DAVOS 2023
On the table or on the menu? A new power play begins at the UN
Partners for Multilateralism, or P4M, unites diverse nations to reform global institutions. This new grouping reflects a changing global mood and a desire for greater maneuverability. Countries seek more influence in a multipolar and contested international system. P4M offers an open framework for issue-based coalitions across different political traditions. It signifies a new mood where middle powers think beyond established alliances.
Ryan Reynolds bought into Mint Mobile and turned himself into its unlikely spokesman; 4 years later, T-Mobile agreed to pay up to $1.35 billion for its parent company
Ryan Reynolds bought into Mint Mobile and turned himself into its unlikely spokesman; 4 years later, T-Mobile agreed to pay up to $1.35 billion for its parent company. Reynolds owned about 25% of the carrier and earned an estimated $300 million to $337.5 million from the sale. His role extended beyond ownership as his agency Maximum Effort created and starred in Mint’s ads, helping build the brand before T-Mobile completed the acquisition in 2024.
Canada’s trade war is forcing a rethink of who its friends are
Canada faces a trade war with the United States after imposing significant tariffs. Prime Minister Mark Carney stated Canada was attacked and retaliated accordingly. This conflict highlights Canada's deep economic dependence on its southern neighbor. Diversification efforts are underway, but trusted partners remain limited. Canada must expand its strategic trust beyond familiar cultural spheres.
Davos turns into fortress, thousands of army, policy and civil security personnel take guard
Davos, the highest town in Europe, is heavily secured by 5,000 Swiss army personnel for the annual World Economic Forum meeting. The event will see high-profile attendees from business, government, and international organizations. Security includes restricted air traffic, extensive checks, and participation from all Swiss cantons, with funding shared between the WEF, federal government, and local entities.
Artificial Intelligence takes centre stage, pushing crypto aside in Davos
In a sudden shift, artificial intelligence (AI) has pushed cryptocurrency firms aside at the 2024 World Economic Forum and has been seen dominating the main strip in Davos, as reported by the CNBC.
Davos: IKEA prices to fall despite Red Sea disruptions, says CEO Jesper Brodin
Global commerce has been affected by Houthi militants' attacks on ships in Yemen, leading to shipping disruptions and rerouting vessels around the southern tip of Africa, resulting in longer and costlier journeys.
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Maharashtra: The state is strategically poised to lead the charge towards India's $5 trillion-economy dream
The state government established the Economic Advisory Council of Maharashtra 2023, a confluence of 21 leaders from diverse sectors to assess opportunities and identify the necessary enablers to achieve our objective. Our holistic growth strategy, guided by the principle of 'Panchamrut', prioritises farmers, women, tribals, infrastructure development, employment and eco-friendly practices, and ensures that everyone is included in the wave of progress.
Union ministers Vaishnaw, Irani, Puri, 2 CMs likely to attend WEF Davos meet
Union ministers Ashwini Vaishnaw, Smriti Irani and Hardeep Singh Puri as well as Maharashtra Chief Minister Eknath Shinde and Karnataka Chief Minister Siddaramaiah are likely to visit the snow-laden picturesque Swiss resort town Davos next month for the World Economic Forum's Annual Meeting. RBI Governor Shaktikanta Das, India's G20 Sherpa Amitabh Kant and some ministers from Tamil Nadu, Uttar Pradesh and Telangana may also be in Davos for the annual gathering of rich and powerful from across the world.
WEF recognised need to count women participation in local bodies in its gender gap report: Smriti Irani
The World Economic Forum (WEF) ranked India at 135 out of 146 countries in its Global Gender Gap (GGG) Index for 2022. India's rank has been low in the index for the past several years. The government has time and again rejected the index, saying that the index does not give a complete picture as it does not include women elected to local bodies.
Notes from Davos: Until next time
The last day was just half day of sessions which saw stalwarts like Christine Lagarde, President, ECB, Kristalina Georgieva, MD, IMF and Kuroda Haruhiko, Governor of the BoJ, Larry summers of USA & Le Marie the French finance minister in action. The sessions were lively no doubt. But more importantly the big takeaway was that it was not all gloom and doom about the world economy.
