White House cancels US delegation trip to the World Economic Forum in Davos hours after throwing wrench into congressional trip to Afghanistan

REUTERS/Carlos Barria President Donald Trump on Thursday canceled the US delegation’s annual trip to the World Economic Forum in Davos, Switzerland, “out of consideration” for the furloughed federal employees amid the ongoing partial government shutdown. Trump attended the forum in 2018 but was expected to send a delegation of senior US officials this year. The […]

Putin may make rare appearance at World Economic Forum in Davos

Russian President Vladimir Putin may attend the World Economic Forum (WEF) in Switzerland, the Kremlin has hinted on Wednesday. Putin has not attended the prestigious business and political meeting since 2009. “There is an old, constantly renewed invitation for Putin to come to Davos,” presidential spokesman Dmitry Peskov told journalists. He added that the final […]

The moral assumptions embedded in economic models of climate change

CLIMATE CHANGE is many problems in one. Developing and deploying zero-carbon technologies is a formidable challenge. So is the politics of co-ordinating disparate groups to achieve the necessary collective action. In America, where the Republican Party persists in climate denialism, it is an epistemological pickle. Policymakers met in Katowice, Poland, this week to discuss implementing […]

Bond markets are sending an economic warning signal — here’s when the next US recession may hit

The spread between US 2-year and 10-year bond yields – a key indicator of recessions – fell sharply to its lowest level in 11 years this week. Deutsche Bank says the risk of a recession is “very low” over the next 12 months, but rises significantly to 80% over a three-year time frame. However, the […]

The path to economic development is growing more treacherous, again

IN THE 1990S economists had almost given up on the developing world. Although individual countries, like Singapore or South Korea, occasionally scaled the income ladder, the overall picture was, in the words of Lant Pritchett, a development economist at Harvard University, “divergence, big-time” between advanced economies and the rest. Then the scene changed. From the […]