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The Latest Breaking News from World Economic Forum

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…

Asharq Al-Awsat

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.

Reuters

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'

Irish Mirror

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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

The Guardian - UK

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.

Asharq Al-Awsat

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.

Reuters

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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

The Independent UK

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…

France 24

Davos updates | Climate top of the agenda amid key speeches

The World Economic Forum’s annual gathering is resuming for a second day, with business leaders, government officials, representatives from global institutions and journalists gearing up for more panel talks and networking at the exclusive meeting in the Swiss Alps

The Independent UK

Davos 2022: Businesses face post-pandemic labour shortage

While most advanced economies are recovering from the worst effects of the pandemic, labour markets are facing a new and unexpected challenge: a shortage of workers. It's one of the issues business leaders are discussing at the World Economic Forum in Davos, Switzerland. Christophe Catoir, President of Adecco, tells FRANCE…

France 24

Saudi Finance Minister Expects 7.4% Growth in 2022

Saudi Finance Minister Mohammed al-Jadaan announced that the Kingdom expects a 7.4 percent growth in 2022. Speaking at a panel on the economic outlook for the MENA region at the World Economic Forum in Davos (WEF), Jadaan explained that Saudi oil GDP would grow 19 percent this year due to…

Asharq Al-Awsat

Davos 2022: International community 'must do more' on food, energy crises

The 2022 edition of the World Economic Forum is largely focused on Russia's war in Ukraine and its implications for the global economy. As food and fuel prices soar and shortages loom, the head of the UN Development Program, Achim Steiner, tells FRANCE 24's Business Editor Kate Moody that the…

France 24

Exclusive: Davos Photo Used by U.S. Congressman to Criticize China Didn’t Show Anyone Chinese

Figures accused of not standing up during an ovation for the Ukrainian president’s speech at the World Economic Forum were actually from the Vietnamese delegation

Caixin Global

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Reuters

South Korea to call at Davos for COVID aid for North - envoy

South Korea will issue a call this week at the World Economic Forum for COVID-19 vaccines and other medical help for North Korea, even if that means exemptions from U.N. sanctions imposed over its nuclear programme, a senior official said on Tuesday.

The Guardian - UK

Davos day two: Global tax deal delayed; Von der Leyen on Russian food ‘blackmail’ – as it happened

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

Caixin Global

Opinion: Three Ways Tech Innovation Can Help Us Meet Climate Goals

Reaching net zero will require rapid scaling up of existing clean energy solutions, developing new ways to make and store clean energy, and exploring ways to reverse historical emissions

The Guardian - AU

Battles being fought in eastern Ukraine could determine the country’s fate, Ukraine’s defence ministry spokesperson says – as it happened

This live blog is now closed, you can find our latest coverage of the Russia-Ukraine war here

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Reuters

Ukraine can win war, Hollywood's Liev Schreiber says in Davos

Ukraine can win the war against Russia but it will be a long fight and the conflict must not be allowed to fade out of the news, Hollywood actor Liev Schreiber said on Monday in Davos.

The Guardian - UK

Russia-Ukraine war: what we know on day 90 of the invasion

A veteran Russian diplomat has resigned over his country’s invasion of Ukraine as a Kyiv court sentences a Russian soldier to life in prison

WEKU

Russia-Ukraine war: What happened today (May 23)

A roundup of key developments and the latest in-depth coverage of Russia's invasion of Ukraine.

Reuters

Ukraine's Zelenskiy says he would meet with Putin to end the war

Ukrainian President Volodymyr Zelenskiy said on Monday that President Vladimir Putin was the only Russian official he was willing to meet with to discuss how to end the war.

The Independent UK

Osama Bin Laden’s niece defends ‘ultra MAGA movement’ on Steve Bannon’s podcast

The niece of the 9/11 mastermind also went on to call the 2020 election ‘stolen’

Reuters

What you need to know about Davos on Monday

The World Economic Forum returned to Davos on Monday with a unique spring gathering. Here is what you need to know about Day 1:

Asharq Al-Awsat

Ukraine Can Win War, Hollywood’s Liev Schreiber Says in Davos

Ukraine can win the war against Russia but it will be a long fight and the conflict must not be allowed to fade out of the news, Hollywood actor Liev Schreiber said on Monday in Davos. "It's overwhelming how resilient the Ukrainian people are," Schreiber, whose grandfather was of Ukrainian…

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