What Dominated the World Economic Forum

what dominated the world economic forum

Davos’s talking points The annual World Economic Forum, delayed from its normal winter date by Covid, has wrapped up. The high-profile conference, which draws leaders from government, business and nonprofits, has returned for the first time since coronavirus shut down the world — but in the midst of a war in Europe. DealBook was on hand, and here are our big takeaways: Executives are worried about a slowdown. Nearly every conversation with chief executives was dominated by how to handle rising interest rates, inflation and supply chain shocks, with the…

Woman who trespassed at Trump’s Mar-a-Lago resort deported to China

A Chinese businesswoman convicted of trespassing at Donald Trump’s Mar-a-Lago club and lying to Secret Service agents has been deported, federal authorities said, more than two years after serving her sentence. Yujing Zhang was turned over to immigration officials in December 2019 after serving an eight-month sentence for trespassing at Trump’s resort in March that year. But she was held at the Glades County Detention Center for three times as long as her prison term mainly because of deportation delays during the Covid-19 pandemic, immigration authorities told the Miami Herald.…

What an Adult Tricycle Says About the World’s Supply-Chain Problems

what an adult tricycle says about the worlds supply chain problems

Catrike has 500 of its three-wheeled bikes sitting in its workshop in Orlando, Fla., nearly ready to be sent to expectant dealers. The recumbent trikes have been waiting for months for rear derailleurs, a small but crucial part that is built in Taiwan. “We’re sitting on $2 million in inventory for one $30 part,” said Mark Egeland, the company’s general manager. The company’s problems offer a window into how supply-chain disruptions are rocking companies in the United States and around the world, pushing inflation higher, delaying deliveries and exacerbating economic…