World Economic Forum

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Jamie Dimon Is Blunt on Trump's Tariffs: 'Get Over It'

JPMorgan Chase CEO says they're good for national security

(Newser) - Put JPMorgan Chase CEO Jamie Dimon in the camp that's just fine with President Trump's potential tariffs. Speaking from the World Economic Forum in Davos, Switzerland, Dimon had this to say to CNBC's Andrew Ross Sorkin: "If it's a little inflationary, but it's good...

Swiss: Israeli President Hit With Criminal Complaints Post-Davos

It's not clear what the complaints against Isaac Herzog entail as war in Gaza continues

(Newser) - Friday is the final day of the World Economic Forum's annual get-together , but for one world leader, his visit to Davos has led to a criminal complaint, or complaints, against him. Reuters reports that Israeli President Isaac Herzog was in the Swiss city on Thursday, there to speak about...

'Disease X' Isn't Here Yet, but Preparations Are Being Made

World leaders, health experts set up for pandemic that could potentially be far worse than COVID-19

(Newser) - World leaders and health experts are coming together to combat a serious international epidemic that's thankfully hypothetical at this point. If the COVID-19 pandemic taught us anything, it's that health care systems and economies can be easily overwhelmed by the global spread of a little-understood disease. Enter "...

Anti-Poverty Group: We're Entering a 'Decade of Division'

Oxfam says we could see the world's first trillionaire within 10 years

(Newser) - The world could have its first trillionaire within a decade, anti-poverty organization Oxfam International said Monday in its annual assessment of global inequalities timed to the gathering of political and business elites at the Swiss ski resort of Davos. Oxfam, which for years has been trying to highlight the growing...

New Report Holds a 'Predominantly Negative Outlook for the World'

World Economic Forum annual risk survey warns of misinformation, aided by AI

(Newser) - Two-thirds of risk specialists see an "elevated chance of global catastrophes" in the next decade. Nearly a third predict the same within the next couple of years. That's according to the World Economic Forum's annual risk survey, which is being widely painted as "gloomy" and "...

Gender Parity Index Puts Japan Near Bottom

Report says world has a long way to go for equality—about 132 years

(Newser) - The World Economic Forum's new Gender Gap Report found that Japan compares well with other nations in women's access to education and health. In Japan's political and economic fields, however, women's participation is still low, driving the nation's ranking to 116th among the 146 countries...

Mnuchin on Greta's Fossil Fuels Comment: Go to College

Treasury secretary takes a jab at Swedish climate activist at Davos

(Newser) - The person from the Trump administration usually criticizing Greta Thunberg is President Trump himself . On Thursday at the World Economic Forum in Davos, Switzerland, however, Treasury Secretary Steven Mnuchin decided to get in on the action with a jab against the 17-year-old Swedish climate activist. The talk had turned to...

At Davos, Trump Talks Up America's 'Blue-Collar Boom'

President also had a lot to say about impeachment trial

(Newser) - On the first day of President Trump's impeachment trial, Republican senators stymied Democrats' attempts to bring additional evidence and witnesses, but on the witness topic, Trump says he actually wants to see those like chief of staff Mick Mulvaney and former national security adviser John Bolton brought in to...

Report: Russian Spies Posed as Plumbers in Davos

Though Russia raises some questions about the report

(Newser) - It sounds like the plot of a movie: Police in Davos, Switzerland, believe Russian spies attempted to infiltrate this week's World Economic Forum by posing as plumbers, according to a local report and the Financial Times . Suspicion first arose when police questioned two Russian men back in August, after...

In Davos Speech, Trump Rejects 'Prophets of Doom'

President decries climate 'alarmists'

(Newser) - President Trump addressed the World Economic Forum in Davos on Tuesday and said "predictions of apocalypse" from "prophets of doom" should be rejected, reports the BBC . Trump spent most of his speech touting the US economy, but he briefly took aim at climate activists. "These alarmists always...

