DAVOS, Switzerland: People around the world place much more trust in their companies than their political leaders, according to a major survey that suggests a mood of uncertainty and pessimism on the eve of the World Economic Forum in Davos.
The annual Edelman Trust Barometer shows only one in five people believe the economic, political and social system is working for them, while nearly 60 percent think trade conflicts are hurting their companies and putting their jobs at risk.
The sense of gloom is strongest in developed markets led by Japan, where 84 percent of the general public — excluding the ‘informed public’ who are college-educated, earn above-average incomes and consume news regularly — do not believe they will be better off in five years’ time, followed by France at 79 percent, Germany at 74 percent and Britain at 72 percent. That is far above the average 49 percent of the 27 countries examined in the research.
Amid low confidence that politicians will fix the problems, these people are turning to companies, with 75 percent saying they trust “my employer,” compared to 48 percent for government and 47 percent for the media.
“CEOs now have to be visible, show personal commitment, absolutely step into the void, because we’ve got a leadership void in the world,” Richard Edelman, head of the communications marketing firm that commissioned the research, told Reuters.
Optimism was higher in the United States, where nearly half of the general public believed they would be better off in the next five years. The corresponding figure there was 62 percent for the better-educated, higher-earning “informed public.”
“The stock market was very good, the deregulation and lower taxes for the wealthy — it’s pretty good if you are an elite,” Edelman said of the US findings.
The survey, based on the opinions of over 33,000 people and conducted between Oct. 19 and Nov. 16, is published on the eve of the Davos gathering in the Swiss Alps, which this year brings together some 3,000 business and world leaders amid anxiety over the US-China trade war, Brexit and a slowdown in global growth.
“Violation of trust“
The pessimism in Japan, France, Germany and Britain reflects a variety of factors.
“I think Japan’s never really recovered from Fukushima, there was such a violation of trust when that happened,” said Edelman, referring to the authorities’ botched response to a massive nuclear accident in 2011.
Signs of slowing global demand and a sharp rise in the yen have clouded the outlook for Japan’s export-reliant economy, and the government plans tax hikes to pay for ballooning health care costs for its rapidly aging population.
“The problem for the three (European) countries.... is that given the reality of the potentially diminished economic future, there is deep anger in advance,” Edelman said.
In France, what started as a grassroots rebellion by low-paid workers to protest taxes on diesel fuel and a squeeze on household incomes has morphed into an assault on President Emmanuel Macron and his reforms, seen by the protesters as favoring the wealthy.
And in Britain, the Brexit crisis intensified last week after Prime Minister Theresa May’s two-year attempt to forge an amicable divorce from the European Union was crushed by parliament in the biggest defeat for a British leader in modern history.
The survey found that while only 49 percent of the wider population trusted institutions such as governments, this figure rose to 65 percent among high-income, college-educated and well-informed people — the biggest gap since the research began 19 years ago.
Despite widespread distrust of the media, uncertainty about the future has led to a sharp jump in people’s consumption and sharing of news and information, up 22 percentage points in a year to 72 percent.
But more than 70 percent said they worry about false information or fake news being used as a weapon.
In the United States, where President Donald Trump has repeatedly denounced the media as purveyors of fake news, trust in media varied widely depending on political affiliations.
Those who identified themselves as Republican voters showed only 33 percent trust in media, while 69 percent of Democrats did so.
Eve-of-Davos survey shows people place trust in companies over governments
Eve-of-Davos survey shows people place trust in companies over governments
- Only one in five people believe the economic, political and social system is working for them
- Nearly 60 percent think trade conflicts are hurting their companies and putting their jobs at risk
Afghan prisoner in US custody freed in exchange for American citizens, Kabul says
An Afghan prisoner in American custody was freed in exchange for US citizens, Afghanistan’s foreign ministry said on Tuesday.
“The Islamic Emirate of Afghanistan considers this exchange a good example of resolving issues through dialogue and extends special gratitude to the brotherly nation of Qatar for its effective role in this process,” the foreign ministry said in a statement.
