World Economic Forum

WEF says Brexit Puts Britain's Economic Competitiveness At Risk

Britain's economic competitiveness pit risk by Brexit

Britain's economic competitiveness is at risk because of the Brexit vote. June 23 referendum will surely affect its current status being on the top for decade, say WEF.

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Shandong Appears First Service Robot In A Restaurant

Young generation threatened by ‘Fourth Industrial Revolution’; Fears smart robots will easily take over in future

A huge rise in automation, against a backdrop of an outdated education system, have left the young generation fearing for their jobs in the coming future. A survey shows that 80% of the workforce feel the dire need of upgraded skills and know-how, at par with the rapid technological changes.

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Oil majors to preserve dividends despite oil collapse, tap debt

Europe's oil majors will strike a sober note in their fourth-quarter results and investors will focus on companies' plans to maintain cherished dividends and their strategies to cope with the oil prices collapse that caught many unawares.

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Liberia Ebola vaccine trial 'challenging' as cases tumble

A steep fall in Ebola cases in Liberia will make it hard to prove whether experimental vaccines work in a major clinical trial about to start in the country, the head of the U.S. National Institutes of Health (NIH) said on Saturday.

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Benoit Coeure

After wave of QE, onus shifts to leaders to boost economy

Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

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Garment Manufacturing

Low pay, few jobs cost women in poor countries $9 trillion a year: charity

Women in poor countries lose out on $9 trillion a year - more than the combined gross domestic products of Britain, France and Germany - because they are paid and employed less than men, ActionAid said on Friday.

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Dealmakers in Davos see more M&A despite geopolitical risks

Low borrowing costs, currency shifts and the hunt for both cost savings and growth opportunities will drive a steady flow of merger and acquisition deals this year despite geopolitical tensions, according to business leaders meeting this week.

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Christophe Weber

Incoming Takeda CEO ready to do deals after refocusing drug company

Takeda Pharmaceutical, Japan's largest drugmaker, is ready to look at doing deals now that it has refocused operations, its incoming chief executive said on Wednesday.

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Guy Ryder

ILO chief laments failure to tackle inequality at Davos

World leaders meeting in Davos this week are likely to agree that inequality is a problem but unlikely to do anything about it, the head of the International Labour Organization said.

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Chinese Premier Li Keqiang

China's economy can avoid hard landing: Premier Li

China's economy can avoid an sharp drop in growth, Premier Li Keqiang said on Wednesday as he promised to accelerate China's switch to an economic model driven by science and innovation.

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European Commission

EU launches tech startup accelerator and think tank to follow Silicon Valley's success

In a bid to match Silicon Valley's success, the European Commission (EC) launched the Startup Europe Partnership tech startup accelerator and the European Digital Forum think tank at the World Economic Forum in Davos.

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Sberbank CEO Herman Gref

OAO Sberbank Chief Gref voices support for Bitcoin

Herman Gref, the Chief Executive of state-run Russian bank OAO Sberbank, has called on the Kremlin to prevent restrictions to the Bitcoin as lawmakers consider curbs, Bloomberg reported.

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Jamie Dimon

US financial leaders caution Bitcoin could be used to fund illegal activities

US Treasury Secretary Jack Lew and JPMorgan Chairman & Chief Executive Officer Jamie Dimon cautioned on the dangers of using the Bitcoin and predicted that regulation would most likely end it, the Financial Times reported.

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Galeao Airport

Odebrecht and Changi to buy Rio Airport for USD8.3 billion

The Galeao airport in Rio de Janeiro was sold to Odebrecht and its partner Changi Airports International for USD8.3 billion, a value almost four times the minimum bid.

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