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
Pakistan, India agree to withdraw troops by end May
More than 70 people were killed in the four-day conflict, which was sparked by an attack on tourists by gunmen in Indian-administered Kashmir last month that New Delhi accused Islamabad of backing -- a charge it denies.
The military confrontation involving intense tit-for-tat drone, missile, aerial combat and artillery exchanges came to an abrupt end after US President Donald Trump announced a surprise ceasefire, which is still holding.
"Troops will be withdrawn to pre-conflict positions by the end of May," the senior security official told AFP on condition of anonymity as he was not authorised to speak to the media.
The official said both countries agreed a phased withdrawal of the additional troops and weaponry deployed, mostly on the already heavily militarised de facto border in Kashmir, known as the Line of Control (LoC).
It comes after the Indian army last week said both sides agreed to take "immediate measures to ensure troop reduction from the borders and forward areas".
"All of these steps were initially planned to be completed within 10 days, but minor issues caused delays," the Pakistani official added.
Kashmir is claimed in full by both India and Pakistan, which have fought several wars over Muslim majority region since their 1947 independence from British rule.
The latest conflict began on May 7 when India launched strikes against what it said were "terrorist camps" in Pakistan, triggering an immediate response from Islamabad.
WHO members adopt a ‘pandemic agreement’ born out of the disjointed global COVID response
GENEVA: The World Health Organization’s member countries on Tuesday approved an agreement to better prevent, prepare for and respond to future pandemics in the wake of the devastation wrought by the coronavirus.
Sustained applause echoed in a Geneva hall hosting the WHO’s annual assembly as the measure — debated and devised over three years — passed without opposition.
The treaty guarantees that countries which share virus samples will receive tests, medicines and vaccines. Up to 20 percent of such products would be given to the WHO to ensure poorer countries have some access to them when the next pandemic hits.
WHO Director-General Tedros Adhanom Ghebreyesus has touted the agreement as “historic” and a sign of multilateralism at a time when many countries are putting national interests ahead of shared values and cooperation.
Dr. Esperance Luvindao, Namibia’s health minister and the chair of a committee that paved the way for Tuesday’s adoption, said that the COVID-19 pandemic inflicted huge costs “on lives, livelihoods and economies.”
“We — as sovereign states — have resolved to join hands, as one world together, so we can protect our children, elders, frontline health workers and all others from the next pandemic,” Luvindao added. “It is our duty and responsibility to humanity.”
The treaty’s effectiveness will face doubts because the United States — which poured billions into speedy work by pharmaceutical companies to develop COVID-19 vaccines — is sitting out, and because countries face no penalties if they ignore it, a common issue in international law.
The US, traditionally the top donor to the UN health agency, was not part of the final stages of the agreement process after the Trump administration announced a US pullout from the WHO and funding to the agency in January.
Hungarian lawmakers approve bill to quit International Criminal Court
- The government announced the move after Benjamin Netanyahu arrived in Hungary in defiance of an ICC arrest warrant
Hungary’s parliament approved a bill on Tuesday that will start the country’s year-long withdrawal process from the International Criminal Court, which Prime Minister Viktor Orban’s government said has become “political.”
Orban’s government announced the move on April 3, shortly after Israeli leader Benjamin Netanyahu arrived in Hungary for a state visit in a rare trip abroad in defiance of an ICC arrest warrant. The ICC’s Presidency of the Assembly of State Parties expressed concern at the move.
The International Criminal Court was set up more than two decades ago to prosecute those accused of war crimes, crimes against humanity and genocide.
Orban last month said the ICC was “no longer an impartial court, a rule-of-law court, but rather a political court.”
Hungary has rejected the idea of arresting the Israeli prime minister and has called the warrant “brazen.”
Hungary is a founding member of the ICC and ratified its founding document in 2001. However, the law has not been promulgated.
The bill to withdraw from the ICC passed on Tuesday with 134 members voting in favor and 37 against.
“Hungary firmly rejects the use of international organizations — in particular criminal courts — as instruments of political influence,” the bill, submitted by Deputy Prime Minister Zsolt Semjen, said on parliament’s website.
Netanyahu called Hungary’s decision to leave the ICC a “bold and principled decision.”
The Israeli prime minister faces an ICC arrest warrant over allegations of war crimes in Gaza as Israel expands its military operation in the Palestinian enclave. Netanyahu has denied the allegations.
A country’s withdrawal from the ICC comes into effect one year after the United Nations Secretary-General receives a written notification of the decision.
