WEF raises concerns over economic impact of new tech in 2018
21 January, 2018, 01:21 | Author: Dustin Murphy
According to the Global Risks Report 2018, the rosy economic backdrop represents a "golden opportunity" for the world's leaders to deal with the growing crop of risks that are facing the global economy and society.
This means a catastrophe of that nature is more of a potent threat than large-scale weapons, according to the report compiled by 1,000 global experts.
A WEF spokesman said: "When we asked almost 1,000 respondents for their views about the trajectory of risks in 2018, 59 percent of their answers pointed to an intensification of risks, compared with 7 percent pointing to declining risks".
The report assesses the severity of each global risk according to its likelihood and potential impacts.
The report suggests a "deteriorating geopolitical landscape" is partly to blame for the pessimistic outlook in 2018, with 93% of respondents saying they expect political or economic confrontations between major powers to worsen and almost 80% expecting an increase in risks associated with war involving major powers.
Themed "Creating a shared future in a fractured world", the 2018 WEF meet will focus on worldwide cooperation on critical shared interests, such as worldwide security, environment, the global economy and divisions within societies.
Before 2010, environmental risks didn't register in the top five concerns at all.
Along with extreme weather and natural disasters, other environmental threats near the top of the ranking include a failure to manage climate change and biodiversity loss.
These risks also form part of the top 10 list of risks that could have the most impact, along with biodiversity loss and ecosystem collapse, making it the worst year yet for environmental risks.
Extreme weather and natural disasters have been ranked as the greatest threats to the planet in a new report, by the World Economic Forum.
"A widening economic recovery presents us with an opportunity that we can not afford to squander, to tackle the fractures that we have allowed to weaken the world's institutions, societies and environment", said World Economic Forum founder and executive chairman Professor Klaus Schwab in a press release.
"Cyber-attacks are increasing and have become a global concern as many systems and devices that run critical infrastructure and decision making are now connected through the worldwide web".
"Together we have the resources and the new scientific and technological knowledge to prevent this".
"Humanity has become remarkably adept at understanding how to mitigate conventional risks that can be relatively easily isolated and managed with standard risk-management approaches", WEF founder and executive chairman Klaus Schwab and president Børge Brende wrote in the report's preface.
"The risks we are trying to grapple with here require multilateral solutions but we are moving in the other direction", said John Drzik, president of global risk and digital at the consultancy Marsh, which helped compile the report. At the same time, cyber exposure is growing as firms are becoming more dependent on technology.
"The financial impact of cybersecurity breaches is rising, and some of the largest costs in 2017 related to ransomware attacks". Unfortunately, we now observe a "too-little-too-late" response by governments and organizations to key trends such as climate change...
Much like Trump who, said White House press secretary Sarah Sanders in a statement on Tuesday, "looks forward to promoting his policies to strengthen American businesses, American industries, and American workers", Modi will invite worldwide businesses to invest in India and offer it as a greenfield FDI destination.
The annual report, released ahead of the annual WEF meeting in Davos, Switzerland next week, shows cyber security risks are also growing, both in prevalence and disruptive potential.
But already the two Koreas have said they will march together at the opening ceremony under the Korean unification flag. As long as the present family dictatorship runs North Korea there will be no peace treaty .
Last week two beta updates were rolled out, and this fast pace may indicate that iOS 11.2.5 is nearly ready for prime time. He didn't exactly say why, but it's likely he doesn't want iPhone users to experience unexpected restarts.
Nintendo has announced its Switch sales figures through December 2017, and surprise-the console did very well. Pokemon Ultra Sun and Pokemon Ultra Moon for 3DS also finished at numbers 13 and 14, respectively.
Air and rail travellers did not feel a big impact in 2013, because security officers and air traffic controllers remained at work. The Commodity Futures Trading Commission meanwhile would have to furlough 95 per cent of its employees immediately.
Russian President Vladimir Putin marches towards the icy-cold waters of Lake Seliger in Svetlitsa village, Russia, 19-01-2018. In the video, he can be seen blessing himself as he lowers himself into the water wearing only his swimming trunks.
The shares were purchased at an average cost of GBX 1,518 ($20.59) per share, with a total value of £7,180.14 ($9,737.10). Indiana-based First In has invested 0.02% in Tesco PLC (LON:TSCO). 16,113 are held by Oregon Employees Retirement Fund.
Amid their investigation, detectives also learned that Paddock had been in possession of child pornography. Paddock opened fire on the music festival crowd from the 32nd floor of the Mandalay Bay Resort and Casino.
Twitter said it believed that automated election-linked activity on some accounts was coming allegedly from Russian Federation . Twitter also found 13,512 Russian-related accounts that tweeted out 50,258 posts during the election period.
Baby number three has arrived for Kim Kardashian and Kanye West , but when will we get to see the surely-adorable little girl. Kim Kardashian and Kanye West have looked to his hometown as inspiration for choosing a unique name for their third baby.
There's an annoying new message going around which is crashing iPhones, iPads, and Macs with nothing more than a simple link . The bug is activated by simply sending a message containing a link which pointed to code on the programming site GitHub .
Confirmed: Everton vs West Brom line-ups
West Brom captain Jonny Evans scored in the fourth minute against Brighton and the club were able to hold onto the win. Last weekend, Sam Allardyce's side were thrashed 4-0 at Wembley by Spurs, a result which leaves them 9th in the table.
Repeated Hits to the Head - Not Concussions - May Cause CTE
Let's start with the obvious: Four teenaged brains and some mice can't support sweeping conclusions about the causes of CTE. They found early evidence inside the brain consistent with signs of CTE, including abnormal accumulation of tau protein.
Australian Open Highlights- Day 3
It may have been a straight sets victory, but even for Nick Kyrgios , this was a unusual tennis match. It's not fair". "You know, a little bit like headless chicken".
Walmart Offers Free Opioid Disposal Product
CVS and Walgreens now offer medication-disposal kiosks at hundreds of locations, a service that Wal-Mart doesn't provide. The company said that as of last fall, it had donated around 1.5 million drug disposal packets across the country.