Pope Francis has called on the world's business elite, gathered at the World Economic Forum in Davos, to put their wealth at the service of humanity.

The Pope urged the participants to “ensure that humanity was served by wealth and not ruled by it”. 

World leaders, chief executives and global activists have been making their way to Davos amid signs of an upturn in the world economy, yet with growing concerns about income inequality and about grave instability in the Middle East.

Taoiseach Enda Kenny will travel to the Swiss resort later this evening.

Mr Kenny will take part in a debate on Thursday with the President of the European Commission Jose Manuel Barroso and the prime ministers of Sweden and Italy on European competitiveness. 

He is also expected to meet representatives from a number of multinational corporations including Facebook, Citi Group and Adobe.

U2 singer, Bono, Academy Award Winners Goldie Hawn and Matt Damon and musician Peter Gabriel are among the celebrities attending the forum.