Stella Papadopoulou

The current system by which we produce, use and dispose of plastics has important drawbacks: plastic packaging material with a value of $80 billion-$120 billion is lost each year. Aside from the financial cost, by 2050, on the current track, oceans are expected to contain more plastics than fish (by weight), according to a new report released today by the World Economic Forum and the Ellen MacArthur Foundation, with McKinsey & Company as a knowledge partner, as part of Project MainStream.

An increased likelihood for all risks, from the environmental to society, the economy, geopolitics and technology, looks set to shape the global agenda in the coming year, the World Economic Forum’s Global Risks Report 2016 has found.

The Global Energy Prize 2015 award ceremony has been held as part of St. Petersburg Economic Forum. This year’s prize was awarded to Shuji Nakamura -professor of the University of California and B. Jayant Baliga - Professor of North Carolina University. The revolutionary inventions of two scientists changed the modern energy sphere and brought enormous commercial effect.

St. Petersburg hosted the XXIV International Banking Congress. Representatives of national banks from around the world and the financial elite met at IBC-2015, which was held under the theme “Financial Industry: Challenges and Solutions”.

Three strategic recommendations and case studies are proposed to guide the Government of India in addressing the most pressing urban development challenges, in a new Report “The Future of Urban Development and Services Initiative: Urban Development Recommendations for the Government of India”. The report highlights the importance of wider private-sector participation to bridge the urban infrastructure and services funding gap, widening due to India’s rapid urban population growth.

In recent years, real estate markets have become more international and the global flows of foreign investment make local markets more susceptible to real asset volatility.

The world is witnessing a rise in geo-economics, where the main global battlefield is economic rather than military. And with sanctions, competing trade regimes, currency and price manipulation increasingly taking the place of conventional warfare, the implication of these forces could be an unravelling of the global economy, a new report by the World Economic Forum’s Global Agenda Council on Geo-economics finds.

This year in-store smartphone purchases worldwide will increase by more than 1,000 percent from last year. While the mobile wallet won’t replace the traditional wallet yet, 2015 will be a tipping point toward wider consumer adoption of in-store smartphone payments.

Conceptualized some 50 years ago, the idea of circular growth is finally becoming embedded in a number of companies and even in cities like Atlanta in the United States, participants at the eighth Annual Meeting of the New Champions in Tianjin, China, were told.

Despite stresses in the global economy, China will avoid any sharp drop in growth, Premier Li Keqiang of China told more than 2,000 business, government and civil society leaders from over 90 countries participating in the opening session of the eighth World Economic Forum Annual Meeting of the New Champions.

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