Davos 2019: Citi hopes ‘reason prevails’ as Brexit heads down to the wire – live

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Rolling coverage of the first day of the World Economic Forum in Davos, including appearances from Brazil’s Jair Bolsonaro, Prince William, Sir David Attenborough and New Zealand PM Jacinda Ardern

David Miliband, president of the International Rescue Committee and the former Labour foreign secretary is speaking on a panel about “the humanitarian crises that will shape 2019”. He says the world is suffering from ‘a crisis of diplomacy’.

We’re seeing a retreat by the major global diplomatic players in a way that creates a vacuum in a way that we believe are contributors to the rising levels of violence and humanitarian tragedy that we see.

I’m here in Davos because I believe that at a time when governments are in retreat, NGOs and the corporate sector have to step up, and that’s what we’re hoping to see this week.

Citi’s CEO Mike Corbat also told Davos that he’s worried about the people caught up in the US government shutdown, and “the hardship” that is being created.

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