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SAP CEO says cloud pivot that hit stock took courage

CEO Christian Klein knew SAP's cloud transformation would temporarily devastate its stock. Now shares are at a record high.

Rheinland pfalzUnited kingdomPrarthana prakashMarkus kameithPeter vanhamRoly keatingKing frederikTim lambRussian central bankEuropean unionAssociated pressWorld economic forumBritish libraryWorld economicDigital markets act

Employees want better benefits over raises

While half of employers plan to increase compensation next year, workers say they really want better benefits.

United statesNew yorkOrianna rosa roylePaige mcglauflinJohn kellPrarthana prakashKevin ellisJen fisherJennifer mossKim bellWashington postNew york timesKanye westOrianna rosaSenior partner

CEOs at Davos have mixed feelings about AI

Only 32% of CEOs have adopted generative AI, says a new PwC survey released ahead of the World Economic Forum.

United statesNew yorkSwitzerland generalRobin vinceElon muskIron swanVolodymyr zelenskyLi qiangOrianna rosa roylePrarthana prakashBob moritzKanye westAlan murrayNew york timesUs national security adviser jake sullivanChinese premier li qiang

Don t expect interest rate cuts anytime soon, says former Fed bank examiner

This will have an impact on the big U.S. banks, according to Mark T. Williams.

United statesPrarthana prakashErno rubikRohit bahetyJane fraserJazelle lopezDavid livingstoneMark masonSheryl estradaXenith solutionsXenith management groupCor industriesSilicon valley bankWells fargoSignature bankUs labor department

WEF president: the world resembles 19th-century Europe

In Davos, the 2024 World Economic Forum warns that cooperation on peace and security issues is declining.

Czech republicSwitzerland generalUnited kingdomUnited statesPeter vanhamPrarthana prakashJacques vandermeirenKanye westYves bernaertDaniel kretinskyOrianna rosa roylePaul salehWorld economic forumGlitchy fujitsuConservative partyPrime minister

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