Full Speech of Chinese FM in Davos Forum 2014
Published on Jan 24, 2014
Wang Yi is in discussion with Harvard Professor Joseph Nye, who is also former US Assistant Defense Secretary, and former US National Intelligence Council Chairman.
China has kept close engagement with the World Economic Forum and has sent delegations to the forum's annual meetings since 1979. In June 2006, the forum opened its regional office in Beijing.
Davos 2014 - Changing the Climate for Growth and Development
Published on Jan 24, 2014
An unprecedented international effort will be made in September during the UN General Assembly to energize leaders to successfully negotiate a climate change agreement and set new goals for ending extreme poverty globally.
How can government and business work together to ensure that this extraordinary effort leads to action?
· Ban Ki-moon, Secretary-General, United Nations, New York
· William H. Gates III, Co-Chair, Bill & Melinda Gates Foundation, USA
· Al Gore, Vice-President of the United States (1993-2001); Chairman and Founder, Generation Investment Management, USA
· Jim Yong Kim, President, The World Bank, Washington DC
· Ngozi Okonjo-Iweala, Coordinating Minister for the Economy and Minister of Finance of Nigeria
· Paul Polman, Chief Executive Officer, Unilever, United Kingdom
· Erna Solberg, Prime Minister of Norway
· Mishal Husain, Anchor and Reporter, BBC, United Kingdom
Lionel Barber previews Davos 2014
Published on Jan 20, 2014
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$170 Million HOTEL Keeps RICH & POWERFUL ELITE, Super SAFE
Published on Jan 22, 2014
$170 Million InterContinental HOTEL Keeps RICH & POWERFUL ELITE, Super SAFE at Davos World Economic Forum
Intercontinental Hotels Group has opened a property in the Swiss city of Davos, home to the annual World Economic Forum.
The 216-room Intercontinental Davos looks out over Lake Davos and is "enveloped by 790 gold-coloured steel elements" while its interior is designed to reflect the feel of a chalet.
It features four restaurants, two bars, a spa and both indoor and outdoor swimming pools.
Peter H Pedersen, the hotel's general manager, said: "We are proud to bring Intercontinental Davos to this beautiful location. Whether for business or pleasure, we look forward to sharing our unique hotel and stunning surroundings with our guests."
Located in east Switzerland, Davos is the largest skiing resort in the country, and is home to the annual World Economic Forum, which takes place next week from January 22 to 25.
The InterContinental Davos luxury hotel in the Swiss mountain resort of Davos. Oxfam report found people in countries around the world believe that the rich have too much influence over the direction their country is heading.
The world's wealthiest people aren't known for travelling by bus, but if they fancied a change of scene then the richest 85 people on the globe -- who between them control as much wealth as the poorest half of the global population put together -- could squeeze onto a single double-decker.
The extent to which so much global wealth has become corralled by a virtual handful of the so-called 'global elite' is exposed in a new report from Oxfam on Monday. It warned that those richest 85 people across the globe share a combined wealth of £1tn, as much as the poorest 3.5 billion of the world's population.
The wealth of the 1% richest people in the world amounts to $110tn (£60.88tn), or 65 times as much as the poorest half of the world, added the development charity, which fears this concentration of economic resources is threatening political stability and driving up social tensions.
It's a chilling reminder of the depths of wealth inequality as political leaders and top business people head to the snowy peaks of Davos for this week's World Economic Forum. Few, if any, will be arriving on anything as common as a bus, with private jets and helicopters pressed into service as many of the world's most powerful people convene to discuss the state of the global economy over four hectic days of meetings, seminars and parties in the exclusive ski resort.
Winnie Byanyima, the Oxfam executive director who will attend the Davos meetings, said: "It is staggering that in the 21st Century, half of the world's population -- that's three and a half billion people -- own no more than a tiny elite whose numbers could all fit comfortably on a double-decker bus."
Oxfam also argues that this is no accident either, saying growing inequality has been driven by a "power grab" by wealthy elites, who have co-opted the political process to rig the rules of the economic system in their favour.
Annual report gauging mood of CEOs detects perception of stability amid fear of overregulation and growing deficits
The report says: "The optimism some CEOs display may therefore stem from the relief that certain risks (such as the collapse of the eurozone) have been averted for now, rather than the conviction that things are really getting better."
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However, tax campaigners put pressure on David Cameron, who is attending the four-day gathering in the Alpine resort later this week, to make good on the promise to crack down on corporate tax-dodging he made in his "wake up and smell the coffee" speech at Davos last year.
PwC's report says fortunes in the so-called Brics emerging economies are diverging: China's economy appears robust, it reports, while Brazil is said to be suffering a debt hangover, India to be slow to open its markets, Russia unduly reliant on commodity exports and South Africa impeded by regulation. The report also says the UK is becoming a more attractive place for investment.
Published on Jan 21, 2014