Counting the cost of natural disasters, plus the other climate-crisis stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stefan Ellerbeck, Senior Writer, Formative Content 1. News in brief: Top climate crisis stories to read this week Natural disasters, many driven by the climate crisis, caused global economic losses of $313 billion in 2022, according to insurance broker […]

Where is the global economy heading in 2023? Plus other economics stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Formative Content 1. Where is the global economy heading in 2023? The year ahead looks better than initially feared for the global economy, but remains fraught with risks, including the potential escalation of the war […]

Davos 2023: key takeaways for cities and local economies

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jeff Merritt, Head of Urban Transformation; Member of the Executive Committee, World Economic Forum Last week, nearly 3,000 global leaders – including over 350 government leaders and 47 heads of state – converged on the Swiss Alps for the […]

Davos 2023: key takeaways for cities and local economies

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jeff Merritt, Head of Urban Transformation; Member of the Executive Committee, World Economic Forum Last week, nearly 3,000 global leaders – including over 350 government leaders and 47 heads of state – converged on the Swiss Alps for the […]

At Davos 2023, IMF’s Georgieva urges monetary authorities to ‘stay put’ despite optimism

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Chris Hamill-Stewart, Freelance Editor, World Economic Forum, Gayle Markovitz, Business Editor, World Economic Forum The managing director of the International Monetary Fund (IMF) has urged the international community to stay realistic about the prospects of an economic recovery. At […]

Davos 2023: The state of global trade and investment

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Joachim Monkelbaan, Lead, Climate Trade, World Economic Forum, Soumyajit Kar, Specialist, Sustainable Trade, World Economic Forum Trade and investment emerged as an overarching theme in this year’s Annual Meeting in Davos. Over the last 12 months, despite widespread inflation; […]

The outlook for 2023 is uncertain, but here’s what we know about the global labour market

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Allen Blue, Co-Founder and Vice-President, Products, LinkedIn While much has changed in the past 12 months, one constant is that the global labour market is tight – even by historic standards – and this trend looks set to continue […]

Here’s how we can turn more industries into circular economies

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kristin Hughes, Director, Resource Circularity, Francisco Betti, Head of Advanced Manufacturing and Production, World Economic Forum Industries and governments have set ambitious environmental targets for the next 10–20 years. They aim to achieve supply-chain resilience, reach net zero and […]

Recession in 2023? Here’s how trade unions are gearing up

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: David Sangokoya, Head of Civil Society Impact, World Economic Forum, Giannis Moschos, Community Specialist, Civil Society, World Economic Forum A recession could be on the cards for 2023. Across much of the world, inflation is the highest it has […]

We’re on the brink of a ‘polycrisis’ – how worried should we be?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Simon Torkington, Senior Writer, Formative Content The cascading and connected crises we find ourselves in at the beginning of 2023 demand a new descriptor to define the scale of the problems the world is facing. The war in Ukraine […]

What’s happened this year in the global labour market?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stefan Ellerbeck, Senior Writer, Formative Content A raft of interconnected crises, compounded by the war in Ukraine and COVID-19 pandemic, are creating a worsening outlook for the global labour market, according to the International Labour Organization (ILO). The 10th […]

3 ways to accelerate financing for clean hydrogen projects

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jorgen Sandstrom, Head of Energy, Materials, Infrastructure Programme, Industrial Transformation, World Economic Forum, Derek Baraldi, Head of the Banking Industry, World Economic Forum, Noam Boussidan, Manager, Transforming Industrial Ecosystems, World Economic Forum, Manuela Stefania Fulga, Platform Curator, Banking and […]

World Bank warns global economy could tip into recession in 2023 – and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stephen Hall, Writer, Formative Content 1. World Bank warns global economy could tip into recession in 2023 The World Bank slashed its 2023 growth forecasts on 10 January to levels teetering on the brink of recession for many countries […]

The complication of concentration in global trade

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Olivia White, Senior Partner, McKinsey & Company, Sven Smit, Senior Partner, McKinsey & Company Ours is an interdependent world. It is connected by global flows of goods, services, capital, people, data and ideas, but over the past three years, […]

The global economy is under pressure — but how bad is it? Two experts share insights

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Spencer Feingold, Digital Editor, World Economic Forum The global economy is under pressure from multiple complex and interconnected crises. These challenges—which include inflation, climate change, the war in Europe, supply chain disruptions and the COVID-19 pandemic, to name a […]

How the financial sector can spur the industrial economy’s green transition

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Richard Ming-Hsing Tsai, Chairman, Fubon Financial Holding The Global Carbon Budget 2022 found few signs that carbon emissions are declining and warned that, at current emissions levels, there is a 50% likelihood that global warming would surpass 1.5°C in […]

