economic forum itself there is a challenge currently right now underway the world economic forum is challenging c.e.o.'s to go net 0 by the year 2050 we've seen a number of them sign up we've seen a number of them behind that pledge gratitude saying that is absolutely not enough we need to mattick action we need it now we needed to be deeper and we certainly need that before 2020 and we know every year there is a buzz word or there was a catch phrase that everyone's talking about in davos this year one of those phrases is stake holder capitalism tell us about this. yeah in fact it goes as follows stakeholders for a cohesive and a sustainable world now this is a concept which says that companies have a responsibility to society it is not just about generating wealth it is not just about making money it is not just an obligation to shareholders and said they have an obligation to their stakeholders including the following employees customers suppliers local communities society at large that companies must be concerned with inequality that they must be concerned with climate change tha

he's a at the world economic forum in davos, switzerland. will the president's economic achievements, the stock market boom, speak louder than partisan political games? we'll have that answer. keep it here on "fbn: a.m.." at fidelity, online u.s. stocks and etfs are commission-free. and when you open a new brokerage account, your cash is automatically invested at a great rate. that's why fidelity leads the industry in value while our competition continues to talk. ♪ talk, talk 1 in 3 deaths is caused byn cardiovascular disease. millions of patients are treated with statins-but up to 75% persistent cardiovascular risk still remains. many have turned to fish oil supplements. others, fenofibrates or niacin. but here's a number you should take to heart: zero-the number of fda approvals these products have, when added to statins, to reduce the risk of cardiovascular disease. ask your doctor about an advancement in prescription therapies with proven protection. visit truetoyourheart.com beyond the routine checkups. beyond the not-so-routine case

is in davos switzerland for the world economic forum today to discuss the world economic outlook the i.m.f. reports that compared to the outlook report in october estimated global growth this year is down 110th of a percent to 3.3 percent growth one of the major reasons for the dip is projected growth includes a slowdown in india. and now to some of the other business stories making news. the friendship build. to cast one a 2000000000 euro contract securing its future for the next 7 years the firm signed a deal with fellow french them and see cruises for 2 brand new ships the new linus will be delivered in 20252027. china is calling on canada to release the detained hugh away executive migwan sure mang was arrested over a year ago and is charged with bank fraud for misleading the bank h.s.b.c. about your ways in iran banks extradition hearing where she'll fight american efforts to have a brought to there for trial is scheduled to begin today. here on mosque space tourism company space x. has deliberately destroyed one of its falcon 9 walk it's to test the rockets abort function must

economic forum and. looks like he's getting somewhere in getting that message across for the 1st time at the very end of his tenure after 50 years of davos if you take a look at the figures the global growth is seen in 1980 extreme poverty so that 42 percent but then a change to 2020 of just 7.7 percent that comes down greatly to china embracing globalization but globalization has also left so many people behind that's the problem as far as inequality goes right to senior business editor joining us from davos that very much. so the question that ben is alluding to there is capitalism facing growing skepticism around the world and majority of respondents in a recent worldwide poll by u.s. p.r. firm edelman say actually capitalism does more harm than good and they pointed especially to that growing inequality of recent years and that is food for thought in davos where the world economic forum is of course opening those weeklong meetings today and were some young entrepreneurs say the business now has to ch

that was sally bundock at the world economic forum. theindexin bundock at the world economic forum. the index in hong kong is lower. thank you for investing your time with us. see you in the next hour with us. see you in the next hour with asia business report. goodbye for now. this is bbc news. the top stories this hour: a city in lockdown — chinese officials say the people of wuhan cannot travel as they try to contain the spread of a deadly virus. at the trump impeachment trial the us senate hears the opening arguments as the prosecution makes the case against the president. no it looks as if written in the us are on a collision course over taxing tech companies. the virtual business giants of the tech world have a very physical presence on the streets of davos at the world economic forum, where they need to keep the world's powerbrokers on side. taxing them has been tricky and is now a global diplomatic incident, with britain committed, in april, to a 2% tax on the uk sales of the likes of facebook, google and amazon. as we leave... here, the chancellor under pressure internati

