Morning Briefing: Davos' #MeToo moment

Highlights

“Davos is having its #MeToo moment,” writes Breakingviews’ Una Galani. For the first time, the World Economic Forum is being chaired entirely by women and gender is a theme of high-level panel discussions and cocktail parties. But - as Galani asks - is there much more the organizers can do?

This year there is a very specific, very direct challenge facing the progressive idealism of Davos. Our columnist Sir Harry Evans puts it very simply: “Trump will have the last word as the closing keynoter….but surely this time someone will take a stand against Trumpian nihilism.”

Canadian Prime Minister Justin Trudeau speaks this afternoon. We’ll be watching to see if he brings up global trade, especially with the Trump Administration’s NAFTA-bashing. You can watch it here.

After days of heavy snowfall that left even Davos’ bold-faced names stranded or slipping their way down the Promenade, Tuesday brought mild weather. The conditions still do pose one threat: “when Trump comes on Friday it is far from obvious whether he will be able to use a fleet of large helicopters to land in Davos,” said a source close to the organizing committee.“Large helicopters increase the risk of avalanches.”

Social Media Recap

Film star Cate Blanchett, singer-songwriter Elton John and Bollywood star Shah Rukh Khan received awards in Davos yesterday for their work raising awareness about human rights issues. Meanwhile, social channels are finally beginning to light up with hot topics not related to the snowfall.

 

We are seeing a growing technology backlash as people are growing concerned about what it will mean for the future of jobs and trusted sources of information says @jimsmith, President and Chief Executive Officer of @thomsonreuters #wef18 #digitaleconomy

2:49 AM - Jan 23, 2018

 

“From Davos: Snow, speculation and the latest #WEF18 news ” by @Reuters_Davos

3:40 AM - JAN 22, 2018

 

Still adjusting to the shift of going from sweltering Lagos, Nigeria, to snow-filled #Davos2018 with @Reuters_Davos

11:30 AM - JAN 22, 2018

headlines from reuters.com

Russia may back Aramco IPO, enhance OPEC ties

Russia’s giant pension funds want to buy into the highly-anticipated stock offering from oil giant Saudi Aramco. The reasons are fairly obvious: buying into the Saudi powerhouse brings Russia closer to OPEC and offsets growing Chinese influence.

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Optimism booms among Davos CEOs despite geopolitical storm clouds

While chief executives are more optimistic about the economic outlook, anxieties are rising about geopolitics, cyber threats and terrorism, a survey showed yesterday. At least 40 percent of CEOs surveyed admitted to being “extremely concerned” about geopolitical uncertainty, cyber threats and terrorism, while 31 percent worried about climate change after a year of devastating storms.

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A matter of trust

From Airbnb to cryptos, technology has taught human beings to trust anonymously. At least that’s what “Who Can You Trust” author Rachel Botsman told Reuters TV’s Conway Gittens in a quick ride up the Schatzalp.

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