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Companies fear protracted slump – World Economic Forum

May 19, 2020 - 4:35 PM

(UPDATED) Company risk managers surveyed by the World Economic Forum fear an extended downturn and bankruptcies as a result of the coronavirus pandemic

LOCKDOWN. A woman crosses a road in front of closed shops on the outskirts of Moscow, Russia, on April 11, 2020. Photo by Kirill Kudryavtsev/AFP

[ANALYSIS] How do we survive? The rise of data colonialism and digital dictatorships

Jan 27, 2020 - 12:42 PM

The following is a speech delivered by historian Yuval Harari at the 2020 World Economic Forum Annual Meeting, in its session entitled 'How to Survive the 21st Century'

ACT NOW. A participant walks past a wall showing a quote by Indian pacifist Mahatma Gandhi at the UN Climate Change Conference COP25 at the 'IFEMA - Feria de Madrid' exhibition center in Madrid, December 13, 2019. Photo by Cristina Quicler/AFP

Greta Thunberg says climate demands 'completely ignored' at Davos

Jan 24, 2020 - 8:30 PM

'We had a few demands (coming into the World Economic Forum). Of course these demands have been completely ignored. We expected nothing less,' the teenage climate activist said.

GRETA AT DAVOS. Swedish climate activist Greta Thunberg (C) marches during a 'Friday for future' youth demonstration in a street of Davos on January 24, 2020 on the sideline of the World Economic Forum annual meeting. Photo by Fabrice Coffrini/AFP

U.S. tells Thunberg to 'study economics' in Davos climate spat

Jan 24, 2020 - 12:35 AM

The spat between US Treasury Secretary Steven Mnuchin and Greta Thunberg highlights the tensions over climate change at the World Economic Forum in Davos

MNUCHIN. US Treasury Secretary Steven Mnuchin attends a session at the Congres center during the World Economic Forum in Davos, on January 21, 2020. Photo by Fabrice Coffrini/AFP

Suspected Russian 'plumber' spies found in Davos in 2019

Jan 21, 2020 - 11:33 PM

A Swiss newspaper says the two men, who were stopped but not arrested in August 2019, were suspected of carrying out 'preparatory work' for spying on the World Economic Forum, which is taking place in Davos this week

Trump rejects climate 'prophets of doom' as Thunberg warns Davos

Jan 21, 2020 - 6:30 PM

(UPDATED) Meanwhile, Greta Thunberg underlines the message that has inspired millions around the world – that governments are failing to wake up to the reality of climate change

TRUMP AT DAVOS. US President Donald Trump delivers a speech at the Congress center during the World Economic Forum  annual meeting in Davos, on January 21, 2020. (Photo by Fabrice Coffrini/AFP

Filipinos find it hard to move up the social ladder – WEF

Jan 20, 2020 - 3:25 PM

The Philippines ranks 61st out of 82 countries in social mobility, says the World Economic Forum's inaugural Global Social Mobility report

Trump and Thunberg face off as Davos warms to climate action

Jan 17, 2020 - 9:23 PM

From climate change to tensions in the Middle East, via trade conflicts and fears of pandemics, over 3,000 delegates at the World Economic Forum will thrash out challenges as imposing as the Swiss Alps

CLIMATE ACTION. In this file photo taken on January 25, 2019, Swedish youth climate activist Greta Thunberg holds a placard next to students during a "School strike for climate" held on the sidelines of the World Economic Forum (WEF) annual meeting in Davos, Switzerland. Photo by Fabrice Coffrini/AFP

Davos bosses sound alarm over climate, political fires

Jan 15, 2020 - 6:06 PM

The World Economic Forum says the survey is a call to arms as wildfires rage in Australia and governments struggle to articulate collective action on climate change

WORLD ECONOMIC FORUM. In this file photo taken on January 21, 2019, a man walks past a sign of the World Economic Forum (WEF) ahead of the WEF annual meeting at the Congress Centre in Davos, eastern Switzerland. File photo by Fabrice Coffrini/AFP