5 levers for decarbonizing the global economy and tackling climate change

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stefan Schaible, Global Managing Partner, Roland Berger The ongoing economic crisis poses a potential gridlock for global decarbonization efforts. Why should business leaders give head space to sustainability targets when they are struggling to keep their businesses above water? […]

Why do we measure consumer confidence and what does it tell us?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content How do you feel about your personal financial situation? Do you think the economy will improve or get worse? It’s not a trick question, but a way of measuring consumer confidence. The first […]

Emerging markets could hold the key to growth in the face of macroeconomic storms

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Barry O’Byrne, Chief Executive Officer, Global Commercial Banking, HSBC Businesses everywhere are facing a combination of domestic recessions, rising interest rates, high inflation and geopolitical uncertainty. Rarely do so many volatile business conditions descend at once on the world. […]

Gender equality in STEM can support a sustainable economy. Here’s how

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ebru Özdemir, Chairperson of the Board, Limak Holding We live in a rapidly changing world where vast technological advancements are announced almost daily. The so-called fourth industrial revolution is characterised by extraordinary technology and a digital transition. There is […]

Consumers are key to tackling the global crises – let’s work with them

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Helena Leurent, Director-General, Consumers International We are all aware of the worrying statistics emerging from the twin shocks of COVID-19 and the war in Ukraine, both on economy and society. But what does this actually mean for consumers worldwide? […]

India expected to be world’s fastest growing economy in 2023 and other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stephen Hall, Writer, Formative Content 1. India expected to be world’s fastest growing economy in 2023 India is set to be the world’s fastest growing major economy in the year ahead, as a post-pandemic retail boom and recent bank […]

The IPO market plummeted in 2022. Here’s why

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Emma Charlton, Senior Writer, Formative Content We’ve all read about high inflation, rising interest rates and the gloomy economic outlook – but what does that mean for companies? Well, among other things, it makes it difficult for them to […]

The $300 billion cost of human inactivity

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Douglas Broom, Senior Writer, Formative Content The world faces an epidemic of avoidable diseases like cancer, diabetes, high blood pressure and dementia unless swift action is taken to persuade people to become more active, according to new analysis by […]

How a climate-smart forest economy could help mitigate climate change and its worst impacts

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Daniel Zimmer, Director Sustainable Land Use, Climate-KIC The global population is rising, and cities, particularly, are taking the strain. Each week 1.5 million people move to urban areas. All these people need places to live and work and […]

Central banks slow down interest rate rises: What you need to know about the global economy this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Formative Content 1. Interest rate rises slow down – but more still to come The US Federal Reserve (Fed), European Central Bank (ECB) and Bank of England all slowed the pace of their interest rate […]

How much has been spent already to retreat from rising seas?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: John Letzing, Digital Editor, Strategic Intelligence, World Economic Forum Taholah sits beside some of the most stunningly beautiful nature in the world, less than a three-hour drive from the corporate offices and crowded cafes of central Seattle. And most […]

3 challenges en route to electric vehicle batteries driving the circular economy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Maya Ben Dror, Industry Manager, Automotive and New Mobility, World Economic Forum Geneva, Abhishek Gupta, Lead, Automotive and New Mobility, World Economic Forum, Patrick Schaufuss, Partner, McKinsey & Company Between 2020 and 2021, electric vehicle (EV) sales increased by […]

Future of work: Why the new learning economy plus development equity is a successful formula

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stephen Bailey, Co-Founder and Chief Executive Officer, ExecOnline Most of our current conversations related to the economy focus on what you would expect: continued uncertainty as we grapple with COVID-19 fallout; the potential impact of prolonged sociopolitical unrest; and, […]

Trade can benefit climate action, says this major report

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jose-Antonio Monteiro, Research Economist, World Trade Organization, Ankai Xu, Research Economist, World Trade Organization Climate change is reshaping countries’ economic and trade prospects and is a major threat to future growth and prosperity. In 2022 alone, severe floods in […]

Has Eurozone inflation peaked? Plus other economy stories you need to read this week

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Ian Shine, Senior Writer, Formative Content 1. Has Eurozone inflation peaked? Eurozone inflation eased far more than expected in November, raising hopes that surging price growth is past its peak. But the European Central Bank’s (ECB) top names […]

How trade can help end plastic pollution

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Soumyajit Kar, Specialist, Sustainable Trade, World Economic Forum Government representatives are currently meeting in Uruguay to kickstart the first Intergovernmental Negotiation Committee (INC) on reaching an internationally binding treaty to end plastic pollution that the United Nations Environment […]