The Global Risks Report published by the World Economic Forum last week showed that many see a heightened risk of political and economic confrontations between major powers this year. Photo: BloombergDavos: European leaders will be out in force at the World Economic Forum in Davos this week to defend multilateralism before US President Donald Trump arrives to deliver his “America First” message. A decade after the bankruptcy of US investment bank Lehman Brothers helped trigger a global financial crisis, economic growth has returned and stock markets are hitting record highs. European Commission President Jean-Claude Juncker, back in Davos after a 20-year absence, is also due to speak. Among the other leaders attending are British Prime Minister Theresa May, Israel’s Benjamin Netanyahu and several African leaders, including Zimbabwe’s new president Emmerson Mnangagwa.

Source: Mint January 21, 2018 09:56 UTC