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The Latest Breaking News from World Economic Forum

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

Ukraine will fight until it recovers all its territory, says Volodymyr Zelensky

Ukraine will continue fighting until it has recovered all of its territory, its president Volodymyr Zelensky has vowed.

Evening Standard

UAE Launches ‘Markets of Tomorrow’ Initiative

The UAE government has launched the "Markets of Tomorrow" initiative, in partnership with the World Economic Forum (WEF). The initiative aims to develop new business accelerators that will prepare the UAE's national economy to embrace business activities focused on the new economy and boost its readiness to enter tomorrow's markets,…

Asharq Al-Awsat

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Pfizer offers to sell medicines at cost to poorest countries

Davos (Switzerland) (AFP) - 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.

AFP

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

Pfizer offers to sell medicines at cost to world's poorest countries

Washington (AFP) - US pharmaceutical giant Pfizer on Wednesday said it would sell its patented drugs at 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.

AFP

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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

Shanghai Composite Index Rose 1.19% on Wednesday

Shenzhen Component Index closed up 0.7%

Caixin Global

Ukraine's Zelenskiy says will only talk directly to Russia's Putin

Ukrainian President Volodymyr Zelenskiy said on Wednesday that he was only willing to talk directly to Vladimir Putin and not via intermediators.

Reuters

Saudi FM Says 'Not Enough Progress' Made at Talks with Iran

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah revealed on Tuesday that "some" progress has been made in talks with Iran, but it was "not enough." "Our hands are stretched out," he told a World Economic Forum panel on security in the Middle East. Joining Prince Faisal on the…

Asharq Al-Awsat

Ukraine conflict could spiral into World War III ending civilisation, warns George Soros

Billionaire investor and philanthropist George Soros thinks the war in Ukraine may eventually trigger World War III and have devastating consequences for Europe and beyond

Daily Mirror

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

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…

France 24

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The Guardian - UK

Ukraine invasion may be start of ‘third world war’, says George Soros

Veteran philanthropist tells World Economic Forum civilisation ‘may not survive’ what is coming

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…

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.

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'

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AFP

'Hulk' star Ruffalo joins call for global wealth tax

Davos (Switzerland) (AFP) - US actor Mark Ruffalo on Tuesday joined a call by over 150 wealthy people for governments to tax them more, as global elites and policymakers met at the World Economic Forum in Swiss resort Davos.

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

Asharq Al-Awsat

Finland, Sweden to Send Teams to Turkey to Discuss NATO Bids, Haavisto Says

Finland and Sweden will send delegations to Ankara on Wednesday to try to resolve Turkish opposition to their applications for membership of the NATO military alliance, Finnish Foreign Minister Pekka Haavisto said on Tuesday. "We are sending our delegations to visit Ankara, actually both Sweden and Finland.

Reuters

U.S. climate envoy Kerry says Ukraine war no excuse to let up on climate fight

The U.S. 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.

Reuters

Don't trade your security for economic profits, NATO tells countries

Western countries must not trade their security for economic profits, NATO Secretary-General Jens Stoltenberg warned on Tuesday, referring to the debate over the use of Chinese technology in 5G networks and the Nord Stream 2 construction.

The Independent UK

Davos climate focus: Can 'going green' mean oil and gas?

Government and corporate leaders at the World Economic Forum are debating whether oil and gas companies can or should be part of the future transition to renewable energies such as wind and solar

France 24

Davos 2022: What role for cryptocurrencies?

The war in Ukraine, inflation, plus food and energy insecurity continue to dominate the World Economic Forum in Davos. But participants are also discussing issues like climate change and digital development. FRANCE 24 Business Editor Kate Moody has been speaking to the head of the Crypto Council for Innovation, Sheila…

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