Edition:
United Kingdom

Mark Bendeich

DAVOS-Consumer goods CEOs in Davos hot seat over plastic waste

25 Jan 2019

DAVOS, Switzerland, Jan 25 Consumer products companies including Procter & Gamble Co and Coca-Cola Co are emerging as new targets for global activism, with green groups blaming them for fouling the ocean with plastic and activists urging governments to regulate them.

Party is over for dirt-cheap solar panels, says China executive

25 Jan 2019

DAVOS, Switzerland The global solar power industry is about to lose a major competitive windfall as prices of Chinese-made solar panels begin to recover after a collapse last year, the leader of one of the world's top manufacturers said on Thursday.

Swiss Re makes digital side-bet as premiums languish

25 Jan 2019

DAVOS, Switzerland The world's second-largest reinsurer, Swiss Re, plans to double down on a small, new online insurance venture as its huge core business continues to be pinched by losses on natural disasters and what it calls unsustainably low premiums.

BOJ's Kuroda warns fintech firms could disrupt banking system

24 Jan 2019

DAVOS, Switzerland Japan's central bank chief, Haruhiko Kuroda, said on Thursday that fintech companies could disrupt the banking system of advanced economies in a serious way.

DAVOS-Big Oil is more talk than action on renewables - Iberdrola

24 Jan 2019

DAVOS, Switzerland, Jan 24 The world's largest wind-power producer, Iberdrola SA, has brushed off Big Oil's embrace of renewable energy as "more noise" than action.

Brazil's Guedes seeks deep pension cuts to avoid Greece's fate

24 Jan 2019

DAVOS, Switzerland An overhaul of Brazil's pension system could save up to 1.3 trillion reais ($345 billion) over the next decade, Economy Minister Paulo Guedes told Reuters on Wednesday, aiming as much as two-thirds higher than the previous government's failed effort. | Video

DAVOS-Brazil's Guedes seeks deep pension cuts to avoid Greece's fate

23 Jan 2019

DAVOS, Switzerland, Jan 23 An overhaul of Brazil's pension system could save up to 1.3 trillion reais ($345 billion) over the next decade, Economy Minister Paulo Guedes told Reuters on Wednesday, aiming as much as two-thirds higher than the last government's failed effort.

A gun in the face: Davos ploy to reshape refugee debate

23 Jan 2019

DAVOS As businessmen and bankers sip their morning coffee in a hotel lobby, admiring the Swiss Alps, a disturbing scene is unfolding in the car park below: men with guns are ordering people onto their knees and stealing their watches.

Brazil's Bolsonaro uses Davos speech to appeal to big business

23 Jan 2019

DAVOS, Switzerland Brazil's new right-wing President Jair Bolsonaro threw out the welcome mat for big business and foreign investors on Tuesday, telling a summit of CEOs in Davos that his government would make the country one of the top 50 in which to do business. | Video

World News

Israel's Netanyahu teetering in close election race

Israel's election remained too close to call Wednesday morning, with television stations carrying unofficial results showing Prime Minister Benjamin Netanyahu tied with his main rival, former military chief Benny Gantz.