Meanwhile, back in the real world, real people are getting on with handling the real problems imposed by life and economics; holding down a job, feeding a family, trying to get through another day.
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Zuma is now at the World Economic Forum (WEF) in Davos, Switzerland where the country’s delegation is selling South Africa as a safe and lucrative investment destination.
He also quipped about seeking a “personal” loan from International Monetary Fund chief Christine Lagarde, who is also on hand.
As described by the World Economic Forum, the “Fourth Industrial Revolution” is “a ideal storm of business model change in all industries, resulting in major disruptions to labor markets”.
The annual Davos meeting brings together numerous world’s wealthiest and most powerful people to consider issues such as economics, climate change and war, with an eye to working on solutions to them.
Chinese Vice President Li Yuanchao told Bloomberg News on Thursday that his government has no intention of devaluing the yuan.
Mount Royal University political analyst David Taras applauded Nenshi’s response to the prime minister’s comments and said downplaying the country’s resources could cause Trudeau political trouble. “There is no need for it, it is terribly inefficient and expensive”, said John Cryan, chief executive of Deutsche Bank, during a discussion on fintech, according to Reuters. But Zarif said, “I refused”.
The annual World Economic Forum in the Swiss ski resort of Davos is about global diplomacy.
If offered a good deal at the summit, Cameron said he would take it.
“(Trudeau) has put another question mark around the government’s attitude towards resources”, he said. He called on governments to support the private sector and pointed to Silicon Valley as a model of creativity.
The accelerating development of technology accompanied by the rise of robots and artificial intelligence (AI) will exacerbate social inequality around the world, a World Economic Forum survey has suggested. Countries need to create a situation in Syria where refugees can return home if they wish, he said. Li said: “The economy will grow more steadily and have more diversified driving forces”.
Fatih Birol says energy efficiency has been driven not so much by environmental concerns in recent years but an interest in saving money, which is disappearing as fossil fuels become cheaper.
“In Davos, marketing can be just as important as high growth rates”.
While Trudeau’s public address was an opportunity to showcase Canada to the global economic elite, the Canadian Premier has also been holding private meetings with power players from the business community.
He said: “That happens at a time there is a weakness in the rest of the world”.
Increasingly, Winnie Byanyima says, average citizens are looking for solutions that are “outside the mainstream of politics”.
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Rutte, often referred to as Cameron’s best friend in the European Union leaders club, said Europe needs Britain to remain in the European Union as the country is outward-looking and trade-oriented, attributes that the stagnant economic region needs. Byanyima co-chaired last year’s Davos gathering, and Oxfam is among several NGOs involved in forum activities.