Malaysia seeks gag order on talk of jailed ex-PM’s bid to reveal royal document
- Najib Razak claims that a document exists allowing him to serve his remaining prison sentence under house arrest
- Former PM was found guilty in 2020 of criminal breach of trust and abuse of power for illegally receiving funds
KUALA LUMPUR: Malaysia’s attorney-general’s chambers has sought a gag order to ban public discussion of former Prime Minister Najib Razak’s judicial review claim that a document exists allowing him to serve his remaining prison sentence under house arrest, according to state news agency Bernama.
Najib, jailed for his role in the multi-billion dollar 1MDB scandal, is pursuing a legal bid to compel authorities to confirm the existence of and execute an “addendum order” that he said was issued last year as part of a pardon by then-King Al-Sultan Abdullah Ahmad Shah, entitling him to serve the remainder of his sentence at home.
The issue has caused a huge stir in Malaysia, with disgraced political heavyweight Najib insisting the former king’s addendum order was ignored by authorities when they announced the halving of his sentence last year.
The former king’s palace has issued a letter saying the document does exist, but Malaysia’s law ministry said it has no record of it, its home minister has denied knowledge and Prime Minister Anwar Ibrahim has said “we did not hide anything.”
Bernama on Monday quoted Shamsul Bolhassan, deputy chief of the chambers’ civil division, as saying the gag order request had been filed to a court.
The official had previously said the case touched on sensitive issues, according to Bernama.
Najib was found guilty in 2020 of criminal breach of trust and abuse of power for illegally receiving funds misappropriated from a unit of state investor 1Malaysia Development Berhad.
He is on trial for corruption in several other 1MDB-linked cases and denies wrongdoing. Najib this month hailed as “one step forward” the Court of Appeal’s decision to overturn the dismissal of his attempt to access the document. The case will go back to court to be heard by another judge.
Strong earthquake in Taiwan injures 27 and causes scattered damage
- The quake hit at 12:17 a.m. and was centered 38 kilometers southeast of Chiayi County Hall
- Taiwan lies along the Pacific ‘Ring of Fire’, where most of the world’s earthquakes occur
TAIPEI: A 6.4-magnitude earthquake struck southern Taiwan early Tuesday, leaving 27 people with minor injuries and some reported damage.
The quake hit at 12:17 a.m. and was centered 38 kilometers (24 miles) southeast of Chiayi County Hall at a depth of 10 kilometers (6 miles), Taiwan’s Central Weather Administration said. The US Geological Survey measured the earthquake at a less powerful magnitude 6.
There were scattered reports of minor to moderate damage around the cities of Chiayi and Tainan.
Taiwan’s fire department said 27 people were sent to hospitals for minor injuries. Among them were six people, including a 1-month-old baby, who were rescued from a collapsed house in the Nanxi district of Tainan. The Zhuwei bridge on a provincial highway was reported to be damaged.
No deaths have been reported, though rescuers were still assessing damage.
Two people in Tainan and one person in Chiayi city were rescued without injuries after being trapped in elevators.
The quake caused a fire at a printing factory in Chiayi, but it was extinguished, and there were no reports of injuries.
Last April, a magnitude 7.4 quake hit the island’s mountainous eastern coast of Hualien, killing at least 13 people and injuring more than 1,000 others. The strongest earthquake in 25 years was followed by hundreds of aftershocks.
Taiwan lies along the Pacific “Ring of Fire,” the line of seismic faults encircling the Pacific Ocean where most of the world’s earthquakes occur.
Trump to pull nearly 1,660 Afghan refugees from flights, say US official, advocate
- Group includes unaccompanied minors awaiting reunification with their families in the US as well as Afghans at risk of Taliban retribution
- Nearly 200,000 Afghans brought to US by former President Joe Biden’s administration since the chaotic US troop withdrawal from Kabul
WASHINGTON: Nearly 1,660 Afghans cleared by the US government to resettle in the US, including family members of active-duty US military personnel, are having their flights canceled under President Donald Trump’s order suspending US refugee programs, a US official and a leading refugee resettlement advocate said on Monday.
