Bono and TPG team up on impact investing

Bono wants to prove that investments designed to benefit society or the environment is actually delivering on that promise. The U2 frontman announced during Davos that he’s creating a new organization with US private equity firm TPG that will help investors “effectively understand the impact of their decisions.” The firm, Y Analytics, will be based


IMF cuts global growth forecast and warns of trade war and Brexit risks

(CNN Business)The International Monetary Fund is warning that the world economy is slowing — and that it will get worse if countries keep squabbling over trade. The agency’s updated World Economic Outlook lowered estimates for growth in 2019 by 0.2 percentage points to 3.5%, its second downward revision, this time on account of weakness in


Huawei exec says trade war is having a ‘damaging effect’

The trade war between the United States and China carries deep consequences for the tech industry. Ken Hu, Huawei’s deputy chairman, told an audience at Davos earlier Tuesday that the trade war is having a “damaging effect on many of the companies” in the tech industry, including Huawei. “As the technology industry, we heavily rely


Marty Baron: Trump administration let Saudi Arabia off the hook over Khashoggi

Marty Baron, the executive editor of the Washington Post, has admonished the Trump administration and other governments for failing to hold Saudi Arabia to account over the murder of Post columnist Jamal Khashoggi. The Saudi journalist was killed while visiting the kingdom’s consulate in Turkey. “We don’t feel the U.S. government has put enough pressure


King of conservation meets Prince William

Here’s proof that Davos is not just bankers and hedge fund billionaires. Britain’s Prince William stepped into the limelight Tuesday to interview broadcasting legend and conservation advocate David Attenborough. The duo spoke about the effects humans have had on the natural world since Attenborough started his career as a nature TV show presenter six decades


NextMoneyBusinessReview: Season of Mergers

By Alex Ekemenah, Editor, NextMoney   Season of Mergers About two years ago, there were speculations that some of the banks in the country may be weak or sick and that it is just a question of time before the bubble will burst for these alleged weak or sick banks. Accusing fingers were pointed here