Davos 2011
Reuters live coverage of the World Economic Forum meeting in Davos
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It's a glorious Alpine setting, a fact which leads to much criticism of the WEF. But world and business leaders face an "alarming array of risks" this year - so there probably won't be much time for skiing. Reuters' correspondent Nutsuko Waki has the full story - www.reuters.com -
As well as following our live coverage, get yourself over to Twitter and start following the Reuters correspondents who are tweeting from Davos. Spare a thought for them; while these updates are coming to you from the warmth of the town library, they will be out and about chasing down executives, pounding the icy pavements and trying to avoid the infamous 'Davos wipeouts'. Here's a list of Reuters staff in town for the WEF. ow.ly
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Do protesters care about Davos? Reuters' Jonathan Lynn posted a blog earlier in the week ( blogs.reuters.com ) asking this very question. My colleague wrote that around 200 protesters marched near Zurich to vent their anger at the WEF. To put that number into perspective, a 2003 anti-Davos march attracted 100,000 angry activists. www.guardian.co.uk
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At last year's WEF, Microsoft founder and philanthropist Bill Gates announced a $10 billion, 10-year pledge to deliver vaccines to children in the developing world. In 2011, Gates is stepping it up his investment in the fight against disease. In an interview with Reuters, Gates said that polio can be all but stopped in three years. Health and Science correspondent Kate Kelland has the full story: www.reuters.com
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RT @Nouriel: I am off to Davos for the WEFby Reuters Davos via twitter 1/25/2011 9:29:45 AM -
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RT @Simon_Nixon UK GDP down 0.5% - forget rate rises for now. But number is bound to be revised. First GDP estimates notoriously unreliable.by peter_tl via twitter 1/25/2011 9:44:05 AM -
UK Prime Minister David Cameron is expected to come to Davos later in the week. There was bad news for his government today - the UK economy suffered a shock 0.5 percent contraction in Q4, according to Office of National Statistics data. Heavy snow throughout December is partly to blame. We'll have the full story shortly.
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How much does it cost to attend Davos? Here's a nice NY Times piece on the price tag attached to Davos Man. The numbers are mind-boggling - anywhere from $71,000 for a basic ticket to $622,000 to bring along some chums. And then there's the cost of the private plane... dealbook.nytimes.com
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More on the sufferings of the UK economy: uk.reuters.com
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Analysts react to the UK economy data. uk.reuters.com
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Despite the shock contraction to the UK economy, Chancellor George Osborne said that the government would not change its austerity programme.
"These are obviously disappointing numbers, but the ONS has made it very clear that the fall in GDP was driven by the terrible weather in December," Osborne said in a statement.
"We have had the coldest weather since records began in 1910 and this has clearly had a much bigger impact on the economy than anyone expected. It's notable that sectors of the economy that are less affected by the poor weather, such as manufacturing, continue to perform strongly, helping to rebalance our economy," he added.
