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World Economic Forum: Capitalism needs urgent change

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World Economic Forum: UK bosses confidence not dented by Brexit finds PwC survey

World Economic Forum: UK bosses confidence not dented by Brexit finds PwC survey*/

– 1/31 Fiat loses $2.3bn in stock value plunge after diesel emissions accusation – Thursday January 12 Shares in Fiat Chrysler plunged on Thursday after US authorities said that the carmaker had violated the Clean Air Act by allowing excess diesel emissions in some vehicles.The US Environmental Protection Agency (EPA) accused the company of using software that allowed excess diesel emissions in just over 100,000 US trucks and SUVs sold since 2014.READ MORE Six senior Volkswagen employees charged over emissions scandal Shares listed in Europe were recently trading around 18 per cent lower on the day.
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World Economic Forum: Capitalism needs urgent change

World Economic Forum: Capitalism needs urgent change*/

– As an example of this growing inequality, the WEF highlighted the massive increases in CEO pay at a time when many people in advanced economies have struggled to make ends meet following the global financial crisis.”This points to the need for reviving economic growth, but the growing mood of anti-establishment populism suggests we may have passed the stage where this alone would remedy fractures in society: reforming market capitalism must also be added to the agenda,” it said in its latest Global Risks Report.”The combination of economic inequality and political polarization threatens to amplify global risks, fraying the social solidarity on which the legitimacy of our economic and political systems rests,” it added.
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World Economic Forum: Stark inequality: Oxfam says 8 men as rich as half the world

World Economic Forum: Stark inequality: Oxfam says 8 men as rich as half the world*/

– richest 62 people on the planet in 2015 owned as much wealth as the bottom half of the population +ability of the rich to avoid paying their fair share of taxes was vividly exposed last year in the so-called ‘Panama Papers’ +LONDON: The gap between the super-rich and the poorest half of the global population is starker than previously thought, with just eight men, from Bill Gates to Michael Bloomberg, owning as much wealth as 3.6 billion people, according to an analysis by Oxfam released Monday.Presenting its findings on the dawn of the annual gathering of the global political and business elites in the Swiss ski resort of Davos, anti-poverty organization Oxfam says the gap between the very rich and poor is far greater than just a year ago.It’s urging leaders to do more than pay lip-service to the problem.If not, it warns, public anger against this kind of inequality will continue to grow and lead to more seismic political changes akin to last year’s election of Donald Trump as US president and Britain’s vote to leave the European Union.”It is obscene for so much wealth to be held in the hands of so few when 1 in 10 people survive on less than $2 a day,” said Winnie Byanyima, executive director of Oxfam International, who will be attending the meeting in Davos.
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India won’t get importance at World Economic Forum: Rahul Bajaj

India won't get importance at World Economic Forum: Rahul Bajaj*/

– The World Economic Forum’s 47th meeting in the Swiss resort of Davos has commenced.The key theme this year is responsive and responsible leadership.In an interview with CNBC-TV18, Rahul Bajaj, Chairman of the Bajaj Group, says India may not get much limelight at the World Economic Forum being held in Davos.
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Donald Trump, Samsung, World Economic Forum: Your Morning Briefing

Donald Trump, Samsung, World Economic Forum: Your Morning Briefing*/

– In an interview with two European publications, he called NATO “obsolete” and predicted that more nations would follow Britain out of the European Union.Advertisement Continue reading the main storyAfter he suggested in a separate interview that Washington’s “one-China” policy could be up for negotiation, the state-run China Daily warned that Beijing would “have no choice but to take off the gloves.”_____Photo• Mr. Trump sought to ease tensions domestically on the Martin Luther King Jr. holiday, setting up a meeting with King’s eldest son, above, after feuding with Representative John Lewis of Georgia, a civil rights icon.Mr. Lewis and several other lawmakers say they will not attend the inauguration on Friday.
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