 | | | Davos | | A majority of people around the world believe capitalism in its current form is doing more harm than good, a survey found ahead of this week’s Davos meeting of business and political leaders. This year was the first time the “Edelman Trust Barometer”, which for two decades has polled tens of thousands of people on their trust in core institutions, sought to understand how capitalism itself was viewed. | | | | The world’s richest 2,153 people controlled more money than the poorest 4.6 billion combined in 2019, while unpaid or underpaid work by women and girls adds three times more to the global economy each year than the technology industry, Oxfam said. The Nairobi-headquartered charity said in a report released ahead of the annual World Economic Forum of political and business leaders in Davos, Switzerland, that women around the world work 12.5 billion hours combined each day without pay or recognition. | | | | Iranian Foreign Minister Mohammad Javad Zarif will not attend the World Economic Forum’s annual meeting in Davos this week because its organizers had “abruptly changed its agenda”, its foreign ministry spokesman said. Reuters last week reported that Zarif was no longer on the list of nearly 3,000 people due at the event, which is being held under the banner “Stakeholders for a Sustainable and Cohesive World”. | | | | | |
