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The week-long meeting at Davos was dominated by debate on a new row between the US and Europe on subsidies for green energy transition, the growing debt distress in developing nations and abundant geopolitical risk around the planet

Davos: Outlook brighter than feared, fraught with risks

The year ahead looks better than feared for the global economy but remains fraught with risks including escalation of the conflict in Ukraine and the emergence of a transatlantic trade war, the World Economic Forum's final panel concluded.

Business • 23 Jan 23

Key takeaways from Davos 2023

Global leaders and business executives departed a freezing World Economic Forum (WEF) meeting today after a frank exchange of views over how the world will tackle its biggest issues in 2023.

Business • 20 Jan 23

Fossil fuel chiefs and renewable energy bosses sat cheek by jowl in Davos this week

Big oil comes in from the cold on energy at Davos

A different type of energy transition has taken place at this year's World Economic Forum (WEF) meeting in Davos.

Business • 20 Jan 23

Leo Varadkar and Keir Starmer discussed the Northern Ireland Protocol and expressed solidarity with the people of Ukraine

Taoiseach meets with UK Labour leader at Davos

Taoiseach Leo Varadkar has met with UK Labour leader Keir Starmer at the World Economic Forum in Davos.

World • 20 Jan 23

Kristalina Georgieva, the IMF's chief, is attending Davos 2023

IMF's Georgieva says outlook less bad than feared

International Monetary Fund (IMF) Managing Director Kristalina Georgieva said today that the economic outlook was less bad than feared a couple of months ago.

Business • 20 Jan 23

Ngozi Okonjo-Iweala, director-general of the World Trade Organization (WTO), at Davos

Global trade rethink - 'race of the big pockets'?

The US pitched its vision of "worker-centric" trade. China promised an "all-round opening up". Europe spoke of its quest for strategic autonomy. And industrial policy - backed with lots of state cash - is no longer a dirty word.

Business • 20 Jan 23

Labour leader Keir Starmer attends a special session within the World Economic Forum at Davos

No new UK oil and gas fields under Labour - Starmer

Britain's opposition leader Keir Starmer said there would be no investment in new oil and gas fields in Britain under a Labour government - a big change from current UK energy policies.

Business • 20 Jan 23

The slogan "In Crypto We Trust" on a tyre side wall on a Mercedes-Benz car outside the Blockchain Hub pavilion at Davoso

Cowed crypto crowd feel winter freeze at Davos

In the snow and ice on the main drag in Davos, the impact of the crypto winter is plain for WEF attendees to see.

Business • 19 Jan 23

Ukraine courts cash for post-war rebuild now, not later

As Ukraine attempts to secure more modern arms from its allies, it has stepped up a parallel effort to lock in financial support from business leaders in Davos to help rebuild the country.

Business • 19 Jan 23

International Energy Agency head Fatih Birol is at Davos this week

IEA's Birol expects tighter energy markets in 2023

International Energy Agency (IEA) head Fatih Birol said today that energy markets could be tighter in 2023, adding he hoped prices would not rise further in order to ease the pressure on energy-importing developing countries.

Business • 19 Jan 23

Greta Thunberg spoke on the sidelines of the WEF with fellow activists

Energy firms throwing people 'under the bus' - Thunberg

Swedish climate activist Greta Thunberg has accused attendees of the World Economic Forum in Davos of "fuelling the destruction of the planet" as she arrived at the event in the Swiss Alps.

Business • 19 Jan 23

European Parliament President Roberta Metsola, Serbian President Aleksander Vucic, Taoiseach Leo Varadkar and Albanian Prime Minister Edi Rama in Davos

Taoiseach meets big tech at Davos

Taoiseach Leo Varadkar is attending the World Economic Forum in Davos where he will meet political leaders and the chief executives of US multinationals.

World • 19 Jan 23

Brian Moynihan, Bank of America CEO is attendind the Davos gathering this week

US consumers in 'good shape' - Bank of America CEO

US consumers are still in "pretty good shape," even as the Federal Reserve raises interest rates to tame inflation, Bank of America CEO Brian Moynihan said during the World Economic Forum's annual meeting.

