Recipients of the crystal and theyve been recognized for their charity work but for many here the highlight is said to be u. S. President trump for the first time in nearly two decades a sitting u. S. President will be taking part of the World Economic forum some think he needs to have discussions with other foreign leaders more than anyone. Because he quote support. Whoever leader of a country does not have just a national. Perspective but an International Perspective or global perspective presence of the president of. Will hopefully provide him even better recently over prosperity if you. Have a different view the u. S. President s attendance means even tighter security in davos and many here are not excited about trump. Decision i dont care whether his coming or not. Iran doesnt even see him and i dont want to see him either resign or. Im not really interested. And i dont think hell come until friday some seventy heads of state and government will be Holding Discussions about the Global Economy with representatives from the Business World and jewels so we have three thousand participants coming together at the time where we see a lot of political talent shows for the same time you see that growth is back in the Global Economy but for us is a very important that there is growth it is more inclusive and creates more jobs but its not just about the Global Economy other topics on the agenda include technology and its challenges the gender pay gap and wealth inequality. And earlier i talked to d. W. s Helen Humphrey who is covering the meeting for us and asked how the mood is compared to last year when the world was wondering what Donald Trumps presidency would look like. Lets put it this way have yes certainly know that the theme of this years annual meeting of the World Economic forum is creating a shared future in a fractured whyld over the past year since the us president has been in the white house donald trump has pulled the United States out of the paris climate agreement hes ripped up the t p p trade deal and not looks like its on the rocks basically hes done everything runs contrary to what the davos elite would like to see happen and he will give the Closing Remarks here at the World Economic forum on friday first though we have to hear from indian Prime Minister in there andrew modi tomorrow i will really start to get an understanding into what the global elite think about a series of risks ranging from growing inequality all to fish to intelligence the labor Market Growth education and the gender gap over a series of many many Panel Discussions over the next four days all of those Panel Discussions will be presided over by this years seven cochairs all female including the i. M. F. Sixteen lookout and speaking of which we know that she is also launching the World Economic outlook there in davos how are things looking things are looking very easy according to the i. M. F. At least its raised its growth forecasts for the Global Economy by zero point two of a percent for this year and next to stand at three point nine percent that said it did warn of the risks of a growth cycle coming to an end it said that most of the growth has been driven by asia and europe and it said that the us could see some growth propelled by the tax reform however that could tail off towards twenty twenty two due to an increase in the u. S. Budget deficit now lets talk about a some of the participants there because we know its not only World Leaders who can talk about the meeting without mentioning the glitz what has this year scarred in store. We have just had the crystal awards recognizing a celebrities artists who make an impact in the humanitarian wild Cate Blanchett the australian x. And producer received an award of crystal award for her role raising awareness in the refugee crisis as well as cherie com the bollywood star for his advocacy a womens and childrens rights and british singer songwriter elton john for his role in the hiv aids epidemic raising awareness that just would be davos without a little bit of glitz and glamor. Humphrey covering the annual meeting of the World Economic forum in davos switzerland thank you very much and just in time for the meeting of the worlds leaders in davos the international n. G. O. S fam is updating its annual inequality report oxfam says the number of billionaires worldwide has gone up to two thousand and forty three this past year their combined wealth increased by thirteen percent now eighty two percent of the Global Wealth created last year went to the top one percent of the worlds population the super rich but inequality is also rising fast heres an example in just four days the c. E. O. Of one of the worlds top fashion brands earns as much as a seamstress in bangladesh makes throughout her entire life the amount the rich avoid in taxation was more than the amount industrial nations paid in Development Aid lets take a look at that figure and compare its two hundred billion dollars in tax avoidance versus one hundred forty five billion in Development Data and while the world is looking at the millen airs on stars in davos heres a look at those who struggle. The oxfam inequality report doesnt just say that the rich are getting richer it also says the fortunes of the worlds poorest are not improving at all fifty percent the bottom fifty percent of humanity three point seven billion people got nothing zero percent of the new wealth created its good to was baby are they all wealth is increasing six times faster than the wages of ordinary people this disparity is felt deeply in vietnam province where many worked in the textile and garment sector often far from home and away from their families land is thirty two and work six days a week for about one u. S. Dollar an hour she cant afford to keep her children with her they live with their grandparents more than a thousand kilometers away. I dont have enough money to raise my two children and i have to save money for them to feed them so they will be well fed like their friends i want to be that way that way you only. Oxfam says its badly paid work like lands that ensure goods are kept cheap and sold in massive volumes line the pockets of corporate shareholders and executives to combat widening inequality the charity has called for ensuring a living wage for workers and imposing higher taxes on the wealthy. Will stand the subject of devils and were going to discuss it with our financial correspondent on wall street james carter yes we know that there was a big expectation and a lot of question marks regarding whether donald trump would attend the meeting or not now it seems like he will whats the word on wall street. Well first of all talking about millionaires and billionaires jamie diamond the head of j. P. Morgans once said about davos its about billionaires explaining to millionaires how the middle class feels but well lets come to the u. S. President to twenty seventeen has been mostly about domestic politics especially the tax reform and twenty eight he could be about trade issues and therefore it will be very interesting also here from a wall street perspective how the president will appear in davos really he strengthened his case was America First or will he sound a bit more open when it comes to trade relations now the Government Shutdown made many nervous during the weekend now even stretch into the week day as we know it but did it have a big impact on the markets and we now Say Something about it now that its done. I heard it so often that it does not have a big impact on the market but then again when we did see on monday that there was a partial agreement and the shutdown can be avoided for an hour and rather quickly we did see the u. S. Markets gaining quite some strength he said new records here in the monday session so it did have a certain impact and there was some relief here on wall street at the beginning of the week its called on wall street thank you very much. And Online Retail giant amazon has opened a Convenience Store in seattle that might just be the future of shopping its called amazon go and customers wont have to wait in line or use a checkout they only need the amazon go app on their smartphones and can simply pick up items and put them directly in their backs the goods are automatically added to a customers virtual shopping cart when theyre removed from the shelves or deleted if the item is put back the system relies on a mix of cameras sensors and artificial intelligence. And that was. A thank you very much for joining us from always check us out on the web at the w dot com or follow us on social media and on behalf of the whole team thank you very much for watching. European stock. Performance in the back. The boy concert every weekend cut. Above. Your smart t. V. What you watch for when you want it up to date extraordinary. And you decide whats on sunday morning. Dot com smart t. V. Are you up to speed on the latest technology. Though then it may be time for an upgrade this becoming part of the future. Become a cyborg im a cyborg so ive created a new sense and a new organ and design my perception of reality implants that make every day life easier. I use my you cant on a daily basis that optimize the human body and connect people more effectively. I hope that this will make us more ethical persons what would life be like as a psych work in school so to at the end of the day these technologies can be used against us and what effect will it happen society does the Human Race Movement upgrade i think its only the beginning of this side of human machines starting february first on t w