Meanwhile, there are concerns that Russia may gain an advantage due to fatigue over continued support for Ukraine. Ukrainian businessman Victor Pinchuk called for greater support and weaponry, while UK foreign minister David Cameron emphasised the importance of Ukraine's security. Salesforce's Marc Benioff warned of the dangers of unregulated AI adoption, while UK chancellor Jeremy Hunt called for a light-touch regulation.
Key takeaways:
- Argentina's newly elected president, Javier Milei, criticized western leaders for abandoning freedom in favor of collectivism at the Davos meeting, warning of the dangers of collectivist experiments.
- Disruptions in the Red Sea, due to attacks by Yemeni Houthis, have impacted global trade and economic growth expectations for 2024, with the World Trade Organisation projecting a minor recovery in trade growth of 3.3% in 2024.
- Nicolai Tangen, CEO of Norges Bank, predicts it will be difficult to make money in 2024 due to inflation, wage increases, climate impact on inflation, and geopolitical instability.
- There are concerns that fatigue over continuing support for Ukraine could leave Russia with an advantage, with Ukrainian businessman Victor Pinchuk calling for greater support and weaponry.