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- [00:02]
A
The Greenland dispute overshadows the World Economic Forum in Davos. Live from the uk, this is the Marketplace Morning report. From the BBC World Service, I'm William Lee Adams. Good morning. It's day two of this year's Davos conference. While President Trump is due to speak at the Swiss resort on Wednesday, his pronouncements over Greenland are already weighing heavily on the agenda. European leaders have continued to push back on potential tariffs for countries opposing U.S. ownership of the island, with European Commission President Ursula calling it a mistake. But despite the threats, Gary Cohn, a former senior economic adviser to Donald Trump, says Greenland will stay. Greenland. He's been speaking to the BBC's Faisal Islam.
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President Trump's extraordinary attempt to project military and economic power over NATO allies towers like the Swiss Alps. Over this year's gathering in Davos, BBC News was told of a meeting between America's business and political elite where concerns about Mr. Trump's designs on Greenland were were expressed clearly. One participant, Gary Cohn, now a tech titan for IBM, gave candid detail.
- [01:09]
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You know, the administration is running down a path, and I think they may have various different motives for what they're doing. I think Greenland will be happy to have us have a larger military presence there, but I think, you know, invading a country that doesn't want to be invaded, that's part of a militaristic alliance. NATO seems to me to be a little bit over the edge at this.
- [01:32]
B
Point, with President Trump's treasury secretary warning Europe not to retaliate. But tariff wars in the air, concerns are returning about the world economy and inflation, as well as radical instability. All this, and it's only day two of Davos. Day three brings President Trump himself.
- [01:50]
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Faisal Islam reporting the threat of additional tariffs is already starting to unsettle businesses. Duncan Edwards is the chief executive of the trade body British American. He says there's still time to avoid more trade disruption.
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Having lived through the tariffs that were introduced last year and just about reached a position of stability, albeit one that is worse than what went before. To have the threat of new tariffs suddenly coming as a New Year's present is extremely unhelpful. I personally think we still have a very good chance that this doesn't happen. It feels like Trump is exerting maximum pressure to bring negotiat negotiations about, and it's a long time until February 1st when these are set to be introduced.
- [02:39]
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Duncan Edwards from British American business there this morning. U.S. treasury Secretary Scott Besant told reporters in Davos that the worst thing that European states could do would be to escalate the row by imposing retaliatory tariffs. Okay, let's do the numbers. Those tariff threats continue to pressure European markets. The pan European Stoxx 600 fell 0.7% a day after its sharpest int decline in two months. Elsewhere, French carmaker Renault said that sales rose 3.2% last year, driven by deliveries outside of Europe. Japan's Minister for Tourism Yasushi Kaneko says more than 42 million foreign visitors came to the country last year, setting a new record. However, in the last few months of the year, the number of Chinese tourists fell sharply. As Mr. Kaneko explained.
- [03:30]
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The number of visitors from China in December decreased by around 45% compared to the same the previous year. However, the total number of visitors from all countries and regions increased year on year for December, reaching a record high of approximately 3.6 million.
- [03:47]
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Japan's tourism Minister, Yasushi Kaneko, you'll probably have heard of ghosting in the world of dating, but the same trend is now happening in the jobs market, with some employers failing to respond to candidates or posting roles that don't even exist. The BBC's Megan Lawton has more When.
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Eric Thompson was made redundant from his tech job in Washington, D.C. he expected the hunt for a new role to be tough, but he didn't anticipate being.
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Ghosted through November and December. I did the job hunt thing, looking for everything under the sun, applying for as many positions. I kept finding more and more jobs that just weren't responsive.
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The experience prompted Eric to create a support group who are now calling for new US laws to stop ghost jobs, essentially job postings that are misleading or never intended to be filled. His proposed Truth in Job Advertising act would require expiration dates, proof a role is legitimate, and penalties for employers who aren't transparent in the uk. Eilish, who works in marketing and was made redundant last year, says she's faced similar issues.
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I've been ghosted by small businesses and I've also been ghosted by big corporations.
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Hiring platform Greenhouse estimates a third of postings in the UK show signs of being ghost jobs. Eilish explained she was once offered an interview but didn't ever hear back from the hiring manager.
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It does just knock you down when you've built your confidence back up with the potential of an interview to then be completely left in the dark.
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Career coach and recruitment expert Dr. Jasmine Escalera, who is based in Miami, has surveyed hiring managers on why they offer ghost roles. They might be posting these positions to actually create a talent pool, but they also could potentially be inflating numbers. She's concerned ghost jobs may be misleading. The data that governments rely on, we.
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Use this data to develop policy.
- [05:49]
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And so if that data is somehow skewed, then we're not really able to create the policies or the support that job seekers and employees need right now. In Canada, some politicians are taking action. From January, employers in Ontario with at least 25 staff must up update candidates within 45 days of an interview and state whether a job is genuinely being filled. Here's Toronto based employment lawyer Deborah Hudson.
- [06:15]
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My cynical side, just because I've been doing this for almost 20 years, says like, how are they actually going to monitor and regulate this? I don't think that the government has resources to be having investigations on what's happening or not. However, if people see an issue, they make a complaint and it will be looked into.
- [06:31]
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Until measures come into place, career experts suggest job seekers should watch for red flags, roles reposted again and again, again, or listings left open for months. In Toronto, I'm the BBC's Megan Lawton for Marketplace.
- [06:45]
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And in the UK I'm William Lee Adams with the Marketplace Morning Report.
- [06:51]
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Hey, it's David Brancaccio, host of the Marketplace Morning Report. It has been one year since the costliest set of wildfires in California history, U.S. history, and by at least one calculation, the history of the world. 16,000 structures were destroyed, most of them homes. I can quote you figures about insured versus uninsured losses measured in billions. But as people in the fire zones face year two, we go from macro to micro. I'm checking in with the neighbors on one street in Altadena where 15 homes were destroyed on a single block. These are my own neighbors. I lost a home on that street, too. Join us for on the ground reporting as we hear from people still dealing with insurance, getting permits, finding contractors. One guy had to go through 30 contractors to find one with the right skills he could afford. Plus, for most, rebuilding is taking years. How do people find the money to live elsewhere? Listen to the Marketplace Morning Report using your favorite podcast.
- [07:50]
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Apparently.