This week the World Economic Forum are highlighting 4 top stories – rethinking global institutions, 4-day week vs flexible work, turning food waste into cement and income loss for UK mothers.
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
This year’s energy shock is the most serious since the Middle Eastern oil crises of 1973 and 1979. We explain how to fix this global emergency without wrecking the climate https://t.co/DeoOlfLvT1pic.twitter.com/BumLDUreWI
How to fix the world’s energy emergency without wrecking the environment
Even as they firefight, governments must resolve the conflict between safe supply and a safe climate.
This year’s energy shock is the most serious since the Middle Eastern oil crises of 1973 and 1979. Like those calamities, it promises to inflict short-term pain and in the longer term to transform the energy industry. The pain is all but guaranteed: owing to high fuel and power prices, most countries are facing soggy growth, inflation, squeezed living standards and a savage political backlash. But the long-run consequences are far from preordained. If governments respond ineptly, they could trigger a relapse towards fossil fuels that makes it even harder to stabilise the climate. Instead they must follow a perilous path that combines security of energy supply with climate security.
This week The World Economic Forum are highlighting 4 top stories:
What is hyperinflation,
the impact of climate change on the Alps,
a record breaking super computer and
the world’s first autonomous ship.
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.
As pump prices for gasoline spin higher, a motorist could easily conclude that gas stations are making a killing—but our exclusive analysis finds that isn't the case. In this issue: pic.twitter.com/DwyqrQoC8C
Khatuna Jakeli loves snowdrops. Not only because they’re pretty, but because they provide her with an income. Every year in April and May, she treks through the Caucasus mountains of Adjara and collects the wildflower bulbs. The bulbs are then sold to the Netherlands, from where they are shipped to flower stores throughout Europe.
The Caucasus delivers 22 million snowdrops to the Netherlands every year, including 15 million wild snowdrops. A lucrative business, from which little remains for Khatuna Jakeli. Yet it is her most important source of income. A report by Juri Rescheto.
The promise and perils of a breakthrough in machine intelligence
Jun 9th 2022ShareGive
Picture a computer that could finish your sentences, using a better turn of phrase; or use a snatch of melody to compose music that sounds as if you wrote it (though you never would have); or solve a problem by creating hundreds of lines of computer code—leaving you to focus on something even harder. In a sense, that computer is merely the descendant of the power looms and steam engines that hastened the Industrial Revolution. But it also belongs to a new class of machine, because it grasps the symbols in language, music and programming and uses them in ways that seem creative. A bit like a human.
The “foundation models” that can do these things represent a breakthrough in artificial intelligence, or ai. They, too, promise a revolution, but this one will affect the high-status brainwork that the Industrial Revolution never touched. There are no guarantees about what lies ahead—after all, ai has stumbled in the past. But it is time to look at the promise and perils of the next big thing in machine intelligence.
The S&P 500 indexrefuses to fall into a bear market—but that doesn’t mean it’s found a bottom just yet.
Not that it wasn’t a painful week. The S&P 500 dropped 3% and has now fallen 18.7% from its Jan. 3 all-time high. A slide of 20%, which it touched Friday before bouncing back, signifies a bear market. The Dow Jones Industrial Average declined 2.9%, its eighth consecutive week of losses, matching its longest losing streak since 1932. The Nasdaq Composite, already in a bear market, slid another 3.8%, and is down 28.2% from…
This week The World Economic Forum are highlighting 4 top stories – green steel that could help save the planet, a device that allows you to feel the Metaverse with your bare hands, a wind turbine that fits in your backpack and jet packs for paramedics on mountains.
Timeline: 00:15 Green Steel 02:09 Feeling the Metaverse 03:10 Backpack Wind Turbines 04:46 Jet Packs for Paramedics
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