12/24/2023 0 Comments Spring border free download clipartPhotos: Post photographers have been on the ground from the very beginning of the war - here’s some of their most powerful work. Russia has used an array of weapons against Ukraine, some of which have drawn the attention and concern of analysts. The weapons: Ukraine is making use of weapons such as Javelin antitank missiles and Switchblade “kamikaze” drones, provided by the United States and other allies. The United States and its allies are racing to deliver the enormous quantities of weaponry the Ukrainians urgently need if they are to hold the Russians at bay. The fight: A slowly regenerating Russian army is making incremental gains in eastern Ukraine against valiant but underequipped Ukrainian forces. The Institute for the Study of War said Ukraine appears to be having some success slowing Russia’s advances and its defenses “remain strong.” Severodonetsk is one of the last cities standing in the way of Russia controlling the entire Luhansk region. The World Economic Forum will take place in Davos, Switzerland from May 22 to May 26.The latest: Ukraine and Russia are locked in an intense street-by-street fight for territory in the eastern city of Severodonetsk and surrounding areas, with Kyiv’s forces saying they have clawed back ground under a barrage of artillery attacks in recent days and Moscow saying Ukraine is suffering “critical losses” and retreating. (The authors are Reuters Breakingviews columnists. For the remaining chieftains, common ground will be more elusive than ever. Russian oligarchs and business leaders, for long enthusiastic participants, are no longer welcome following President Vladimir Putin’s invasion of Ukraine. Getting people to the table is difficult, however. This year’s star guest, the Ukrainian President Volodymyr Zelenskiy, is due to make a video address. Schwab has historically been good at pivoting: he even managed to persuade President Donald Trump – the antithesis of “Davos Man” – to attend in 2020. Yet the celebratory mood is tempered by tumbling prices of bitcoin, ethereum and others, and pressure on stablecoins like Tether.Īs war and financial sanctions fragment supply chains and reconfigure alliances, some question the point of a gathering for the global elite. The “Medical Psychedelics House of Davos” will host a shindig for alternative decentralised finance on Tuesday night, and another party for policy leaders later in the week. Even Fink, a staunch supporter of climate-related initiatives, said this month that companies need to invest in traditional forms of energy in the short- and medium-term.Ĭryptocurrency enthusiasts are out in force, as evidenced by the storefronts on Davos’s main drag occupied by companies like Circle. But the focus has changed as Europe attempts to wean itself off Russian fossil fuels. Proponents of raising environmental standards are still out in force: the first full day includes no fewer than 10 panels dedicated to climate-related issues. Those that do show up have plenty to worry about as rising interest rates signal the end of easy money, while tight commodities markets challenge the previous consensus. Zurich airport expects around a third fewer take-offs and landings than usual due to the reduced number of private and state jets. The overall number of delegates is down roughly a fifth from the 2020 gathering. JPMorgan (JPM.N) boss Jamie Dimon has stayed at home so has BlackRock (BLK.N) chief Larry Fink. Rather than trudging to breakfast panels and parties in sub-zero temperatures, attendees this year just have to dodge the occasional spring shower. The Covid-19 pandemic scuppered last year’s gathering and an attempted summer alternative in Singapore, and then forced Schwab to delay the 2022 event. As economies turn inward and markets tumble, founder Klaus Schwab’s knack for brokering cross-border relationships faces a stiff test.Īt the last meeting in January 2020, leaders debated the threat posed by global warming, only to confront a more immediate crisis. Pandemic, war, and the unusual spring slot help explain some notable absences. Political, business and financial leaders and their entourages are convening in Davos, Switzerland this week after a delay of more than two years. DAVOS, Switzerland, May 23 (Reuters Breakingviews) - The World Economic Forum is showing signs of a more siloed world.
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