DAVOS: The rich and powerful are in Davos, Switzerland, for the World Economic Forum’s 50th annual meeting, and the gathering is being closely watched to see how the global elite aims to tackle problems they helped create, above all climate change. Swedish activist Greta Thunberg, who called a climate strike for Friday (Jan 24) near the forum, slammed delegates for failing to treat global warming as a crisis.
Swedish climate activist Greta Thunberg takes part in a"Friday for future" youth demonstration in a street of Davos on Jan 24, on the sideline of the World Economic Forum annual meeting. Teenage climate activist said calls to the corporate elite meeting in Davos to disinvest immediately in fossil fuels had been ignored. - AFP
The economy is also in focus on the final day, and European Central Bank President Christine Lagarde told Bloomberg TV investors shouldn’t assume that current monetary policy is locked in for the foreseeable future just because officials are reviewing their strategy. On Thursday, Mr Mnuchin took a personal swipe at the 17-year-old saying she was in no position to give advice on climate change because she hasn't been to college yet.
The European Commission said the WTO members involved had agreed this contingency step would preserve the WTO's two-step dispute system until its own Appellate Body became operational again.
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