The WEF, which describes itself as an global organisation for public-private cooperation and hosts over 3,000 world leaders from politics, business and civil society every year in Swiss ski resort town Davos for an annual talkfest, said structural and interconnected nature of risks in 2018 threaten the very system on which societies, economies and worldwide relations are based.
Notable examples of 2017 include the WannaCry attack, which affected 300,000 computers across 150 countries. Also ranking in the top five of risks the world is faced with this year are extreme weather events, natural disasters and a failure to mitigate or adapt to climate change.
A deteriorating geopolitical landscape is partly to blame for the pessimistic outlook in 2018, with 93 per cent of respondents saying they expect political or economic confrontations between major powers to worsen and almost 80 per cent expecting an increase in risks associated with war involving major powers.
But one of the main takeaways from the 2018 Risks report is that a combination of environmental havoc and digital delinquency-from data breaches by online thieves to targeted attacks on nations' security apparatuses-will be both the likeliest risks to businesses and the ones that have the biggest impact on them.
U.S. stocks open higher on strong corporate earnings
The tumble follows a sharp jump in Viacom Friday after a published report suggested that a merger might be a possibility. Volume on USA exchanges was 8.30 billion shares, compared to the 6.48 billion average over the last 20 trading days.
According to the Global Risks Report 2018, the rosy economic backdrop represents a "golden opportunity" for the world's leaders to deal with the growing crop of risks that are facing the global economy and society.
At the same time, companies' cyber exposure is growing. The cost of cyber-crime to firms over the next five years could reach $8 trillion, the WEF said.
The risk of cyber attacks also climbed in the rankings, something likely to cross over with geopolitical risks in the form of state-sponsored attacks, experts said.
For example, while many businesses were able to open immediately after the hurricanes and wildfires past year, their customers often were displaced, which led to a loss of business income that was not covered by traditional business interruption insurance because there was no damage to the policyholders' properties, he said. He will highlight his government's initiatives on increasing transparency, bankruptcy laws, ease of doing business, the Goods and Services Tax, and allowing 100% foreign direct investment in single-brand retail.
Royal household hid crown jewels from Nazis in biscuit tin
The Monarch also spoke about her lovely coronation dress, which was embroidered in silk with pearls, and gold and silver thread. She said, "So there are some disadvantages to crowns , but otherwise they're quite important things".
This year's theme, Creating a Shared Future in a Fractured World, will focus on reaffirming worldwide cooperation on mutual interests like worldwide security, global economy and the environment.
The risk of extreme weather ending human existence is topped only by the risk posed weapons of mass destruction.
"This is perhaps the first generation to take the world to the brink of a systems breakdown", WEF founder and chairman Professor Klaus Schwab said in the report's preface.
The report also warned that nation-state unilateralism may make it more hard to sustain the long-term, multilateral responses that are required to counter the degradation of the global environment.
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General Assembly, Trump threatens to "totally destroy North Korea " and says "Rocket Man is on a suicide mission for himself". The headline of the story that ran on January 11 was " Donald Trump Signals Openness To North Korea Diplomacy In Interview".