NEWSWORTHY
Billionaire George Soros warned of the dangers of artificial intelligence in the hands of authoritarian regimes such as China and called the country's president, Xi Jinping, "the most dangerous" opponent of open societies. "The instruments of control developed by artificial intelligence give an inherent advantage ...
Hitachi boss says nationalization is 'only path' to save Wales nuclear plant project
Hitachi's frozen nuclear power project in Britain can only be revived if it is nationalized, the Nikkei business paper reported the company's chairman as saying on Wednesday. "Nationalization is the only path," Hiroaki Nakanishi was quoted as saying at the World Economic Forum Annual Meeting ...
CEOs at Davos sour on Trump policies, warning they hurt business and investment
From center-stage in Davos last year, President Donald Trump told the world's corporate bosses that America is a great place to invest. It hasn't quite turned out that way. Foreign direct investment to the United States fell in 2018, and companies gathered at the World ...
On the sidelines of the World Economic Forum Annual Meeting on Wednesday, Prime Minister Shinzo Abe made a sales pitch for sake produced in Fukushima Prefecture. At the Japan Night event in Davos, Abe advertised Yamato no Kokoro, produced in Fukushima's Aizuwakamatsu from rice that ...
Bolsonaro says Brazil must reform or it will become the next Venezuela
Brazilian President Jair Bolsonaro pledged swift and sweeping measures to fix the economy and ward off what he said was a risk that Latin America's largest nation turns into a Venezuela-style regime. Plans to sell a large number of state-owned companies are nearly ready, and ...
Afghan CEO Abdullah Abdullah urges patience amid talk of U.S. troops withdrawal
Afghanistan's chief executive is urging the world not to give up on his impoverished country after the Trump administration suggested the United States could withdraw troops. Afghanistan has struggled with corruption, political instability and a long Taliban insurgency, frustrating efforts to stabilize it. U.S. President ...
Abe calls for rebuilding of trust in international trade at World Economic Forum meeting in Davos
Prime Minister Shinzo Abe took the stage at the World Economic Forum's 2019 Annual Meeting in Davos, Switzerland, on Wednesday, where he stressed Japan's commitment to enhancing a free, open and rules-based international order. Flying in from Moscow and appearing in front of the audience ...
In Davos address, Mike Pompeo hails 'disruption' in global politics as evidenced by Trump and Brexit
U.S. Secretary of State Mike Pompeo on Tuesday praised a wave of "disruption" in world politics, citing Donald Trump and Brexit but also pointing to elections in France and Malaysia. Addressing the world's business elite in the Swiss ski resort of Davos, Pompeo renewed Trump's ...
IMF cuts growth forecast as world economy is expected to slow in 2019 amid trade tensions
The world economy absorbed more bad news Monday: The International Monetary Fund cut its growth forecast for 2019. And China, the world's second-biggest economy, said it had slowed to its weakest pace since 1990. The IMF cut its estimate for global growth this year to ...
The world's 26 richest people now own the same wealth as the poorest half of humanity, Oxfam said Monday, warning that "out of control" inequality is stoking popular anger and threatening democracies. "We are seeing rich people running away with wealth and poor people sinking ...
Year of reckoning follows men (and one specific woman) to annual Davos extravaganza
These are uncomfortable times for the archetypal men of Davos — and at least one woman. Established in 1971 to support a global, capitalist vision of the future, the World Economic Forum in Davos, Switzerland, this year also offers a reminder of the public humbling ...
Davos billionaires keep getting richer — as world's have-nots just keep getting poorer
The global elite descending on Davos are richer than ever. A decade after the financial crisis poured flat champagne on the World Economic Forum, gold-collar executives set to gather there this week have bounced back, and then some. David Rubenstein has doubled his fortune since 2009. ...
