Credit Suisse CEO says outflows have reduced ‘very significantly’ as overhaul progresses
Credit Suisse is seeing a sharp reduction in client outflows, as the embattled Swiss lender progresses with its major strategic overhaul, new CEO Ulrich Koerner told CNBC on Wednesday.
China’s economy will be ‘on fire’ in the second half of 2023, StanChart chairman says
China’s economy will be “on fire” in the second half of 2023 as the economic performance of East and West diverges, according to Standard Chartered Chairman José Viñals.
Putin could be ready to announce a second mobilization drive
Russian President Vladimir Putin could be ready to announce another mobilization round, as Moscow looks to bolster its armed forces in Ukraine, analysts believe.
‘Big Oil peddled the big lie’: UN chief slams energy giants for ignoring their own climate science
U.N. Secretary-General Antonio Guterres on Wednesday condemned fossil fuel giants for ignoring their own climate science.
Over 200 millionaires urge Davos elite to up taxes on the ultra-rich
Over 200 millionaires called on the elite attendees of this week’s World Economic Forum in Davos to “tackle extreme wealth” and “tax the ultra-rich.”
Crypto exchange Coinbase says it will halt Japan operations
Coinbase’s decision to exit comes only a few weeks after rival exchange Kraken said it, too, would cease its operations in Japan this month.
China’s Covid reopening set to push 2023 oil demand to new high, IEA says
China’s reopening could boost global oil demand this year to new highs, the International Energy Agency said on Wednesday.
UniCredit CEO says Europe may defy the odds and avoid a recession
Recent data points suggest the euro zone may defy the odds and avoid a recession, according to Andrea Orcel, CEO of Italian bank UniCredit.
UK inflation rate dips for second straight month to hit 10.5%
The core CPI, which excludes food, energy, alcohol and tobacco, was steady on the month at 6.3% in December, the ONS found.
Top business leaders and policymakers discuss the future of jobs at the World Economic Forum
Moderated by CNBC’s Geoff Cutmore, top business leaders discuss at Davos, Switzerland, the impact the green transition, technological advances, demographics and reorganized value chains could have on labor markets.
