How the world can ‘reset’ itself after COVID-19 – according to these experts

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kate Whiting, Senior Writer, Formative Content The Great Reset is a new initiative from the World Economic Forum and HRH the Prince of Wales to guide decision-makers on the path to a more resilient, sustainable world beyond coronavirus. […]

‘Water-forecasting’ and fish farms fed on waste: how innovation is driving the blue economy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Peter Beech, World Economic Forum writer Using waste food to farm insects as fish food; and high-tech real-time water quality monitoring: innovations that could help change global aquaculture, were showcased at the World Economic Forum’s Virtual Ocean Dialogues […]

How impact finance can alleviate COVID-19’s economic symptoms

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 private sector is facing unprecedented difficulties in accessing finance at at a time when it is sorely needed. Gig workers and those on low incomes in emerging economies are among those […]

Here’s why the world’s recovery from COVID-19 could be doughnut shaped

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 Doughnut plan seeks to balance the needs of people and the environment. Amsterdam aims to offer everyone fair social terms within safe ecological limits. The idea was conceived by Kate Raworth, an […]

5 things to know about how coronavirus has hit global energy

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 Coronavirus lockdowns have led to the biggest fall in energy demand in 70 years. Renewables have increased their contribution to the energy mix as fossil fuel demand has seen a widespread fall. […]

Ursula von der Leyen: ‘We must not hold onto yesterday’s economy as we rebuild’

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kate Whiting, Senior Writer, Formative Content European Commission President Ursula von der Leyen has outlined a recovery package to help EU Member States rebuild after the coronavirus crisis. She said investment in rebuilding would come at the price […]

Is staying in the new going out? How the COVID-19 pandemic is fuelling the stay-at-home economy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Zara Ingilizian, Head of Shaping the Future of Consumption; Member of the Executive Committee, World Economic Forum The COVID-19 pandemic is fuelling the growth of the stay-at-home economy. E-commerce and grocery delivery services can test new concepts to […]

COVID-19: How leaders can create a new and better normal

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Punit Renjen, Global Chief Executive Officer, Deloitte The shift from respond to recover requires us to move from an internal, functional view to a view focused on stakeholders and outcomes. Defining the destination first and working backwards will […]

5 priorities for leaders in the new reality of COVID-19

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Rich Lesser, Global Chief Executive Officer, BCG & Martin Reeves, Senior Partner, Boston Consulting Group COVID-19 means leaders need to find a path from a shuttered economy towards growth and prosperity. Organizations will need to be reconceived to […]

Universal basic income is the answer to the inequalities exposed by COVID-19

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kanni Wignaraja, Assistant Secretary-General, United Nations & Balazs Horvath, Chief Economist, UNDP, Asia-Pacific Rule number one of crisis management: When you find yourself in a hole, first, stop digging. In the COVID-19 outbreak frenzy, several countries are considering […]

Africans can fight COVID-19 with stakeholder capitalism

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Myriam Sidibe, Senior Fellow, Mossavar-Rahmani Center for Business and Government, Harvard Kennedy School & Carl Manlan, Chief Operating Officer, Ecobank Foundation Stakeholder capitalism will help companies rebuild their businesses faster after COVID-19. Africa can learn from other countries […]

Do we need a new Marshall Plan to rebuild Europe after COVID-19?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sean Fleming, Senior Writer, Formative Content The COVID-19 crisis could see Eurozone GDP shrink by 7%. EU institutions and member states have put up $3 trillion to fight the crisis. Can a plan similar to one used 70 […]

Coronavirus has shown us why we urgently need to make a basic income a reality

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Guy Standing, Research Professor in Development Studies, University of London COVID-19 could tip our fragile economic system into a depression. Means testing benefits creates a poverty trap discouraging people from taking work. A basic income would increase the […]

COVID-19 sparked an economic crisis ‘like no other’ – but these measures can help now: WHO, IMF

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Linda Lacina, Digital Editor, World Economic Forum The World Health Organization held a media briefing to update the public on the COVID-19 outbreak. Streamed live at 18.30 CET on Friday, 3 April. Guest Kristalina Georgieva, Managing Director of […]

Stakeholder capitalism is urgently needed – and the COVID-19 crisis shows us why

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Christopher Alessi, Digital Editor, World Economic Forum The coronavirus crisis offers an opportunity to reshape our economies and implement stakeholder capitalism. The Forum endorses six Stakeholder Principles for the COVID era. Governments have the “upper hand” and can […]

A shipping industry leader explains how to keep supply chains moving amid a pandemic

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Clara Young, Writer Confinement and border closings have caused major challenges for global shipping logistics. Jim Snabe, chairman of the world’s biggest shipping line, AP Møller – Mærsk A/S, says “we can keep supply chains going.” In light […]

