Skiing beats networking January 23, 2012 SKIING is the best reason to go to the World Economic Forum in Davos, according to a plurality of those asked by CNBC. Thirty per cent of those responding to an online poll highlighted the winter sport as the main draw, while 27 per cent said that “networking” is the best selling point. Just 14 [...]
DAVOS TWEETS January 23, 2012 @Angela_D_Merkel 6.24pm Nearly finished #Davos speech. Thinking of closing with a musical number. #Superangiesmagicfiscalpactwilldothebusiness @DavosDeville 6.50pm Can someone explain why the hell I’ve just walked into the side of an igloo? @DavidEnrich 2.48pm My favorite moment at #Davos 2011: Lagarde denies existence of crisis. “The #euro zone has turned a corner” @Clare_OC 3.02pm I hear [...]
Protesters build igloo village January 23, 2012 THE OCCUPY movement, which went global after protests against Wall Street last year, is camping in igloos to bring its argument with the super-rich “one per cent” to Davos. It is a reminder to the leaders of finance and industry at the World Economic Forum of the resentment that is leading to questions about the [...]
DAVOS DIARY January 23, 2012 A CERTAIN economics reporter had some unwelcome company for the mountainous bus ride up to the mountain retreat yesterday, reporting that he had heard some youthful attendees on their way to the forum suggesting “the creation of a spermbank” to sell the seed of promising young leaders. Still, as public relations slip-ups go, Davos youth [...]
WELCOME TO DAVOS January 23, 2012 The World Economic Forum Annual Meeting 2011 opens today and runs until Sunday 30 January. Today, delegates will be arriving at the Swiss mountain town of Davos, the highest city in Europe, for the conference. Registration takes place throughout the afternoon. The programme begins at 5.30pm – 7pm UK time, with a welcome reception in [...]
Digital sector saves day for music market January 23, 2012 TECHNOLOGICAL advancement is changing the face of the music industry for good despite getting a bad press recently over piracy, top record label executives declared yesterday. Digital music revenues grew eight per cent in 2011 to $5.2bn (£3.3bn), crossing the $5bn mark for the first time, according to the International Federation of the Phonographic Industry. [...]
Tips to take away from the Ruspetro flotation January 23, 2012 THE successful flotation of Ruspetro, the Russian oil and gas explorer, is being looked on by many in the City as an opportunity to finally get a moribund IPO market off the ground. It’s the first main market listing of the year and it follows a period during which only the most courageous or crazy [...]
Tube to get wi-fi before Games January 23, 2012 London Underground passengers will be able to use wi-fi at 120 stations in time for the Olympics, a Transport for London boss has said. TfL oversaw a successful trial at Charing Cross last year, but there were fears of delays after telecoms firm Huawei pulled out of a deal to provide the network. But a [...]
Kodak replaces restructuring boss January 23, 2012 Eastman Kodak replaced its chief restructuring officer yesterday, just a handful of days after it filed for bankruptcy protection. James Mesterharm, who works for the consultancy firm AlixPartners, will replace Dominic DiNapoli, the FTI Consulting employee who was chosen just last week. The firm said there was no “disagreement or difference of opinion” with the [...]
Texas Instruments beats Street January 23, 2012 Texas Instruments last night reported higher-than-expected fourth-quarter revenue as demand for its chips improved more quickly than it had forecast. The US company, which makes chips for everything from consumer electronics to industrial equipment, reported a profit of $298m (£191m), down by two-thirds on a year ago. Revenue fell three per cent to $3.42bn, beating [...]
