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Davos

Heavy snowfall delays Davos arrivals

Davos - Al Maghrib Today

The posh ski resort of Davos was snow-bound Monday after the heaviest precipitation in two decades, hampering the arrival of the world's elite for this week's World Economic Forum (WEF). "In the last six days, 159 centimetres (63 inches) of snow fell on Davos (...) a fall that we observe only every 20 years," Switzerland's Institute for the Study ofRead more

Global unemployment down but working poverty rampant

Geneva - Al Maghrib Today

The global unemployment rate is expected to tick down in 2018, the United Nations said Monday, while warning that far too many workers still live in desperate poverty. The International Labour Organisation forecast a worldwide unemployment rate of 5.5 percent this year, a marginal improvement on the 5.6 percent recorded in 2017, thanks to broad economic growth. But in itsRead more

Davos-bound bosses very upbeat on world economy

Davos - Al Maghrib Today

A record number of bosses are optimistic about global economic growth, according to a PwC study published on Monday at the World Economic Forum (WEF) in Davos. The data will be especially welcome for this year's star WEF attendee US President Donald Trump, with many respondents in the US praising his party's tax cuts for businesses. According to theRead more

Five things to know about Davos

Davos - Al Maghrib Today

With the World Economic Forum kicking off in earnest on Tuesday, AFP presents a guide to the week-long event in the Swiss Alps. - WHAT IS ‘DAVOS‘? - Davos is shorthand for the World Economic Forum (WEF), which in its original guise was founded in 1971 by German business professor Klaus Schwab as a way for European corporate leaders toRead more

Macron hosts 140 CEOs in pre-Davos charm offensive

Paris - Al Maghrib Today

President Emmanuel Macron's campaign for a "French Renaissance" kicks into overdrive Monday as he welcomes 140 multinational business leaders before this week's jamboree of the rich and powerful in Davos. The business-friendly president will host executives at the grand Versailles chateau near Paris for an event billed as a warm-up for Tuesday's opening of the World Economic Forum in theRead more

Bollywood star urges Davos set to fight sexism

Davos - Al Maghrib Today

Bollywood superstar Shah Rukh Khan on Monday urged the economic elite to break down barriers of discrimination against women as they gathered for the Davos forum. The 52-year-old star of Indian blockbuster movies such as "Chennai Express" and "My Name is Khan" appeared at a celebrity gala ahead of the official start on Tuesday of the World Economic Forum's annualRead more

Trump to travel to Davos as shutdown deal reached: W.House

Washington - Al Maghrib Today

US President Donald Trump will travel to Davos as planned this week for a meeting of elites from the worlds of politics and business, after the Senate reached a compromise deal to end a government shutdown, the White House said Monday. "If all things go as expected this afternoon with the re-opening of the government, which we expect they will,Read more

Trump and 'Davos Man': best of enemies

Paris - Al Maghrib Today

A compelling clash of cultures will unfold in the vertiginous Swiss Alps this week as Donald Trump, just over 12 months into his high-wire presidency, confronts the cheerleaders of globalisation in Davos. Having whipped up working-class resentment of the global elite to devastating effect en route to the White House, the US president's "America First" vision will run headlong intoRead more

France to host 140 foreign CEOs for pre-Davos summit

Paris - Al Maghrib Today

Nearly 140 chief executives from companies around the world will gather at the Versailles Palace outside Paris on Monday, as the French government steps up its efforts to attract more foreign investors. President Emmanuel Macron orchestrated what is being billed as an "attractiveness summit" as executives converge for the World Economic Forum in Davos, Switzerland, next week. A handful ofRead more

Trump to meet British PM May in Davos next week

Washington - Al Maghrib Today

US President Donald Trump plans to meet Britain's Prime Minister Theresa May at the World Economic Forum in Davos next week, the White House said Friday. The announcement came after Trump cancelled a planned trip to London, casting further doubt on the strength of the vaunted trans-Atlantic "special relationship." "President Trump looks forward to having a bilateral meeting with UKRead more