the world economic forum's cupboard stick around he will be right back. what secrets lie behind. discover new adventures in 360 degree. and explore fascinating world heritage sites. p.w. world heritage 316 get tapped now. kudos. to go to the girl next you tube channel. the final story. with exclusive. the must see concerning cold turkey. should be curious minds. do it yourself networkers food so subscribing and don't miss out. on the food. chain 2 of the. 2 very different voices shaping day one of the world economic forum president donald trump praising these strains of the u.s. economy and calling environmentalists prophets of doom. tells the doubles the lead you're not doing enough to save the world also on the program concern grows about the spread of a new virus in china shaving value he's around the globe reaction for investors in the united states or the 1st case has just been. on kris kobach welcome to the program with political trouble boiling in washington the u.s. president. is preferred the picturesque scenery of the swiss alps as opening speaker of the world economic

isn't davos for the world economic forum to discuss the i.m.f. reports that compared to the reporting of tobar estimated global growth for this year is down 110th of a percent to 3.3 percent growth one of the major reasons for the dip in projected growth includes a slowdown in. it is the world's most expensive real estate market but prices in hong kong are now under pressure after months of protests there. experts warn against too much optimism. hong kong's real estate market is the most expensive in the world after months of democracy protests real estate prices in hong kong are falling this tiny shop of less than 2 square meters in a crowded corner of one shy is a powerful symbol of change former investment banker turned property fund manager edwin li explains. this is this shop that very much to pay so based on my best lot of shared memory the shop lost the most money in the store was once a currency exchange kiosk but the tourism downturn means it's now a real estate office bought for just over a 1000000 euros it sold for less than half now b

is in davos switzerland for the world economic forum today to discuss the world economic outlook the i.m.f. reports that compared to the outlook report in october estimated global growth this year is down 110th of a percent to 3.3 percent growth one of the major reasons for the dip is projected growth includes a slowdown in india. and now to some of the other business stories making news. the friendship build. to cast one a 2000000000 euro contract securing its future for the next 7 years the firm signed a deal with fellow french m m s c cruises for 2 brand new ships the new linus will be delivered in 20252027. china is calling on canada to release the detained hugh away executive making one sure mang was arrested over a year ago and is charged with bank fraud for misleading the bank h.s.b.c. about your ways to tease in iran extradition hearing where she'll fight american efforts to have her brought to there for trial is scheduled to begin today. here on mosque space tourism company space x. has deliberately destroyed one of its falcon 9 walk it's to test the rockets abort function m

economic forum listing climate as the biggest long term risk to companies i was talking to the world economic forum's president yesterday back at pretending and he had quite a lot to say about the trend towards companies now putting pressure on governments which is quite an interesting thing i think a lot of companies are also seeing what is really happening in real life there is an emergency just look at the situation though it is an area of the size of switzerland that has been burning and we cannot continue on sustainable path we are acting like we have a planet b. but we don't have we only have one planet and though the cost of implementing the necessary steps to start to mitigate and reduce c o 2 is lower than the cost of continuing like we're doing today and i feel that many companies are know even pushing the envelope they are pushing their government to do more and you expecting the impossible by inviting along a teenage climate activists credit to unberth and paying her against the most powerful climate denier in the world donald trump and giving him the opening speech . whi

in washington we'll have coverage of the annual meeting of the world economic forum in davos coming up next indeed i believe business with christoph cobra i'm going to help frame a while at the top of the alice to you that. what secrets lie behind the small. discover new adventures in the 360 degree. to explore fascinating world heritage sites that. double your world heritage 360 get kidnapped now. in the. climate change. the stimulus of. the. instant. one day years today the future of. g.w. dot com the closer to the making. clear cut or. the . odds. 2 very different voices shaping day one of the world economic forum president praising the strength of the u.s. economy and calling and bar mentalists prophets of doom while gratitude burke tells the davos believe that you're not doing enough to save the world also coming up concerns grow about the spread of a new virus in china shaving value of faculties across the globe will bring your reactions from investors in the united states where the 1st case has just been reported. over welcome to the program with political trouble boiling in was

economic forum itself there is a challenge currently right now underway the world economic forum is challenging c.e.o.'s to go net 0 by the year 2050 we've seen a number of them sign up we've seen a number of them behind that pledge gratitude saying that is absolutely not enough we need to mattick action we need it now we needed to be deeper and we certainly need that before 2020 and we know every year there is a buzz word or there was a catch phrase that everyone's talking about in this year one of those phrases is stake holder capitalism tell us about this. yeah in fact it goes as follows stakeholders for a cohesive and a sustainable world now this is a concept which says that companies have a responsibility to society it is not just about generating wealth it is not just about making money it is not just an obligation to shareholders and said they have an obligation to their stakeholders including the following employees customers suppliers local communities society at large that companies must be concerned with inequality that they must be concerned with climate change that they

