The annual World Economic Forum in Davos, Switzerland is set to convene close to 3,000 leaders from over 130 countries to discuss pressing challenges and opportunities in an uncertain era. While Donald Trump is expected to address the forum via live video link, key leaders such as Indian Prime Minister Narendra Modi, Chinese President Xi Jinping, and French President Emmanuel Macron will be absent. The theme of this year’s event is “Collaboration for the Intelligent Age,” with a focus on reimagining growth, industries, investing in people, safeguarding the planet, and rebuilding trust. The lack of participation from some world leaders may be due to domestic issues or ambivalence towards the event’s perceived elitism. The forum aims to provide a platform for stakeholders from various sectors to come together for positive change.
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Inflation surged in June amid tariffs as Trump declared ‘inflation is dead’
Consumer prices increased by 2.7% in June, reflecting the impact of President Trump's tariff policy, although still below January's 3%. While the White House touted this as stabilizing inflation, some retailers warned of potential price hikes due to tariffs, and analysts predict further inflation increases despite the Federal Reserve's cautious stance on interest rates. Explain It To Me Like I'm 5: Consumer prices went up by 2.7% in June compared to last year, partly because...
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