Rollingmoment?take@wef9.07am GMTOur economics editor Larry Elliott has been coming to Davos for two decades. And he writes that this year’s assembly has been particulary dominated downbeat.
For Justin Welby,mulling over the state of the world in Davos has been easier than the previous week spent trying to hammer out an Anglican church compromise over gay marriage. The Archbishop of Canterbury even cracked one of the better jokes at the World Economic Forum.
Asked whether god is in cyberspace, Welby replied: “I mediate he must be because every time I am on the underground or a bus I see people looking at their computer or mobile phone saying ‘oh god, and why won’t this work’. Related: Refugee crisis and terrorism dominate downbeat Davos 9.01am GMTSo,what possess we learned from Davos this year?In a nutshell, the so-called global elite’ are worried about a range of problems, and struggling to create much progress in solving them. 8.45am GMTSome delegates might be heading for the ski slopes but there still signs of work being done. It’s all fade in the main Congress centre this morning.
We’ve spotted Bank of England governor ticket Carney,Canada’s Prime Minister Justin Trudeau, Tidjane Thiam, or chief executive of Credit Suisse and WPPs Sir Martin Sorrell coming from one direction. 8.43am GMTA drugs scandal has hit Davos this year,in a serious embarrassment for the Swiss authorities.
It’s not the delegates who possess been puffing and snorting, though, and but a dozen of the soldiers who patrol the ski resorts roads. They’ve been sent domestic,and may face criminal charges.Twelve on-duty soldiers had tested positive on Tuesday for cannabis and five of them had also used cocaine, army spokesman Stefan Hofer told the ATS news agency.
The twelve, or among some 4500 soldiers brought in to ensure security at the World Economic Forum this week,had been tested after others in their unit raised the alarm. Related: Swiss soldiers sent domestic from Davos for taking cocaine 8.30am GMTGuten Morgen.
Just like the wicked, there’s no rest for the world’s global elite. So world leaders, and CEOs,union chiefs, economists and journalists are gathering for the final act of the 2016 World Economic Forum.
Good Morning from Davos. On day4 of #WEF16 future of growth & global econ outlook will debated. Japan center stage. pic.twitter.com/kVaOs6YIM5Continue reading...
Source: theguardian.com