Trump to headline Davos summit

Jan 14, 2020 - 10:35 PM

The meeting's theme this year is 'Stakeholders for a Cohesive and Sustainable World' and it will place an emphasis on a more inclusive model of capitalism

TRUMP IN DAVOS. US President Donald Trump waves after delivering his speech during the World Economic Forum (WEF) annual meeting on January 26, 2018 in Davos, eastern Switzerland. Photo by Fabrice Coffrini/AFP

Brazil President Jair Bolsonaro to skip Davos meeting

Jan 09, 2020 - 12:27 PM

A Brazilian delegation will still be present, though details are still unclear

BOLSONARO. Brazilian President Jair Bolsonaro gestures during the commemoration ceremony of the National Volunteer Day, at Planalto Palace in Brasilia, on August 28, 2019. File photo by Evaristo Sa/AFP

Philippines drops to No. 16 in Gender Gap Report 2020

Dec 17, 2019 - 6:20 PM

The World Economic Forum notes a considerable widening of the political empowerment gap in the Philippines

FEMALE WORKERS. Female laborers in the Philippines have long struggled for fair practice. File photo from AFP

Gender workplace equality 257 years away – WEF

Dec 17, 2019 - 12:59 PM

While women appear to be gradually closing the gender gap in areas such as politics, health and education, workplace inequality is not expected to be erased until the year 2276, says a report by the World Economic Forum

A Lebanese woman poses with her face painted with a red hand as she takes part in a march in Beirut on 07 December, 2019. The NGO Abaad joined forces with different feminist groups to help break the silence around crimes of harassment and sexual assault. ABAAD is an independent civil association that aims to achieve gender equality in the MENA region. (Photo credit should read "PATRICK BAZ/ABAAD/AFP-Services") PATRICK BAZ / ABAAD / AFP-Services

PH health care, infra, institutions among worst in the world – WEF

Oct 09, 2019 - 2:00 PM

The Philippines is down 8 spots in the World Economic Forum's 2019 Global Competitiveness Report

Ties between U.S., Russia and China 'dysfunctional' – U.N.

Jan 25, 2019 - 12:18 AM

The dysfunction is evident 'in the economy, but it is also true in the Security Council,' UN chief Antonio Guterres tells the World Economic Forum in Davos

US, RUSSIA, CHINA. A file picture taken on January 25, 2012 shows participants at the World Economic Forum (WEF) annual meeting standing under a sign reading 'World Economic Forum' at the Congress Center in Davos. File photo by Fabrice Coffrini/AFP

'We are losing the race' on climate change – U.N. chief

Jan 24, 2019 - 8:56 PM

'In my opinion [climate change] is the most important global systemic threat in relation to the global economy,' UN chief Antonio Guterres tells business and political leaders at the World Economic Forum in Davos

CLIMATE CHANGE. In this file photo, United Nations Secretary-General Antonio Guterres speaks at the New York University Stern School of Business in New York on May 30, 2017. File photo by Jewel Samad/AFP

U.N. chief urges dialogue in Venezuela to avert 'disaster'

Jan 24, 2019 - 6:35 PM

'What we are worried (about) with the situation in Venezuela is the suffering of the people of Venezuela,' says UN chief Antonio Guterres

ACTING PRESIDENT? Venezuela's National Assembly head Juan Guaido speaks to the crowd during a mass opposition rally against leader Nicolas Maduro in which he declared himself the country's 'acting president,' on the anniversary of a 1958 uprising that overthrew a military dictatorship, in Caracas on January 23, 2019. Photo by FedericoParra/AFP

China, Europe follow Brazil's Bolsonaro onto Davos stage

Jan 23, 2019 - 5:44 PM

Top billing on the World Economic Forum stage will go to Chinese Vice President Wang Qishan, who is tasked with negotiating a truce in the US-China trade war

