Davos begins new era grappling with global order shaken by Trump [BNN Bloomberg (Canada)]
Exxon Mobil Corporation (XOM)
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Source: BNN Bloomberg
U.S. President Donald Trump's expected appearance in the Swiss mountain resort highlights the gap between his agenda and the consensus-driven approach of the WEF, which has faced enduring criticism that it is a talking shop of the rich. His “America First” policy has led to trade tariffs being used as punishment, military intervention in Venezuela, the threat of taking over Greenland by force and a U.S. retreat from cooperation on climate, health and other global challenges. The Trump administration has also threatened Federal Reserve Chair Jerome Powell with a criminal indictment, prompting many top central bankers to issue a statement defending him and central bank independence. Dubbing its 56th edition “A Spirit of Dialogue,” the WEF's leaders say that given the current uncertainty, getting together to map out a way forward in business and politics is crucial. “Dialog is not a luxury, it is a necessity,” said WEF president and CEO Borge Brende, a former Norwegian minister.
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