Rolling coverage from the World Economic Forum in Davos
Good morning from Davos, where world leaders, business chiefs and policymakers are gathered for the World Economic Forum.
Two-thirds of chief economists surveyed by WEF believe there is likely to be a global recession in 2023, with nearly one in five saying it is extremely likely to occur.
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40pc of business chiefs fear for the future as Davos beginsCEOs are the most downbeat they’ve been since the 2008-09 financial crisis, while chief economists are braced for a global slowdown.
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Ramaphosa cancels Davos trip amid South Africa energy crisisAfrica’s most industrialised economy being hit by daily power cuts as anger grows among opposition and public
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Rich Listers make $2500 a second as world’s wealthy descend on DavosAnalysis by charity Oxfam warns that the surging growth in billionaire wealth is unsustainable.
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Albanese govt has a ‘deliberate’ agenda at the World Economic ForumThe Australian government has a “deliberate” agenda to be prosecuted at the Davos World Economic Forum, Assistant Trade and Manufacturing Minister Tim Ayres says. “We have a very deliberate careful agenda that I’ll be prosecuting at Davos, there will be a series of meetings of world trade ministers there,” Mr Ayres told Sky News Australia. “Focused on WTO reform, that will be really important for shaping the agenda in Australia’s national interest. “Making sure we deliver a high-quality EU Australia free trade agreement.”
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Assistant Trade Minister Tim Ayres is joining Andrew Forrest. Ken Henry, Kevin Rudd and roughly 3000 other A-listers are going to Davos but Anthony Albanese isn’tAssistant Trade Minister Tim Ayres is joining Andrew Forrest. Ken Henry, Kevin Rudd and roughly 3000 other A-listers in the Swiss ski resort. But Anthony Albanese won’t be there.
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Australian Open 2023 LIVE updates: Tennis Australia ban Russian flags; Novak Djokovic, Alex de Minaur, Aryna Sabalenka, Casper Ruud, Caroline Garcia in action on day twoNovak Djokovic, Andy Murray and Ons Jabeur begin their Australian Open campaigns and Alex de Minaur leads a cast of Australian hopefuls battling for the second round after Jason Kubler, Rinky Hijikata, Olivia Gadecki and John Millman progressed on day one.
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