Cambodian students re-enact bloody Khmer Rouge crimes
PHNOM PENH: Cambodian students wearing all black and wielding bamboo clubs and wooden rifles staged a dramatic re-enactment on Tuesday of a genocide that killed two million people in the 1970s.
A quarter of Cambodia’s population died of starvation, forced labor or torture or were slaughtered in mass killings under Pol Pot’s Khmer Rouge between 1975 and 1979.
The Khmer Rouge atrocities are commemorated at museums and sites including Choeung Ek, a notorious former “Killing Field” in Phnom Penh, where an annual Day of Remembrance event is held.
Hundreds gathered at Choeung Ek, where about 15,000 people died between 1975 and 1979, holding prayers in front of a display of victims’ skulls.
Students brandishing mock weapons then acted out slitting victims’ throats, shooting or clubbing them in a re-enactment of Khmer Rouge attacks on civilians.
Some attendees cried at the confrontingly vivid re-enactment.
“My tears fell when I watched the performance,” attendee and survivor Chruok Sam, 70, told AFP.
He lost 12 family members under the Khmer Rouge and said the performance showed “exactly the same” as what he had experienced in 1975.
He hoped the re-enactment would help young generations learn more about what he called “the most heinous and cruel regime on Earth.”
Another survivor, 63-year-old Em Ry, said she was still scared and had never been able to forget Pol Pot’s time in power.
She was forced to work all day and only ate a “spoonful of corn,” she said, and lost several family members including her grandmother.
Prime Minister Hun Manet, who was at the opening of a new cement plant in central Kampong Speu province, urged people not to forget the past.
“We must move on, but we cannot forget our painful past,” he said.
Cambodia marked the 50th anniversary last month of the Khmer Rouge’s bloody march into Phnom Penh.
A special tribunal sponsored by the United Nations convicted three key Khmer Rouge figures before ceasing operations in 2022. Other former cadres still live freely.
Pol Pot, nicknamed “Brother Number One,” died in 1998 before he was brought to trial.
France ‘determined’ to recognize Palestinian state: foreign minister
PARIS: France is “determined” to recognize a Palestinian state, its foreign minister said on Tuesday, condemning Israel for the “indefensible” situation in Gaza created by its military campaign and humanitarian blockade.
Foreign Minister Jean-Noel Barrot also reaffirmed that Paris backed a Netherlands-led initiative for a review of the cooperation agreement between the European Union and Israel, which could affect political and economic ties.
President Emmanuel Macron has left open the possibility that France could become the latest European nation to recognize a Palestinian state at a UN conference in June.
“We cannot leave the children of Gaza a legacy of violence and hatred. So all this must stop, and that’s why we are determined to recognize a Palestinian state,” Barrot told France Inter radio.
“And I am actively working toward this, because we want to contribute to a political solution in the interest of the Palestinians but also for the security of Israel,” he added.
Barrot was speaking after Macron joined British Prime Minister Keir Starmer and Canadian Prime Minister Mark Carney in a rare joint statement that angered Israel.
The statement said that “we will not stand by,” threatened “further concrete actions” if Israel continued to block aid, and said that “We are committed to recognizing a Palestinian state.”
Pressed over what these actions could entail, Barrot again urged the EU to agree to the Dutch request to review the association agreement between Israel and the bloc and, in particular, examine if Israel was violating the accord’s commitments on human rights.
He said this raises “the possibility of an eventual suspension” of an accord, which has political as well as commercial dimensions.
“Neither Israel or the EU have an interest in ending that accord,” he added.
Prime Minister Benjamin Netanyahu has authorized a limited amount of humanitarian aid after more than two and a half months of a complete blockade of the Palestinian territory, which is facing a catastrophic humanitarian situation.
But Barrot said this was “totally insufficient.”
The situation in Gaza is “indefensible because blind violence and the blocking of humanitarian aid by the Israeli government have turned Gaza into a death trap if not a cemetery.”
In a warning to Israel, he added: “When you sow violence you harvest violence.”
The war was sparked by Palestinian militant group Hamas’s October 7, 2023 attack on Israel that resulted in the deaths of 1,218 people on the Israeli side, mostly civilians, according to an AFP tally based on official figures.
Militants also took 251 hostages, 57 of whom remain in Gaza including 34 the military says are dead.
Gaza’s health ministry said Monday at least 3,340 people in the Palestinian territory have been killed since Israel resumed strikes on March 18, taking the war’s overall toll to 53,486.
