AIRLINK 175.30 Decreased By ▼ -0.59 (-0.34%)
BOP 10.88 Decreased By ▼ -0.10 (-0.91%)
CNERGY 8.25 Increased By ▲ 0.25 (3.13%)
FCCL 46.35 Increased By ▲ 0.23 (0.5%)
FFL 16.07 No Change ▼ 0.00 (0%)
FLYNG 27.45 Increased By ▲ 0.03 (0.11%)
HUBC 146.00 Increased By ▲ 2.04 (1.42%)
HUMNL 13.43 Increased By ▲ 0.08 (0.6%)
KEL 4.43 Decreased By ▼ -0.07 (-1.56%)
KOSM 5.93 Decreased By ▼ -0.05 (-0.84%)
MLCF 60.41 Increased By ▲ 0.91 (1.53%)
OGDC 232.24 Decreased By ▼ -0.51 (-0.22%)
PACE 5.81 Decreased By ▼ -0.07 (-1.19%)
PAEL 47.70 Increased By ▲ 0.22 (0.46%)
PIAHCLA 17.81 Decreased By ▼ -0.16 (-0.89%)
PIBTL 10.45 Decreased By ▼ -0.13 (-1.23%)
POWER 11.38 No Change ▼ 0.00 (0%)
PPL 190.98 Decreased By ▼ -2.32 (-1.2%)
PRL 37.10 Increased By ▲ 0.10 (0.27%)
PTC 23.30 Decreased By ▼ -0.47 (-1.98%)
SEARL 99.35 Decreased By ▼ -0.52 (-0.52%)
SILK 1.15 No Change ▼ 0.00 (0%)
SSGC 36.84 Decreased By ▼ -0.35 (-0.94%)
SYM 14.70 Decreased By ▼ -0.25 (-1.67%)
TELE 7.77 Increased By ▲ 0.02 (0.26%)
TPLP 10.79 Decreased By ▼ -0.08 (-0.74%)
TRG 65.30 Increased By ▲ 0.16 (0.25%)
WAVESAPP 10.75 Decreased By ▼ -0.16 (-1.47%)
WTL 1.33 Decreased By ▼ -0.01 (-0.75%)
YOUW 3.80 Decreased By ▼ -0.01 (-0.26%)
BR100 12,613 Increased By 4.8 (0.04%)
BR30 39,286 Increased By 23.9 (0.06%)
KSE100 117,904 Increased By 131.3 (0.11%)
KSE30 36,366 Increased By 69.5 (0.19%)

DAVOS, (Switzerland): Police on Sunday cleared several hundred demonstrators protesting against next week’s gathering of the global elite at the World Economic Forum (WEF) in the Swiss Alps.

Protesters blocked the road to the glitzy mountain ski resort of Davos, ignoring two police calls for them to leave, a spokeswoman for the Graubunden cantonal police told the Keystone-ATS news agency. With the blockade causing a major traffic jam, the authorities deployed a specialised vehicle to clear the highway ahead of the WEF's Monday start.

Among those attending the protest was Austrian-German heiress Marlene Engelhorn, who gave away the bulk of her multi-million-euro inheritance to dozens of organisations working on social issues.

"The WEF symbolises how much power wealthy people like me hold," she told AFPTV.

"Because just because we are born millionaires, or because we got lucky once -- and call that self-made -- we now get to influence politicians worldwide with our political preferences," she added. "It's a huge lobbyism effort. It's a huge lack of transparency that we witness here, no accountability... I just think we need accountability, we need transparency, we need democracy to be in place here."

Engelhorn also denounced the pollution being caused by private jets flying in for the summit.

Also at Sunday's protest was Britain's Phil White, part of a group called Patriotic Millionaires.

Many observers have expressed concern about the so-called "broligarchy" surrounding US President-elect Donald Trump, which includes billionaire Elon Musk.

Founded in 1971, the WEF offers a yearly opportunity for hundreds of business executives, politicians and other leading figures to mingle in the ski resort-turned-conference centre over the course of a week.

More than 60 heads of state and government will be among those attending this year, according to the WEF.

Top of their minds will be Trump's imminent return to the White House.

Trump is due to address the forum by videolink on January 23, according to the organisers, just three days after his inauguration Monday for a second term in office.

Comments

Comments are closed.