Moods @ Davos: Of parties, restaurants and unsung heroes
A new feature in Davos this year was the presence of three food trucks on the Promenade, opposite Hotel Europe, offering a range of cuisine including French, Greek and Tibetan momo’s.
Davos 2023:UAE and India discussing settling non-oil trade in rupees
The minister said other countries, including China, had also raised the issue of settling non-oil trade payments in local currencies. He added that the UAE is hoping to conclude a trade agreement with Cambodia in the first quarter.
What's World Economic Forum, what happens at Davos summit?: Here is everything about WEF
Established in 1971 by the German economist Klaus Schwab, the World Economic Forum is an international non-governmental lobbying organisation based in Geneva, Switzerland. The foundation is mostly funded by its 1,000 member companies - typically global enterprises with more than $5 billion in turnover – as well as public subsidies.
Youtuber Prajakta Koli aka 'MostlySane' to cover World Economic Forum at Davos 2023
Famous YouTuber of Mumbai, Prajakta Koli will be among six YouTubers to cover the World Economic Forum at Davos 2023.
Brazil prez Luiz Inacio Lula da Silva removes military guards at presidential palace
Last week, Lula told reporters that security force members were complicit in letting a mob of supporters of far-right former President Jair Bolsonaro storm the main buildings that form the seat of power in Brasilia. Diplomatic row between Guatemala, Colombia deepens over graft probes.
India in advanced stage to deliver on global plan for new TB vaccine by 2025: Mansukh Mandaviya
Tuberculosis caused 1.6 million deaths globally in 2021, making it the world's leading cause of death from infectious disease, before COVID-19 surpassed it.
Notes from Davos: The ultimate networking platform
The Winter Davos World Economic Forum (53rd)meeting kicked off yesterday evening at the sprawling Congress Centre. This year is headed for the highest participation and is a signal that everyone is invested in reviving the “Contact Economy”.
Davos 2023: CEOs buzz about ChatGPT-style AI at World Economic Forum
Generative artificial intelligence, tech that can invent virtually any content someone can think up and type into a text box, is garnering not just venture investment in Silicon Valley but interest in Davos at the World Economic Forum's annual meeting this week.
Davos 2023: Europe, NATO to build Ukraine unity in Russian no-go zone
The World Economic Forum (WEF), which returns to its winter slot in the high-end Swiss ski resort this week, was once the deal-making playground for Moscow's tycoons but since Russia's invasion of Ukraine glitzy parties and investment meetings with Russian politicians, executives and academics are no more.
Davos 2023: Global recession seen likely in 2023 -WEF survey
Definitions of what constitutes recession differ around the world but generally include the prospect of shrinking economies, possibly with high inflation in a "stagflation" scenario. On inflation, the WEF survey saw large regional variations: the proportion expecting high inflation in 2023 ranged from just 5% for China to 57% for Europe, where the impact of last year's rise in energy prices has spread to the wider economy.
Open letter to leaders participating at Davos 2023
The World Economic Forum must put the spotlight on climate change, energy security, and the role of renewables in addressing these issues. This letter is my humble attempt to draw your attention to climate change, a critical threat to human life as we know it and the role of renewable energy, the most powerful tool in our armoury to help combat it.
Notes from Davos: India @ Davos 2023
India has a strong representation and has one of the largest contingents. The Ministerial delegation includes four cabinet ministers, Smriti Irani, RK Singh, Mansukh Mandaviya and Ashwini Vaishnaw. Three ministers are first timers in Davos; but if last week’s preparatory meeting was any indication, the ministers are already up to speed with their narrative on India.
View: White Davos is back in 2023
At the Davos meet, WEF aims to get the world to work together. The annual meeting will see world leaders discuss issues related to inflation, low growth, geopolitical risks and social vulnerabilities.
Back to snow: World Economic Forum reverts to January for 2023 gathering
Many participants at this year's event, which ends on Thursday, have welcomed occasional sunshine, alpine spring flowers and screeching swifts circling overhead as a welcome change from sub-zero temperatures and perilous icy sidewalks. Others have missed the winter wonderland atmosphere.
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