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The Latest Breaking News from Davos

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…

Asharq Al-Awsat

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

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 Independent UK

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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 - AU

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

The Guardian - UK

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

(Adds dropped letter, paragraph 14)

Reuters

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

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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 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

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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The Independent UK

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

France 24

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…

The Guardian - UK

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

Benzinga

'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.

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The Guardian - AU

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

Benzinga

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.

The Independent UK

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

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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