World Economic Forum News

Regional Greenhouse Gas Initiative Grows by Another State

Pennsylvania Gov. Tom Wolf on Thursday ordered his administration to start working on regulations to bring Pennsylvania into the Regional Greenhouse Gas Initiative. The initiative is a nine-state consortium that sets prices and limits on greenhouse gas emissions from power …

Insurance Industry Making ‘Significant Contributions’ in Climate Change Battle, Report Shows

The insurance industry is making significant contributions to building socio-economic resilience to climate change and supporting the transition to a low-carbon economy in their role as risk management experts and investors, according to a new research report The report out …

Unemployment Is Top Business Risk, Says WEF Survey, Published by Zurich, Marsh

Unemployment is the biggest risk for businesses globally, according to a World Economic Forum survey of business leaders published on Wednesday. The company executives put unemployment or underemployment as the top risk over the next 10 years, followed by fiscal …

City of Boston Launches Urban Mobility Program, Prepares to Test Driverless Cars

Boston, Mass., Mayor Martin J. Walsh, the Boston Transportation Department and the Mayor’s Office of New Urban Mechanics, in partnership with the World Economic Forum, announced the launch of a new program to explore autonomous technologies within the City of …

Zurich Offers Post Cyber Attack Response Service in APAC

Zurich Insurance has launched DigitalResolve, a coordinated incident response service to help businesses in Asia Pacific (APAC) mitigate and recover from cyber attacks. Offered through Zurich’s partner Crawford & Co., DigitalResolve helps organizations coordinate and manage resources so they can …

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 …

Climate Change, Migration Top List of Global Risks: WEF Survey

Climate change and large-scale forced migration are the greatest risks facing the world according to a survey by the World Economic Forum, the organizer of next week’s meeting in Davos. The 2016 report, published Thursday, highlighted the most significant threats …

78 Major Firms Urge Governments to Use Carbon Pricing to Curb Global Warming

Leaders of 78 major companies urged governments on Monday to include the pricing of carbon emissions as part of policies to curb global warming, as world leaders prepare for a summit on climate change in Paris next week. Chief executives …

Asset Managers Urged to Make Cyber Risk Top Priority

Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. Banks have …