What we are seeing on the ground at the World Economic Forum

Bring on private jets, billionaires, expensive snowshoes, flashy night parties, and climate change talks over coffee in the World Economic Forum (WEF) in Davos, Switzerland.

The annual event returns to its schedule in mid-January for the first time since the start of the COVID-19 pandemic. This year’s theme: Collaboration in a Fragmented World.

The five-day conference, which begins on Monday, will attract the world’s elite, from politicians to pop stars.

Some of the big names on snow-covered territory will range from Jamie Dimon, CEO of Davos JPMorgan (Jay Dimon) (new Q4 earnings announced and New interest rate warning) to Qualcomm CEO Cristiano Amon, to musician-turned-tech investor Will.i.Am.

A man takes a selfie in front of the logo of the World Economic Forum (WEF) 2023 at the Davos Congress Center in the Alpine resort of Davos, Switzerland, January 15, 2023. REUTERS/Arnd Wegmann

Salesforce Co-Founder and CEO Marc Benioff will also attend Make a tough decision to cut 10% of its workforce this month. Unlike Davos for spring-summer 2022, Benioff will be absent as co-CEO — fellow one-time Battery Brett Taylor Recently he stepped aside to pursue his next endeavor.

The meetings of business’s top minds will come as investors are still feeling the sting of the 2022 bear market and with recession fears due to rising interest rates. The Russian/Ukrainian war is still omnipresent.

“With the conflict between Russia and Ukraine close to a year away, economies and societies will not easily rebound from the continuing shocks,” Saadia Zahidi, managing director of the World Economic Forum, wrote this year. Global Risks ReportAdding that “more than four out of five respondents expected steady volatility over the next two years.”

The report also found that the cost-of-living crisis is the biggest short-term risk to society. Long-term challenges, such as tackling climate change and natural disasters – always under discussion at the World Economic Forum – are still up for debate.

In the background, there are likely to be concerns about the outlook for cryptocurrencies in Following the collapse of FTX. and tesla Share price drop On the hands of Elon Musk, the owner of Twitter, may get some attention in the exclusive meeting.

Yours truly and Julie Heyman He will be on the floor all week long with great interviews broadcasting around the clock Yahoo Finance Live and the YF YouTube channel. Bring your own coffee…and your inventory watch list.

Brian Suzy It is a comprehensive editor and Anchor at Yahoo Finance. Follow Suzy on Twitter @employee and on linkedin.

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