Davos round-up: Citi’s lazy homeworkers, Credit Suisse’s ‘horrifying year’ and ESG investing gets political January 17, 2023 As some of the world’s most important bankers gather at the World Economic Forum in Davos to discuss an array of economic, political and social challenges, City A.M. wraps up some of the top lines from the day. Credit Suisse’s “horrifying year” Credit Suisse’s own chair, Axel Lehmann, described 2022 as “a horrifying year for [...]
Wealthy nations should pay more for low-emission air travel, Heathrow boss tells Davos elites January 17, 2023 Wealthy nations should pay more for low-emission air travel, Heathrow’s boss John Holland-Kaye told business and political leaders gathered in Davos today. “The wealthy people in this room and the wealthy nations should be funding the energy transition in aviation,” Holland-Kaye said, speaking at an event on the future of travel at the World Economic [...]
Which senior bankers have made the trip to Davos? January 16, 2023 The world’s rich and powerful return to Davos this week as the world grapples with a challenging set of economic issues. The topic for this year’s meeting – which has returned to its normal January timeslot – is Cooperation in a Fragmented World. The basic tenet guiding the meeting is that “the current crises, [...]
Manchester United at Davos: Why has the for-sale Premier League club set up shop at the World Economic Forum? January 16, 2023 Manchester United have insisted that the club’s pop-up venue at Davos is not designed to drum up interest among the world’s super-rich in a possible £8bn sale. United’s owners, the Glazer family, put them on the market in November and bankers are reported to have invited bids for minority or majority stakes by next month. [...]
Insurers grapple with transition to a greener world August 10, 2022 Last week, a coalition of thirteen of the UK’s major insurers vowed to cut their supply chain emissions as part of the Sustainable Markets Initiative’s (SMI’s) sustainable supply chain pledge. In signing the SMI pledge, the 13 insurers and brokers – including Axa, Phoenix, Lloyd’s, and Direct Line – vowed to work with their suppliers [...]
EC chief Von Der Leyen lashes out at Putin as she calls out ‘Russia’s blackmail’ on food and fuel May 24, 2022 Ursula von der Leyen, President of the European Commission, today denounced Russian aggression and its use of “hunger and grain to wield power”, in an address at the World Economic Forum in Davos. “Global cooperation is the antidote to Russia’s blackmail,” she said. Her message focused on strategic priorities for Europe since the invasion. Boosting military spending [...]
Watch: Davos boost for $18bn health fund that will fight pandemic setbacks and combat AIDS May 24, 2022 A global health fund has raised a third of the $18bn it says is needed to reverse setbacks caused by the coronavirus pandemic and combat AIDS, malaria and tuberculosis, with the latest boost coming from funding announced at this year’s Davos meeting. Watch the video report.
World Economic Forum kicks off first Russian free Davos meeting since the fall of the Soviet Union May 22, 2022 The World Economic Forum (WEF) has refused to invite a single Russian to its annual conference in Davos this week, in what is set to be the first Davos conference without any Russians since the fall of the USSR. The WEF’s annual meeting – which is set to be the first in-person Davos conference since [...]
Liz Truss makes de-escalating trade disputes with US a top priority January 29, 2021 Trade minister Liz Truss has said she will make it her top priority to de-escalate trade disputes over steel and aircraft subsidies with the United States. Speaking at this year’s virtual Davos summit, Truss said countries must “resist protectionism”, and that there should not be tariffs between the UK, the EU and the US. “On [...]
World Economic Forum to be held in Singapore in May December 7, 2020 From Davos ski fields to Singapore: World Economic Forum now heads to Southeast Asian city-state