The Bill & Melinda Gates Foundation will inject $750 million into the Global Fund to Fight AIDS, Tuberculosis and Malaria, Microsoft co-founder Bill Gates announced Thursday at the World Economic Forum.
Ask a small farmer in Indonesia about the impact of the global financial crisis on his daily life and he will answer, "Crisis? What crisis?" As farmers, we know what a big crisis is. In 1997, we saw the collapse of the whole economy, driving thousands of unemployed construction and industry workers back to the villages, where their families already had difficulties making ends meet.
It says it all when Europe turns to China for a bailout. That was what happened last week when the man in charge of the European Financial Stability Fund flew to Beijing to see if he could interest Chinese investors in propping up the finances of the eurozone.
To decrease deaths from noninfectious diseases, countries should pass excise taxes on tobacco and alcohol, encourage smoke-free public places, reduce salt and trans fat in foods, and increase awareness of diet and physical activity, according to a World Health Organization report.
The big issues in the air at this year's World Economic Forum in Davos were privacy and "big data" -- the vast amounts of revealing information we generate when using computers and mobile phones. Pundits have framed the discussion in simplistic terms, as an epic struggle between individual rights and corporate profits.
From January 28 to February 1 CNN is broadcasting live and reporting online from the World Economic Forum in Davos, Switzerland, as the world's leading power brokers and moneymakers gather to discuss the state of the world in 2009.
The worldwide economic recession has exposed a "crisis of global governance" that can only be addressed by the radical reform of the United Nations, former U.N. Secretary-General Kofi Annan said Wednesday as the World Economic Forum got under way in Switzerland.
By the final day of this year's World Economic Forum, people were joking that the world had gone through a full economic cycle in the four days the conference had been underway. After a Monday on which global markets seemed in freefall, by Friday the Dow average amazingly showed a tiny gain for the week. Klaus Schwab, the paternalistic overseer of each year's Forum, was proudly talking of a "Davos effect" on world markets.
A significant number of the bankers, regulators, credit agencies and other key players whose errors, omissions and greed contributed to the current financial crisis are at the World Economic Forum in Davos - and they all seem to be singing from the same hymn sheet.
Economic worries were the main topic of conversation among CEOs and politicians at the start of the World Economic Forum in the Swiss resort of Davos, and it seems to be one of the top issues on your minds, too.
They may have ridden to the rescue of Citigroup and Merrill Lynch in the past couple of months, but the rise of so-called sovereign wealth funds - huge state investment vehicles from places like Russia, Kuwait and Singapore with billions of dollars to invest - has sparked a nervous reaction in the U.S. and prompted official calls for the funds to be subject to an international code of conduct.
"In many crucial areas, the world is getting better...but it's not getting better fast enough, and it's not getting better for everyone," Bill Gates said in Davos on Thursday as he called for a more concerted global drive toward what he calls "Creative Capitalism." He said that companies, especially the biggest ones, can improve the lot of the world's least privileged by better aligning their self-interest with the good of society.
Bleak forecasts for the global economy dominated Wednesday's opening of the annual World Economic Forum in Davos, but business and government leaders were divided over the possibility of a global recession.
Avalanching global markets were expected to come crashing onto the agenda in the Swiss ski resort of Davos this week as world leaders and big business names gathered for the annual meeting of the World Economic Forum.
With over 200 public figures attending this year's World Economic Forum in Davos, the Swiss town is set to be a real-life who's who of international statesmen and politicians. Below we've profile a few of this year's big hitters.
I'll reiterate what I said in a feature story I wrote for the current issue of Fortune - Second Life is important not because it resembles a game, or because of how many people are signing up, or the big companies starting to do business inside it. What convinces me it is one of the most significant technology breakthroughs in history is that it is a platform on top of which users can create their own software and content, realize their ideas, and even make money.
Eric Pooley reports: If a session at Davos isn't absolutely great I start to wish I was up on the mountain instead of down in the Congress Center. Right now all thoughts of skiing have been banished: Bill Gates, Eric Schmidt, John Chambers and Niklas Zennstrom are talking about the next phase in the tech revolution, and how they're making it pay.
Justin Fox reports: For members of the Old Media, Davos remains stuck in a blissful time warp where they still matter and there's no Matt Drudge or Instapundit or Daily Kos around to cause trouble. Genius that he is, World Economic Forum founder Klaus Schwab long ago swept the people who run the world's newspapers, magazines and TV networks into a tight embrace, and he's not letting go, at least not yet.
Google is not evil. You'd think it was the end of the world as we know it, to read many accounts of the company's decision this week to create a new version of Google inside China that will censor certain search terms at the request of the government.