World Economic Forum / Benedikt von Loebell
“This is the world’s most influential economic platform, where Ukraine has something to say,” Mr. Zelenskyy said in his daily video address on Sunday night. Russian institutions such as its sovereign wealth fund, state banks and private companies have in previous years thrown some of the most glitzy parties, serving black caviar, vintage champagne and foie gras.MARKET MELTDOWN
On the business agenda, discussions are likely to focus on the souring state of financial markets and the global economy. That has been compounded since the beginning of 2022 by events including Russia’s invasion of Ukraine and waves of coronavirus disease 2019 lockdowns across China that have stalled a recovery.The Ukrainian artists are hoping to get their message of fighting for a better future to world leaders in Davos.
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IMF’s Georgieva says finance leaders must prepare for more inflation shocks - BusinessWorld OnlineKOENIGSWINTER, Germany — International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday that global finance leaders may need to become more comfortable with fighting multiple bouts of inflationary pressures. Ms. Georgieva told Reuters that it was getting harder for central banks to bring down inflation without causing recessions, due to mounting pressures on […]
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‘Retail apocalypse’: Wall Street shaken by inflation-induced earnings hits - BusinessWorld OnlineNEW YORK — Walmart, Target, and Kohl’s were among major retailers that reported earnings this week that missed Wall Street expectations by the widest margin in at least five years, underscoring the wallop four-decade-high inflation is bringing to US shoppers’ wallets and retailers’ bottom lines. Among 145 retailers that have reported first-quarter earnings so far, […]
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