Aramco CEO Warns Of Global Oil Crunch Due To Lack Of Investment

DAVOS – The world is facing a major oil supply crunch as most companies are afraid to invest in the sector as they face green energy pressures, the head of Saudi Aramco told Reuters, adding it cannot expand production capacity any faster than promised. Amin Nasser, head of the world’s largest oil producer, said on … More Aramco CEO Warns Of Global Oil Crunch Due To Lack Of Investment

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Davos Booster For $18 Billion Fund To Fight AIDS, Tuberculosis And Malaria

DAVOS, Switzerland – A global health fund has raised a third of the $18 billion it says is needed to reverse setbacks caused by the coronavirus pandemic and combat AIDS, malaria and tuberculosis. The Global Fund to Fight AIDS, Tuberculosis and Malaria announced its first pledge from the private sector on the sidelines of the … More Davos Booster For $18 Billion Fund To Fight AIDS, Tuberculosis And Malaria

World Faces A Turning Point, Ukraine’s Zelenskiy Warns Leaders At Davos

DAVOS, Switzerland – Ukrainian President Volodymyr Zelenskiy told global business leaders meeting at Davos on Monday that the world faces a turning point and has to ratchet up sanctions against Russia as a warning to other countries considering using brute force. ‘History is at a turning point…This is really the moment when it decided whether … More World Faces A Turning Point, Ukraine’s Zelenskiy Warns Leaders At Davos

Crypto Crowd Dominate Davos Main Street Despite Price Crash

DAVOS, Switzerland – A free bitcoin pizza stall and a ‘Liquidity Lounge’ were among the treats on offer for attendees at this year’s meeting in Davos, where blockchain and cryptocurrency firms have taken over its main street, despite a recent crash. Executives from the crypto sector have descended on the annual gathering of business leaders … More Crypto Crowd Dominate Davos Main Street Despite Price Crash

Omicron Uncertainty Prompts WEF To Delay Davos Summit To Mid – 2022

ZURICH – The World Economic Forum (WEF) on Monday postponed its annual meeting in Davos due to the spread of the Omicron coronavirus variant, putting off the event scheduled for January until mid – 2022. A month before world business and political leader were due to gather in the Swiss ski resort, its organisers said … More Omicron Uncertainty Prompts WEF To Delay Davos Summit To Mid – 2022