The annual meeting of the 45th World Economic Forum on Saturday came to an end and world leaders are still scrambling to find ways to stimulate economic growth.
As world elites gathered in the Swiss ski resort of Davos for the ongoing Annual Meeting of the World Economic Forum (WEF), the participants highlighted the need for a more open and stable global trade system under the new international situation.
U.S. stocks managed to end slightly higher Tuesday after the International Monetary Fund (IMF) cut its global economic forecast for the next two years.
The global economy is facing strong headwind despite the boost from positive factors such as lower oil prices and stronger U.S. economy, Christine Lagarde, Managing Director of the International Monetary Fund (IMF) said Thursday at a forum held by the Washington think tank Council on Foreign Relations.
The World Economic Forum (WEF) Annual Meeting 2015 scheduled from Jan. 21 to 24 in Davos of Switzerland would serve as a platform looking for solutions to major challenges faced by the world, said the organization on Wednesday.
Following another disappointing year in 2014, the global economy is continuing its fragile and divergent recovery.
2014 is quite a year. The world economy has witnessed faltering growth in the euro area, plummeting oil prices, and flaring geopolitical tensions that posed unforeseen challenges to global recovery.
A senior official of the United Arab Emirates (UAE) said on Sunday some Arab countries which are not members of Organization of Arab Petroleum Exporting Countries (OAPEC) triggered "the deterioration in oil prices due to irresponsible oil production," the state-run news agency WAM reported.
French Foreign Minister Laurent Fabius on Sunday welcomed Lima accord on climate change which he said prepared the ground for Paris's next year gathering to forge concrete measures aimed at slowing increases in global temperature, droughts, floods, storms, and sea-level rise.
Oil prices which hit the lowest level for four years at global market will not fall downer, an Algerian energy expert said Sunday in Algiers.
The ministers of the Organization of Petroleum Exporting Countries (OPEC) decided here on Thursday to maintain its output level despite crude oil price fell to a four-year low level, a statement released after the OPEC conference said.
Global business confidence down to five-year low: survey
China held the First Internet Conference in the rivertown of Wuzhen, calling for global Internet inter-connectivity and shared governance by all.
The G20 leaders said here Sunday that they remain confident about raising their collective GDP by more than 2 percent by 2018 despite renewed risks in global economy.
A joint statement on climate change issued Wednesday by China and the United States to limit greenhouse gas emissions has won praises worldwide, as it is seen by many as a great momentum toward reaching a global climate change agreement next year.
Lightning strikes will increase by about 12 percent in the United States for every one degree Celsius rise in global average air temperature, U.S. researchers who studied the effect of global warming on lightning activity said Thursday.
New Zealand Prime Minister John Key said Friday he will be gauging concerns over the international economy when he attends the G20 Leaders Summit as a guest of the host country Australia this weekend.
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