The announcement that US President Trump is to visit Switzerland later this month to attend the annual meeting of the World Economic Forum, WEF, has prompted mixed reactions. While a spokesman for the Swiss government said it was “delighted” that President Trump was coming to the mountain resort of Davos, centre-left politicians have made their displeasure clear.
With rising economic strains on one side and ever more environmental concerns on the other, the world could soon find itself in the perfect global storm, the World Economic Forum warned in a report on Tuesday.
There is an urgent need for the United States to tackle the deficit in the government's finances since the size of the exposure risks creating instability in the financial markets, according to the International Monetary Fund. However the IMF says the global economic recovery is gaining strength.
Last year at the World Economic Forum, Bill and Melinda Gates called for the next ten years to be the decade of vaccines. This week as talks reconvene in Davos, Switzerland, Gates in partnership with the United Kingdom, has donated an additional $120 million dollars to fight polio in particular. This news comes in light of the Global Health Fund fraud accusations that Gates has $150 million invested in.
David Cameron and George Osborne have insisted they will stick to their spending cuts programme despite deepening economic gloom and renewed threats of co-ordinated strike action.
The World Economic Forum Global Agenda Council on Organised Crime, meeting in Davos, has issued a three page report on the international organised crime situation.
United Nations Secretary General Ban Ki-moon today called for “revolutionary action” to achieve sustainable development, warning that the past century’s heedless consumption of resources is “a global suicide pact” with time running out to ensure an economic model for survival.
Billionaire financier George Soros warned on Wednesday that Europe could potentially fall apart because of the two-speed Europe of haves and have-nots that is being perpetuated by the reform of the embattled euro.
European leaders and business people met on Thursday at the World Economic Forum in Davos, Switzerland. President Sarkozy said both he and German Chancellor Angela Merkel were firm in their commitment to the European single currency.
Adjusting to the “new reality,” was top of the agenda at the World Economic Forum on Tuesday. Some 2,500 business leaders, politicians and social activists are looking forward, while trying to anticipate unexpected shocks, it was reported.