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Davos updates: WEF opens amid pessimistic predictions

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    Published January 16, 2024last updated January 16, 2024Political and business leaders have converged on the Swiss resort of Davos to discuss global challenges at the World Economic Forum. Ukrainian leader Volodymyr Zelenskyy will address delegates in person. DW has more.

    https://p.dw.com/p/4bI48

    Conflict, climate change, artificial intelligence and a weak global economy are all vying for attention at DavosImage: Avalon/Photoshot/picture allianceSkip next section What you need to knowWhat you need to knowThe world’s political and business leaders are in Switzerland for their annual meeting about global risks and challenges

    The Davos meeting takes place against a backdrop of conflict that includes the Israel-Hamas war and Russia’s war in Ukraine

    A report released ahead of the World Economic Forum (WEF) warned of the risks of disinformation in a year that sees major elections around the world

    In the longer term, it noted the danger of environmental collapse

    Here’s a look at the latest developments at the WEF in Davos on Tuesday, January 16:

    Skip next section Chinese premier blasts ‘discriminatory’ trade barriersJanuary 16, 2024

    Chinese premier blasts ‘discriminatory’ trade barriersChinese Premier Li Qiang has condemned green and technological trade barriers as he addressed the annual meeting of global political and economic elites in Davos.

    Li said “new discriminatory trade and investment measures” had appeared each year and that “any obstacles or disruptions can slow down or block the flow of lifeblood of the world economy.”

    However, Qiang said his country’s economy was expected to have grown in 2023.

    “Our GDP growth is expected to be around 5.2%, higher than the target of around 5% that we set at the beginning of last year,” Li said.

    World Economic Forum in Davos underway: DW’s Ben FajzullinTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video

    https://p.dw.com/p/4bJ8TSkip next section Qatar PM says addressing Gaza conflict will prevent escalation elsewhereJanuary 16, 2024

    Qatar PM says addressing Gaza conflict will prevent escalation elsewhereQatari Prime Minister Sheikh Mohammed Bin Abdulrahman al-Thani told the World Economic Forum that defusing the Israel-Hamas war in Gaza will stop the escalation on other fronts in the Middle East. 

    He said that concentrating on attacks by Yemen’s Houthi rebels on shipping in the Red Sea, which led to retaliatory strikes by the US and Britain was “focusing on the symptoms and not treating the real issue.”

    Al-Thani, who was among the opening speakers at Davos, said the current regional situation is a “recipe for escalation everywhere.”

    “We should focus on the main conflict in Gaza. And as soon as it’s defused, I believe everything else will be defused,” he said, adding that a two-state solution was required to end the conflict.

    Al-Thani, one of the first speakers at Davos, also warned a military confrontation “will not contain” the Houthi attacks.

    “I think that what we have right now in the region is a recipe of escalation everywhere,” he added.

    https://p.dw.com/p/4bJ2SSkip next section WATCH: WEF opening remarksJanuary 16, 2024

    WATCH: WEF opening remarksFounder and Executive Chairman of the World Economic Forum, Klaus Schwab, its President, Borge Brende and President of the Swiss Confederation, Viola Amherd, hold opening remarks on the first full day of the World Economic Forum.

    https://p.dw.com/p/4bICDSkip next section Who is set to speak today?January 16, 2024

    Who is set to speak today?Delivering the keynote address in person on the first full day at Davos is Ukrainian President Volodymyr Zelenskyy.

    In the face of Russian aggression, Zelenskyy opted to address the last two meetings of the World Economic Forum by video link.

    When making his appeals for assistance this year, he faces increasing war fatigue in European Union capitals and the United States.

    Directly after the opening address by WEF founder Klaus Schwab, Chinese Prime Minister Li Qiang was scheduled to speak. 

    Also set to speak on Tuesday are European Union Commission President Ursula von der Leyen, NATO Secretary General Jens Stoltenberg, and US National Security Advisor Jake Sullivan.

    Microsoft CEO Satya Nadella is scheduled to speak at the conference in the evening.

    Germany is represented for opening day panel discussions by Economy Minister Robert Habeck and Foreign Minister Annalena Baerbock. Chancellor Olaf Scholz will not attend.

    World Economic Forum in Davos addresses global challengesTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video

    https://p.dw.com/p/4bI4eSkip next section WEF report strikes grim note for coming yearJanuary 16, 2024

    WEF report strikes grim note for coming yearThe World Economic Forum is opening after a curtain-raising report struck a gloomy note about challenges that face political and business leaders across the globe.

    The forum always releases a risk report ahead of its annual meeting in the Swiss mountain resort of Davos.

    This year’s assessment warns of particular dangers surrounding the spread of misinformation and disinformation in a year that has seen several major elections worldwide.  The authors noted that the impact of artificial intelligence could make the problem even worse.

    In the longer term, looming climate and environmental risks were seen as the biggest threat, including loss of biodiversity and increased competition for natural resources.

    The overview also highlighted the apparently waning ability of global institutions to deal with escalating problems.

    https://p.dw.com/p/4bI4A

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