United Nations Secretary-General António Guterres denounced Wednesday during his appearance before the World Economic Forum (WEF) in Davos, Switzerland, that many countries were on the brink of recession, amid growing inflation in economies still to recover from the Covid-19 pandemic.
Brazil's Minister of Finance Fernando Haddad and the Minister of Environment Marina Silva will be the official representatives to the World Economic Forum, (WEF) scheduled for January 16/20 in Davos, Switzerland and the message from the delegation to global investors is that the weekend's turmoil belongs to the past and Brazil is ready to play its important role in international politics.
A report released by the Davos-based World Economic Forum (WEF) highlighted that countries should increase by 66% the number of employees in the green economy, which includes agriculture and fisheries, sustainable construction, environment, civil, and chemical engineering sectors. The document also pointed out that 37% more doctors and teachers were needed.
The IMF managing director warned that interest rate hikes by the Federal Reserve could have serious implications for counties with high levels of debt in dollars, cold water on already weak economic recoveries, or in the process of negotiating debts.
Brazilian economy minister Paulo Guedes said that inflation will become a long-term challenge for Western countries, since the beast is already out of the bottle, and central bankers have been caught sleeping at the driving wheel.
The World Economic Forum (WEF) has said Argentina's future was anything but promising as a result of the lethal combination of inflation and the state's financial collapse.
Russian President Vladimir Putin criticized the growing influence of U.S. social media companies and said their impact on society now puts them in competition with elected governments.
By Gwynne Dyer – Donald Trump's speech to the World Economic Forum in Davos on Monday contained no surprises: half an hour of chest-thumping self-praise, although without the usual xenophobia and dog-whistle racism. It was, after all, an audience of the ultra-rich and powerful in which most of the movers and shakers were not American.
Venezuela President Nicolas Maduro goaded opposition leader Juan Guaido during a rally in Caracas on Thursday, taunting his rival for failing to unseat him. A year ago, parliament speaker Guaido launched a challenge to Maduro's authority by declaring himself acting president, a move backed by more than 50 countries.
US financier and philanthropist George Soros on Thursday pledged one billion dollars for a new university network project to battle the erosion of civil society in a world increasingly ruled by would-be and actual dictators and beset by climate change.