the 2020oking back at world economic forum. a warning that climate change will upend global finance more than many leaders expect. the blackrock leader pledged it will make sustainability a focus of its investment strategy. at the bloomberg event, the year ahead. ♪ >> being in the capital markets for 44 years, it is very clear we in the capital markets bring risk forward, and we don't wait until the risk is in front of us. there are times it happens, and that was the financial crisis, but in most cases we navigate the risk, and through that process we mitigate most risk. there is a greater belief in the science and as a result of that now, we should not avoid the conversation about climate change, because climate change is now becoming an investment investorsifferent as focus on a yield curve or whatever forms of risk we have. it is very clear to me now we need to bring forward better risk tools to navigate risk. letter is asking more companies to be self reporting cfd, so we havet better clarity on how each company is naviga

economic forum. the big clash between donald trump and talk to him back did not happen today at davos or at least not directly in his speech the u.s. president did not even mention climate change let alone the name of the teenage activist instead he compared climate activists to prophets of doom were somehow fortune tellers of the past who told us that bad things would happen that in the end got sorted out one way or the other interpreted donald trump's speech the same could happen with climate change through innovation and technology shortly after it was created back's turned to respond even though she did not mention donald trump's name directly she hinted at his plan for example of planting a trillion trees that's something that is simply not enough to tackle climate change and also mention that we cannot rely on technologies that haven't been invented yet to tackle the climate crisis her message resonates among climate activists and those who support her but not so much among businesses who are s

economic forum itself there is a challenge currently right now underway the world economic forum is challenging c.e.o.'s to go net 0 by the year 2050 we've seen a number of them sign up we've seen a number of them behind that pledge gratitude saying that is absolutely not enough we need your magic action we need it now we needed to be deeper and we certainly need that before 2020 and we know every year there is a buzz word or there was a catch phrase that everyone's talking about in davos this year one of those phrases is stake holder capitalism tell us about this. yeah in fact it goes as follows stakeholders for a cohesive and a sustainable world now this is a concept which says that companies have a responsibility to society it is not just about generating wealth it is not just about making money it is not just an obligation to shareholders and said they have an obligation to their stakeholders including the following employees customers suppliers local communities society at large that companies must be concerned with inequality that they must be concerned with climate change tha

s send up each i was interviewed by the founder of the world economic forum klaus schwab clay discussed perhaps the biggest ethical challenge facing the tech world is artificial intelligence. more profound than fire or a look a city or any of the other bigger things we're working on. tremendous positive side through it but you know it has real negative consequences. facial recognition is one of the alphabet bosses examples though it can be used to help find missing people for instance it's also a gift to anyone trying to carry out mass surveillance that message may seem surprising from the head of an organization often criticised for its mass gathering and your data. nevertheless says he's pushing for a global approach to ensure ai isn't misused. as democratic countries with the threat set of values we need to build on those values the mid-term and me approach here i we are doing it in a way that so society and uk means making 3 uyghurs and a bias that we build and pursue course. ph i praised a fledgling e.u. legislation as a good start but says the rest of the world mustn't be too far

economic forum itself there is a challenge currently right now underway the world economic forum is challenging c.e.o.'s to go net 0 by the year 2050 we've seen a number of them sign up we've seen a number of them behind that pledge gratitude saying that is absolutely not enough we need your magic action we need it now we needed to be deeper and we certainly need it before 2020 and we know every year there is a buzz word or there was a catch phrase that everyone's talking about in davos this year one of those phrases is stake holder capitalism tell us about this. yeah in fact it goes as follows stakeholders for a cohesive and a sustainable world now this is a concept which says that companies have a responsibility to society it is not just about generating wealth it is not just about making money it is not just an obligation to shareholders and said they have an obligation to their stakeholders including the following employees customers suppliers local communities society at large that companies must be concerned with inequality that they must be concerned with climate change that

but also bring you the latest from the world economic forum in davos. the world economic forum tries to rewrite the rulebook on how capitalism works but in the game records maximizing profit is that even possible full coverage up ahead from davos. and the s.o.s. from the berlin nightclub before it's forced to close its doors 1000 signed a petition to save the venue but with the city's nightlife under increasing pressure will that make any difference. i'm seeing you so much going to it's good to have you with us china is expanding its unprecedented efforts to contain a deadly new coronavirus imposing travel restrictions on more than 41000000 people now the epicenter of the outbreak is the city of one hand that is and who by province but it has now spread to at least 10 other cities all of them are now on lockdown and it comes as china. into lunar new year when millions of people travel to take part in celebrations many of those events have now been cancelled and with more than $800.00 infections reported in over $26.00 deaths authorities aren't taking an

for the 50th world's economic forum president donald trump opened the gathering of the world's business and political elite by healing the strength of the u.s. economy and boasting america is winning like never before climate activist agrippa to work has also been addressing delegates were in davos for you with the latest also coming.

