Davos

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The Global Economy Is Doing Just Fine, But the Davos Elite Is Worried

EghtesadOnline: If things seem too good to be true in the global economy, they probably are. That’s according to some of the investors, Nobel laureates and academics attending the World Economic Forum’s annual meeting in Davos, Switzerland, which kicks off on Monday.
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Publish Date: 22/January/2018 | 13:18

CEOs Counsel Taking Trump Seriously, But Not Literally

EghtesadOnline: The word in Davos: Ignore the tweets. Executives gathered in the Swiss resort for the World Economic Forum this week keep repeating, like a soothing mantra, that Donald Trump is at heart a pragmatist who will avoid trade wars and regulations that make it harder to do business.
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Publish Date: 21/January/2017 | 14:40

Davos Set Learns to Love Donald Trump as He Takes Office

EghtesadOnline: The investors and executives who throng Davos every January are many things. But above all, they’re rich. And they’re starting to see plenty of opportunities to stay that way under Donald Trump.
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Publish Date: 20/January/2017 | 13:11

U.K. Retail-Sales Slump Hints at Cracks in Brexit Boom

EghtesadOnline: U.K. Chancellor of the Exchequer Philip Hammond told a Davos gathering on Friday that an inflation pickup will put a damper on consumers this year. The first signs may already be appearing.
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Publish Date: 20/January/2017 | 13:09

Oil, Snow and Saudi Billions: Secret Davos Gets Down to Business

EghtesadOnline: Nothing sharpens the mind of Davos delegates more than the prospect of striking big deals -- and after a day of debating globalization and its discontents it was time to go for the biggest one of all.
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Publish Date: 20/January/2017 | 24:42

Bankers, Policy Makers at Davos Revel in ‘Sweet Spot’ Economy

EghtesadOnline: The global elites have rediscovered their animal spirits. As the World Economic Forum drew to a close in the Swiss ski resort, the overarching mood of the executives, policy makers and investors was that their economies are in fine shape and that stock markets have every reason to extend their run.
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Publish Date: 27/January/2018 | 08:19

Davos Elite Hope Unpredictable Trump Doesn’t Spoil Their Fun

EghtesadOnline: President Donald Trump may be volatile, controversial and prone to counterproductive fits of spontaneous self-expression. So far, though, the top decision-makers in commerce admit he hasn’t been bad for business.
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Publish Date: 24/January/2018 | 10:37

Fears of economic 'race to bottom', strong dollar in Davos

EghtesadOnline: A strengthening dollar and a "race to the bottom" on taxes, deregulation and trade policy are the major risks to an otherwise brightening global economy, financial leaders said on the final day of the World Economic Forum in Davos.
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Publish Date: 20/January/2017 | 15:10

Bankers in Davos See Trump Making Wall Street Great Again

EghtesadOnline: Wall Street’s high-flyers in Davos, basking in their firms’ strong fourth-quarter earnings, said they’re confident Donald Trump’s incoming administration will loosen regulatory constraints on financiers -- even if it leaves Barack Obama’s signature Dodd-Frank Act largely intact.
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Publish Date: 20/January/2017 | 24:08

Soros Says Markets to Slump With Trump, EU Faces Disintegration

EghtesadOnline: It’s tough to be gloomier than billionaire George Soros right now. America has elected a would-be dictator as president, the European Union is disintegrating, U.K. Prime Minister Theresa May won’t last long as her nation prepares to secede from the EU, and China is poised to become an even more repressive society, the investor told Bloomberg Television’s Francine Lacqua from the World Economic Forum in Davos.
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Publish Date: 20/January/2017 | 11:33