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DAVOS, Switzerland, Jan 17, 2024 (AFP) – The World Trade Organization’s chief Ngozi Okonjo-Iweala on Wednesday said she was “less optimistic” about world trade in 2024, pointing to tensions in the Red Sea. The head of the international trade body said weaker global economic growth, “worsening geopolitical tensions, the new disruptions we see in the Red Sea, on the Suez Canal, the Panama Canal” meant “we are less optimistic”. She was speaking to journalists at […]
Davos, Switzerland (AFP) by Adam PLOWRIGHT German Chancellor Olaf Scholz faced rising pressure Tuesday from his European partners to authorise the export of Leopard tanks to Ukraine. The issue will be one of the most pressing in the in-tray of newly-named German Defence Minister Boris Pistorius, a surprise choice for the vacant position who was unveiled on Tuesday. Leaders and ministers from Finland, Lithuania, Poland and Britain have added their voices to a growing clamour […]
Davos, Switzerland (AFP) – US elder statesman Henry Kissinger said Tuesday that Russia’s invasion shows there is no longer a point to keeping Ukraine out of NATO, the long-held aspiration of Kyiv that he had opposed. The 99-year-old former secretary of state and apostle of realpolitik has for months advocated a ceasefire in the Ukraine war that would in effect accept some military gains by Russia. But speaking virtually to the World Economic Forum in […]
London, United Kingdom (AFP) The cost-of-living crisis will be the biggest global risk over the next two years, a survey by the World Economic Forum warned Wednesday ahead of its Davos meeting next week. Global inflation remains at sky-high levels after energy and food costs rocketed last year following the invasion of agricultural powerhouse Ukraine by major oil and gas producer Russia. Supply constraints caused by the Covid pandemic have also contributed to decades-high consumer […]
by Laurent Thomet © Agence France-Presse Davos, SWITZERLAND (AFP) — The Davos summit of global political and business elites returns Monday after a Covid-induced two-year break to face another momentous crisis: Russia’s invasion of Ukraine. The theme of the World Economic Forum, “History at a Turning Point”, sets the tone for the four-day meeting in the glitzy Swiss mountain resort that will be dominated by the political and economic fallout from the conflict. When the […]
BEIJING, China (AFP) — Chinese President Xi Jinping warned on Monday that confrontation between major powers could have “catastrophic consequences” in a speech to world leaders at an all-virtual Davos forum. For the second year in a row the face-to-face gathering of political and corporate power players in the Swiss Alps has had to go online thanks to a coronavirus pandemic that shows no sign of abating. Xi opened proceedings with a speech much like the […]
PRETORIA, South Africa (AFP) — South African President Cyril Ramaphosa on Tuesday lashed “vaccine nationalism,” accusing rich countries of bulk-buying coronavirus vaccines and hoarding them to the detriment of others. Addressing the all-virtual 2021 World Economic Forum (WEF), Ramaphosa said low- and middle-income countries were being shouldered aside by wealthier nations able to acquire “up to four times what their population needs”. “We are concerned about vaccine nationalism,” he warned. “Rich countries in the world are […]
DAVOS, Switzerland (AFP) – Stuart WILLIAMS Britain’s Prince Charles on Wednesday told business leaders at the Davos economic forum that wealth was of no use if it doesn’t help tackle climate change, as he met Swedish teen activist Greta Thunberg and warned over the perils of global warming and environmental damage. Charles, the eldest son of the Queen and heir to the throne, met Thunberg in Davos on the same day as President Donald Trump […]
DAVOS, Switzerland (AFP) – Sebastian SMITH and Alex PIGMAN President Donald Trump tore into environmental “prophets of doom” at the Davos forum Tuesday, rejecting fiery warnings from teenage campaigner Greta Thunberg and talking up his own record in a counterpoint to impeachment back home. Thunberg was in the audience in the Swiss Alps to hear the typically bullish speech by Trump, delivered just before the US Senate opened the crucial next stage in his trial […]
PARIS, France (AFP) – Patrick GALEY Some of the world’s biggest banks, insurers and pension funds have collectively invested $1.4 trillion in fossil fuel companies since the Paris climate deal, Greenpeace said Tuesday at the start of the World Economic Forum in Davos. With the climate emergency expected to be front and centre at the annual summit of the world’s business elite, the charity accused some institutions in attendance of failing to live up to […]
GENEVA, Switzerland (AFP) – Hundreds of climate activists, young and old, embarked on a three-day march on Sunday to the make their voices heard at the 50th World Economic Forum in the Swiss town of Davos. The group, brandishing banners warning “Climate crisis: a world economic failure” and “there is no Planet B,” urged political and business leaders to take responsibility for averting environmental catastrophe as they set off from the small town of Landquart some […]
PARIS, France (AFP) – Stuart WILLIAMS Global decision-makers gather in Davos starting Tuesday for their annual meeting, with challenges facing the planet — from climate change to conflict in the Middle East — as imposing as the Alps that surround the Swiss resort. Observers fear the annual World Economic Forum will serve only to again expose the differences between East and West, the US and the EU, and business and activists in combating the most […]