IN DAVOS. A participant to the to the World Economic Forum annual meeting is seen in silhouette at the Congress Centre on January 21, 2019 in Davos, eastern Switzerland. Photo by Fabrice Coffrini/AFP

World's 26 richest own same as poorest half of humanity – Oxfam

Jan 21, 2019 - 9:23 AM

'The super-rich and corporations are paying lower rates of tax than they have in decades,' and the result, Oxfam says, 'the human costs -- children without teachers, clinics without medicines –- are huge'

RICH GET RICHER. Oxfam said  This file photo taken on June 17, 2014 shows Amazon founder and CEO Jeff Bezos presenting the company's first smartphone, the Fire Phone, in Seattle, Washington. Amazon founder Jeff Bezos became the world's richest person on July 27, 2017, as a jump in the share price of the US tech giant enabled him to overtake Microsoft founder Bill Gates, Forbes magazine estimated. The magazine said its real-time tracking of personal fortunes showed Bezos with a net worth of $90.5 billion, ahead of the $90 billion for Gates. / AFP PHOTO / GETTY IMAGES NORTH AMERICA / David Ryder

Has Davos made the world better?

Jan 20, 2019 - 1:48 PM

The World Economic Forum has been repeatedly criticized for creating a safe space for the corporate world to lobby governments without oversight

KLAUS SCWAB. The founder and executive chairman of the World Economic Forum (WEF) speaks during the 2008 meeting in Davos, Switzerland. Photo from WEF/Wikimedia Commons

Trump grounds House speaker, scraps Davos trip amid shutdown

Jan 18, 2019 - 8:23 AM

(UPDATED) The mess in the US capital already verges on the surreal as Congress feuds with the White House over how to end an impasse now in its fourth week, with thousands of federal workers left unpaid

Globalization 4.0: The Davos 2019 Manifesto

Jan 13, 2019 - 4:24 PM

We have to understand the transformative force of the 4th Industrial Revolution

Drop beef and save millions of lives, slash emissions

Jan 03, 2019 - 10:58 PM

A new research conducted for the World Economic Forum shows that efforts to replace meat and especially beef could provide huge benefits for human health and the environment

'Marginal improvement' in global fight for gender equality – report

Dec 18, 2018 - 1:18 PM

'The directionally positive average trend registered this year is supported by improvements in 89 of the 144 countries covered both this year and last year,' the World Economic Forum says in its Global Gender Gap Report 2018

Philippines climbs to No. 8 in 2018 Global Gender Gap report

Dec 18, 2018 - 11:43 AM

The World Economic Forum says the Philippines has managed to close about 80% of its total gender gap

SLOWDOWN. Exports of semiconductors are expected to slow down in the fourth quarter of the year owing to weak orders from the EU (European Union), China, and Japan, NEDA says. File photo by Agence France-Presse

Philippines' crime, infra among worst globally – World Economic Forum

Oct 17, 2018 - 3:20 PM

The Philippines lags in police services, infrastructure, and ease of doing business, but excels in labor market and macroeconomic stability

U.S. tops global competitiveness rating, despite 'worrying' trends – WEF

Oct 17, 2018 - 10:46 AM

The World Economic Forum uses a new methodology for the 2018 edition of its annual Global Competitiveness Report to reflect shifts in a world increasingly transformed by new, digital technologies

New skills needed as automation shifts job landscape – World Economic Forum

Sep 24, 2018 - 6:30 PM

According to a report by the World Economic Forum, here are primary considerations when it comes to the future of work in the age of automation

5 key themes of a week in Davos

Jan 27, 2018 - 12:39 PM

Here is a recap of 5 key themes that emerged over a week of meetings at the World Economic Forum in the Swiss Alpine village of Davos, which closed on Friday, January 26

DAVOS. US President Donald Trump delivers a speech during the World Economic Forum (WEF) annual meeting on January 26, 2018 in Davos, eastern Switzerland. Photo by Fabrice Coffrini/AFP

