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Macron calls for global compact to harness globalization

DAVOS, Switzerland (Reuters) - French President Emmanuel Macron called at the World Economic Forum (WEF) in Davos on Wednesday for a “global compact” to harness the negative effects of globalization, warning against a race to the bottom on taxes and regulation.

Speaking a day before Donald Trump arrives at the annual gathering in the Swiss Alps, Macron did not mention the president by name, but joked about the heavy snowfall, saying it might lead some people to question climate change.

“Fortunately you didn’t invite anybody skeptical of global warming this year,” Macron said to WEF founder Klaus Schwab, on the stage with him.

Reporting by Noah Barkin and Yara Bayoumy