World Economic Forum (WEF) News

Lloyd’s Moves Closer to Forming EU Subsidiary to Prepare for Brexit

Lloyd’s of London will make an announcement on its new European subsidiary by the middle of April at the latest, its Chairman John Nelson said on Tuesday, as it prepares for Britain’s exit from the European Union. The world’s largest …

Social Polarization, Inequality Raise Potential for Risk, Disruption: WEF

Rising inequality and social polarization are set to shape world developments for the next decade after contributing to Britain’s decision to leave the European Union and the ballot-box success of U.S. President-elect Donald Trump, the World Economic Forum (WEF) said. …

Gene Creating Antibiotic-Resistant Superbug Detected in at Least 19 Countries

Just two months ago, researchers in China identified a gene that can make bacteria resistant to a last-resort antibiotic called colistin. It was a bombshell discovery for people who follow superbugs. Now that gene has been detected in at least …

Artificial Intelligence to Help Reduce Insurance Risks: Baidu President

It was hard to tell whether hope or fear was the predominant sentiment about the future of artificial intelligence, according to a panel discussing the state of the field at the World Economic Forum in Davos, Switzerland, Wednesday. A.I. systems …

World Economic Forum Sees Finance/Insurance Industry in Digital Firing-Line

The world’s top banks and insurers are being forced to review their business models amid rapid inroads by nimble “fintech” start-ups, which are reshaping what consumers and businesses expect out of financial services, a report out Tuesday said. The report …

Worsening Wealth Gap Is World’s Biggest Risk: World Economic Forum

The chronic gap between the incomes of the richest and poorest citizens is seen as the risk that is most likely to cause serious damage globally in the coming decade, according to over 700 global experts contributing to the World …

Davos Strives to Make Climate Talk More than Hot Air

Climate change is back on the global agenda, with debate in the corridors at Davos given fresh impetus by U.S. President Barack Obama and U.N. Secretary-General Ban Ki-moon both highlighting it as top priority this week. Yet business leaders are …