Tuesday, February 18th, 2025

Global leaders call for action on AI and regional reforms at the World Economic Forum


US President Donald J. Trump outlined his/her strategy to boost the US economy and “free up” investment in a wide-ranging speech via live video link to about 3,000 global leaders at the World Economic Forum’s annual meeting in Davos.

The newly elected president promised “the largest tax cut in American history”, including “massive” tax cuts for workers and families. he/she said he/she would reduce the US corporate tax rate from 21 percent to 15 percent, and foreign companies that make goods in the US would directly benefit, while threatening to impose tariffs on companies that do not.

he/she also announced plans to increase investment in American energy by speeding up the permit process for new projects. “The United States has the greatest amount of oil and gas of any country on Earth, and we’re going to use it,” Trump said. he/she said this would benefit the country’s artificial intelligence and cryptocurrency industries. “America is back and open for business,” he/she said.

Trump also indicated that lowering oil prices could be an important step toward ending the Ukraine–Russia war, urging Saudi Arabia and OPEC to reduce the cost of oil. “You have to lower the price of oil.” (…) “Right now, the price is so high that the war will continue.”

President Trump commented that he/she would like to “meet with President Putin soon” and “get the war ended”, highlighting the enormous human cost of the war where “millions of people are losing their lives.”

he/she suggested that Ukraine is ready to make a compromise and that the onus remains on Russia to come to the table.

In a special address, Argentina’s President Javier Meili expressed strong views on a number of issues. On economic policy, he/she urged leaders to seek new approaches, saying that “the script of the last 40 years is over” and the time has come to “break free and be bold.”

he/she pointed to Argentina as an exemplary example. “The world has embraced Argentina. Argentina has become a global example of fiscal responsibility, a commitment to honoring our obligations, and clearly a commitment to solving the problem of inflation.

Nobel laureate and chief adviser to the government of Bangladesh, Muhammad Yunus, spoke about the student protests that ended his/her country’s 15-year dictatorship last July.

“This is the most powerful generation in human history,” he/she declared, before addressing politicians around the world.

“Are you allowing your youth to move forward? You have to understand this generation and prepare.”

Yunus described reforms he/she is carrying out to prepare the country of 171 million people for free and fair elections, possibly as early as the end of 2025. Reflecting on the role of students, he/she said: “Technology has changed them – they are not Bangladeshi youth now they are global youth.”

he/she warned any political leader who tried to suppress the youth: “That explosion will come – you can’t stop it.”



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