DAVOS - World political and business elites are gathering in Davos, Switzerland, for an annual forum on how to tackle global problems, like the increasing wealth gap between rich and poor. Several key leaders will be missing though.
This year the leader of the US, the UK and France will not be attending the World Economic Forum due to domestic troubles.
Donald Trump is busy with his government shutdown. Theresa May is bogged down by Brexit negotiations complete with defiant MPs and unyielding EU officials. Emmanuel Macron has crowds of yellow vest-wearing protesters, outraged at his austerity reforms. Arguably the biggest political name on the guest list is German Chancellor Angela Merkel.
On the other hand, Davos will be the first international visit for Brazil’s controversial new President Jair Bolsonaro, who is to deliver a speech later on Tuesday. Israeli Prime Minister Benjamin Netanyahu, a fellow right-wing strongman is attending too, despite facing corruption allegations and strong competition in the upcoming snap election at home. As the gathering takes place, a new report by the British charity Oxfam, released last week, said the world’s 26 wealthiest people own as much as the poorest half of humanity – a new record of inequality for an increasingly economically disparate world. (RT)