we welcome you all here at the world economic forum. let's listen to some of the president's speech. mr. trump: america is winning again like never before. just last week alone, the united states concluded two extraordinary trade deals, the agreement with china and the united states-mexico-canada agreement, the two biggest trade deals ever made. they happened to get done in the same week. things,mbers are many and it is despite the fact that the fed has raised rates too fast and lowered them too slowly. tom: the president of the united states earlier on china as well, we welcome you all to the world economic forum. with stephenled author.an, the backdrop of the speech is very important because on the island of manhattan no one got out earlier in support of this president than mr. schwartzman. mr. schwartzman holding a number of fundraisers and greetings for the president. how has donald trump changed since those first fundraisers? stephen: being president of the united states is obviously a transforming situation. i think from listening

50th that world economic forum president donald trump opens the gathering of the world's business and political elite by boasting about the u.s. economy saying america is winning like never before but teenage activists gradually learn says leaders like trump are failing to avert a climate catastrophe but also trump on trial the u.s. president may be away in davos on capitol hill lawmakers are debating removing him from office a contentious and partisan spectacle is on the cards as times of peace for trial begins in earnest plus sounding the alarm chinese state media reports a 6 person has died from a new coronavirus international airports and train stations are screening their passengers from china concern grows as health officials now warn the virus can be passed from human to human. is great to have you along every one of the 50 s. the world economic forum is underway in davos and clashing visions of the world's economy and claim it's are taking center stage u.s. president open the a lead to gathering by the. hailing the strength of his country's economy alas sing out at climate act

that world's economic forum president donald trump opens the gathering of the world's business and political elite by boasting about the u.s. economy saying america is winning like never before but teenage activists gratitude .

for the world economic forum all eyes are on this teenager as she makes her case for climate action. mexican border guards migrants trying to cross into the country from guatemala. cross a river on the border close a nearby bridge. and gun rights supporters. in the u.s. state of virginia. his democratic friends. revolution thousands of armed activists gathered to tell lawmakers they want tougher gun control laws. hello and welcome to the program in china concerns are growing over the rapid spread of a deadly corona virus so far the virus has been blamed for 4 deaths with more than 200 patients infected. in china and cases also being reported in thailand japan and south korea with millions preparing to travel for the lunar new year holiday several countries are beginning to screen travelers from the affected region. in which infected patients are treated in isolation wards at the ready is not confirmed over 200 cases of coronavirus symptoms include fever and difficulty breathing although there have been deaths authorities say most patients are not seriously ill health authorities beli

business wants to tackle climate change battles with the theme of this year's world economic forum in davos suggests but today's main speakers made it clear there's still a long way to go for business interests going hand in hand with and barra mental concepts. also coming up an invitation to davos can total charge the agendas of activists from around the world will look in on a totally different kind of entrepreneur. i'm to a cape town cleans up its act by upgrading its waste water system. business in africa want to get jobs and got to have you with us. it was a results business and climate change took top billing the 2 leading figures on both sides of the environmental debate that's donald trump and greater to merck use the platform of the global economic forum in davos to push their respective messages on a trump was all about business and investment in the u.s. dismissing fears of environmental collapse and hitting out the quote perennial prophets of doom a clear reference to teenage campaign attune berg who merely repeated her message with a definite hint of sarcasm that nothing

and the latest from the world economic forum in davos.

