The World Bank’s president reflects on how the current market turmoil is affecting developing countries.
Eric Schmidt, the chief executive of Google, likes to stay connected.
When panellists at a session on mobile technology in Davos were asked to reveal just how many mobile devices they had about their person, Schmidt emerged the clear winner, pulling out a record haul of four – BlackBerry, mobile phone, iPhone and wireless camera.
One of the better themes emerging at Davos is how everybody is mad at bankers. Here’s the thinking – First they lose billions and billions of dollars making subprime loans, quite possibly bringing down the economy in the process, then they go and allow some kid trader to lose $7 billion dollars playing with matches, or, er derivatives, or futures or something.