fate of Israel’s Netanyahu
Iran’s foreign minister says Washington’s full support for Israel is “the root of insecurity in the region.”
OpenAI CEO Sam Altman opens up about being fired by the board: ‘Super caught off guard’
OpenAI CEO Sam Altman speaks out about being unexpectedly fired by the board in November, and said he felt “super confused” and was “super caught off guard.”
