Regional elections deal blow to governing socialists in Spain
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Prime Minister Pedro Sanchez’s Socialist party suffers heavy defeat at local elections, ahead of general vote later this year.
Archive List for Squawk Box
ChatGPT shows risks to jobs market, says WEF MD
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Saadia Zahidi, managing director at the World Economic Forum, discusses the motivators behind the changes expected for the global workforce over the next five years.
Financial stability concerns could be on the horizon in Europe, economist says
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Ludovic Subran, chief economist of Allianz, says food inflation is still worryingly high in Europe and the European Central Bank will announce at least another two interest rate hikes.
ABB CEO: Saw highest first-quarter performance in company’s history
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Björn Rosengren, CEO of ABB, lauds the company’s highest first-quarter performance in history and weighs in on potential IPOs and the outlook for the rest of the year.
Prices dropping in raw materials having a favourable impact, AkzoNobel CEO says
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Gregoire Poux-Guillaume, CEO of AkzoNobel, discusses first-quarter earnings.
UBS CEO: Credit Suisse transaction is not risky
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Sergio Ermotti, USB CEO, says the Credit Suisse deal is not risky and will create benefits in the long run.
A recession is coming — and equity markets won’t come through it unscathed, strategist says
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Chris Watling, chief executive of Longview Economics, discusses the prospect of an economic recession and the outlook for equity markets and company earnings.
Signs that bank lending is decreasing amid rate hikes, ECB policymaker says
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Constantinos Herodotou, governor of the Central Bank of Cyprus and European Central Bank policymaker, says there is evidence that bank lending is softening as a result of ongoing interest rate hikes. However, he adds that the terminal rate for ECB hikes remains data dependent.
U.S. hard landing remains a possibility, IMF says
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Gita Gopinath, the IMF’s first deputy managing director, warns that a U.S. downturn is still “within the realm of possibilities.” She adds that Europe is facing a “significant slowdown” this year, despite withstanding the multiple crises of 2022.
No crisis repeats itself in exactly the same way, professor says
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George Papaconstantinou, professor and dean at the European University Institute and former Greek finance minister, discusses the global banking crisis involving Silicon Valley Bank and Credit Suisse and the changes that have taken place since the 2008 financial crisis.