well friday marked the final day of the annual world economic forum meeting in davos the event turned 50 this year and celebrated by putting a younger generation front and center their engines see over the climate crisis drove much of the event and created some dramatic contrasts with world leadership. young activists like gretta tune burge stormed into davos planning to force through their message that change can't wait this was more than any other a world economic forum led by the world's youth the other generation has a lot of experience but we have ideas we have energy but for those hoping to ensure an adult hood of environmental progress the forum got off to a bad start on day one president trump decried them as prophets of doom and instead chose to talk about a growing u.s. economy america's thriving america's flourishing in years america is winning again like never before the disappointment was clear i didn't hear anything about the world america is leader in the world and. i think that litters have to take care not only about themselves but also about other nations because we

economic forum if switzerland where he criticized the climate change activist but the most famous of those activists say to turn back says leaders like charles all failing. a climate catastrophe. and lebanon's new prime minister announces the formation of a new cabinet in his country but will the new government be able to satisfy demonstrators demanding radical change. and. i have an alfred glad you could join me we saw in the united states where history is being made donald trump is now the 3rd president in the u.s. to face removal from. office by trial who u.s. senate is setting is the setting for an impeachment trial where a child faces charges of abuse of power and obstruction of congress congressional democrats say that condition critical military funding for ukraine on ukraine's help in hurting a potential political opponent in the 2020 alexion and then tried to cover it up with republicans in trump's legal team say the trump's actions were appropriate neither illegal nor impeachable the senate has spent hours debating rules for the trial motion or amendment so then with the le

present donald trump has told the 50th gathering of the world economic forum that america's economy is booming trump arrived in the space alps as the impeachment trial against him was due to convene in washington he pointed to record low unemployment levels and stock market gains to declare his economic turnaround as quote nothing short of spectacular and he entered office in 2017 trump inherited an economy that had been growing for 11 straight or tennis. well in his speech trump took aim at the main seam of the conference which is mainly combat in climate change arguing that it was a crisis best left for markets to cells in america we understand what the pessimists refuse to see that a growing and vibrant barket economy focused on the future lives of the human spirit that excites creativity srong enough to overcome any challenge any challenge by 4 fish or my colleagues an album alone from businesses in davos swishy caught up with the c.e.o. of the day's own group a young who kim to find out if industry is on track when it comes to reducing harmful greenhouse gas emissions well despite

we are looking at the world economic forum. larry fink warned that climate financeill up global more than many think. blackrock is the largest fund manager. he pledged it will make sustainability a central focus of its investment saturday -- strategy. ♪ being in the capital market when0 years it is clear the capital market bring risk forward. we don't wait until the risk is in front of us. there are times that happens and that was a great crisis but in most cases we navigate the risk and through that we mitigate most risk. there is a greater belief in science and as a result, we should not avoid the conversation about climate change because climate change is becoming an investment risk. investorsnt than focus on yield curve it was clear to make that we need to bring forward better risk tools to navigate risk. this is a component of the toter asking more companies be more self reporting on things d.ke tcf so a better understanding how each company is navigating these issues. i am not here to tell you these are the best tools.

we are looking back at the 2020 world economic forum. blackrock chairman and ceo larry fink recently warned climate change will upend global finance sooner than many leaders expect. blackrock is the world's largest fund manager. he pledged it will make sustainability a focus of its -- a central focus of its investment strategy. in davos, mr. fink spoke to editor-in-chief john michaelwaithe at the bloomberg event "the year ahead." >> being in the capital markets now for 44 years, it is very clear we, in the capital markets, we bring risk forward. you know, we don't wait until the risk is in front of us. there are times it happens, and that was the great financial crisis, but in most cases, we navigate the risk, and through that process, we mitigate most risk. there is a greater belief in the science, and, as a result of that now, we should not avoid the conversation about climate change. because climate change is now becoming an investment risk. and no different as investors focus on a yield curve or whatever forms of risk we have. it was

and we begin in davos at the world economic forum where president trump is addressing world leaders and as you would expect he is talking up the u.s. economy. when i spoke at this forum 2 years ago i told you that we had launched the great american comeback. today i'm proud to blair that the united states is in the midst of an economic boom the likes of which the world has never seen before. we've regained our stride. rediscovered our spirit and reawaken the powerful machinery of american enterprise america's thriving america's flourishing and yes america is winning again like never before well in his address at the w e f president talked about the success of completing phase one of the us china trade deal about the end of nafta and the signing of the us into the. yea and he also talked about the completion of a new trade deal with japan but all in all the president urged other leaders to reduce their own use of regulation. we've also launched that most ambitious campaign in history to reduce job killing regulations for every new regulation adapted we are removing 8 old regulations whic

