‘Utterly unprepared’: Larry Summers says another Covid-scale problem is a top economic risk
The Harvard economist told the World Economic Forum in Davos, Switzerland that the world is “utterly unprepared” for another Covid-scale disruption.
‘China cannot be out, China must be in’: France says it’s diverging with Washington on Beijing ties
France’s President Emmanuel Macron is reportedly planning a trip to China in the coming weeks to discuss energy and trade.
The ‘greatest tragedy’ would be if central banks don’t finish the job on inflation, Larry Summers says
Central banks not finishing what they have started on inflation would be the “greatest tragedy” for the global economy, according to former U.S. Treasury Secretary Larry Summers.
Bank of Japan defends yield curve control measures, intends to stick to ultra-easy monetary policy
Bank of Japan Governor Haruhiko Kuroda on Friday defended the central bank’s decision to widen the trading band in its yield curve control program.
Google to lay off 12,000 people — read the memo CEO Sundar Pichai sent to staff
Sundar Pichai, Google’s CEO, said in an email sent to the company’s staff Friday that the firm will lay off 12,000 employees.
Buzzy A.I. tools like Microsoft-backed ChatGPT replaced crypto as the hot tech topic of Davos
This week at the World Economic Forum in Davos, generative AI virtually replaced crypto as the hyped technology of choice for top executives and policymakers.
European Central Bank’s Lagarde says China’s Covid reopening will push inflation higher
China’s decision to reopen its economy will increase inflation in Europe as they both compete for more energy, the president of the European Central Bank said Friday.
Byju’s plans to end sponsorship of Indian cricket team jersey, as it puts profitability on cards for 2024
Indian education technology start-up Byju’s will not renew its jersey sponsorship deal with India’s cricket team, the company’s co-founder Divya Gokulnath, told CNBC.
IMF’s Georgieva and ECB’s Lagarde discuss the future of global growth at Davos
Moderated by CNBC’s Geoff Cutmore, top business leaders and policymakers discuss the future of growth at Davos, Switzerland, and the policies needed to stabilize the global economy.
In hindsight, monetary policy everywhere was too expansionary: Swiss central bank chief
Monetary policy has “in hindsight” been “too expansionary,” according to the Chairman of the Swiss National Bank Thomas Jordan.
