World leaders and corporate managers left Davos’s Swiss mountain resort after a week of discussions dominated by the return of Donald Trump as President of the United States.
See what we learned below:
MIDDLE EAST
There has been seriously talk of regional peace, led by the ceased the fire of Israel with Hamas and Hezbollah, with friends and enemies that agreed on the fact that if someone can put pressure on Israeli Prime Minister Benjamin Netanyahu to accept a Palestinian state, that someone is Trump .
Iran, one of Trump’s main objectives during his first term, has chosen Davos to tell the world that he is ready to renegotiate an agreement on nuclear power, which has no ambition or intention to build a nuclear bomb and which does not represent one threat to its neighbors or for neighboring countries. in the world.
“Now it’s time to go on based on opportunities, not on threats,” said Javad Zarif, vice -president of the country for strategic affairs.
UKRAINE
The world leaders and companies expressed themselves in favor of a ceased in Ukraine, with Trump who used his remote video speech directly from the White House to say that he wants to meet “immediately” the Russian president Vladimir Putin to negotiate the end of almost three years of war.
Volodymyr Zelenskiy, president of Ukraine, said that one of the conditions for any agreement would be a European contingent of at least 200,000 Peacekeeper, a request that Russia has rejected. In the meantime, the Ukrainian authorities are organizing privatizations to attract foreign investments in the imminent reconstruction of 500 billion dollars.
“The recovery begins before a peace agreement,” said Henrik Andersen, CEO of the Vesteas wind turbine manufacturer, after concluding a 470 million dollar agreement for a wind farm in Ukraine.
FINANCE
For the financiers looking for business, US deregulation is seen as the awakening of the “wild spirits” that will probably lead to conclude agreements in all sectors, including the financial one, with the expectation of consolidation of banks in the United States and Europe .
Although “economic exceptionalism” was one of the phrases circulating in the halls of Davos to describe US policy under the new Trump administration, investors and bankers have expressed confidence in the basic force of the US economy.
Although not as visible as in the other years, the crowd of cryptocurrencies was once again part of the discussion to Davos.
The question for many was whether and how the traditional financial sector could have embraced cryptocurrencies in the light of the push of the United States to develop new rules, with many managers who reported that they had to wait and see.
TO THE
Two years after Chatgpt has stormed the world, managers and technological investors say that the use of artificial intelligence agents to automate certain activities, starting from the simplest and more repetitive ones, could feed the next wave of adoption of technology.
“The agents represent an important part of the impact of artificial intelligence on the workforce … This is the year in which we will see the implementation of the agents within companies,” said Guru Chahal, partner of Lightspeed Venture.
Since the scope and complexity of artificial intelligence models already require enormous quantities of data, most of the speeches in Davos have concerned associated infrastructures and geopolitics.
The message of the US company managers is that, although for now the United States is ahead of China in artificial intelligence, the government needs policies and investments in favor of technology to maintain the advantage.
“The question is whether or not they can build the infrastructure alone,” said Jared Cohen, co -director of the Goldman Sachs Global Institute.
ENERGY
Davos’s delegates felt the energy sector move around them while digesting a series of trump ads.
These ads include the promise to free the US energy sector to increase production, to accelerate the rhythm of the GNL projects, to threaten the EU with rates if the block no more gas, to suspend new federal concessions of offshore wind energy, of Declare the withdrawal of the United States from the Paris agreement and asking Saudi Arabia and OPEC to reduce the cost of oil.
Washington’s withdrawal from the climate pact is not expected significantly the momentum of the energy transition, which is seen more in China and Europe than in the United States, but Davos’s managers said that Europe must accelerate the deregulation to encourage investments and maintain their competitiveness.
DIVERSITY
Trump’s initiatives on diversity had resonance in Davos’s halls, where gender equality, diversity of the workforce and better representation of minorities are key objectives of the World Economic Forum.
The growing pressure on the private sector to abandon the programs on diversity pushes some to look for new words to describe the practices in the workplace they consider essential for their activities.
Trump has issued a series of executive orders that cut the federal programs of diversity, equity and inclusion (gods), which try to promote opportunities for women, ethnic minorities, LGBTQ+ people and other groups traditionally under -representative.
China
Trump’s return to the White House has aroused strong concerns among Chinese managers and investors for further deterioration in bilateral relationships between the two major economies in the world.
But the President of the United States unexpectedly delayed the imposition of duties at China on his first day of return to power, and during his video speech to Davos expressed the need for the help of China to end the war in Ukraine.
This led some to speculate on the perspective of a rapprochement between Washington and Beijing, also wondering how long a period of honeymoon could last.
Global investors said they were interested in assets related to China, but they are anxious to see more concrete stimulus policies. They will be particularly attentive to the clues on how Beijing intends to face the prolonged real estate crisis, the high local public debt and the weak demand of consumers.
EUROPE
The president of the ECB Christine Lagarde has defined the global economic challenges that Europe has to face as “an existential threat”.
“If European leaders manage to organize themselves and respond to this existential threat, there is a huge potential for Europe to answer the call,” said Lagarde.
Some leaders noted that Trump’s promises to reduce US company regulation have added new urgency to the EU’s long -standing discussions on how to be more competitive.
“They are quickly reducing regulations in the United States, which makes it more important to do the same in Europe,” said Nicolai Tangen, CEO of Norges Bank Investment Management.
The head of the European Commission Ursula von der Leyen told Davos that the blockage wants to dissuade the innovative start-ups from moving to the United States to grow by creating rules that allow them to easily operate in the 27 countries of the European Union.
Other managers have said that although EU rhetoric on deregulation is encouraging, they would like to see a quick action.
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