we are looking back at the 2020 world economic forum. blackrock chairman and ceo larry fink recently warned that climate change will upend global finance more than many leaders expect. blackrock is the world's largest fund manager. he pledged it will make sustainability a focus of its investment strategy. in davos, he spoke to editor-in-chief john michaelwaithe at the bloomberg event, the year ahead. ♪ >> being in the capital markets for 44 years, it is very clear we in the capital markets, we bring risk forward. we don't wait until the risk is in front of us. there are times it happens, and that was the great financial crisis, but in most cases, we navigate the risk, and through that process we mitigate most risk. there is a greater belief in the science and as a result of that now, we should not avoid the conversation about climate change, because climate change is now becoming an investment risk, and no different as investors focus on a yield curve or whatever forms of risk we have. it was very clear to me now we need to bring forwa

listen up with the latest from the world economic forum in davos. hello i'm terry martin good to have you with us in china concerns are growing over the rapid spread of a deadly corona virus so far the virus has been blamed for 4 deaths with more than 200 patients infected in china and cases also being reported in thailand japan and south korea with millions preparing to travel for the lunar new year holiday several countries are beginning to screen travelers from the affected region. in which an infected patients are treated in isolation wards at the ready is not confirmed over $200.00 cases of coronavirus symptoms include fever and difficulty breathing although there have been deaths authorities say most patients are not seriously ill health authorities believe the outbreak originated at this now closed market in new han which sold fish and wild animals researchers at imperial college london suspect the rate of infection may be much higher than the official figures they estimate there could be $1723.00 cases in will han beijing says it's taking th

first day at the world economic forum in davos. a number of voices talking about business but also sustainability. i am delighted to jeep -- to be joined by -- and the brand is so well-known because everybody knows what it is and what it stands for. talk to me about business. you have led the change and becoming more higher-end, more luxury, what are you doing well and what can you do better? >> thank you for having me here. it is the fourth year that we have participated in this forum and it is so important to be here and to hear from the changemakers and the heads of state, what is going on in the world which certainly has influenced our strategy. we have to create a product that is relevant to the consumers and what we have focused on is sustainability and creating a project -- a product that is sustainable, making sure that we have processes in place that support people and the planet so in terms of our manufacturing, we have a limited -- we have eliminated harmful substances like led and we are very excited to have been recert

and we begin in davos at the world economic forum where president trump is addressing world leaders and as you would expect he is talking up the u.s. economy. when i spoke at this forum 2 years ago i told you that we had launched the great american comeback. today i'm proud to wear that the united states is in the midst of an economic boom the likes of which the world has never seen before. we've regained our stride. rediscovered our spirit in reawakened the powerful machinery of american enterprise america is thriving america is flourishing and yes america is winning again like never before well in his address at the w e f president trump talked about the success of completing phase one of the u.s. china trade deal about the end of nafta and the signing of the u.s. in ca and he also talked about the completion of a new trade deal with japan but all in all the president urged other leaders to reduce their own use of regulation. we've also launched that most ambitious campaign in history to reduce job killing regulations for every new regulation adapted we are removing 8 old regulations

and account by the crown prince on the sidelines of the world economic forum the saudi energy minister responded to the allegation is it. was a democracy people are concerned. on stupid you know that at the same time the wall street journal reported that saudi officials close to the crown prince said they were aware of a plan to hack baze also as foreign as part of a broader intimidation campaign against how shoji but not aware of any attempt to blackmail him well i think is exactly the right way the idea that the conference would jeff bezos is photos absolutely silly. as baze also supported g.'s fiance following his murder in 2018 relations with been some man soweth. bays also security team alleged last march that the kingdom gained private information from his phone involving text messages between him and a former t.v. news presenter this latest analysis implicates the crown prince for the 1st time i think that it's hard to believe that if they had this successful capability and were brazenly willing to use it against one of the most powerful people in the world that they would stop

this is the 50th annual meeting of the world economic forum and as we we re the world economic forum and as we were saying, climate change at the top of the agenda. for those of you wondering where sally bunn duck is, she is in davos this week and joins us live from there. talk us through the issue of climate change and how it is dominating conversation so far. first of all, cani conversation so far. first of all, can i say just conversation so far. first of all, can i sayjust how cold it is here? you too are looking so cosy in that studio. climate change is absolutely dominating this yearfor studio. climate change is absolutely dominating this year for the first time in the world economic forum's annual report which is issued before this event starts. it is in five key topics. the climate crisis and what can be done about that. you have mentioned greta tim berg —— greta thunberg is hip, but also climate activists. they have been given very prominent positions at various speeches and events throughout the world economic forum. when president trump arrives, and he is due to arrive

