In a polycrisis, how can businesses build the resilience to thrive?

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum./ Author: Andrea Willige, Senior Writer, Forum Agenda If the series of crises the world has faced over the past three years has taught the business world one thing, it’s that resilience is vital. And at this time of continued uncertainty […]

This is the tool that will help policymakers tackle the climate crisis

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Bryonie Guthrie, Content and Partnerships Lead, Strategic Intelligence, World Economic Forum Look under any proverbial rock and you will find a climate change article. Often terrifying and always urgent, the ever-presence of climate disaster reporting means this topic is […]

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 […]

Will the cost of living crisis ease next year? The global public thinks not

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Charlotte Edmond, Senior Writer, Formative Content Financial worries are particularly acute as rising inflation, interest rates and tax burdens weigh heavy on people’s minds right now. And with significant cost of living increases throughout 2022, many people don’t […]

Tackling the climate crisis with innovative green technologies

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. The impact of investing in innovative green technologies. The World Economic Forum is partnering with the US Special Presidential Envoy for Climate John Kerry and 65 global businesses to invest in innovative green technologies. These financing commitments will ensure […]

Here’s how the food and energy crises are connected

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 Global food prices hit a record high in March and the number of people facing acute food insecurity has more than doubled since 2019, according to the World Food Programme, as COVID-19, […]

Why women’s rights must be at the heart of crisis response

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Dr Natalia Kanem, Executive Director, United Nations Population Fund (UNFPA) Millions of women in crisis settings live in danger, and for those fleeing conflict zones, the threat of gender-based violence looms large. In times of crisis, the plight […]

The humanitarian impact of the crisis in Ukraine will be long-lasting

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Andrej Kirn, Head, International Organizations and Humanitarian Agenda, World Economic Forum & Lisa Ossenbrink, Writer, World Economic Forum The escalating conflict in Ukraine will lead to immense civilian casualties, soaring humanitarian needs, and likely one of the biggest […]

Why female leadership is crucial to tackle climate change and other crises

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mariah Levin, Head of the Forum of Young Global Leaders, World Economic Forum & Gwendoline de Ganay, Community Manager for the Americas, Young Global Leaders, World Economic Forum The COVID-19 pandemic has set representation of women leaders back […]

Global leaders adopt agenda to overcome COVID-19 crisis and avoid future pandemics

This article is brought to you in association with the European Commission. Leaders of the G20 committed today to a series of actions to accelerate the end of the COVID-19 crisis everywhere and better prepare for future pandemics, at a summit co-hosted by European Commission President Ursula von der Leyen and Italian Prime Minister Mario Draghi, […]

Why rent controls won’t solve the urban housing crisis

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Jaime Luque, Professor, ESCP Business School & Kian Starsberg, Master’s student, Management, ESCP Business School Rent controls were at the heart of the recent Paris and London mayoral battles. Recent research suggests that rent controls negatively impact the […]

A perfect storm is pushing children in sub-Saharan Africa into crisis

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mohamed M. Malick Fall, Regional Director for Eastern and Southern Africa, UNICEF & Peter Holmes à Court, Special Correspondent, Analyst An estimated 30 million Africans slipped into extreme poverty in 2020 – the great majority of them under […]

President von der Leyen’s State of the Union Address: charting the course out of the coronavirus crisis and into the future

This article is brought to you in association with the European Commission. European Commission President Ursula von der Leyen today pledged that the European Commission will drive a sustainable and transformational recovery that will give Europe a global platform to lead economically, environmentally and geopolitically. MAIN HIGHLIGHTS The response to coronavirus – and protecting Europe’s health […]

Statement by Commissioner for Crisis Management Janez Lenarčič on the explosion in Beirut, Lebanon

This article is brought to you in association with the European Commission. “We share the shock and sadness of the people of Beirut following the deadly explosion that has taken many lives and left many more injured. Our condolences go to all those that have lost loved ones. At this difficult time, the European Union offers […]

Bangladesh faces a crisis in remittances amid COVID-19

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Amil Aneja, Lead Specialist, Migration and Remittances, United Nations Capital Development Fund & Sheikh Tanjeb Islam, Community Lead, Regional Agenda, Asia Pacific, Global Leadership Fellow, World Economic Forum The coronavirus pandemic highlights the need for better cooperation over […]

The world must pull together to stem the urgent crisis in our ocean

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Tetsuji Ida, Senior Staff Writer and Editorial Writer, Kyodo News The oceans are increasingly threatened by a host of different factors. To tackle these threats will require a fundamental change in the way the international community works and […]

COVID-19: Single market must emerge stronger from the crisis, say MEPs

This article is brought to you in association with the European Parliament. Economic and Monetary Affairs Committee MEPs voiced concerns about the internal market during a debate with Commission Executive Vice-President Vestager on Monday. The majority of MEPs perceive the timely state aid schemes as a lifeline for companies during the COVID-19 crisis. However, they stress […]