Oil prices could remain depressed for at least a year. Here’s why

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Roland O. Rechtsteiner, Partner, Global Energy Practice, Oliver Wyman Both the coronavirus pandemic and a Russia/Saudi Arabia price war have sent oil prices plummeting. Oil supply and demand might not become rebalanced until well after the virus is […]

6 ways social innovators are responding to the COVID-19 pandemic

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: François Bonnici, Head of Schwab Foundation for Social Entrepreneurship, World Economic Forum & Pavitra Raja, Community Specialist, Social Entrepreneurs – Europe and the Americas, World Economic Forum The COVID-19 pandemic increases the need for social innovations to help […]

‘Act fast and do whatever it takes’ to fight the COVID-19 crisis, say leading economists

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Rosamond Hutt, Senior Writer, Formative Content Leading economists urge governments to bring out the ‘big artillery’ to fight the economic fallout caused by the COVID-19 pandemic. Unconventional policy options such as ‘helicopter money’ should be on the table, […]

How the coronavirus market turmoil compares to 2008 – and what we can do

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Han Yik, Head of Institutional Investors, World Economic Forum The coronavirus outbreak is wreaking havoc on global financial markets. The 2008 recession can provide helpful insights and lessons. Strategies include government-led economic relief plans. With the Dow having […]

Renewable energy could power the world by 2050. Here’s what that future might look like

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Johnny Wood, Senior Writer, Formative Content It’s possible to switch to a fully sustainable global energy landscape within the next 30 years, according to research. Greater geographical connectivity of solar, wind and hydro power, can reduce energy use […]

How a chocolate bar gives hope for a new economy

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Achim Steiner, Administrator, United Nations Development Programme (UNDP) As the world seems to wake-up to new challenges on a daily basis – from devastating wildfires in Australia, to the unpredictable global spread of a new coronavirus – it […]

This is the IMF’s latest take on the economy in 2020

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Briony Harris, Senior Writer, Formative Content Climate change is already having an impact on the global economy. Countries must ensure the vulnerable are protected in order to maintain social cohesion. Despite the note of optimism, significant risks remain. […]

Negotiations on Investment Facilitation at the WTO gain support at Davos

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Ministers at Davos announced negotiations between 99 economies on a new international framework on investment facilitation for development at the World Trade Organization (WTO), with the strong support of business and other key stakeholders. The framework is aimed at […]

The world needs a circular economy. Help us make it happen

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Frans van Houten, Chief Executive Officer, Royal Philips & Naoko Ishii, Chief Executive Officer and Chairperson, Global Environment Facility The circular economy could be a $4.5 trillion business opportunity. Only 9% of the global economy is circular at […]

E-commerce is globalization’s shot at equality

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Henadi Al-Saleh, Chairperson, Agility Small businesses have global potential thanks to e-commerce. SMEs active on the internet export more than traditional businesses. Heightened economic activity can especially benefit women. Globalization got a bad rap in part because, by […]

We need better alignment between climate and trade. Here’s a roadmap

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Carolyn Deere Birkbeck, Senior Researcher, The Graduate Institute, Geneva; Senior Research Associate, Global Economic Governance Programme, University of Oxford & John W.H. Denton, Secretary-General, International Chamber of Commerce (ICC) Trade and climate policy-makers have worked in separate silos […]

Is corporation tax good or bad for growth?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jane McCormick, Partner; Global Head, Tax, KPMG & Christopher Morgan, Head of Global Tax Policy, KPMG Business requires a stable society to which it should contribute. Business pays taxes on production, people, property and environmental impact, as well […]

A win-win strategy for private equity deals

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: David Novak, Partner, Clayton, Dubilier & Rice LLP ⦁ Dealmaking is not a zero-sum game. ⦁ Sellers should select a buyer based on their view of the new owner’s ability to increase the value of the business. ⦁ […]

Financial services are changing. Here’s how

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Michael C. Bodson, President and Chief Executive Officer, Depository Trust & Clearing (DTCC) Disruptive technology is empowering financial services clients. APIs enable the development of financial services applications that can be customized to an organization’s needs. The industry […]

How green investment will help Latin America and the world fight climate change

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Luis Alberto Moreno, President, Inter-American Development Bank Climate change is having a dramatic effect on Latin America and the Caribbean. Most people in the region view climate change as a major peril. Costa Rica, Chile and 21 regional […]

Here are 3 ways venture capital can fund a better future

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Zachary Bogue, Managing partner and co-founder, DCVC Venture capital investment in artificial intelligence (AI), massive cloud computing, robotics and the application of molecular and biological science could reshape major global industries. “Deep Tech” offers an investment opportunity at […]

Why we need to rethink geo-economics to beat climate change

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Abhinav Chugh, Content and Partnerships Specialist, Strategic Intelligence, World Economic Forum On Mousuni Island – a part of the Indian Sunderbans with a rich ecosystem and UNESCO World Heritage site status – the climate crisis has already threatened […]