jonathan ferro is out in the world economic forum. we will generate some of the great sounds generated from the fantastic interviews at the world economic forum in davos today. this is bloomberg. ♪ >> welcome back to the world economic forum in davos the combined bloomberg television and radio audiences. joining me is hong kong chief executive carrie lam. hong kong has been rocked by protests since june, sinking the economy into recession. your government has focused on and economic issues. the protesters have set what they are concerned about is democracy, china's tightening grip on the contrary. how do you hope to address those concerns without a political solution? ms. lam: there is no truth to the accusation the central government is tightening its grip on hong kong. the central government has made it clear they want hong kong to succeed under the one country, two systems that was made clear to me by president xi jinping. this was triggered by the government attempt to introduce amendments to the ordinance, but i have almost imm

climate change dominates talks at the world economic forum in davos. good morning, asia and hello, world. it is tuesday and glad you could join us for another exciting addition of asia business report and i'm rico hizon and we start with huawei, because court proceedings have got under way in a vancouver court and the company's chief financial officer meng wa nzhou is fighting extradition to the us on charges of violating sanctions against iran. last year in may the chinese technology giant was put on aus chinese technology giant was put on a us government blacklist, effectively banning american companies from doing business with huawei. earlier i asked zoe thomas, oui’ huawei. earlier i asked zoe thomas, our business reporter, when we could expect to find out the outcome. we've got several more days of arguments expected at the court behind me and then the judge will go away and consider what she has heard and makea away and consider what she has heard and make a recommendation, but even after that we expect appeals and other cases, so it will be se

president i mean at the annual meeting of the world economic forum in davos another continent how is that playing out in public perception do you think. well it's a very different situation of course to the president to president clinton president trump has been focusing heavily on the economy talking about how well it stealing talking about how well his presidency is going essentially focusing on the sort of. image of the united states and saying how well he's done under it which is a message that he wants to get across to the u.s. public and it's interesting in fact if you look at the latest polls that are coming out in fact one that was released just today from pew research it says that around half of americans say the president should actually be removed by the senate trouble 46 percent are saying that president trump should stay so you know at the moment let's wait and see how this pans out and then we'll get perhaps a better indication of what the real feelings are here in vienna ited states with regards to this senator now our correspondent in washington good to talk to the pu

economic forum. —— being launched here at the world economic forum. greta thunberg is talking so we will listen. we are not telling you to keep talking about reaching net zero emissions or carbon neutrality by cheating and fiddling around with numbers. we are not telling you to offset your omissions byjust telling you to offset your omissions by just paying telling you to offset your omissions byjust paying someone else to plant trees in places like africa while, at the same time, forests like the amazon are being slaughtered at an infinitely higher rate. planting trees is good, of course, but it is nowhere near enough for what is needed and it cannot replace real litigations and real—world nature. let us be clear, we do not need a low carbon economy. we do not need to lower emissions. our emissions have to stop if you have two —— if you want to get below the target. until we have the technology that can put our emissions to minus at that scale, we must forget about net zero. we need real zero. distant net zero. we need real zero. distant net ze

well friday marked the final day of the annual world economic forum meeting in davos the event turned 50 this year and celebrated by putting a younger generation front and center their edge and see over the climate crisis drove much of the event and created some dramatic contrasts with world leadership. young activists like gretta tune burge stormed into davos planning to force through their message that change can't wait this was more than any other a world economic forum led by the world's youth the other generation has a lot of experience but we have ideas we have energy but for those hoping to ensure an adult hood of environmental progress the forum got off to a bad start on day one president trump decried them as prophets of doom and instead chose to talk about a growing u.s. economy america's thriving america's flourishing in years america is winning again like never before the disappointment was clear i didn't hear anything about the world america is leader in the world and. i think that litters have to take care not all about themselves but also about other nations because we

is covering the world economic forum for a skit he needs a huge i mean we had the u.s. presidents a day talking about profits of doom and fortune tellers of course hinting at climate change there what was the reaction. well the reaction was of course a lot of criticism against the u.s. president not only because he didn't really mention climate change whatsoever in his speech sensually suggesting that it's completely irrelevant but most of all because his idea is quite simple his message was essentially hey we've had problems in the past before that we thought we couldn't solve and we somehow figured it out so why are we also stressed about this and that is something that of course is a slap in the face for all those organizations and scientists that are working very hard to find solutions to tackle the climate crisis but especially it is being criticized because of one of the measures that we that we saw suggested by donald trump which is planting. a trillion trees. this has been compared to other very simple solutions like the border wall to mexico where many of the e

