The United States (US) Treasury on Wednesday accused Switzerland and Vietnam of manipulating their currencies, partly to gain a trade advantage over American exports.In the semi-annual foreign exchange report, the US Treasury found the two countries were intervening in currency markets to affect balance of payments, and in the case of Vietnam, also aiming at "gaining unfair competitive advantage in international trade."US Treasury Secretary Steven Mnuchin called the decision "a

The World Economic Forum (WEF) said Monday the coronavirus pandemic had forced it to move next year's summit from Switzerland to Singapore, where it will be held in person from 13-16 May.The annual gathering of the world's political, economic and business elite traditionally takes place in January against the idyllic snowy backdrop of the Alpine village of Davos.It had already been postponed until May due to the virus, with organisers saying the focus would be on remodelling the wor

German police Saturday halted a Berlin march by thousands opposed to coronavirus restrictions in the biggest of several European protests against anti-virus curbs and masks to halt the pandemic.With new COVID-19 cases on the rise, European nations are starting to tighten controls while trying to avoid the major lockdowns imposed earlier this year to contain the outbreak that has killed more than 800,000 worldwide.Across the globe, governments are struggling to revive economies already battere

As global business and political leaders gather in Davos for the World Economic Forum’s annual meeting, they should ask themselves one big question: Will the world achieve the ambitious Sustainable Development Goals for 2030?