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China rejects Abe’s 1914 comparison

Foreign minister admits Sino-Japanese relations ‘very bad’

Comment

The five themese Lionel Barber takes away from Davos
Mrs Moneypenny’s guidance to guidance to other female delegates

Brazil goes on corporate charm offensive

President Rousseff and team meet investors

Osborne and Summers clash on austerity

Ex-Treasury secretary ‘gratified to see the growth in Britain’

Abe and Rouhani delight Davos

WEF crowd aware two leaders could be transformative figures

  • ECB scales back QE but denies tapering – Live

    The European Central Bank has scaled back its quantitative easing programme from €80bn to €60bn a month from March 2017 and will extend it to the end of next year, in a move that responds to hawks’ concerns about ultra-loose monetary policy but which could unsettle markets. It has held rates as expected.

    The ECB insists the step is not equivalent to the US move to gradually “taper” QE that unsettled markets in 2013, instead it argues the move could see it buy more bonds under the extended programme.

    Key points

    • ECB holds rates at 0% but extends QE to December 2017
    • Level of bond buying programme cut to €60bn per month from March 2017
    • Asset purchase parameters broadened, including halving of minimum maturity to 1 year
    • Sovereign bond prices recover as Draghi insists tapering has not been discussed
    • Euro slides against the dollar

    By Gemma Tetlow and Gavin Jackson

    Read more
  • FT column: Italy’s threat to Europe’s future

    By Gideon Rachman

    Europe’s fightback against populism was going well for a couple of hours. On Sunday afternoon, it emerged that the far-right candidate had lost the Austrian presidential election. But the good news from Austria was drowned out by bad news that same evening, from the other side of the Alps. Matteo Renzi, the Italian prime minister, had lost his referendum on constitutional reform and confirmed that he will resign.

    Read more
  • Trump’s dangerous Taiwan gambit

    Donald Trump’s telephone conversation with the president of Taiwan, Tsai Ing-wen was a massive break with established policy – which will be greeted with shock in Beijing. When the US re-established diplomatic relations with the People’s Republic of China in 1979, it also severed diplomatic links with Taiwan. Since then there have been no direct conversations between the leaders of the US and Taiwan.

    The stakes involved in the triangular relationship between Taipei, Beijing and Washington could not be higher. The Chinese government has repeatedly stressed that it is prepared to go to war, rather than accept Taiwanese independence. The US, while it does not promote the independence of Taiwan, has also promised to resist any attempt to incorporate Taiwan into China by force. I have personally witnessed a conversation between Chinese officials and high-ranking Americans, in which the US side has said openly that a Chinese attack on Taiwan would lead to war between the US and China.

    Read more

Carney tips low rates over medium term

BoE governor also confirms dropping direct jobless rate link

Tech revolution divides Davos delegates

Summers warns of lack of a Bismarck or Gladstone for digital era

Cameron urges EU against shale gas curbs

British PM says Europe needs dose of ‘Tory common sense’

Iran courts western oil majors at Davos

Talks focus on conditions needed to resume work as sanctions ease

Bankers assess once-in-a-generation reform

Talk of permanently lower and steady profitability

Brian Moynihan, CEO, Bank of America, and Bono, co-Founder of (RED)
©Tim Higham

Bono and the banker join in Aids fundraising

BoA chief turns to pop in post-crisis search for lost trust

BoE signals scrapping of forward guidance

Carney flags dropping of 7% jobless threshold

Australian PM seeks to refocus G20

Nation wants group to rise above ‘talkfest’ during chairmanship

Chiefs remain reluctant to spend

Corporate leaders at Davos are resisting calls to aid recovery

Tensions rise over eurozone firewall

But hopes build for deal in Greek debt talks

Outlook looks less bleak from Alpine retreat

Unease remains over eurozone and global economy’s weakness

Germany isolated over opposition to boosting bail-out fund

Cameron criticises European financial tax

Comments in Davos likely to be seen as unhelpful commentary

Google protests at EU privacy rules draft

New laws would regulate how companies store and handle personal data

UK leads launch of £3bn green energy fund

Emerging and developing countries to benefit from initiative

Iran nuclear stance rings alarm bells at Davos

Delegates seem to be taking the prospect of war seriously

Cameron rebukes euro leaders over crisis

Davos speech reflects frustration with German leadership of eurozone

Gates pledges $750m to Global Fund

Grant coming in form of ‘promissory note’

JPMorgan admits it weighed euro exit

Bank stayed in troubled periphery for social reasons

Merkel set on beating crisis in eurozone

Chancellor warns against demanding too much from Germany

Money shovers can live without tax perks

The low rate on carried interest has become indefensible

Speed vital in eurozone crisis, say bankers

Income disparity tops list of concerns

Little consensus among leaders about what to do

Experts share downbeat mood at forum

China breaks 30-year tradition with Davos

Senior officials to miss WEF as dates clash with Chinese New Year

Warning over world economic outlook

Fund urges eurozone to break vicious circle

Confronting an age of austerity

An analysis of the hopes and concerns that beset world leaders as they gather in Davos

Newest bank chiefs choose to skip Davos

Russia found failing on pollution curbs

Global environmental concerns to be discussed at Davos

Faith in government plummets, survey says

Research for Davos says findings give companies ‘licence to lead’

Business urged to fill in for government

Unilever chief says institutions have ‘failed’

Postcard from ... Davos: The hotel with no staff

Fiftyone, the smart Swiss ski resort’s first ‘automatic’ hotel, oozes stylish efficiency

Minister urges Japan to use strong yen

Business advised to increase investment abroad

Chinese GDP growth rate falls

Analysts predict further slowdown during the year

Jobs at risk as global productivity slows

Gap disappearing between economies

Capitalism in crisis: A perilous path to prosperity

As west sinks, eastern economies soar

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