DAVOS, Switzerland: The prospect of imminent global recession cast a long shadow over Davos on Monday (Jan 16) as participants gathering for the opening of the World Economic Forum's annual meeting counted the likely cost for their economies and businesses. Two-thirds of private and public sector chief eco
DAVOS, Switzerland: The prospect of imminent global recession cast a long shadow over Davos on Monday as participants gathering for the opening of the World Economic Forum's annual meeting counted the likely cost for their economies and businesses.
Meanwhile, a survey of CEO attitudes by PwC released in Davos on Monday was the gloomiest since the"Big Four" auditor launched the poll a decade ago, marking a significant shift from optimistic outlooks in 2021 and 2022. A majority of the economists see further monetary policy tightening in Europe and the United States , with policy-makers caught between the risks of tightening too much or too little.
PwC's survey found confidence among companies in their growth prospects dropped the most since the 2007-08 global financial crisis, although a majority of CEOs had no plans to cut the size of their workforce in the next 12 months or to slash remuneration as they try to retain talent.
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Davos 2023: Climate activists protest over big oil hijacking debateDAVOS, Switzerland: Climate activists protested in Davos on Sunday (Jan 15) against the role of big oil firms at this week's World Economic Forum (WEF), saying they were hijacking the climate debate. Major energy firms including BP, Chevron and Saudi Aramco are among the 1,500 business leaders gathering fo
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Davos 2023: Climate activists protest over big oil hijacking debateThe protesters say they are demanding 'concrete and real climate action'. Read more at straitstimes.com.
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Davos 2023: Man Utd set up shop with luxury lounge in Swiss AlpsDAVOS, Switzerland : Manchester United set out a dazzling Davos shop front this week, but insisted its lounge was to entertain clients and partners rather than to attract buyers for the English soccer club.United said in November it was looking at options to either get new investment or explore a potentia
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Davos 2023: Scaramucci's SkyBridge bets on $35k bitcoin, targets creditDAVOS, Switzerland : SkyBridge Capital is betting on a sustained turnaround in cryptocurrency markets in 2023, the firm's founder Anthony Scaramucci said, while admitting this view was 'overly bullish'.'If bitcoin could trade back to $35,000, SkyBridge is going to have an amazing year,' Scaramucci told th
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Davos 2023: Scaramucci's SkyBridge bets on US$35k bitcoin, targets creditDAVOS, Switzerland: SkyBridge Capital is betting on a sustained turnaround in cryptocurrency markets in 2023, the firm's founder Anthony Scaramucci said, while admitting this view was 'overly bullish'. 'If bitcoin could trade back to US$35,000, SkyBridge is going to have an amazing year,' Scaramucci told t
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Davos 2023: Palantir CEO predicts hiring while preparing for economic slowdownDAVOS, Switzerland: Palantir Technologies Inc is still looking to grow its headcount even as it scrutinizes its spending and confronts economic uncertainty, its chief executive told Reuters. The US software company in 2023 expects to add a couple hundred people to its roughly 3,500 staff, in line with prio
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