Dodging bad headlines and boos, Trump tries to charm Davos

Jan 26, 2018 - 6:50 PM

(UPDATED) Trump's audience boos him when he strays off script during a brief question session after the speech with an attack on the 'nasty,' 'mean,' 'vicious,' and 'fake' press

TRUMP IN DAVOS. US President Donald Trump answers to journalists upon his arrival to address the World Economic Forum (WEF) annual meeting on January 26, 2018 in Davos, eastern Switzerland. Photo by Fabrice Coffrini/AFP

Trump takes 'America First' mantra to skeptical Davos elite

Jan 25, 2018 - 6:44 PM

Trump, who has made 'America First' the touchstone of his year-old administration, touches down in the Swiss city of Zurich aboard Air Force One en route to the World Economic Forum in Davos

TRUMP IN DAVOS. US President Donald Trump waves as he arrives on January 25, 2018 in Zurich en route to the World Economic Forum in Davos. Photo by Nicholas Kamm/AFP

Merkel warns 'protectionism not the answer' to world problems

Jan 24, 2018 - 11:14 PM

German Chancellor Angela Merkel speaks a day before the arrival of US President Donald Trump, whose aggressive trade policies have raised concern among defenders of globalization

ANGELA MERKEL. German chancellor Angela Merkel addreses the annual World Economic Forum (WEF) on January 24, 2018 in Davos, eastern Switzerland. Photo by Fabrice Coffrini/AFP

Snow-bound Davos warms to business-friendly climate

Jan 23, 2018 - 12:19 PM

Undermining rosy data on the world economy are warnings that elite fora such as Davos must start finding solutions for everyone else down the income ladder

SNOWY DAY. A security guard show the way to a man outside of the Davos Congress Centre under snow ahead of the opening of the World Economic Forum (WEF) 2018 annual meeting, on January 22, 2018 in Davos, eastern Switzerland. Fabrice Coffrini/AFP

Macron hosts 140 CEOs in pre-Davos charm offensive

Jan 22, 2018 - 8:39 PM

The business-friendly president will host executives at the Versailles chateau near Paris for an event billed as a warm-up for Tuesday's opening of the World Economic Forum in the Swiss mountains

MACRON. French President Emmanuel Macron gestures as he speaks to the magistrates of the Court of Auditors (Cour des Comptes) during the Court solemn hearing to mark the beginning of the year in Paris on January 22, 2018. Photo by Ludovic Marin/AFP

Merkel to deliver Europe speech at Davos

Jan 19, 2018 - 8:51 PM

German Chancellor Angela Merkel will make the speech on Wednesday, January 24, during a one-day visit to the event, spokesman Steffen Seibert says, adding she would also hold a range of unspecified bilateral talks on the sidelines

MERKEL AT DAVOS. German Chancellor Angela Merkel addresses a press conference on February 9, 2017 in Berlin. File photo by dpa/Maurizio Gambarini/AFP

Trump to make surprise appearance at Davos

Jan 10, 2018 - 9:03 AM

The gathering might seem antithetical to Trump's brand of politics, but the White House insists his message will be the same surrounded by chalets as it would be in Washington

ON TRUMP'S AGENDA. A file picture taken on January 25, 2012 shows participants at the World Economic Forum (WEF) annual meeting standing under a sign reading 'World Economic Forum' at the Congress Center in Davos. Fabrice Coffrini/AFP

Only 5 countries close gender gap in education, health – WEF

Nov 04, 2017 - 1:34 PM

The Philippines reopens its gender gap in health and survival this year, but maintains its gender equality in educational attainment

HEALTH ACCESS. A total of 34 out of 144 countries studied by the World Economic Forum have closed the gender gap on health and survival. Photo by Shutterstock

Global gender gap widened for the first time in a decade – report

Nov 02, 2017 - 7:15 AM

68% of the world’s gender gap has been closed in 2016, says the World Economic Forum’s Global Gender Gap report

GENDER GAP. The 2017 Global Gender Gap report says the world has closed 68% of the gender parity gap.

