El Niño’s Return & Economists on the Strait of Hormuz Crisis | WEF | Top Stories of the Week

Source: World Economic Forum (video statements)

This week’s top stories of the week include:

00:14 – Industrial waste used for wind turbine bases: Concrete is the planet’s most widely used resource after water – responsible for up to 8% of #CO2 emissions. To make cement, a key component of concrete responsible for the majority of its emissions, producers have to burn virgin limestone in kilns at high temperatures using fossil fuels. But Cemvision is pioneering a new cement called Re-Ment, which uses waste products from industry, fired at much lower temperatures in kilns powered by renewables.
Swedish energy giant Vattenfall has signed a deal with Cemvision to use the low-impact #cement in its renewable energy infrastructure.

01:31 – Economists on the Strait of Hormuz Crisis: When conflict closed the Strait of #Hormuz in late February, the planet lost a waterway that carries around 20% of its oil and gas trade. But what is the economic fallout likely to be? This is one of the key talking points in the latest Chief Economists’ Outlook, a World Economic Forum report that polls the expectations of some of the planet’s leading chief #economists. Here, Forum Insight Lead Philipp Grosskurth talks through its findings, from #growth forecasts to the impact of AI to the best environments to do business in 2026.

04:25 – El Niño is returning: what to expect: Scientists have spotted signs of an unusually powerful El Niño, which could form as early as this month. El Niño is a natural #climate pattern that occurs every 2-7 years. It can trigger flooding in South America and the US, and #drought and wildfires in southern Asia and Australia.

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This company is tackling isolation and burnout among medics in Ukraine

Source: World Economic Forum (video statements)

War in #Ukraine is isolating doctors from one another, leading to burnout and self-doubt. Many physicians are working under immense pressure, cut off from colleagues they could lean on for support. This has had negative impacts on their mental health – and on patients.

US firm Northwell Health has developed a countrywide #telehealth system that helps to bridge these gaps. It enables #doctors to connect with fellow specialists at Northwell, so they don’t feel they need to take crucial medical decisions in isolation. It also offers free counselling, workshops and an emotional-support hotline. Here, Northwell Health Vice-President Eric Cioè-Peña explains how it works – and how the benefits are being felt on the front lines, too.

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Chief Economists Outlook: counting the cost of the Hormuz crisis, with Maersk’s Ilaria Maselli

Source: World Economic Forum (video statements)

As the World Economic Forum published its latest Chief Economists Outlook, Maersk’s Head of Macro & Market Insights Ilaria Maselli gives her view on the state of the global economy.
The closure of the Strait of Hormuz, “the aorta of global fossil fuel trade”, is one of the “biggest crises” in the history of capitalism, with huge implications for economies around the world, Maselli says.
And we discuss how the impact of the Hormuz crisis compares to the shock that the COVID pandemic imposed on the world, in terms of economic growth and inflation.
Links:
Chief Economists Outlook May 2026: https://www.weforum.org/publications/chief-economists-outlook-may-2026
Previous editions: https://www.weforum.org/publications/series/chief-economists-outlook/
Related podcasts:
The Iran oil shock: will it force the world to re-think the future of energy?: https://www.weforum.org/podcasts/radio-davos/episodes/oil-shocks-hormuz-iran-columbia-energy-exchange-jason-bordoff/

The rise of industrial policy – why governments are back in the business of business: https://www.weforum.org/podcasts/radio-davos/episodes/industrial-policy-trade-choke-points/
"Everything has changed" – Gita Gopinath on the global economy in 2026: https://www.weforum.org/podcasts/radio-davos/episodes/gita-gopinath-global-economy-2026/
Chief Economists’ Outlook January 2026: reassuring resilience and a ‘good’ bubble?: https://www.weforum.org/podcasts/radio-davos/episodes/chief-economists-outlook-barclays-christian-keller/
Check out all our podcasts on wef.ch/podcasts:
YouTube: – https://www.youtube.com/@wef/podcasts
Radio Davos – subscribe: https://pod.link/1504682164
Meet the Leader – subscribe: https://pod.link/1534915560
Agenda Dialogues – subscribe: https://pod.link/1574956552

The World Economic Forum is the International Organization for Public-Private Cooperation. It provides a global, impartial and not-for-profit platform for meaningful connection between stakeholders to establish trust, and build initiatives for cooperation and progress.

