The CEO of Uber has dismissed the idea that his app will soon be able to dispense with drivers in order to control taxi cabs. Speaking at the World Economic Forum (WEF) in Davos, Switzerland, Dara Khosrowshahi said Tuesday that while automation would certainly develop, his firm would use drivers for a “long, long time.” […]

The leadership culture of Silicon Valley tech gurus has been slammed at the World Economic Forum in Switzerland. Speaking at a CNBC-moderated Davos panel titled “In Technology We Trust?,” Marc Benioff claimed that tech leaders need to modify their autocratic style. “We basically got to a point where the whole super majority vote structure thing […]

New technology will make jobs obsolete but will also create a lot of opportunities, the CEO of Schneider Electric said Tuesday. Speaking to CNBC at the World Economic Forum in Davos, Switzerland, Jean-Pascal Tricoire said that a few trends were accelerating. One was the “absolute digitization of every facility,” while the other was “Industry 4.0.” […]

The recent changes to the U.S. tax system are a short-term sugar high that will not fix the economy, the CEO of the world’s largest courier service said Tuesday. Speaking at a panel at the World Economic Forum, Frank Appel, CEO of Deutsche Post criticized the reduction of individual and corporate tax rates in the […]

Uber is working on delivering a better quality of service for its users around the world. Speaking at the World Economic Forum (WEF) in Davos, CEO Dara Khosrowshahi said he wanted to ensure Uber could “truly stand for safety” at a time when it was developing a new system to enhance its passengers’ experience. “We […]

Stock markets might be continuing their run higher this year but Nobel Prize-winning economist Robert Shiller told CNBC Tuesday that a market correction could come at any time and without warning. “People ask ‘well what will trigger it (a market correction)?’ But it doesn’t need a trigger, it’s the dynamics of bubbles inherently makes them […]

The U.S. decision to impose tariffs on imported solar cells will “jack up” the prices of solar panel installations for a “while”, the CEO of European utility firm Enel said Tuesday. In an announcement Monday, the U.S. Trade Representative Robert Lighthizer said that President Donald Trump had approved recommendations to impose “safeguard tariffs” on both […]

Financial institutions have fewer tools to deal with a crisis than ever before, according to Kenneth Rogoff. But the Harvard economics professor said Tuesday he remains optimistic that a financial crash isn’t imminent. “If we have another financial crisis, there isn’t even a plan A,” with regard to what central banks would do, Rogoff told […]

João Doria was elected as mayor of Brazil’s largest city, Sao Paulo, in 2017 although he has been tipped as a possible contender for president. Doria has tapped into the populist vote in Brazil although when asked if he would run for leader later this year, when a general election will be held in October […]

Britain’s competition regulator said Rupert Murdoch buying all of Sky was not in the public interest because it would give the media mogul too much influence, but set out possible remedies that could allow the $15 billion deal to go ahead. The initial ruling complicates a plan by Walt Disney Co to buy many of […]