World Economic Forum Set to Welcome Global Elite

The World Economic Forum, a high-profile gathering of business and political leaders, will convene in Davos, Switzerland this week. President Trump will attend, and hot topics on the agenda include Iran, climate change and digital currencies.
Kenny Fisher

The annual World Economic Forum (WEF) will be held this week in Davos, Switzerland. The meeting, which will run from January 21-24,  will bring together high-profile politicians and business leaders who will discuss a range of pressing issues. President Trump, who missed last year’s meeting, will lead the U.S. delegation. Treasury Secretary Steven Mnuchin and Trade Representative Robert Lightziger, who were instrumental in passing the U.S.-Canada-Mexico and U.S.-China trade agreements, will also attend.

The WEF meeting takes place just weeks after clashes between the U.S. and Iran, which sent oil and silver prices spiking higher. Against this backdrop of heightened geopolitical tensions, President Trump’s face-to-face meetings and comments at the summit will be closely watched. Saudi Arabia will attend the summit, but Iran’s foreign minister Zarif has canceled his participation, underscoring the tensions which have gripped Iran both externally and at home. Other issues which will be high on the agenda at Davos include climate control and a “Bill of Rights” for digital currencies.

Climate control is no longer a question of carbon emissions, but has become an important consideration in global financial systems. The heads of the Bank of England and the European Common Bank, for example, have repeatedly mentioned that climate change is part of the agenda of the central banks, given the huge (negative) implications that climate change can have on global financial markets.

The WEF’s Global Blockchain Council is working on a  “Blockchain Bill of Rights: Design Principles for a Decentralized Future.” The goal is to establish minimum requirements for this new technology, with an eye on protecting users of digital currencies. This would involve a wide range of protections, such as the right to privacy/security, accountability and accessibility, among others.

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.