World Economic Forum

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.

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.

Friday, 24 January, 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

Suu Kyi voicing impossible dream to be president put leaders on spot

Aung San Suu Kyi. Photo: EPA

Most politicians coyly deny they want to lead their country until the last possible minute, but Myanmar's opposition leader, Nobel laureate Aung San Suu Kyi, dispensed with the usual pleasantries and announced unequivocally her desire to be president two years before the 2015 poll.

8 Jun 2013 - 3:19am

Americans ill-served by the blinkered view of US dominance

Americans ill-served by the blinkered view of US dominance

The time has come to think the unthinkable: the era of American dominance in international affairs may well be coming to an end. As that moment approaches, the main question will be how well the US is prepared for it.

29 May 2013 - 6:16am 12 comments

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

Make way, not war

Chinese central bank official Yi Gang says the quantitative easing in developed countries is creating uncertainty. Photo: Bloomberg

China's foreign-exchange regulator urged Group of 20 nations to improve collaboration to avoid any so-called currency wars while signalling he is comfortable with the value of the yuan.

29 Jan 2013 - 4:56am

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

Soros says euro here to stay but tense time ahead

George Soros, chairman of Soros Fund Management, says the acute phase of the euro's turmoil is over. Photo: Reuters

George Soros, one of the most outspoken critics of Germany's proposed austerity policies to solve the European debt crisis, said the euro was here to stay and would gain as other nations tried to devalue their currencies.

26 Jan 2013 - 4:36am

David Cameron says Britain rejects tighter EU bond

British Prime Minister David Cameron.

British Prime Minister David Cameron told European leaders yesterday that any attempt to force countries into ever-deeper political union was a mistake that Britain would not be part of.

25 Jan 2013 - 3:05am

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

Hong Kong ranked world's top financial centre for second year

Hong Kong is ranked first in banking financial services. Photo: EPA

Hong Kong has topped the World Economic Forum’s (WEF) Financial Development Index for the second consecutive year, topping the index ratings for the breadth, depth and efficiency of the world’s leading financial centres.

29 Aug 2013 - 4:13am

Hong Kong again takes world top spot in financial rankings

The World Economic Forum has given Hong Kong the best marks in its Financial Development Index for a second year running. Photo: Reuters

Hong Kong has been named the world's top financial centre for the second year running by the World Economic Forum.

The independent organisation gave the city top spot again because of its solid business infrastructure, abundant human capital and low-tax environment.

1 Nov 2012 - 4:48am

Investors await specific steps to bolster growth

After the initial excitement spurred by Premier Wen Jiabao's pledge of fiscal support abates, investors may want to see more concrete steps from the government before they are convinced about an economic rebound.

8 May 2015 - 9:46am