AI can help with the COVID-19 crisis – but the right human input is key

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Matissa Hollister, Assistant Professor of Organizational Behaviour, McGill University Artificial intelligence can help address coronavirus – if applied in a creative way. It is up to us to identify new and innovative ways to leverage what AI can […]

Afghanistan: EU reinforces humanitarian support with €40 million as crisis worsens

This article is brought to you in association with the European Commission. The European Commission has allocated an additional €40 million in emergency assistance for those affected by the worsening humanitarian situation in Afghanistan, as well as for Afghan refugees in neighbouring Pakistan and Iran. This brings total EU humanitarian aid for the Afghan crisis to […]

The new crisis is already creeping into the financial system

Unquestionably, everything is wrong in the international financial system, even though the major central banks have actually donated trillions to the banking ‘community’. The US central bank, the Fed, has lent almost free of charge $4.5 trillion to the American banking hub. On this side of the Atlantic Ocean, the European Central Bank has done […]

Urgent action needed to address growing opioid crisis

This article is brought to you in association with OECD. Governments should treat the opioid epidemic as a public health crisis and improve treatment, care and support for people misusing opioids. Overdose deaths continue to rise, fuelled by an increase in prescription and over-prescription of opioids for pain management and the illicit drugs trade, according to […]

An economist explains what happens if there’s another financial crisis

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Kenneth Rogoff, Thomas D. Cabot Professor of Public Policy and Professor of Economics, Harvard University & Ross Chainey, Digital Media Specialist, World Economic Forum The financial crisis of 2008 may have started in the US banking sector but it […]

These countries are home to the highest proportion of refugees in the world

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 By the end of 2017, persecution, conflict and violence had forced 68.5 million people from their homes. That figure – from the UNHCR’s 2018 Global Trends Report – includes 25.4 million refugees (over […]

Growth is running out of steam. How do we prepare for the next crisis?

This article is brought to you thanks to the strategic cooperation of The European Sting with the World Economic Forum. Author: Guy Miller, Chief Market Strategist and Head of Macroeconomics, Zurich Insurance As the end of the year beckons and we ponder what the world will look like in 2019, the World Economic Forum’s latest report on Regional Risks […]

US-China trade war at point of no return: Washington’s demands go beyond tariffs

It seems the US-China trade conflict, if not full scale trade war, is entering the phase of no return. Nothing will be as before in the economic and otherwise relations between the two largest economies of the world. Washington appears ready to push its cause to the end, while Beijing still pretends not to understand […]

IMF: All you want to know about Argentina

This article is brought to you in association with the International Monetary Fund Written by IMF staff Frequently asked questions about Argentina, June 7, 2018 How much money will be disbursed to Argentina to support the new economic plan? Argentina and IMF staff have reached an agreement on an economic plan that can be supported by […]

‘Safe Eurobonds’: a new trick to betray the south euro area countries

All along the years after the 2008-2010 financial crisis, which in the European Union took the form banking/government debt breakdowns starting with Greece, there were cries for the creation of a solid Eurozone. In every respect, these calls amounted to demands that super prosperous Germany accepts some degree of risk-sharing with the rest of the […]

Banks, insurance giants are free again to abuse the real economy

Not many years after the financial meltdown of 2008-2010, the main culpable parties for that global catastrophe, the big banks and the gigantic insurance companies are now commandingly asking the world to forget that. They demand to be again left completely unchecked, free to repeat what they did then; inflate all and every market to […]

Fed, ECB take positions to face the next global financial crisis; the Brits uncovered

The appointment of Jerome Powell as the next head of the US central bank, the famous Fed, is a reassurance to the financial world that the giant lenders will continue being favored by ample and very cheap money. Last Thursday, Donald Trump, the American President didn’t dare to change the cautious approach to monetary policy. […]

Deutsche Bank chased away from US, threatened with more fines

The US Department of Justice settled its claims against Deutsche Bank, the biggest German lender, for packaging and selling toxic mortgage securities to uninformed customers prior to the 2008-2010 financial crisis. Initially, the Justice Department had asked for $14 billion, but it seems it settled for a fine of $7.2bn. However, this is not the […]

IMF – World Bank meetings: US – Germany clash instituted, anti-globalization prospects visualized

This year’s annual meetings of the IMF – World Bank Group in Washington D.C., which kicked off on Thursday 6 October, turned out to be an all out financial war of words between the United States and Germany. In the middle of it stands the battered Deutsche Bank. For a start, there was a confrontation […]

Merkel refuses to consider the North-South schism of Eurozone

The European leaders who form the EU ‘directoire’ may get together as many times as they like, but still appear incapable of solving the club’s existential problems. Last Monday the German Chancellor Angela Merkel, the French President Francois Hollande and the Italian Prime Minister Matteo Renzi met in Naples to relaunch Europe, after the Brexit. […]

Deutsche Bank slammed by the US-based trio of IMF, Fed and Moody’s

Last Thursday morning the International Monetary Fund and the American central bank, the Fed, simultaneously but in the face of it independently, issued warnings about the health of the largest German lender, the long ailing Deutsche Bank. A few days before that the US rating agency Moody’s had degraded the creditworthiness of the bank close […]