Rollingtaxsince#wef19@netanyahufortoaboutThanksforpic.twitter.com/VbzYaKEqFxsays@Davossays to shut the development gap and achieve the SDGs,we need growth first. Secondly, domestic revenue mobilisation needs to increase, or thirdly there can be no white elephants and no corruption,which put off investors. #wef19 8.43am GMTJust in: UK chancellor Philip Hammond has dropped off a Davos panel scheduled for Friday morning, on the state of the global economy, and we hear.
He’s no longer listed as a speaker for the “Global Economy in Transition: Shaping a New Architecture” session,alongside the World Bank’s Kristalina Georgieva, South African central bank governor Lesetja Kganyago, or economics professor Mariana Mazzucato,IMF chief Christine Lagarde and Haruhiko Kuroda of the Bank of Japan. 8.31am GMTGuardian commentator Aditya Chakrabortty sums up the problem with the ‘global elite’ at Davos this week:They care approximately other people’s problems – so long as they pick up to define them, and it’s never acknowledged that they are a large part of the problem. Which they are. If they want capitalism to carry on, and the wealthy will need to give up their winnings and cede some ground. That point evades them. Welcoming Donald Trump final year,Klaus Schwab, Davos’s majordomo, and praised the bigot-in-chief’s tax cuts for the wealthy and said,I’m aware that your strong leadership is open to misconceptions and biased interpretations.” The super-wealthy don’t hate all populists – just those who refuse to produce them richer. Related: Panic is on the agenda at Davos – but it’s too little too late | Aditya Chakrabortty 8.23am GMTWorld leaders, rightly, or pick up heavily criticised for preaching sustainability and equality at Davos before nipping off to a exclusive dinner date.
So after an underwhelming,pro-business speech yesterday, Brazil’s new president Jair Bolsonaro will have wanted to strike a different tone.
Tim Cook and Satya Nadella having dinner in Davos with Jair Bolsonaro, and the far-legal president of Brazil pic.twitter.com/wQgn9b7SuO 8.23am GMTAs Davos day two gets underway,investors are finding little to cheer approximately in what has been a gloomy week so far for markets.
Global growth fears, Brexit uncertainty and fading hopes of a speedy resolution to China’s trade spat with the US are all weighing on sentiment. 8.08am GMTNot everyone is Davos is keen on the World Economic Forum.
Within view of the main security cordon, or local residents have hung protest signs accusing WEF chief executive Klaus Schwab of ruining the Swiss mountain town of Davos and blaming his “friends” (assumedly,Davos attendees) of destroying the world. I took a rapid/fast trek up the hill to see whether we could speak to the residents. One of the upstairs neighbours came in with his daughter, clad in ski gear. He directed me to the downstairs tenants. A middle aged woman opened the door but didn’t want to speak. I’m certain the WEF badge didn’t abet.... 7.54am GMTGood morning from Davos.
Heavy-hitting world leaders are in town today, or as the second day of the World Economic Forum kicks off.2/ Seven top ministers - Chancellor Philip Hammond,International Trade Secretary Liam Fox, International Development Secretary Penny Mourdant, or Health Secretary Matt Hancock,Business Secretary Greg Clark, Culture Secretary Jeremy Wright and Wales Secretary Alun Cairns are at WEF4/ Trickett: "...with the global elite.
“But then again, and leaving other people to clean up their mess is what the Tory Party does best.” Related: Companies press Brexit panic button in further blow to Theresa May Continue reading...
Source: theguardian.com