MD Staff

MD Staff

With its vast workforce, strong growth and expanding purchasing power, South Asia will be the key to reviving global demand, Nirmala Sitharaman, Minister of State for Commerce and Industry of India, said at a session on Harnessing Regional Cooperation in South Asia at the World Economic Forum Annual Meeting. “The world cannot afford to ignore the region that will be key to reviving demand,” the minister said.

As humanity enters the Fourth Industrial Revolution, development of artificial intelligence (AI) must be guided by one overarching principle – technology must augment, not replace, human capability and opportunity.

The energy gap in Africa looms large if the continent is to permanently escape the poverty trap. More than 600 million people in Africa lack access to clean, affordable, reliable energy. It is time for empower people by delivering power to the people.

Chinese President Xi Jinping delivered a robust defence of globalization to business, government and civil society leaders in the opening plenary session of the 47th World Economic Forum Annual Meeting. China, Xi said, is committed to fulfilling its international responsibilities and contributing to addressing pressing global challenges, including climate change, the need for new drivers of economic growth and creating jobs in the face of the emerging technologies of the Fourth Industrial Revolution.

Gigantic corporations lead in business today: fewer than 10% of public companies worldwide account for 80% of all corporate profits. But the giants of world business are challenged to manage their enormous scale, create new products and contribute to society, agreed leaders of global manufacturers, technology companies and banks in a session on the opening day of the World Economic Forum Annual Meeting.

O
ver 40 industry leaders from the global plastics value chain have rallied behind a new plan to tackle plastics waste, which could increase recycling from just 14% today, to over 70% of total plastic packaging. The plan is presented in The New Plastics Economy: Catalysing Action, a report by the World Economic Forum and the Ellen MacArthur Foundation. The organizations calculated last year that there could be more plastics than fish (by weight) in the ocean by 2050 if no action is taken immediately.

The first-ever United Nations Global Sustainable Transport Conference concluded today in the Turkmen capital, with more than 50 countries endorsing the 'Ashgabat Statement on Commitments and Policy Recommendations,' with a view to supporting cleaner, greener transportation – from local transit systems to worldwide multimodal networks.

Space applications related to telecommunications and global navigation can play a vital role in supporting disaster risk reduction, response and recovery efforts, a senior United Nations official said today at the UN forum on space as a socio-economic driver for sustainable development under way in Dubai.

AltspaceVR announced VR Capture, the first integrated solution for the capture, distribution, and playback of live virtual reality (VR) performances and events.

Virtual Reality company and development studio MyDream Interactive Inc. released LightVR for Oculus Rift with support for the forthcoming Oculus Touch. Available on the Oculus and Steam stores, LightVR provides the best visual clarity among virtual office programs, and offers high performance with low overall impact on the computer.

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