Davos: “They are loath to pay a living wage, but they will fund a philharmonic orchestra. They will ban unions, but they will organize a workshop on transparency in government.”
Read here
Branko Milanovic: Dutiful dirges of Davos
Economics
Grace Blakeley: The Coronavirus Crisis Is Accelerating Tech Monopolisation
Big tech monopolies Microsoft, Apple, Alphabet, Amazon and Facebook now make up more than a fifth of the entire value of the S&P 500 stock market index. Read here
Finance
Instituional Investor: Norway Blocks Wealth Fund From Investing in Private Equity
The country’s finance ministry cited fees and lack of transparency as reasons not to invest in unlisted equities. Read here
Economics
Richard Connolly: Russia’s Wartime Economy isn’t as Weak as it Looks
Russia’s economic resilience is defying expectations, enabling the Kremlin to sustain its war efforts in Ukraine despite mounting challenges, and raising doubts about hopes for a swift resolution. Read HERE
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