The global conference room of the Financial Times plans Covid recovery

The global conference room of the Financial Times plans Covid recovery

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Since entering the Covid-19 crisis for more than a year, the Global Board of Directors of the Financial Times has convened leaders from all over the world to discuss how governments, businesses, society, and finance can build a sustainable recovery.

The flagship digital gathering of the British Financial Times last week was held for three days, discussing everything from the progress of the Covid-19 vaccination program and the new US government to the pandemic that has changed our lives, work, and communication.

From San Francisco to Singapore, thousands of participants participated in free-view debates on how the economy was rebuilt, the steps that must be taken to ensure growth and competitiveness, and what the world looks like after the pandemic.

Videos of all courses can be watched on demand Here. The following are some conclusions of the third edition of the Global Board of Directors.You can already register The fourth edition is scheduled for December 7-9.

Investing in vaccine production and research is the best way to prepare for the next pandemic

Melinda French Gates urges rich countries Stop the “ho accumulate” vaccine He expressed disappointment at the efforts made to prevent the spread of the pandemic in developing countries. A team of vaccine experts, including Ugur Sahin, the co-founder of BioNTech, Need more thorn production facilities In poorer countries, to ensure that the world is better prepared for the next pandemic.

Sahin said: “We all know that the virus will be with us, and it is likely that some form of re-vaccination will be required.”

Kate Bingham, the first head of the UK Vaccine Working Group, said there are no more global production bases There will always be “tension” Between the domestic population and the population of other places.

She said: “This epidemic has brought many supply chain deficiencies into the focus of attention.” “We need to avoid nationalism, because it will not help anyone.”

“India’s second wave of huge waves has always been a tsunami… causing a humanitarian crisis.” said Mallika Srinivasan, Chairman and Managing Director of Tractors and Agricultural Equipment. Although rural India is largely unaffected by the first round of coronavirus, she said: “This time there is no such difference-in cities where we have hotspots and safe zones, all of this has disappeared.”

Tokyo Governor Yoriko Koike said that the coronavirus in Tokyo has been brought under control, but Japan needs to speed up vaccination nationwide. She said that she is determined to host the Olympic Games safely as a “symbol of human unity.”

In an interview with the head of the Nordic and Baltic region of the British “Financial Times”, Norwegian Prime Minister Erna Solberg said that the pandemic has Caused a rethink She frankly said how to deal with future crises, including in her own country, in most countries, she can spend more money to support the economy, including her own country.

The outlook for the global economy is bright, but the road to recovery will be difficult

OECD chief economist Laurence Boone said at the Global Economic Outlook Conference that “the outlook is bright” but warned of the impact of uneven vaccination deployment during the “difficult transition” to recovery.

She said: “The important thing is to use every penny of public debt for public purposes, and this is not always done after the financial crisis.”

Olivier Blanchard, a senior researcher at the Peterson Institute for International Economics, argued that Europe, including his native France, “has not done enough” and suffered what he called “Biden’s jealousy.” The suffering refers to the large expenditure plan of the new US President.

World Bank President David Malpass said that in the world’s poorest countries, the debt moratorium has not been as he hoped. He said: “We are trying to implement a framework to help countries move towards a more sustainable debt payment framework.”

Panelists at the Africa-focused meeting agreed that although Covid-19’s impact on the African continent is relatively mild, the pandemic has caused an economic crisis that requires collective action.

Dimieari Von Kemedi, co-founder and CEO of Alluvium and Angalafintech, said that this means “the urgency of starting with the free movement of one person, and being united as a continent.”

Speakers discussing the Middle East were optimistic about the region’s economic recovery, which was encouraged by the gradual opening of travel corridors and tourism.

Sara Akbar, chairman and chief executive officer of Oilserv, said: “Saudi Arabia and the UAE are reforming their laws and economies relatively quickly,” he pointed out, including Kuwait. Other countries are lagging behind.

Inter-American Development Bank President Mauricio Claver-Carone (Mauricio Claver-Carone), speaking of the heavy blow the pandemic has brought to Latin American countries, said that the top priority is to ensure that there is sufficient support to make the The region has embarked on a path of sustainable growth. He said: “We can no longer bear the lost ten years.”

Tourism relies on pent-up consumer demand

Greek Prime Minister Kyriakos Mitsotakis expects the tourism industry to pick up in the summer. He said that mass testing and passport vaccination are essential for his country:

He said: “The idea behind the European Green Passport is to simplify these procedures, not to make bilateral arrangements.” “I think most countries, at least large tourist destinations, will follow a similar strategy.”

EasyJet CEO Johan Lundgren criticized what he called the British government “Excessive caution” Reopening international travel, adding that if it only opens travel to a few countries, it will “not follow its own recommendations.”

Jane Sun, CEO of Trip.com, a Chinese online booking site, said that things look better in China. . . We are very excited about this. ”

Under Biden’s leadership, tensions between China and the United States remain high

In an interview with the British “Financial Times” editor Roula Khalaf (Roula Khalaf), U.S. Secretary of State Antony Blinken rejected the relevant The “Cold War” between China and the United StatesHe said that as President Biden takes a hard line against Beijing, countries need not stand aside.

He was referring to the work that Western governments need to do at home. He said: “All this is to ensure that democracy is strong, flexible and meets the needs of its people.”




U.S. Trade Representative Catherine Day said Hope to meet her Chinese counterparts soonThis is the first sign that the Biden administration is preparing to engage in dialogue with Beijing on trade tensions.

She said: “In order to formulate a lasting, sustained, and effective China policy, there is no doubt that the most effective steps we can take. The decline of the United States is whether we are effective at home.”

However, Elizabeth Economic, a senior researcher at the Hoover Institution at Stanford University, pointed out that under Biden’s leadership, the United States’ “threat perception” of China has not changed. She said: “Basically, they have not relaxed on Xinjiang, Taiwan or the most sensitive issues around tariffs.”

Pei Minxin, a professor of government at Claremont McKenna College, called for greater diplomacy in Sino-US relations: “If you stare at the path of confrontation, we will see a very dark future-no country will win. “

The company must rebuild better

Audrey Choi, CEO of the Morgan Stanley Institute for Sustainable Investment, said that people are increasingly aware that environmental sustainability is at the core of business goals.

She said: “If you don’t realize that climate change is the source of all financial impacts, you cannot become a company’s strategic leader or a prudent capital allocator today.”

Freeport-McMoRan President and CFO Kathleen Quirk (Kathleen Quirk) said at the conference about the prospects of the new commodity investment cycle: “The world is serious about the transition to clean energy, which will create a certain level of demand for the industry I’m really not prepared.”

Glencore CEO Ivan Glasenberg said the price of copper Need to increase by 50% Encourage sufficient new supply to meet the anticipated demand of the global green revolution.

Group members call for more collective action Improve gender balance After the crisis, this had a disproportionate impact on women. Julia Gillard, director of the Global Women’s Leadership Institute at King’s College London, said: “This brings us back to 2017 levels in terms of economic empowerment of women.”

She said: “If the company does not have a policy to correctly evaluate its performance so as to treat domestic workers and office workers fairly, we may bring gender inequality into a new working environment,” she said.

Concerned about the long-term psychological impact of the pandemic, speakers urged more openness and action on mental health.

“When leaders are seen as genuinely caring about their employees, business results will be improved. This is related to attractiveness and retention, safety performance and ethical performance.” BP Chief Medical Officer Richard Heron said. “For me, as a health professional, this is obvious, but sometimes you have to prove it.”

Big technology requires greater transparency and fair competition

Margrethe Vestager, the EU’s executive vice president for digital and competition policy, insists that the proposed regulations in Europe are designed to ensure a level playing field for companies, not to prevent foreign investment: “The goal is simple. That is fair competition, full stop, nothing more.”

Sir Nick Clegg, Facebook’s head of global affairs, commented on the company’s supervisory committee’s decision to maintain the social network’s ban on former US President Donald Trump.He said the lack of unified supervision of social media platforms means that Facebook has There is no choice but to fill in the blanks.

“We are working hard to keep the decision made by Facebook as a private company to keep it within the maximum possible account range and make it transparent.”

Remote work forces employee expectations to change

Federico González, chief executive of the Radisson hotel chain, said the pandemic has led to a “gradual change” in the need for employment flexibility, which will have long-term consequences.

Jennifer Christie, Twitter’s chief human resources officer, warned that companies must not ignore employees’ demands for better work-life balance, greater flexibility, and the ability to live where they want.

She said: “If they do, they will lose talent.” “The people they have will not stay, and they will not be able to take advantage of the growing workforce.”

Bill Schaninger, senior partner of McKinsey & Company, said: “There is a group of people who want to regain control, but I think they are in a state of borrowing.”



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