Private company valuations 'going nuts again' amid AI boom, Cisco CEO says
The valuations of some private companies are "going nuts again," returning to highs not seen since the Covid-19 pandemic, according to Cisco's chief executive.
Asian news from Switzerland
As others try to quash rate cut talk, European Central Bank's Centeno flags inflation progress
Euro zone inflation is moving in the right direction, Portugal's central bank governor Mario Centeno said Tuesday, despite his peers on the European Central Bank Governing Council striking a more hawkish tone in recent days.
Two British brothers 'should be banned from Switzerland' for museum heist
Prosecutors have called for two British brothers to be banned from Switzerland for five years as punishment for their role in raiding a museum of iconic Chinese Ming Dynasty artefacts.
Divide between political elites and the working class is a major risk, Allianz CEO says
A growing detachment between political leaders and populations presents the biggest risk in a busy election year, according to Allianz CEO Oliver Bäte.
CNBC Daily Open: Down to Davos
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2024's wave of elections predicted to derail food security progress
DAVOS, SWITZERLAND — The slew of upcoming global elections could derail international efforts to secure long-term food supplies, according to the International Fund for Agricultural Development (IFAD).
China needs reforms to halt 'significant' growth declines, IMF chief says
The head of the International Monetary Fund warned Monday that China needs structural reforms in order to avoid "a fairly significant decline in growth rates."
AI fever takes over Davos pushing crypto aside as the new cool kid on the block
DAVOS, Switzerland — For the last few years at the World Economic Forum cryptocurrency firms dominated the main strip in Davos, promoting their wares.