Business

The agenda of the World Economic Forum in Davos has been dominated by the war in Ukraine and its implications for the global economy and supply chains. Volkswagen CEO Herbert Diess spoke to our Business Editor Kate Moody on the sidelines of the event. He warned that a "long-lasting" war in Ukraine would be "really negative, mostly for Europe".

Social media giant Twitter has agreed to pay US authorities $150 million as part of a settlement over allegations that it misused private information for targeted ads, while telling users the data was collected for security reasons. Plus, we see how a startup in Ghana is helping with cancer research on the African continent, which has some of the world's highest mortality rates from the disease.

The war in Ukraine and its impact on the global economy continue to dominate discussions at the World Economic Forum in Davos, Switzerland. Business Editor Kate Moody has been speaking with Paolo Gentiloni, EU Commissioner for the Economy, about Europe's ongoing efforts to wean itself off Russian energy.

An Italian factory that works in conjunction with the Ukrainian steelworks Azovstal is currently at a standstill, as steel from Ukraine is no longer arriving. But just down the road, a factory partially owned by a Russian oligarch is operating at full capacity, using Russian steel. Our correspondents report from northern Italy. But first, the United States has cut off the last remaining financial route for Russia to pay off its debts to US bondholders by allowing a waiver to expire.

The war in Ukraine, supply chain problems, inflation, and labour shortages have been dominating the agenda at the World Economic Forum in Davos, where business and political leaders pitch investment and global collaborations. FRANCE 24 Business Editor Kate Moody has been speaking to Martin Shanahan, CEO of IDA Ireland, about how the war might affect foreign investment in Europe, as well as the looming changes for the tech industry.

The world is facing its worst food crisis in history. Millions of tonnes of wheat are stuck in Ukraine, worsening an already precarious situation for many countries that depend on exports from the region. IMF Managing Director Kristalina Georgieva tells FRANCE 24 Business Editor Kate Moody that only "very strong international mobilisation" will save the lives of millions of people. Also in our update from Davos: EU member states move towards an embargo on Russian oil, but with no consensus on the timeline.

With world leaders at Davos set to discuss energy independence and sustainability, Germany's economy minister says an EU ban on Russian oil could be "days away". Meanwhile, supply chain disruptions to the world economy are also on the agenda. FRANCE 24's Business Editor Kate Moody reports from the Swiss Alps.

The war in Ukraine, inflation, plus food and energy insecurity continue to dominate the World Economic Forum in Davos. But participants are also discussing issues like climate change and digital development. FRANCE 24 Business Editor Kate Moody has been speaking to the head of the Crypto Council for Innovation, Sheila Warren, about the role cryptocurrencies can play, and the recent sell-off.

While most advanced economies are recovering from the worst effects of the pandemic, labour markets are facing a new and unexpected challenge: a shortage of workers. It's one of the issues business leaders are discussing at the World Economic Forum in Davos, Switzerland. Christophe Catoir, President of Adecco, tells FRANCE 24's Business Editor Kate Moody that the problem could persist for several years to come.

The 2022 edition of the World Economic Forum is largely focused on Russia's war in Ukraine and its implications for the global economy. As food and fuel prices soar and shortages loom, the head of the UN Development Program, Achim Steiner, tells FRANCE 24's Business Editor Kate Moody that the international community "must do more" to protect the most vulnerable.