"There is no question of changing a fiscal plan that has established international credibility on the back of one very cold month. That would plunge Britain back into a financial crisis. We will not be blown off course by bad weather." uk.reuters.com -
The theme of this year's Davos meeting - Shared Norms for the New Reality - has prompted much discussion, mostly around what it actually means. Writing on the WEF's blog, Chief Executive Officer of IDEO, Tim Brown, explains why he likes it. www.forumblog.org
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Lots of anticipation as the #WEF pre-opening party starts in the Congress Hall in Davos later tonight. The event formally opens on Wedby reutersNatsukoW via twitter 1/25/2011 10:30:38 AM -
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Interesting article on NYT on the cost of being a #Davos man dealbook.nytimes.comby reutersNatsukoW via twitter 1/25/2011 11:12:08 AM
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WELCOM website where you do the sign-up for #WEF sessions seems to have crashed... in #Davosby reutersNatsukoW via twitter 1/25/2011 11:16:21 AM
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Got a private invitation to "spin painting" session with Damian Hirst in #Davos: tempting but clashes with a session on Global Governance...by reutersNatsukoW via twitter 1/25/2011 11:19:52 AM
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Just heard Medvedev will be landing in Davos tonight afterall and in the Congress Centre for meetings tomorrow.by emma thomasson via twitter 1/25/2011 11:51:52 AM -
I spoke too soon, my efficient Swiss train has just come to an abrupt halt outside Eichenau. Prognosis uncertain. Eek. @foxjustby felix salmon via twitter 1/25/2011 11:55:38 AM -
Art comes to Davos - Reuters' Natsuko Waki comments on some of the cultural events on offer to participants. One stands out - a painting lesson from Damien Hirst. Only in Davos. blogs.reuters.com
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A Swiss Air Force FA-18 Hornet is pictured during an interception training near Davos January 24, 2011. A maximum of 5000 Swiss soldiers will take part in the security operation called "Alpa Eco Undici" for the World Economic Forum Annual Meeting 2011 that is taking place in Davos January 26 to 30, 2011. REUTERS/Denis Balibouse
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Reuters blogger Felix Salmon, tweeting from a sedentary Swiss train on his way to Davos, has commented on the Davos badges situation. Our post on the set-up ( blogs.reuters.com ) is, he says, “a good start, but it’s much more complex than that, with various dots and stripes and things.” He asks Reuters News Editor-in-Chief David Schlesinger to pitch in. He responds: “All I know is I'm a white badge with a blue dot. A "media leader" exalted title emblazoned. And I feel fine.” Now I'm even more confused.
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Train hasn't moved in over an hour, and no one seems to be in any rush to get restarted. I have a feeling this is going to be a long day.by felix salmon via twitter 1/25/2011 1:09:29 PM
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Wahey! Train moving -- and, better, moving forwards rather than back towards Munich! Only 90 minutes delayed.by felix salmon via twitter 1/25/2011 1:17:53 PM
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The perfect #Davos state of mind, from Gilbert & Sullivan: If everybody’s somebody, then no one’s anybody #wefby daschles via twitter 1/25/2011 1:19:12 PM
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The good news: we're moving. The bad news: wifi has disappeared. #fairtradeby felix salmon via twitter 1/25/2011 1:39:05 PM
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More news of Microsoft founder and philanthropist William Henry Gates III, or 'Bill' as we like to call him. In a Reuters interview, he expressed his hope that his passion for giving will soon start to take hold among the super-rich of China and India. www.reuters.com
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This is a question that will be asked a lot this week: What is the 'new reality' of which the WEF speaks? www.cnn.com
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Two swiss chocolate bars later, I'm ready for fondue. Pre #Davos workout #wefby daschles via twitter 1/25/2011 2:43:37 PM
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Just to recap what's happening tonight at #WEF in #Davos. There's an opening reception at the main hall; PWC also hosts party on CEO surveyby reutersNatsukoW via twitter 1/25/2011 2:55:50 PM
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RT @ericschmidt: Stepping up as Exec Chairman. New to-do’s: London-Monday. Munich-Tues. Zurich-Wed. Davos-Thurs….by reutersNatsukoW via twitter 1/25/2011 3:07:16 PM
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I was interviewed by Chinese reporter re China's influence at #davos. At least, I said, this year it doesn't clash with Spring Festival #wefby daschles via twitter 1/25/2011 3:12:53 PM
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Chesley B. III Sullenberger, a US pilot who safely landed Flight 1549 on Hudson River in 09, speaks on "Leadership under Pressure" in #Davosby reutersNatsukoW via twitter 1/25/2011 3:21:11 PM
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Sullenberger also speaks in a "Exploring the Extremes" panel with a mountainner and head of an aquarium in #Davos #WEFby reutersNatsukoW via twitter 1/25/2011 3:23:30 PM
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My colleague Ben Hirschler has written this Travel Postcard on Davos, with a detailed guide on how to spend 48 hours in the town. uk.reuters.com
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