Oxfam: 42 People Now Have as Much as World's Poorest 3.7B

82% of wealth generated in 2017 went to 1%

(Newser) - Last year was another bumper year for the very richest people in the world and another step backward for billions of others, according to Oxfam's annual report on inequality ahead of the World Economic Forum in Davos. The report estimates that the lowest-income 50% of the world, or around...

Extreme Weather Seen as Major 2018 Risk

World Economic Forum ranks them ahead of global forum

(Newser) - Humans are "pushing systems to the brink, from extinction-level rates of biodiversity loss to mounting concerns about the possibility of new wars," according to the World Economic Forum . On the upside, a stronger economic outlook means global leaders will have "a golden opportunity" to address some of...

Only One Country Beat US for Most Competitive Economy

Switzerland is No. 1 in World Economic Forum ranking

(Newser) - One of Donald Trump's platforms during the presidential campaign was to "restore America's competitive edge," but the US might not be doing so shabby after all. Quartz , which features the World Economic Forum's new Global Competitiveness Report , notes that the United States has actually ascended...

The Vacation Nation You'll Want Tickets For

Spain tops World Economic Forum's list of top countries for tourists

(Newser) - "Siestas before sangrias" is all we need to hear to get us to visit Spain, a perk noted by Travel + Leisure , but that's not the only reason it's at the top of the World Economic Forum's 2017 ranking of the best countries for tourism and...

Alibaba Founder: US Spent $14T on the Wrong Thing

'You're supposed to spend money on your own people,' not war, Jack Ma said

(Newser) - Tempted to blame China for your economic woes, America? Take a look in the mirror instead. That was the message of Alibaba founder Jack Ma Wednesday at the World Economic Forum in Davos, Switzerland, where he wagged a finger at the US for blowing $14 trillion on war efforts over...

8 Men Are as Rich as World's Poorest 3.6B

Oxfam calls for crackdown on tax-dodging

(Newser) - A group of people that could fit into a minivan is richer than enough of the world's population to fill nearly 50 million school buses, according to Oxfam's latest shocking report on world inequality. Eight extremely wealthy men, six of them American, have as much wealth as the...

Billionaire Tells Rest of Us to Live More Modestly

Jeff Greene currently has a $195M estate on the market

(Newser) - Jeff Greene describes the $195 million price tag of a 23-bathroom Beverly Hills estate he's spent seven years building—and has now put on the market—as "quite reasonable." He lives in a 35,000-square-foot estate in Palm Beach, Fla., with its own private beach. And when...

By Next Year, Richest 1% to Own More Than Other 99%
By Next Year, Richest 1% to Own More Than Other 99%
new report
Jan 19, 2015 7:47 AM CST

By Next Year, Richest 1% to Own More Than Other 99%

Oxfam calls for 7-point plan to address inequality

(Newser) - The rich really are getting richer—and by 2016, they'll own more than the rest of the world, says a research paper published by anti-poverty charity Oxfam. The paper shows that global wealth owned by the richest 1% jumped from 44% in 2009 to 48% in 2014, putting this...

85 Richest People Have as Much Money as Poorest Half
85 Richest People Have as Much Money as Poorest Half
NEW REPORT
Jan 20, 2014 7:23 AM CST

85 Richest People Have as Much Money as Poorest Half

And wealthiest 1% of population has 46% of world's wealth: Oxfam report

(Newser) - Here's a shocking detail from a new Oxfam report: The poorest half of the entire global population, comprised of 3.5 billion people, has as much money as the wealthiest 85 people around the world. How much is that, exactly? More than $1.6 trillion. And if you look...

The Global Elite Are Getting Worried—Finally
The Global Elite Are
Getting Worried—Finally
david Frum
Jan 28, 2013 1:46 PM CST

The Global Elite Are Getting Worried—Finally

Unelected leaders must take some responsibility: David Frum

(Newser) - Today's global elite are "answering to constituents who grow more dissatisfied ... and information-rich," observes Ian Bremmer at the Huffington Post —and as they gather at Davos, they appear concerned about their "increasing vulnerability." That's a very good thing, notes David Frum: "Over...

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