economic forum's a new review for several years ago. but emissions keep going up so the extent to

but it is the world economic forum. let's talk about economies >> is he going to talk capitalism socialism? is klaus going to speak with him after. the questions, given sustainability and climate, is he going to ask him about that these are interesting questions and any drama you may or may not see. >> first of all, remember president obama never came here. the fact that he's come here twice makes people happy they like stars and important people the other star today is greta thunberg you have a 17-year-old competing for the stage with a 73-year-old trump. don't forget, they had a twitter fight where he said she should handle her anger management problems i don't think he'll talk about her. he will talk about growth and the trade deals and how the united states is better off this year >> i didn't introduce you. fred here. a little color commentary. where are you on what steve schwarzman said about the relationship between u.s. and china and what the phase one deal means he suggested a decrease. who was it that said chin

is in leaders of the top economies meet at the world economic forum in davos. the republican leader of the u.s. senate proposes that quick impeachment trial of the president trump democrats call it a cover up. cost how foreign powers are planning to help shore up a shaky truce in libya and turn it into a cease fire. while china has confirmed another death from the coronavirus and says it is being transmitted now between humans they're worried about so-called super spread as off to one man in ruhani infected 14 medical staff the death toll in china is now at 4 with more than 200 people infected but scientists believe that number is actually likely to be much higher the world health organization will meet on wednesday to consider declaring the outbreak outbreak an international public health emergency cases have now been confirmed in thailand south korea and japan and they're all fears that it may have spread outside of asia after a man was quarantined in a strain after returning from china. we've got one gentleman that we're just following at the moment who has

he is about to address the world economic forum. climate change is the theme, which you may think is interesting considering that hundreds of world leaders have flown in to the world economic forum, focusing on climate change in davos. president trump is now being introduced. let's listen. many consider it as an informal national anthem of switzerland. this brief performance will be followed by the special address. applause we are going to stick with this because this is a brief performance, we are told, so we don't want to miss what president trump is going to say. do you expect, professor, that donald trump will reference his impeachment trial beginning on the same day he is addressing these world leaders? we can guarantee it. the remarks he just world leaders? we can guarantee it. the remarks hejust made in response to some of the press. it signals what he wants to talk about. he will suggest a whole impeachment is a hoax, there is nothing wrong. it was a perfect phone call that he made to the ukrainian president. his team say it

economic forum. one message coming out of davos is that companies want to take more responsibility for the environment and one is ahead of the pack one of the world's biggest money managers blackrock is working with germany and france on creating environmental funds $500000000.00 for sustainable investment and the trillions of dollars that blackrock manages will be invested in clean projects. we're going to turn down any companies that don't take the long term environmental and climate risks into consideration in their corporate management we take coal mining for example we will withdraw from companies that continue to rely on coal will refuse to take part in those projects and 14 blackrock is still one of the biggest investors and coal projects such a huge company changing its policies can have a tangible effect but is this just green washing or a serious commitment it's not something that superficial it's not something that they're doing to greenwash it's something that fundamentally change is ther

economic forum. one message coming out of davos is that companies want to take more responsibility for the environment and one is ahead of the pack one of the world's biggest money managers blackrock is working with germany and france on creating environmental funds $500000000.00 for sustainable investments and the trillions of dollars that black rock managers will be invested in clean projects. we're going to turn down any companies that don't take long term environmental and climate risks into consideration in their corporate management we take coal mining for example we will withdraw from companies that continue to rely on coal will refuse to take part in those projects 14 blackrock is still one of the biggest investors and coal projects such a huge company changing its policies can have a tangible effect but is this just green washing or a serious commitment it's not something that superficial it's not something that they're doing to greenwash it's something that fundamentally change is their eco

crisis management at high altitude the world economic forum kicks off in the swiss alpine village of davos and where else but climate change is topping the agenda also on the program the most expensive real estate market in the world seems the man going soft on our exclusive report from hong kong kong tells you the latest and with prince harry and his wife megan looking for a life outside of the limelight serious questions arise for souvenir vendors to windsor. over welcome to the program are you still sticking to your new year's resolutions well as of year would have it the world's needs are gathering to discuss what they can do to fulfill ambitious goals to make the world a better place and do a little business on the side of course the stage is set for the world economic forum in davos at the 50th anniversary of the meetings in spain ability and climate change are taking center stage. australia is burning the middle east is in crisis the global economy is flagging everywhere you look there are dire problems serious catastrophes meanwhile in davos everything seems calm but the snow