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Sunday, August 9, 2020

Italy prime minister rules out coalition with Berlusconi’s center-right bloc after upcoming election

Italy's Prime Minister Paolo Gentiloni said the expected outcome of a hung parliament would not be good for the country. "I think that the populist anti-EU position will not prevail and that Italy will keep its stability," he said. Italian elections will be held...

Goodbye oil, Saudi Arabia’s future economic growth will come from its mega-cities

Fahd al Rasheed, managing director and chief executive of King Abdullah Economic City, the world's first publicly listed city, spoke to CNBC on Tuesday. He said the Saudi economy was transforming away from oil. Saudi Arabia's economy is entering a post-oil era in which...

Everything you need to know about the 4IR: The Fourth Industrial Revolution

The Fourth Industrial Revolution will take center stage at the World Economic Forum’s (WEF) annual meeting next week in Davos, Switzerland. It’s a term used by CEOs, policymakers and industry to describe technologies like artificial intelligence, quantum computing, 3D printing and the internet of things. Some companies and governments are struggling to keep up with the Fourth Industrial Revolution.

Most people think capitalism does more harm than good, survey shows

78% of respondents to Edelman’s Trust Barometer agreed that elites are getting richer while regular people struggle In the U.S., 43% believed they would be better off in five years’ time, down on last year’s figure Most workers expect their CEOs to speak up on issues such...

IMF chief meets S.Africa’s Ramaphosa in Davos to discuss economy

WASHINGTON (Reuters) - IMF chief Christine Lagarde said on Tuesday she had met with South African Deputy President Cyril Ramaphosa on the sidelines of the World Economic Forum in Davos and agreed that structural challenges were a burden to economic growth in Africa’s largest...

Anti-globalization and isolationist trends must be stopped, India’s Modi tells Davos

Anti-globalization is a big concern, Modi told an audience in Davos Modi gave the opening plenary at the World Economic Forum Modi said that data is a huge asset but that "the flow of global data is creating the biggest opportunities and the...

Germany is suffering from difficulties and polarization for decades, Merkel tells Davos

Her comments come amid continued speculation over Germany, and indeed Merkel's, political future after months of negotiations aimed at forming a coalition government. This after no one party gained a majority in last September's election. Merkel's conservative alliance of the Christian Democratic Union (CDU) and...

At Davos, CEOs must address income inequality

At Davos 2018, CEOs are more optimistic about the economy, but they need to spread the wealth around. Income inequality has become a burning issue for CEOs as they try to build an inclusive work environment. Global leaders of all backgrounds are gathering at...

No Trump in Davos, Brazil’s Bolsonaro a new attraction

Thousands of business, political and cultural leaders are scheduled to return to the Swiss Alpine town of Davos on Monday. The annual forum is seen as an opportunity for international heads of state to come together to try and put the world to rights. The absence of the U.S. president is likely to thrust Brazil’s Bolsonaro into the spotlight, less than three weeks after his inauguration.

Nigeria’s Elumelu at Davos2018, Seeks Foreign Investors’ Support to Boost Entrepreneurship in Africa.

24-01-2018; Lagos Nigeria; The Chairman, United Bank for Africa (UBA) Plc, and Founder, Tony Elumelu Foundation (TEF), Mr. Tony Elumelu, has stressed the need for global organisations and multinational institutions to support the much-needed growth in the African continent; adding that ultimately, such...
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