WEF 2023: Where Is Ukraine Headed?

As the war in Ukraine is inching towards its one-year completion, uncertainty and complexity are mounting. So far, the conflict has killed tens of thousands of military personnel and civilians and forced nearly eight million Ukrainian refugees to flee across Europe.  On the other side, the continuous support of the West to Ukraine and Russia’s solid military power keeps the war at a stalemate. At the World Economic Forum’s Davos Summit, Ukrainian president Volodymyr Zelenskyy appealed to supply more arms and weapons to his war-torn country. Zelenskyy said, “Our collective…

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Davos Summit 2023: Event For Impact Or Stage For Dressing And Talking?

Once again, global political leaders and business tycoons dressed up in fancy clothes arrived in snow-covered Davos to discuss various aspects of the cascading and connected crises that threaten a polycrisis at the World Economic Forum’s (WEFs) annual meeting.  As fear of a possible recession is high along with a global economic slowdown, Davos decked up to host the WEF’s annual jamboree— touted as one of the biggest summits of the year where politics meet business to talk, talk and talk for a few days before departing to their respective…

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“Stay The Course”: Experts Urge Central Bankers To Keep Fighting Inflation

“Stay the course”, said economic experts at the annual summit of the World Economic Forum in Davos as they urged the central bankers to keep fighting inflation, despite signs of improvement. They noted that the signs of declining inflation, resilient consumer spending and strong labour markets, among others, suggest that growth could be rebounding in the short term. During a panel session on the global economic outlook, Kristalina Georgieva, Managing Director, International Monetary Fund (IMF) said, “My message is that it is less bad than we feared a couple of…

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Israeli, Palestinian Business Leaders Commit To Support Palestine’s Economy Amid Conflict

Israeli and Palestinian business leaders at the World Economic Forum Annual Meeting 2023 committed to working together to support Palestinian resilience in the face of increased political uncertainty that threatens the viability of the two-state solution. This comes after thirty years of signing the landmark Oslo Accords between the two countries.  At the meeting, Palestinian and Israeli business leaders released a joint statement reinforcing their commitment to work together to reduce alarming social and economic disparities against a grim political landscape threatening the prospect of the two-state solution. Both countries…

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Davos 2023: Carbon Should Be Priced Properly, Experts Say

Utilising inexpensive fossil fuels has made progress possible, but it has also created an environmental risk that could result in irreparable harm. The countries need to cut carbon emissions somewhere between 25-50 per cent by 2030, firmly stated Kristalina Georgieva, Managing Director, International Monetary Fund (IMF) at World Economic Forum (WEF) 2023.  Bill Winters, Group Chief Executive, Standard Chartered Bank, responded to the damage inflicted by the firms, stating that the decision-making process for every organisation, including banks, would be radically different if they knew they are taxed for what…

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Security, Peace In Ukraine Must Outpace Russia’s Attack: Prez Zelenskyy At WEF Davos

“We can’t continue with the old rules and laws regarding global, climate and food security as all of them should be amended with new ones. We need the feat of decision-making in this civilised world. Security and peace in Ukraine must outpace with out-pacing life and democracy against Russia’s attacks,” the Ukrainian president Volodymyr Zelenskyy spoke his heart out at the World Economic Forum on Wednesday. In his virtual address, Zelenskyy said, “you need one second to start the war but many days to encounter it with the same force…

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Equity Amidst Transition Is The Need For Future of Work :Experts At Davos

Nearly 40 million full-time work hours have been lost in middle-income countries, according to a data shared by Geoff Cutmore, English Financial Journalist on CNBC, who was moderating a panel of significant dignitaries at the World Economic Forum 2023 on ‘Future of Work’.  The year 2023 is again an important consecutive year in terms of revival and revitalisation of the different industries after the pandemic, especially the service sector across the globe which is facing layoffs and quitting on a large scale. Sharing views on the behalf of International Labour…

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Longevity Is A Blessing And Not A Curse, Experts Say At Davos

The industry has frequently depicted longevity as a curse, but we should all embrace longevity as a blessing, asserted Lard Friese, Chief Executive Officer and Chairman of the Management Board, Aegon NV at World Economic Forum 2023.  Highlighting the challenges, Friese mentioned that one shouldn’t be naive about these difficulties. Longevity in general is a blessing as long as the industry develops awareness and resilience among the customers, he added.  According to Darryl White, CEO of BMO Financial Group, there used to be a modular structure to life that comprised…

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India Well Positioned In Energy, Supply Chain Transitions: Tata Sons Chairman

In the middle of global challenges like a possible recession, economic slowdown and war, India is uniquely positioned in digital, energy and supply chain or geopolitical transitions, said Natarajan Chandrasekaran, Chairman, Tata Sons on Tuesday.  During a session on “India’s Road to a USD 10 Trillion Economy” at the 53rd World Economic Forum (WEF) annual meeting, he said that there are three global transitions happening in every country (developed or developing)—artificial intelligence (AI), energy and supply chain transitions.  On why India is uniquely positioned, he said, “We have a great…

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To Have Security, You Need To Have Zero Trust : Satya Nadella at WEF 2023

“In order to have trust and security, you need to have zero trust.” When the executive chairman and CEO of Microsoft Satya Nadella says these words while sharing his views on cyber security, he makes people drop their jaws in surprise. Nadella was in conversation with the chairperson of World Economic Forum Klaus Schwab at the Annual Meeting of the WEF in Davos on Wednesday. “Digital Technology has become much more pervasive in our lives. Cyber security issues are on rise. We have developed end to end infrastructure in Microsoft…

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