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AI ‘workslop’ is a leadership problem. Here’s how to fix it

Source: World Economic Forum (video statements)

Workslop – low-quality work produced through poor human-AI collaboration – is wasting time, slowing teams down and limiting the productivity gains leaders expect from AI. But the problem isn’t always the technology – it’s often a signal to leaders that teams need more support. Workslop often reflects unclear standards, weak direction and poor feedback. In this episode, BetterUp CEO Alexi Robichaux explains why AI can amplify both good and bad leadership standards, and why leaders need to define what excellent work looks like before AI scales a team’s output. He also shares how AI coaching can help managers find ways to hone hard-to-improve soft skills, practicing difficult conversations, tricky performance reviews and tough feedback, all in a safe space before those moments happen with real teams.

Key takeaways in this episode:

• AI amplifies clarity or confusion. Set clear standards before AI scales your team’s work.
• Workslop is a leadership warning sign. Poor AI output can reveal unclear direction and weak feedback. It can be a sign teams need more guidance or support.
• Managers need practice. AI coaching can help leaders sharpen direction and rehearse how they give feedback or tackle difficult conversations.
• Rethink how you invest in people. AI investment is overwhelming planning conversations. But are you putting that diligence into how you develop your talent?

About this guest:
Website: https://www.betterup.com/
Research: The Hidden Cost of AI-Generated Busy Work: https://www.betterup.com/workslop
About this episode:
Transcript – Read here: https://www.weforum.org/podcasts/meet-the-leader/episodes/alexi-robichaux-ai-workslop-leadership-coaching

Related episodes:
How to Lead People Through AI Change: Questions to Ask from a Transformation Expert

Read here – transcript: https://tinyurl.com/ykk9r7hb
Listen here – Spotify: https://tinyurl.com/yc2azrwv
Watch here – Youtube: https://tinyurl.com/yyv24pvd
The Attention Crisis: How leaders can fix focus and happiness in an AI Era – psychologist Jonathan Haidt

Read here – transcript: https://tinyurl.com/yc45ccc3
Listen here – Spotify: https://tinyurl.com/3zyur7s5
Watch here – Youtube: https://www.youtube.com/watch?v=-bXp43TMMAI
Adam Grant: Future leaders won’t succeed without this key trait

Read here – Transcript: https://tinyurl.com/fbym95jy
Listen here – Spotify: https://tinyurl.com/ys2dtftj
Watch here – YouTube: https://www.youtube.com/watch?v=buVVIpttzUA

The World Economic Forum is the International Organization for Public-Private Cooperation. It provides a global, impartial and not-for-profit platform for meaningful connection between stakeholders to establish trust, and build initiatives for cooperation and progress.

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How to Lead People Through AI Change: Questions to Ask from a Transformation Expert

Source: World Economic Forum (video statements)

The World Economic Forum is the International Organization for Public-Private Cooperation. It provides a global, impartial and not-for-profit platform for meaningful connection between stakeholders to establish trust, and build initiatives for cooperation and progress.

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Three young leaders changing the world one step at a time

Source: World Economic Forum (video statements)

An Olympic runner who won his country’s first gold medal, an entrepreneur making cooking stoves safer and cleaner in Africa, and a campaigner for women’s economic and human rights.
What do all three have in common? They are among the new cohort of Young Global Leaders, a community of individuals working to solve some of the world’s big challenges.
Hosts:
Robin Pomeroy and Ida Jeng Christensen, Head of the Forum of Young Global Leaders
Guests:
Charlot Magayi, Founder and Chief Executive Officer, Mukuru Clean Stoves
Kirani James, Olympic Athlete
Trisha Shetty, Founder and Chief Executive Officer, SheSays
Links:
The Forum of Young Global Leaders: https://www.younggloballeaders.org/home
Report: Next Generation Leadership for a World in Transformation: https://www.weforum.org/publications/next-generation-leadership-for-a-world-in-transformation-driving-dialogue-and-action/
Mukuru Clean Stoves: https://mukurustoves.org/
Earthshot Prize: https://earthshotprize.org/winners-finalists/mukuru-clean-stoves/
Kirani James: https://www.kiranijames.com/
SheSays: https://weareshesays.com/
Related podcasts:
How leaders can fix focus and happiness in an AI Era: Psychologist Jonathan Haidt: https://www.weforum.org/podcasts/meet-the-leader/episodes/jonathan-haidt-happiness-focus-habits-ai/
What women’s sports reveals about building future leaders: Deloitte’s Lara Abrash: https://www.weforum.org/podcasts/meet-the-leader/episodes/womens-sports-leadership-skills-gender-gap/
Why one CEO sets ‘non-goals’ – and what ultramarathons taught him about focus and mental toughness: https://www.weforum.org/podcasts/meet-the-leader/episodes/nicholas-thompson-focus-running-ground/
Check out all our podcasts on wef.ch/podcasts:
YouTube: – https://www.youtube.com/@wef/podcasts
Radio Davos – subscribe: https://pod.link/1504682164
Meet the Leader – subscribe: https://pod.link/1534915560
Agenda Dialogues – subscribe: https://pod.link/1574956552

The World Economic Forum is the International Organization for Public-Private Cooperation. It provides a global, impartial and not-for-profit platform for meaningful connection between stakeholders to establish trust, and build initiatives for cooperation and progress.

