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Francesca Codega @CNNMoneyCH | 25 October 2019

How much does the trade war cost?

How much does the trade war cost?  How much does the trade war cost?  How much does the trade war cost?
Forecasts for global growth have been downgraded. The trade war, besides being unaffordable, is also preventing other challenges from being addressed, as American economist Jeffrey Sachs explains.
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Kasmira Jefford
WHO warns of coronavirus “infodemic”
The deluge of misinformation about the coronavirus poses a threat to public health, says the WHO. The UN agency is working with social media platforms and search engines such as Facebook and Google to fight bogus claims of cures or prevention measures.
Kasmira Jefford
Helping refugees? UNHCR says the energy sector could do more
Tech companies are a good example of how businesses can help refugees in areas like communication and education, according to Kelly Clements, the UNHCR’s deputy high commissioner. Others could do more, like the energy sector. Clements explains how.
Kasmira Jefford
How businesses are stepping up for refugees
Over 770 pledges were made and USD 10 billion committed in support of refugees at the first Global Refugee Forum, held in Geneva last December. Here’s how private sector organizations, including the Lego Foundation, are contributing: by pledging USD 250 million in total.
Kasmira Jefford
Booming global health sector overtakes human rights in Geneva, report says
Geneva’s public health sector, anchored by the WHO, has boomed over the last two decades and is now surpassing human rights in terms of economic importance, says Boris Mabillard, journalist and author of a new report commissioned by the Fondation pour Genève.
Kasmira Jefford
When philanthropy is accused of jeopardizing democracy
The influence wielded by large foundations is a controversial topic in the U.S., where a handful donors like the Bill and Melinda Gates Foundation—a key contributor to Gavi and The Global Fund in Geneva—account for most of the world’s philanthropy. CNNMoney Switzerland asks Henry Peter, head of the Geneva Centre for Philanthropy, whether power is also an issue with foundations in Switzerland when it comes to the allocation of funds.
Kasmira Jefford
GESDA foundation matches CHF 3 million public funding with private donor
A new Geneva-based foundation that wants to advance the next big trends in scientific research has secured CHF 3 million in funding from a private donor— matching the sum already awarded by the Swiss government, its chairman tells CNNMoney Switzerland. Peter Brabeck-Letmathe, chairman of the Geneva Science and Diplomacy Anticipator (GESDA) and former Nestlé CEO, says the new foundation will help “create a competitive advantage for Geneva.”
Francesca Codega
Killer robots: a growing business that’s raising questions
Military spending into artificial intelligence is expected to grow up to USD 18.82 billion by 2025. At this pace, fully autonomous weapons, also known as killer robots, will soon become a reality. In the meantime, a campaign coordinated by Human Rights Watch is asking governments to stop them.
Kasmira Jefford
Why modern slavery cannot be solved without the financial sector
Over 40 million people are estimated to be victims of modern slavery or human trafficking, and the financial sector needs to play a role in eradicating it, says Fiona Reynolds, CEO of the UN-backed Principles for Responsible Investment. Speaking at the UN Forum on Business and Human Rights in Geneva last month, Reynolds presented an action plan designed by a commission she chaired.
Kasmira Jefford
Swiss companies fall short in Corporate Human Rights Benchmark
Over half of major companies across four key sectors are failing on human rights—particularly on due diligence—according to the latest Corporate Human Rights Benchmark (CHRB). Of the five Swiss companies ranked, none scored above 60 percent. Speaking at the UN Forum on Business & Human Rights, Margaret Wachenfeld, CHRB board director, explains where firms are falling short.
Kasmira Jefford
Crunch time for UN talks on killer robots as business demands clarity
Talks over a treaty to ban lethal autonomous weapons—so-called killer robots—have come to a head at the UN in Geneva after campaigners, backed by 30 nations, businesses, scientists, and NGOs, called on states to turn up the heat on the “glacial” pace of negotiations. With another two years of talks planned and no laws to stop them, there are concerns that the arms industry and certain countries will continue to ramp up development of these weapons.
Kasmira Jefford
Geneva launches first Center for Business and Human Rights in Europe
The University of Geneva is launching the first center dedicated to human rights at a business school in Europe, in collaboration with NYU’s Stern School in the U.S. Dorothée Baumann-Pauly, the center’s director, discusses upcoming projects and why a proposal to hold Swiss-based multinationals accountable for human rights violations abroad won’t work without proper measures to ensure companies are putting rules into practice.
Francesca Codega
How much climate change is costing Switzerland
In just 15 days this past summer, Switzerland saw the equivalent of one year’s drinking water melt from its glaciers, something that hurt power production and impacted infrastructure.
Kasmira Jefford
Water supply on edge in Swiss Alps too, warns Mountain Summit
The impact of climate change on mountain ecosystems is putting the world’s water supplies—and the economies that rely on them—at risk, warns Carolina Adler, co-chair of the inaugural High Mountain Summit organized by the World Meteorological Organization in Geneva. This comes after the heat wave earlier this year caused Swiss glaciers to melt at record rates.
Kasmira Jefford
Millennials’ message on global trade: “please listen to us”
Millennials and Generation Z now account for two-thirds of the global workforce and need to be given a bigger say in the debate on the future of global trade. That was one of the resounding messages delivered by a dedicated panel of young entrepreneurs invited to speak at the 2019 WTO Public Forum in Geneva. Andrés Escobar, founder of U.S.-based IMPCT Coffee, and Chebet Lesan, founder of Kenya’s Bright Green Renewable Energy, say it’s as simple as “please listen to us.”
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