• Thu
  • Dec 25, 2014
  • Updated: 10:28am

Davos

The World Economic Forum (WEF) is a Swiss non-profit foundation that is best known for its annual meeting in Davos, an alpine resort. The meeting brings together 2,500 business leaders, politicians, intellectuals and journalists to discuss the issues of the day. The gathering is often simply termed “Davos”, a reference to its venue.

Inequality is becoming a very dirty word among the world's economic elite

Luxury wristwatches on show at the Geneva watch fair last week. Studies show the rich-poor divide is getting worse. Photo: Bloomberg

One of the main themes of last week's summit meeting of the rich and powerful elite of the world in Davos was "inequality". A better one - though perhaps too close to the mark for those attending - would have been why the elite, both in business and in politics, are failing the world, economically and politically.

Thursday, 30 January, 2014, 4:36am

At Davos, fear of economic hard landing for China, and Japan enmity

Nouriel Roubini

The risk of a hard landing for China's economy and the threat of military conflict with Japan were among the top concerns for experts gathered at the World Economic Forum in Davos.

26 Jan 2014 - 5:29am 1 comment

Wang Yi rejects Shinzo Abe's China-Japan first world war comparison

Wang Yi offered to negotiate with Japan in Davos. Photo: EPA

Chinese Foreign Minister Wang Yi hit back at Japan's prime minister over a claim that current tensions in East Asia are akin to those between Britain and Germany on the eve of the first world war.

26 Jan 2014 - 5:22am 3 comments

Britain and West can bring jobs, factories back from Asia, Cameron to say at Davos

If David Cameron has his way, perhaps replicas of a royal engagement ring will be made in British rather than Chinese factories. Photo: AFP

British Prime Minister David Cameron will use a speech at Davos on Friday to say Britain and the West have an opportunity to boost their economic fortunes by luring back jobs and factories from Asia, a trend he says is already under way.

24 Jan 2014 - 3:26pm

At Davos, a Japanese bull in a China shop

At Davos, a Japanese bull in a China shop

Japanese Prime Minister Shinzo Abe went to Davos to tell the world's business elite that Japan is back and is open for business. But on the way he tripped himself up and - yet again - opened old sores concerning Japan's troubled relations with China.

25 Jan 2014 - 4:26am 19 comments

Bloodied Syria, resurgent Iran set to dominate at Davos

Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), addresses a press conference at the WEF headquarters in Geneva. Photo: Xinhua

The bloody civil war in Syria and Iran’s efforts to come in from the diplomatic cold will drive the agenda next week as world leaders, business chiefs and celebrities gather in the swanky Swiss ski resort of Davos.

19 Jan 2014 - 12:47pm

How they see it, February 3, 2013

A pannel session during the 43rd Annual Meeting of the World Economic Forum in Davos, Switzerland. Photo: EPA

Davos forum and the world economy

3 Feb 2013 - 6:39am

Cohorts of pussyfooters tiptoe around extravagance curbs

Still No 1: Gina Rinehart

We see that Communist Party chief Xi Jinping has reiterated his call for a curb on official banquets and has called on all government agencies to tone down official receptions to end extravagance and to follow the fine Chinese tradition of "being diligent and thrifty".

1 Feb 2013 - 5:23am 1 comment

Japan policy sparks Davos fears of ‘currency war’

Bank of Japan Governor Masaaki Shirakawa (left) and Finance Minister Taro Aso in Tokyo. Photo: EPA

Japan’s controversial new economic policy emerged as one of the hot topics at this year’s Davos forum, with talk of currency wars and strong rebuttals from Japanese officials.

The new government in Tokyo, led by Shinzo Abe, has pushed the Bank of Japan (BOJ) to step up efforts to battle nearly two decades of deflation and sluggish growth in the world’s third-largest economy.

29 Aug 2013 - 4:13am

Global stocks rise as financial risks dissipate

Trader William Lawrence works on the floor of the New York Stock Exchange. Photo: AP

Global financial risks dissipated last year as fears faded that the euro currency would collapse and China’s economy avoided the sharp slowdown that many had feared. That’s made investors more optimistic, boosting stock markets around the world.

26 Jan 2013 - 9:37am

Africa moving beyond ’risky’ reputation, leaders tell Davos

Rwanda is enjoying one of the fastest growth rates in Africa, and President Paul Kagame says the continent’s leadership need to take ownership of problems. African leaders at the World Economic Forum in Davos are seeking to persuade investors that Africa has changed and is no longer a high-risk investment. Photo: AFP

With growth rates to rival Asia and vast untapped potential, Africa has moved beyond its reputation as a risky place to do business, according to leaders from the continent as they seek to encourage more investment.

24 Jan 2013 - 11:35am

Big banks fail to regain trust of the public

Canary Wharf in London is home to HSBC, Citigroup and Barclays, three of the big global banks suffering a slump in trust. Photo: Bloomberg

Leaders of the world's biggest banks, from Citigroup's Vikram Pandit to Barclays' Bob Diamond, have failed to honour promises made in Davos to restore trust in their industry after the financial crisis.

24 Jan 2013 - 4:58am

Swiss troops prepared for anything at the World Economic Forum in Davos

Members of Swiss special police forces stand on the roof of the Congress Hall of the World Economic Forum in Davos. Photo: Reuters

Davos is on a war footing.

As snipers fan out over the rooftops of the Alpine resort and the Swiss army rolls kilometres of barbed wire through the town, officers have more than the security of delegates in mind.

They are also using the experience of protecting the World Economic Forum to prepare for a worst-case scenario: chaos sparked by a collapse of the euro.

24 Jan 2013 - 5:57am

CEOs less gloomy on economy, but less confident of growth: PwC Survey

Dennis Nally, Chairman of PricewaterhouseCoopers. Photo: AP

Top business leaders are less gloomy about the prospects for the global economy than last year but are hardly brimming with confidence, according to a major survey released on the eve of the Davos forum.

24 Jan 2013 - 4:21am

Talking points

Davos brings world's elite together

Davos brings world's elite together

23 Jan 2013 - 1:51am

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