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A ‘Super El Niño’ could be on its way. Here’s what that would look like

Source: World Economic Forum (video statements)

Scientists have spotted signs of an unusually powerful El Niño, which could form as early as this month.

El Niño is a natural #climate pattern that occurs every 2-7 years. It can trigger flooding in South America and the US, and #drought and wildfires in southern Asia and Australia.

The World Economic Forum is the International Organization for Public-Private Cooperation. It provides a global, impartial and not-for-profit platform for meaningful connection between stakeholders to establish trust, and build initiatives for cooperation and progress.

Find out more below:
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Why Europe’s Future Depends on Acting Together

Source: World Economic Forum (video statements)

Europe has the talent. The capital. The technology.

Yet for many Europeans, economic progress is no longer moving fast enough when it comes to incomes, opportunity, access to finance or innovation.

In a world of rising competition between major economies, Europe’s leaders are coming together to tackle what’s holding back higher prosperity and growth.

Because competitiveness isn’t just about economics. It shapes the everyday life of Europeans for decades to come – the jobs people can access, their incomes and size of their wealth, their access to critical infrastructure such as healthcare, affordable energy and transportation. It will decide which successful industries Europe builds and the opportunities future generations inherit.

This film brings together voices from business, policy and innovation to explore one question: not whether Europe can build a better future for its citizens – but how it can achieve results, together.

The Leaders for European Growth and Competitiveness community is helping turn dialogue into action by connecting the public and private sectors to address barriers and drive Europe’s next phase of growth.

Learn more about the community and join the conversation here: https://wef.ch/europeancompetitiveness

The World Economic Forum is the International Organization for Public-Private Cooperation. It provides a global, impartial and not-for-profit platform for meaningful connection between stakeholders to establish trust, and build initiatives for cooperation and progress.

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Cement produced using industrial waste will soon form wind turbine bases

Source: World Economic Forum (video statements)

Concrete is the planet’s most widely used resource after water – responsible for up to 8% of #CO2 emissions.

To make cement, a key component of concrete responsible for the majority of its emissions, producers have to burn virgin limestone in kilns at high temperatures using fossil fuels. But Cemvision is pioneering a new cement called Re-Ment, which uses waste products from industry, fired at much lower temperatures in kilns powered by renewables.

Together, these measures can cut the #carbon footprint of cement by up to 95% compared with conventional alternatives.

Swedish energy giant Vattenfall has signed a deal with Cemvision to use the low-impact #cement in its renewable energy infrastructure.

The World Economic Forum is the International Organization for Public-Private Cooperation. It provides a global, impartial and not-for-profit platform for meaningful connection between stakeholders to establish trust, and build initiatives for cooperation and progress.

Find out more below:
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Building a Space Station & Africa’s Digital Exclusion | WEF | Top Stories of the Week

Source: World Economic Forum (video statements)

This week’s top stories of the week include:

00:14 – How AI is getting new medicines to market: New #medicines are critical to fight disease, but there is a bottleneck in getting them to market. Benjamine Liu, CEO of Formation Bio, says a pinch point lies in knowledge work, patient recruitment and data handling – all areas where #AI can help, let companies run trials more efficiently, reducing the risk of a costly failure, and making savings that will eventually reach the patient. Here, he explains how.

03:37 – Building a space station from scratch: US company Vast aims to launch the world’s first commercial space station in early 2027. Its first crew will dock a few weeks later. The new space station is being designed with the crew’s needs in mind throughout, explains CEO Max Haot – from next-generation sleeping facilities to fast internet access.

06:09 – Africa’s digital exclusion: Kate Kallot, CEO of Amini, which builds data infrastructure in the Global South, explains why #Africa must defend its data sovereignty in the new global digital economy, and gives some practical steps governments can take.

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The World Economic Forum is the International Organization for Public-Private Cooperation. It provides a global, impartial and not-for-profit platform for meaningful connection between stakeholders to establish trust, and build initiatives for cooperation and progress.

Find out more below:
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