The Latest: Biden jokes, talks about future dangers in Davos
A frequent veteran of the 45-year-old World Economic Forum while a U.S. Senator, Biden cracked wise about President Barack Obama for not letting him go as vice president until now as he delivered the WEF keynote address at the renowned Davos conference in the Swiss Alpine snows.
Zhang Yichen, CEO of CITIC Capital, says Chinese authorities are protecting state companies from downsizing, which is a politically delicate issue when it involves job cuts.
Nouriel Roubini, an economist from New York University, claimed investors' reaction in recent weeks was overdone: "Markets tend to be manic depressive — going from excessive optimism to excessive pessimism."
In an AP interview, Iran's foreign minister is decrying what he calls the United States' "addiction to coercion" with its new sanctions against Iran over ballistic missile tests.
The United States on Sunday imposed sanctions against 11 individuals and entities involved in Iran's ballistic missile program as a result of Tehran's firing of a medium-range ballistic missile.
The flow of millions of people, mainly from war-torn Syria, in recent months has put huge pressure on European countries to shut their borders and limit entries.
Among challenges ahead, he said, are how companies can cope with the challenges of robotics and ever-expanding technology, and how to adapt business decisions to the lower carbon emissions promised in a global climate agreement reached by world governments last year.
The executive director of Oxfam International says ordinary people are losing faith in their political leaders and see them "as being in a cosy bed with business and cheating the ordinary person."
In an interview with The Associated Press at the World Economic Forum in the Swiss ski resort of Davos, Byanyima said Oxfam will assess whether it will attend such events in the future, if nothing is done to combat the problems of inequality that Oxfam is fighting.
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