The group includes unaccompanied minors awaiting reunification with their families in the US as well as Afghans at risk of Taliban retribution because they fought for the former US-backed Afghan government, said Shawn VanDiver, head of the #AfghanEvac coalition of US veterans and advocacy groups and the US official, who spoke on condition of anonymity.
The US decision also leaves in limbo thousands of other Afghans who have been approved for resettlement as refugees in the US but have not yet been assigned flights from Afghanistan or from neighboring Pakistan, they said.
Trump made an immigration crackdown a major promise of his victorious 2024 election campaign, leaving the fate of US refugee programs up in the air.
The White House and the State Department, which oversees US refugee programs, did not immediately respond to requests for comment.
“Afghans and advocates are panicking,” said VanDiver. “I’ve had to recharge my phone four times already today because so many are calling me.
“We warned them that this was going to happen, but they did it anyway. We hope they will reconsider,” he said of contacts with Trump’s transition team.
VanDiver’s organization is the main coalition that has been working with the US government to evacuate and resettle Afghans in the US since the Taliban seized Kabul as the last US forces left Afghanistan in August 2021 after two decades of war.
Nearly 200,000 Afghans have been brought to the US by former President Joe Biden’s administration since the chaotic US troop withdrawal from Kabul.
One of the dozens of executive orders Trump is expected to sign after being sworn in for a second term on Monday suspended US refugee programs for at least four months.
The new White House website said that Trump “is suspending refugee resettlement, after communities were forced to house large and unsustainable populations of migrants, straining community safety and resources.”
“We know this means that unaccompanied children, (Afghan) partner forces who trained, fought and died or were injured alongside our troops, and families of active-duty US service members are going to be stuck,” said VanDiver.
VanDiver and the US official said that the Afghans approved to resettle as refugees in the US were being removed from the manifests of flights they were due to take from Kabul between now and April.
Minority Democrats on the House Foreign Relations Committee blasted the move, saying in a post on X that “this is what abandonment looks like. Leaving vetted, verified Afghan Allies at the mercy of the Taliban is shameful.”
They include nearly 200 family members of Afghan-American active-duty US service personnel born in the US or of Afghans who came to the US, joined the military and became naturalized citizens, they said.
Those being removed from flights also include an unknown number of Afghans who fought for the former US-backed Kabul government and some 200 unaccompanied children of Afghan refugees or Afghan parents whose children were brought alone to the United States during the US withdrawal, said VanDiver and the US official.
An unknown number of Afghans who qualified for refugee status because they worked for US contractors or US-affiliated organizations also are in the group, they said.
Trump signs executive order withdrawing from the World Health Organization
- He said the WHO had failed to act independently from the ‘inappropriate political influence of WHO member states’
NEW YORK: The United States will exit the World Health Organization, President Donald Trump said on Monday, saying the global health agency had mishandled the COVID-19 pandemic and other international health crises.
Trump said the WHO had failed to act independently from the “inappropriate political influence of WHO member states” and required “unfairly onerous payments” from the US that are disproportionate to the sums provided by other, larger countries, such as China.
“World Health ripped us off, everybody rips off the United States. It’s not going to happen anymore,” Trump said at the signing.
The move means the US will leave the United Nations health agency in 12 months’ time and stop all financial contributions to its work. The United States is by far the WHO’s biggest financial backer, contributing around 18 percent of its overall funding. WHO’s most recent two-year budget, for 2024-2025, was $6.8 billion.
Trump’s withdrawal from the WHO is not unexpected. He took steps to quit the body in 2020, during his first term as president, accusing the WHO of aiding China’s efforts to “mislead the world” about the origins of COVID.
WHO vigorously denies the allegation and says it continues to press Beijing to share data to determine whether COVID emerged from human contact with infected animals or due to research into similar viruses in a domestic laboratory.
