Income inequality is so now lopsided that eight men now own the same amount of wealth as the poorest half of the world. A top corporate CEO earns as much in a year as 10,000 garment factory workers in Bangladesh.
President Xi Jinping leads a Chinese delegation of over 100 officials and scores of business executives attending the World Economic Forum, embodying a tectonic shift at an event that started nearly a half-century ago among Europeans and Americans.
German investor confidence improved in January as strong data at the end of 2016 bolstered the outlook for Europe's largest economy.
The same day that Microsoft's CEO Satya Nadella was outlining the company's plans for artificial intelligence, Chinese tech giant Baidu announced it had poached one of the US firm's former leading AI researchers.
For years, Leonardo Del Vecchio has sought to find a successor at Luxottica Group SpA, the eyewear retailer and manufacturer he founded in 1961.