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Daily Business Wrap - World's elite head to Davos
Gulf News
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2/12/2025
World leaders and analysts will be gathering in Davos this week to discuss economic challenges, and earnings season kicks off.
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00:00
The world's top politicians, leaders and economists will be gathering this week at
00:05
Snowy Davos in Switzerland for the annual World Economic Forum, where topping the lists
00:10
of topics they will be discussing will be climate change, globalization and finally
00:15
mental health.
00:16
And that is what they're scheduled to discuss, but there will be some elephants in the room,
00:19
most prominently US-China trade tensions and Brexit.
00:23
And that is because the top politicians in these two battles will not be at Davos.
00:27
US President Donald Trump benched the White House theme that was supposed to go to Davos
00:31
and Prime Minister Theresa May from the UK also said she will not be going to Davos this
00:35
year in order to focus on Brexit.
00:37
In other news, it's earnings season both locally and internationally, so expect companies to
00:42
be reporting their results for the fourth quarter of 2018 this week.
00:45
We've already seen results from Emirates NBD from Dubai and internationally we're expected
00:50
to see results from Starbucks, Johnson & Johnson, Ford and IBM this week.
00:54
So keep your eyes peeled for those.
00:56
You can check us out at gulfnews.com forward slash business.
00:59
This has been the Daily Business Wrap.
01:00
Thank you so much for watching.
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