On the eve of the Davos forum Bill Gates, the world’s richest man, said that “the world is better than it has ever been before,” but experts at the forum in Switzerland suggest his view from the top may be a bit foggy.
Russia’s 'failure' to build capitalism without a market economy costs it almost two thirds of GDP, Russian tycoon Oleg Deripaska told RT on the sidelines of the World Economic Forum in Davos. He also says the country lacks entrepreneurial expertise.
Russia is not interested in high oil prices, nor is it in them going down, PM Medvedev said at the World Economic Forum in Davos. "The current level of oil prices is more or less perfect for both manufacturers and consumers," Medvedev said.
It’s the gold standard of networking. Many executives swear that they don’t meet as many decision-makers in a whole year, as they do in the corridors and conference rooms of an economic forum. But staging one is an expensive undertaking.
Three activists from the notoriously clothing-optional FEMEN protest group were arrested in Davos Saturday as they raged against the current World Economic Forum, which they say overlooks the poorest amongst us.
The participants of the World Economic Forum are showing cautious optimism saying they believe the euro-zone crisis will be successfully resolved, though they haven’t agreed on the main issues such as Greek debt run-down yet.
Business people in Davos consider creating global institutions to deal with capitalism at the global level and providing benefit for people on the street says Alan Buckle, Deputy Chairman of KPMG International.