Business • 18 Jan 23

The World Economic Forum is being held in Davos this week

Convert offices to homes to curb housing crisis - Davos

Empty offices globally should be converted to apartments to address a growing housing crisis in many countries, property executives told the World Economic Forum in Davos today.

Business • 18 Jan 23

Secretary-General of the United Nations Antonio Guterres was speaking at the World Economic Forum in Davos today

UN chief urges 'credible' net-zero pledges

UN Secretary-General Antonio Guterres today called on business leaders gathered at the World Economic Forum in Davos to follow the principles outlined by an expert group to make "credible", accountable net-zero pledges.

Business • 18 Jan 23

Michael McGrath is at the Davos gathering in Switzerland this week

McGrath sees inflation falling 'quite quickly' in 2023

Inflation in Ireland appears to have peaked and should fall "quite quickly" across the remainder of the year, Finance Minister Michael McGrath said today.

Business • 18 Jan 23

Francois Villeroy de Galhau, the French central bank chief, is attending the Davos gathering this week

ECB's Villeroy tells Davos inflation battle not yet won

The European Central Bank has yet to win its fight against sky high inflation so its guidance for big rate hikes in the months ahead remains valid, French central bank chief Francois Villeroy de Galhau said.

Business • 18 Jan 23

Pfizer made the announcement at the World Economic Forum meeting in Davos

Pfizer to sell more drugs at cost to poor nations

US pharmaceutical giant Pfizer has said it will greatly expand the number of medicines and vaccines it sells on a not-for-profit basis to the world's poorest countries.

Business • 18 Jan 23

Volodymyr Zelensky addressing the WEF via video link

Zelensky calls for more speed in helping Ukraine

Ukrainian President Volodyrmyr Zelensky has issued a "call for speed" in giving aid to Ukraine, warning that "tyranny is outpacing democracies".

World • 18 Jan 23

International Monetary Fund Managing Director Kristalina Georgieva addressed the Davos gathering today

Global growth to bottom out this year - IMF's Georgieva

International Monetary Fund Managing Director Kristalina Georgieva said today that global economic growth was expected bottom out in 2023 despite the continued Ukraine war and rising interest rates.

Business • 17 Jan 23

Ursula von der Leyen was speaking at Davos today

EU must 'de-risk rather than decouple from China'

The European Union needs to work and trade with China on clean tech and push for a level playing field rather than seek to decouple from the world's second-largest economy, European Commission President Ursula von der Leyen said today.

Business • 17 Jan 23

The companies that did well in 2022 are likely to see a more challenging year ahead, PwC Global Chairman Bob Moritz said at Davos

CEOs most gloomy on growth in more than a decade - PwC

Confidence among companies in their growth prospects has dropped the most since the 2007-08 global financial crisis due to rising inflation, macroeconomic volatility and geopolitical conflicts, a survey by PricewaterhouseCoopers showed.

Business • 17 Jan 23

Freight rates are the prices at which cargoes are delivered by container from one point of the globe to another

DP World sees further freight rate fall as demand slows

DP World expects freight rates to drop by a further 15% to 20% in 2023, with the worst still to come as demand slows, the Dubai-based global logistics company's deputy chief executive and chief financial officer Yuvraj Narayan has said.

Business • 17 Jan 23

Ursula von der Leyen said there are plans to make Europe the home of clean technology

EU to prepare law to support its green industry

The European Union is to prepare a law to make life easier for its green industry and keep businesses from moving to the United States.

World • 17 Jan 23

Participants at the opening of the World Economic Forum's annual meeting counted the likely cost of a recession for their economies and businesses.

Recession casts long shadow over opening of WEF summit

The prospect of imminent global recession cast a long shadow over Davos yesterday as participants gathering for the opening of the World Economic Forum's annual meeting counted the likely cost for their economies and businesses.

Business • 17 Jan 23