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Since January 16, the summit of world elites in Davos. Ecological crisis and inflation worries top managers

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After three weak releases due to the pandemic this year, we’re back to big things. According to Klaus Schwab, who is in charge of the event, which will take place from 16 to 20 January next year, there are more than 2,700 speakers on the agenda. As many as 57 finance ministers who must intervene. The Italian patrol was sparse, with only Valditara expected.

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And we are here again this year. This is the time for World Economic Forum in Davosa series of meetings where politicians and billionaire managers travel in private jets and SUVs to talk about global warming and the regret of people with six-figure salaries poverty and inequality. This year’s edition also has care for linflation ruins families. For example, it was from this small village in the Swiss Alps that the number one Blackrock was born. Larry Fink began its “green turn”. It was later revealed that the company’s investments in fossil fuels continued as before and that the group opposed many of the environmental resolutions discussed at various shareholder meetings.

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After three weak releases due to the pandemic this year, we’re back to big things. Second Klaus Schwab, More than 2,700 speakers are expected to be in charge of the event, which will take place from January 16 to 20 next year. 57 finance ministers are expected to intervene, and the presence of central bankers is also impressive – 17, with strong representation European heads of state and government: President of the Commission Ursula von der Leyen to his deputy Valdis Dombrovskis and President of the European Parliament Robert Metsol. Microphones are also ready for commissioners Paul Gentiloni (business affairs), Hans Hahn (Balance), Kadri Simson (Power). The President of the European Central Bank will be there. Christine Lagardewho will speak on Friday 20 along with the President of the International Monetary Fund Kristalina Georgieva.

If Germany sees the chancellor’s “special address” Olaf Scholz (sole G7 leader) accompanied by his deputy Robert Habek, President of the Bundesbank, Minister of Finance Christian LindnerFrance will arrive with six ministers, including Bruno Le Maire (Economy). There will be a Spanish premier Pedro Sanchez while the Minister of Education is expected from Rome Joseph Vallettara. On the other hand, if there are no surprises, the owner of the Economy will not be there. Giancarlo Giorgetti gave a penalty due to unexpected obligations. The arrival of the Ukrainian president is not excluded Vladimir Zelensky.

Top management Amazon, intelligence service, Google, Chevron, but also the return of the heads of large banks, such as Goldman Sachs, Jp Morgan, Deutsche Bank, Morgan Stanley and inevitable blackrock, the world’s largest asset management company (according to rumors, it plays an important role in the reconstruction of Ukraine). Leaders will come from Italy Enel and Eni in addition to the CEO of Unicredit Andrew Orsel. There are those who will go to Davos Protest. So far, the city has received two requests for permission to demonstrate, one from Socialist Youth and another from the team WEF strike who organizes a march against capitalism, the climate crisis and global inequality.

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In view of the meetings, the World Economic Forum today released its own Global Risk Report 2023 a survey of 1,200 risk experts, regulators and business leaders, conducted jointly with Marsh McLennan and Zurich Insurance Group. Pandemic and war put us back in first place in the global risk ranking, dear lifeenergy and food crises with consequences that could cause within two years recessions and debt crises. These crises, in an atmosphere of “geo-economic warfare” and disinformation, could “threaten efforts to address long-term risks, in particular those related to climate change, biodiversity and investment in human capital,” the study says. Caroline Clint Dee March explained at a press conference that “The list of concerns of companies is growing more and more” transforming into an increasing use of “support friends, close support and stockpiling” strategies (we are mainly working with supply chains that are less extensive globally and more internally) and that there is greater urgency “restore trust”. Per John ScottHead of Sustainability Risk in Zurich, on the climate front “there is a gap between what needs to be done and what is politically feasible. Risk (actually now almost certainty, ed.) must go to one chaotic climate transition“.

Source: II Fatto Quotidiano

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