G7 ministers consider oil reserves as markets face volatility
In a statement following a virtual meeting with International Energy Agency (IEA) Executive Director Fatih Birol, the ministers said they...
Geostrategy
US assets outperform as geopolitical shock reshapes markets
The dollar still functions as the world’s primary safe haven, and in moments of acute geopolitical uncertainty, capital flows toward...
Geostrategy
World Economic Forum
Readying for jobs of tomorrow: WEF’s Till Leopold stresses upskilling
Davos, Switzerland -- In the next five years, millions of jobs will be created. Governments, employers, and education institutions, therefore,...
- The key report findings highlighted that there will be 78 million new job opportunities by 2030 but urgent upskilling is needed to prepare workforces.
- The fastest-growing skills by 2030 will include technological skills alongside human skills, such as cognitive skills and collaboration.
World Economic Forum
Davos25: Working in silos can’t resolve systemic issues, says Catalyst Now’s Galtung
Davos, Switzerland -- Some of the biggest problems in the world today are systemic problems, which cannot be resolved with...
- From 200 organizations in 2020, Catalyst Now has grown to 3,800 organizations working in 140 countries.
- It's for the first time that there's a Social Innovation House in Davos. There is a commitment to do it again next year.
Trump pledges historic tax cuts, investment growth, oil price action, and Ukraine peace effort at Davos 2025
The newly inaugurated president remarked that he would “like to meet with President Putin soon” and “get the war ended,”...
- The newly inaugurated president said he would reduce the US corporate tax rate from 21% to 15%, with foreign companies manufacturing goods in the US benefiting directly
- Trump also indicated that lowering oil prices could be a key step towards ending the Ukraine-Russia war, urging Saudi Arabia and OPEC to reduce the cost of oil
Geostrategy
Workers should have a say in AI implementation, says TUAC general secretary
Davos, Switzerland -- The transformation seen in the labor market brought about by green transition and new technologies has raised...
- Nilsson said that in the green transition, the new jobs that have been created are of lower quality and workers are less protected.
- AI can reduce discrimination in hiring but the technology itself can be rigged to increase discrimination, she warns.
Geostrategy
EXCLUSIVE: ILO chief urges action on job gap and reskilling at Davos 2025
Davos, Switzerland -- The world labor market is nearing the pre-Covid levels but gender gap and other concerns remain, International...
- Houngbo said he saw the unemployment gap between young women and young men to the disadvantage of women.
- The most important thing is that the private and public sectors need to step up investment in reskilling, he said.
Geostrategy
Nations retreating inward making global cooperation harder, Dr Masood tells TRENDS at Davos
Davos, Switzerland - The world is grappling with challenges that demand collective action, but rising nationalism and geopolitical tensions are...
- The world faces problems that can only be solved if people and countries come together, Dr. Masood said
- He pointed to US-China tensions as a major barrier to addressing shared global challenges
Geostrategy
UNRWA: Reconstructing Gaza Strip exceeds agency’s capabilities due to severe damage
Gaza, Palestine - The United Nations Relief and Works Agency for Palestine Refugees (UNRWA), confirmed today that the reconstruction process...
- UNRWA said that the agency can contribute to rehabilitating the infrastructure in the camps and returning employees to work inside them, and operating their wells.
- The agency emphasized that locating the missing—numbering in the thousands beneath the rubble—requires meticulous planning and the expertise of specialized teams
Geostrategy
Trump’s second term begins: Highlights Middle East hostage return, promises diplomacy over conflict among top priorities
Trump vowed to be a “peacemaker and unifier,” citing the Israel-Hamas ceasefire and hostage release as key steps toward peace,...
- "My proudest legacy will be that of a peacemaker and unifier. That’s what I want to be," Trump declared after taking the oath of office
- He highlighted the ceasefire and hostage release agreement between Israel and Hamas as a significant step toward peace
Geostrategy
Ceasefire begins: Israel, Hamas exchange hostages and prisoners amid fragile hopes for lasting peace
The 42-day truce's first phase involves prisoner exchanges and hostage releases, but the future remains uncertain as both sides navigate...
- In Gaza, Palestinians returned to homes reduced to rubble, checked on missing relatives, and prepared to bury their dead
- Humanitarian relief efforts also resumed, with more than 600 trucks carrying essential supplies entering the battered enclave
Geostrategy
Ceasefire agreement between Israel and Hamas goes into effect, marking first steps toward peace
As the first phase of the ceasefire takes effect, the world watches to see whether this temporary reprieve will be...
- The complex deal consists of three phases, each lasting 42 days, and it will see both sides release prisoners and hostages in exchange for a temporary halt to the violence
- Netanyahu’s warning that Israel retains the right to resume fighting and Hamas’s insistence on a complete Israeli withdrawal and a lasting ceasefire make the road to lasting peace
G7 ministers consider oil reserves as markets face volatility
In a statement following a virtual meeting with International Energy Agency (IEA) Executive Director Fatih Birol, the ministers said they...
Geostrategy
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Three Gaza hostages set for release after ceasefire crisis abates
Jerusalem, Undefined - Israel said Friday it had received the names of three hostages to be freed by militants in exchange...
Geostrategy
Saudi Arabia to host Arab summit on Trump’s Gaza plan, Egypt, Jordan, Qatar and the UAE to attend
Trump sparked a global outcry with his proposal for the United States to "take over" the Gaza Strip and to...
Geostrategy
Hezbollah supporters protest banning Iranian planes from landing in Beirut
Beirut, Lebanon - Hezbollah supporters blocked the Beirut airport road and burned tyres on Thursday to protest a decision barring two...
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Geostrategy
Israel says could fulfil Trump’s Gaza displacement plan if hostages not freed, Hamas says truce deal ‘fragile’
Hamas has said it would postpone the release citing Israeli violations, and hours later, Trump warned that "hell" would break...
- The remarks by Israeli Defence Minister Israel Katz came shortly after Palestinian group Hamas said it would not bow down to US and Israeli threats
- The truce has largely halted more than 15 months of fighting and seen Israeli captives released in small groups in exchange for Palestinians in Israeli custody
Geostrategy
At least $53 billion needed to rebuild Gaza, UN estimates
United Nations, United States - More than $53 billion will be required to rebuild Gaza and end the "humanitarian catastrophe" that...
- The global body said in a report that a "political and security framework" must also be put in place so that recovery and rebuilding can begin
- Much of Gaza -- including schools, hospitals and other civic infrastructure -- has been reduced to rubble by a withering Israeli military offensive
Geostrategy
Egypt to present ‘vision’ for Gaza reconstruction without displacement amid Trump threat to halt aid
The statement came a day after US President Donald Trump said he could "conceivably" halt aid to Egypt and Jordan...
- The foreign ministry said Egypt "hopes to cooperate" with Trump's administration on the matter, with the goal of "reaching a fair settlement of the Palestinian cause"
- It said its plan would provide for the reconstruction of Gaza "in a clear and decisive manner that ensures the Palestinian people stay on their land