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The Latest Breaking News from Davos

CM Basavaraj Bommai extends Davos trip, to meet more biz heads

BENGALURU: Chief minister Basavaraj Bommai has extended his stay by a day at the World Economic Forum in Davos, Switzerland, to “attend unscheduled business-to-business meetings” and will now return to Bengaluru on Friday. Bommai was originally scheduled to return on Thursday.

The Times of India

World Economic Forum: Elites descend but does Davos still have clout?

It’s a playground of power, privilege and blue-sky thinkers — but with the world in turmoil, it wasn’t quite business as usual when the 0.1 per cent met in the mountains this week. By Anne McElvoy

Evening Standard

What hope is there for diplomacy in ending the Russia-Ukraine war?

Analysis: Western leaders are divided on arming Ukraine, oil embargoes and whether Kyiv will have to accept territory loss

The Guardian - UK

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Ukraine dominates Davos agenda

Some Davos participants worried the war is not only exacerbating other challenges, but taking attention away from them.

Axios

Andhra Pradesh govt signs Rs 1.25L crore worth MoUs in Davos

AMARAVATI: Chief minister YS Jagan Mohan Reddy’s maiden visit to Davos to attend the World Economic Forum conference has turned out to be a major success as the state government has signed MoUs for investments to the tune of 1.25 lakh crore.

The Times of India

Hyundai to invest ₹1,400 crore in Telangana

Several MoU signed at Davos

The Hindu

Leo Varadkar defends Davos trip saying he flew commercial and stayed in four star hotel

Mr Varadkar and the Taoiseach, who is currently in Davos, have faced criticism from some disgruntled TDs over the cost of the trip

Irish Mirror

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Davos 2022: IMF chief says food export bans 'only making crisis worse'

This year's World Economic Forum in Davos has been dominated by the war in Ukraine and its implications on the global economy. With the drop in grain exports from the region, concern is growing over a looming food crisis. FRANCE 24's Business Editor Kate Moody spoke to IMF Managing Director…

France 24

The 4-day workweek is starting to look good to the Davos elite

Still, advocates concede that various challenges still need to be navigated in order to achieve wide-scale adoption of the four-day workweek.

Fortune

At Davos, climate activists say major issues ignored

Climate activists are reflecting on discussions during this week's World Economic Forum in Davos, Switzerland

The Independent UK

Globalization's cheerleaders grasp for new buzzwords at Davos

World leaders, financiers and chief executives said they were leaving this week's World Economic Forum with an urgent sense of the need to reboot and redefine 'globalization'.

Reuters

Davos Voices: What leaders say about climate change, war

The World Economic Forum’s annual gathering of CEOs, government leaders and other elites this week in the Swiss town of Davos may seem full of important but impersonal announcements

The Independent UK

Back to snow: World Economic Forum reverts to January for 2023

The World Economic Forum will revert to January for its 2023 annual meeting in the Swiss ski resort of Davos after moving to the spring for the first time due to the coronavirus pandemic.

Reuters

Davos 2022: 'Europe wrongly relied on Russian gas for years,' IEA chief says

As the World Economic Forum in Davos draws to a close, Business Editor Kate Moody gives us an update on the final day's agenda. The war in Ukraine and global food and energy security dominated discussions throughout the event. The head of the International Energy Agency (IEA), Fatih Birol, has…

France 24

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France 24

Davos 2022: EBRD chief warns of risk of 'food crisis' amid war in Ukraine

Our Business Editor Kate Moody has been speaking to the head of the European Bank for Reconstruction and Development (EBRD) at the World Economic Forum in Davos. EBRD head Odile Renaud-Basso explained how the institution, which was already present in Ukraine before the Russian invasion, has been "shifting" its support…

France 24

Davos 2022: Volkswagen CEO warns of cost from 'long-lasting' war in Ukraine

The agenda of the World Economic Forum in Davos has been dominated by the war in Ukraine and its implications for the global economy and supply chains. Volkswagen CEO Herbert Diess spoke to our Business Editor Kate Moody on the sidelines of the event. He warned that a "long-lasting" war…

Asharq Al-Awsat

Pfizer Offers to Sell Medicines at Cost to Poorest Countries

US pharmaceutical giant Pfizer on Wednesday said it would sell its patented drugs on a not-for-profit basis to the world's poorest countries, as part of a new initiative announced at the World Economic Forum in Davos. "The time is now to begin closing this gap" between people with access to…

The Independent UK

Davos updates | German chancellor to give final big speech

German Chancellor Olaf Scholz is wrapping up the World Economic Forum’s annual meeting with a speech in Davos

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The Independent UK

Davos meeting gabfest to wrap up with German leader

After days of discussions about Russia’s war in Ukraine, climate change and other hot-button global issues, the World Economic Forum’s annual meeting in Davos is set to conclude with a speech by German Chancellor Olaf Scholz

The Guardian - AU

Ukraine pleads for more weapons to tackle Russian onslaught in Donbas

Bombardment continues in 40 towns including the key city of Sievierodonetsk as police in Lysychansk collect bodies for mass burials

The Guardian - UK

Davos day 4: Olaf Scholz condemns invasion of Ukraine and urges global cooperation on threats – as it happened

Rolling coverage of the final day of the World Economic Forum in Davos

Reuters

Bhutto scion rejects Khan allegations, rebuilds ties with West at Davos

(Adds dropped letter, paragraph 14)

The Hindu

In Davos, Piyush Goyal defends India’s wheat export ban

The Commerce Minister says 22 European countries have regulation on exports for food security

The Hindu

Rich haul for Telangana at Davos

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

The Guardian - UK

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

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