Davos 2019

Microsoft's CEO Satya Nadella at the annual meeting of the World Economic Forum in Davos on Tuesday (AP)
Microsoft's CEO Satya Nadella at the annual meeting of the World Economic Forum in Davos on Tuesday (AP)

Stuck in a trade war, tech pitches Davos on innovation

  • Global leaders and technology chieftains agreed on the need for stricter government oversight
  • There was an undercurrent of anxiety over bilateral trade tensions and the potential impact on the global economy

FILE PHOTO: Logo of Saudi Aramco (Reuters)
Attendees are seen during the World Economic Forum annual meeting in Davos, Switzerland (Reuters)
Attendees are seen during the World Economic Forum annual meeting in Davos, Switzerland (Reuters)

Davos bankers try to put brave face on gloomy outlook

  • Trade tensions between the US and China are hurting investor sentiment worldwide
  • Chinese economy was slowing in part because of the trade tensions but still growing at a pace that would make most other countries 'truly envious', StanChart's Halford said

From left: Blackstone CEO Stephen A. Schwarzman, Sinochem Group chairman Ning Gaoning, former RBI governor Raghuram G Rajan and Bank of America CEO Brian T. Moynihan during the annual meeting of the World Economic Forum in Switzerland on Tuesday (AP)
From left: Blackstone CEO Stephen A. Schwarzman, Sinochem Group chairman Ning Gaoning, former RBI governor Raghuram G Rajan and Bank of America CEO Brian T. Moynihan during the annual meeting of the World Economic Forum in Switzerland on Tuesday (AP)

'Super star' firms giving a lot for free, but will it continue? asks Rajan  

  • The concern is not so much about today, but tomorrow, says former RBI governor
  • We also need to know who is paying for things that consumers get free of cost, he adds

A file photo of Microsoft CEO Satya Nadella. Photo: Abhijit Bhatlekar/Mint
IMF chief economist Gita Gopinath. Photo: Ramesh Pathania/Mint
Construction workers build a temporary pavilion in front of Hotel Belvedere in Davos, Switzerland. (Reuters)
Construction workers build a temporary pavilion in front of Hotel Belvedere in Davos, Switzerland. (Reuters)

Dateline Davos | NGOs must fail to succeed

  • As the world’s elite gather at Davos this week, there is growing demand to bring the benefits of risk-taking and failure to the social sector
  • Progress on this issue will require candid communication between social entrepreneurs and the philanthropic community

Bolsonaro will carry the most crucial plan to tackle a budget deficit that hovers around 7% of gross domestic product — a draft proposal to cut pension outlays and save as much as 1 trillion reais over 10 years. (AP)
Bolsonaro will carry the most crucial plan to tackle a budget deficit that hovers around 7% of gross domestic product — a draft proposal to cut pension outlays and save as much as 1 trillion reais over 10 years. (AP)

Brazil Is Back in the Game, New Leader Will Tell Davos Investors

  • Bolsonaro will have to plug Brazil's budget deficit by cutting expenditures and finding additional sources of revenue
  • Brazil has a sizable consumer market with pent-up demand of quality goods and services