UK Labour leader Starmer slams PM’s Davos no-show, touts new ‘inverse OPEC’ alliance
U.K. opposition Labour Party leader Keir Starmer on Thursday hit out at Prime Minister Rishi Sunak for opting not to attend the World Economic Forum in Davos, Switzerland.
Yellen says Treasury is taking extraordinary measures to avoid default as U.S. hits debt limit
Yellen previously said she believes the U.S. government can keep paying its bills until at least early June by deploying extraordinary measures.
France contends with widespread strikes as unions take to streets against pension reform
Unions have made common front in widespread demonstrations across all of France.
U.S. weekly jobless claims unexpectedly fall
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, suggesting the labor market remains tight.
Greta Thunberg on Abu Dhabi’s oil chief leading COP28 climate summit: ‘Completely ridiculous’
The UAE, one of the world’s top oil producers, will host the U.N.-led climate summit from Nov. 30 to Dec. 12, 2023.
Former Indian central bank governor says a soft landing will be ‘very hard’ for the Fed
The U.S. Federal Reserve will find it “very hard” to engineer an economic soft landing after its cycle of aggressive interest rate hikes, according to former Reserve Bank of India Governor Raghuram Rajan.
Orange bitcoin Mercedes owner at Davos hits back at critics, says not his car’s fault people lost money
The orange bitcoin car in Davos belongs to Michael Chobanian, the founder of Ukrainian cryptocurrency exchange Kuna.
Jamie Dimon says rates will rise above 5% because there is still ‘a lot of underlying inflation’
Jamie Dimon believes that interest rates could go higher than what the Federal Reserve currently projects as inflation remains stubbornly elevated.
The UK is fiscally unstable, says North Sea oil CEO
The U.K. is fiscally unstable and its government is indulging in “short-termism” by slapping oil majors with windfall taxes, according to Amjad Bseisu, CEO of EnQuest.
Greta Thunberg says Davos elite are prioritizing greed and short-term profits over people and the planet
Thunberg said it was “absurd” that the world seems to be listening to Davos delegates rather than those on the frontlines of the climate emergency.