PH slides to 10th spot of Global Gender Gap report for 2017

Nov 02, 2017 - 7:04 AM

Despite the drop, the Philippines remains the most gender equal country in Asia

GENDER GAP. Philippines remains to be in the top 10 most gender equal countries in the world.

Infrastructure remains weak link in Philippines' competitiveness

Sep 28, 2017 - 9:25 PM

The World Economic Forum's Global Competitiveness Index for 2017-2018 underscores that slow infrastructure development is hampering the Philippines' economy

PH inches up in 2017 WEF Global Competitiveness Index

Sep 27, 2017 - 7:00 AM

However, it falls behind more neighbors, given inadequate public infrastructure and inefficient government bureaucracy

Biggest driver of inequality is corruption – millennials

Aug 30, 2017 - 12:28 PM

56 of youth believe that corruption and lack of transparency should be fixed to address inequality a 2017 World Economic Forum survey reveals

INEQUALITY. A poor household in Navotas City lives in a shanty made of scrap materials. Photo by LeAnne Jazul/Rappler

Young people see climate change as top global challenge – survey

Aug 29, 2017 - 3:02 PM

Next to climate change the other top global challenges according to millenials are large scale conflicts or war and religious conflicts

7 in 10 millennials would welcome refugees in their own country – survey

Aug 29, 2017 - 9:21 AM

Some 74 of the 31 000 millennials surveyed says they empathize with the situation of the refugees data from the World Economic Forum’s WEF Global Shapers Annual Survey reveal

SEEKING REFUGE. Rohingya migrants sit in a boat as they're towed closer to land by fishermen, off the coast near the city of Geulumpang in Indonesia's East Aceh district of Aceh province, before being rescued on May 20, 2015. AFP Photo

Most millennials willing to work abroad for career growth – survey

Aug 28, 2017 - 10:45 PM

The United States remain the top destination of choice for millennials who are willing to work outside of their country of residence according to a World Economic Forum survey

Technology creating, not destroying, jobs – millennials

Aug 28, 2017 - 9:48 PM

A global survey released by the World Economic Forum shows millennials have an optimistic outlook on the impact of technology on job creation

NEXT TREND. Millennials in the Global Shapers Annual Survey 2017 say artificial technology is the next big technology trend.

IN PHOTOS: Honeylet and Kitty in Phnom Penh

May 12, 2017 - 10:55 AM

President Rodrigo Duterte s family members go on a hospital visit and a tour of several attractions in the Cambodian capital

While President Rodrigo Roa Duterte is attending the World Economic Forum (WEF) on the (Association of Southeast Asian Nations) ASEAN 2017 at the Sokha Hotel, in Phnom Penh, Cambodia on May 11, 2017, his First Lady Honeylet and their daughter Veronica take time to show their compassion to the ailing children of the Kantha Bopha IV Children's Hospital. PRESIDENTIAL PHOTO

SWS survey, Duterte, Uson | Evening wRap

May 11, 2017 - 9:19 PM

Watch the evening newscast with Ana Arceo

Duterte pitches for inclusive growth in ASEAN

May 11, 2017 - 6:30 PM

President Rodrigo Duterte says the regional bloc chaired this year by the Philippines must work harder to close the gap between rich and poor

PITCH FOR ASEAN. President Rodrigo Duterte attends the World Economic Forum (WEF) on ASEAN 2017 in Phnom Penh, Cambodia. Presidential photo

Cabinet officials to present PH economic plan at World Economic Forum event

May 11, 2017 - 11:23 AM

Philippine officials are set to hold a press conference on Dutertenomics during the World Economic Forum on ASEAN in Cambodia to attract more investments to the Philippines

WEF PRESENTATION. Public Works and Highways Secretary Mark Villar and Trade Secretary Ramon Lopez arrive in Phnom Penh, Cambodia to attend the World Economic Forum on ASEAN on May, 10, 2017. Presidential photo