Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Commander-in-Chief of Iran’s Islamic Revolution Guard Corps, Major General Mohammad Pakpour: If the enemy makes a mistake, we will respond forcefully, just as we have over the past 12 days
Macron: Reaffirmed importance of using the path of negotiations regarding Iran's nuclear capabilities
Macron: Told 'Israel's' Netanyahu that he shares with him the objective that Iran should never have nuclear weapon
Macron: Reaffirmed to 'Israel's' Netanyahu the need for ceasefire in Gaza
Macron: Spoke to Netanyahu, highlighted mportance of respecting 'Israel'/Iran ceasefire
Iranian Health Ministry: Israeli aggression on Iran has resulted in the martyrdom of 627 people and the injury of 4,870 others across various provinces of the country
Khatam al-Anbiya Headquarters mourns its commander, Ali Shadmani, who succumbed to severe wounds sustained during last week's Israeli aggression on Iran
Hamas: Any agreement must guarantee a cessation of aggression and war against our people, a permanent ceasefire, and a complete withdrawal of occupation forces from the Gaza Strip
Hamas: We affirm our continued positive engagement with the mediators' efforts and with any serious ideas or proposals that could lead to a comprehensive agreement
US President Donald Trump: US will talk with Iran next week

Risk of economic wars 'very high' amid disintegrating 'world order'

  • By Al Mayadeen English
  • Source: Agencies
  • 17 Jan 2023 17:26
2 Min Read

According to German Minister Robert Habeck, if other nations across the globe choose to walk the same path as China and Russia did, then chances to solve the world's problems will be impossible. 

  • x
  • Vehicles move down Altamont Pass Road with wind turbines in the background in Livermore, Calif., Aug. 10, 2022 (AP Photo/Godofredo A. Vásquez, File)
    Vehicles move down Altamont Pass Road with wind turbines in the background in Livermore, Calif., Aug. 10, 2022 (AP Photo/Godofredo A. Vásquez, File)

German Economy Minister Robert Habeck said on Tuesday that the risk of economic wars currently stands at dangerous levels as what he calls the 'world order' is currently disintegrating more and more rapidly. 

"The risk [of economic wars] is very high. And this is one of the meaningful challenges of Davos. We see that some countries have chosen isolation and violent confrontation," Habeck told reporters on the sidelines of the World Economic Forum in Davos.

Besides making mention of Russia and China's "very aggressive policy", Habeck said that the real question will be how other countries will respond to these challenges, noting that if other nations across the globe choose to walk the same path, then chances to solve the world's problems will be impossible. 

Related News

Germany to halt funding for Mediterranean rescue missions

Germany's Merz calls for a ceasefire in Gaza, says ‘moment has come'

"The global world that we once believed existed, and which was connected with the idea of founding the once neoliberal think tank in Davos, is increasingly disintegrating into private and power interests," Habeck added.

'I see a decoupling and this is threatening.' Robert Habeck (@BMWK) sounds the alarm on economic decoupling around the world. #wef23 pic.twitter.com/hyeX4alddA

— World Economic Forum (@wef) January 17, 2023

At the 53rd annual meeting of the World Economic Forum in Davos, Switzerland, several issues to be discussed are on the agenda, some of which include global inflation, investments in emerging technologies, and geopolitical risks for the global economy. 

For the second year in a row, Russia was not invited to participate in the summit due to the situation in Ukraine.

Read more: $250 billion trade turnover with China to be reached soon: Kremlin

  • Germany
  • Robert Habeck

Most Read

Iranian President Masoud Pezeshkian attends a protest following the US attacks on nuclear sites in Iran, in Tehran, Iran, Sunday, June 22, 2025. (AP)

Iran declares victory as ceasefire forces Israeli retreat

  • Politics
  • 24 Jun 2025
Israeli workers survey the site where a missile launched from Iran struck in Haifa on Sunday, June 22, 2025. (AP)

True Promise 3, wave 20: 40 missiles launched, Kheibar-Shekan in first

  • Politics
  • 22 Jun 2025
Iran launches strikes on Israeli targets, despite alleged ceasefire

Iran victorious as ceasefire with 'Israel' takes effect

  • Politics
  • 24 Jun 2025
Iranian worshippers carry their country's flags in a protest to condemn Israeli attacks on multiple cities across Iran, after the Friday prayers ceremony in Tehran, Iran, Friday, June 20, 2025. (AP)

Iran warns of NPT withdrawal, Strait of Hormuz closure after US attack

  • Politics
  • 22 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli army vehicles are seen during an invasion in the West Bank city of Jenin, Tuesday, March 11, 2025
Politics

Israeli military faces key weaponry shortages: NBC News

Rutte raises eyebrows by calling Trump 'the Daddy' at NATO summit
Politics

Rutte causes stir calling Trump 'Daddy' at NATO summit

Tedros Adhanom Ghebreyesus, the WHO Director General, delivers his speech after inaugurating the WHO Academy campus which promotes lifelong learning across the health sector, Tuesday, Dec. 17, 2024 (AP)
Politics

Over 40, including children, killed in Sudan hospital attack: WHO

Trump and Hegseth cast doubt on damage to Iran’s nuclear sites
Politics

Trump, Hegseth admit inconclusivity over Iran nuclear damage

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS