WHAT’S ON IN DAVOS TODAY

The World Economic Forum Annual Meeting 2011 opened yesterday and runs until Sunday 30 January.

Mayor of London Boris Johnson is due to deliver a keynote speech today on the economic benefits of the 2012 Olympic Games.

And Boris will join chancellor George Osborne at a lunch with UK chief executives and public figures

Early birds can look forward to croissants with Peter Mandelson, at WPP’s chief Martin Sorrell’s breakfast at the Seehof Hotel

TIME magazine is hosting a debate on the future of capitalism, with participants including Bank of America’s Brian Moynihan and Sharan Burrow, general secretary of the International Trade Union Confederation

At noon, Clifford Chance hosts a heavily subscribed discussion on "What next for Europe?" Speakers include senior executives and advisers to Standard Chartered, BNP Paribas and Deutsche Bank as well as Clifford Chance partner Michael Bray.

All eyes will be on German Chancellor Angela Merkel at 5pm, when she is due to deliver the formal opening address to the forum, likely to cover the crisis of sovereign debt, bail-outs and Greek bondholder losses.

The chiefs of Airbus, Alcoa, Cisco, NYSE Euronext and BCG are among the speakers in a discussion about the “global business context”.

Events can be watched live online: http://www.livestream.com/worldeconomicforum

The official Twitter feed is @Davos #WEF.