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The Latest Breaking News from Davos

Swiss firm to invest in ₹1,000-cr. rail coach factory and Ferring Pharma to set up second manufacturing unit in Hyderabad

The Hindu

Ukraine war weighs heavy as apocalyptic mood shrouds Davos

From a warning of third world war to global stagflation or depression, gathering is unsurprisingly sombre

The Guardian - UK

India puts 'new reality' on display with Davos street show

Bright colours and bold logos proudly signal where India has set up base on the main street in Davos this year, as the country trumpets its pro-business and foreign investment drive.

Reuters

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Davos 2022: EU's Gentiloni 'confident' deal can be reached on Russian oil embargo

The war in Ukraine and its impact on the global economy continue to dominate discussions at the World Economic Forum in Davos, Switzerland. Business Editor Kate Moody has been speaking with Paolo Gentiloni, EU Commissioner for the Economy, about Europe's ongoing efforts to wean itself off Russian energy.

France 24

Pfizer to offer all its drugs not-for-profit to 45 lower-income countries

Company launches ‘healthier world’ accord in Davos and speaks to other pharma firms about similar steps

The Guardian - UK

Davos gathering overshadowed by global economic worries

The risks to the global economy are leading to an increasingly gloomy view of the months ahead as corporate leaders, government officials and other VIPs gather at the World Economic Forum meeting in Davos, Switzerland

The Independent UK

Davos 2022: Will war in Ukraine derail international investment?

The war in Ukraine, supply chain problems, inflation, and labour shortages have been dominating the agenda at the World Economic Forum in Davos, where business and political leaders pitch investment and global collaborations. FRANCE 24 Business Editor Kate Moody has been speaking to Martin Shanahan, CEO of IDA Ireland, about…

France 24

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Davos updates | Pfizer offers low-cost drugs to poor nations

Pfizer says it will provide nearly two dozen products, including its top-selling COVID-19 vaccine and treatment, at not-for-profit prices in some of the world’s poorest countries

The Independent UK

Davos 2022: IMF chief Georgieva urges action on food crisis

The world is facing its worst food crisis in history. Millions of tonnes of wheat are stuck in Ukraine, worsening an already precarious situation for many countries that depend on exports from the region. IMF Managing Director Kristalina Georgieva tells FRANCE 24 Business Editor Kate Moody that only "very strong…

France 24

Davos day 3: WTO says food crisis could last two more years without Ukrainian safe corridors – as it happened

Rolling coverage of the day 3 of the World Economic Forum

The Guardian - UK

'Are You Serious?' Alibaba Exec Draws Flak Over Highlighting New Tech To Track What Individuals Are Eating, Where They Are Traveling

An Alibaba Group Holding Ltd. (NYSE: BABA) executive faced flak after his individual carbon footprint tracker comments at the World Economic Forum (WEF) summit in Davos, Switzerland.

Benzinga

Nato ‘doing literally nothing’ to stop Russia, says Kyiv – as it happened

This live blog is now closed, you can find our latest coverage of the Russia-Ukraine war here

The Guardian - AU

Psyched: Medical Psychedelics In Davos, Canadian Sen Does Psychedelics, Ei.Ventures & Mycotopia To Merge Into $383M Company

Medical Psychedelics have made it into Davos, just in time for the World Economic Forum.

Benzinga

Ukraine invasion may be start of third world war and ‘civilisation may not survive it,’ says Soros

The 91-year-old financier told Davos that Western countries must defeat Vladimir Putin’s forces to preserve free society

The Independent UK

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France 24

Cambodian minister ‘believes’ full reconciliation with US to come

FRANCE 24 interviewed Kao Kim Hourn, Cambodia's minister delegate to Prime Minister Hun Sen, from the World Economic Forum in Davos. Hourn said he believes a full reconciliation with the US will occur. He affirmed that no Chinese military base has been established in Cambodia, and said that China does…

Asharq Al-Awsat

L’Oreal CEO Says No Inflation Impact So Far on Beauty Product Consumption

French cosmetics group L'Oreal is not so far seeing any impact from inflation on purchases of beauty products, its chief executive told Reuters on Tuesday. "So far we see no impact of inflation and price impacts on consumers' beauty consumption," L'Oreal CEO Nicolas Hieronimus said after speaking on a panel…

The Hindu

Andhra Pradesh CM Jagan meets industry captains, meets Arcelor steel Chairman Aditya Mittal

DAVOS

Reuters

Food crisis fuels fears of protectionism compounding shortages

A growing world food crisis is precipitating protectionist moves by countries which are likely to compound the problem and could lead to a wider trade war, business leaders and policymakers at the World Economic Forum said.

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news in one place.

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Asharq Al-Awsat

US Climate Envoy Kerry Says Ukraine War No Excuse to Let Up on Climate Fight

The US climate envoy John Kerry told the World Economic Forum (WEF) on Tuesday that the global energy crisis wrought by the war in Ukraine should not deepen the world's dependence on fossil fuels causing climate change. "There has to be a resupply to Europe of gas that has been…

The Hindu

KTR hardsells Telangana at Davos

Meets top honchos of tech and pharma companies

The Hindu

Andhra Pradesh CM bats for decarbonised economy in Davos

Jagan invites global players to tap State’s potential of producing green energy

Irish Mirror

Micheal Martin and Leo Varadkar slammed for jetting off to Davos to 'party' at World Economic Forum

'The decisions made in Davos are not made in the interests of ordinary people'

The Hindu

Piyush Goyal bats for local supply chains at Davos

Commerce Minister expresses concern over ‘excessive dependence’ on international supply chains at WEF

Asharq Al-Awsat

EU’s von Der Leyen Says Russia Is Using Food Supplies as a Weapon

Russia is using food supplies as a weapon with global repercussions, acting the same way as it does in the energy sector, European Commission President Ursula von der Leyen said on Tuesday. Speaking at the annual World Economic Forum held in Davos, Switzerland, she said "global cooperation" was the "antidote…

The Guardian - UK

Nato head warns over risks of close economic ties with Russia and China

Jens Stoltenberg tells business leaders in Davos that values should matter more than profits

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