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Davos 2017

Davos offers unsettling glimpse of new world order

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DAVOS, Switzerland Imagine a world where the relationships and roles that have defined the global order for the past three quarters of a century have been turned on their head. | Video

Interview
DAVOS 2017 – Part One (9:41)

Interview
DAVOS 2017 – Part Two (5:21)

Interview
DAVOS 2017 – Part Three (11:01)

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Fears of economic 'race to bottom', strong dollar in Davos

DAVOS, Switzerland A strengthening dollar and a "race to the bottom" on taxes, deregulation and trade policy are the major risks to an otherwise brightening global economy, financial leaders said on the final day of the World Economic Forum in Davos.

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No longer 'rising', Africa pushed to the margin at Davos

DAVOS, Switzerland In this Swiss Alps town where the global elite have gathered to debate the world's problems, there seems to be little room on the radar for Africa, a continent of over a billion people where a commodity-fueled growth boom has soured with a vengeance.

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World trade chief warns against 'talking ourselves into a crisis'

DAVOS, Switzerland The world should be wary of stumbling into trade wars that would destroy jobs, World Trade Organization Director-General Roberto Azevedo said on Friday.

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BOJ Kuroda: Steady U.S. growth may push up rates, dollar

DAVOS, Switzerland Bank of Japan Governor Haruhiko Kuroda said on Friday U.S. economic growth and inflation may accelerate in coming years, which may push up interest rates and the value of the dollar.

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U.S. bankers tell Europeans to think positively on Trump

DAVOS, Switzerland U.S. bankers, buoyed by a resurgence in profits, are advising their counterparts in Europe to think positively about the new administration of U.S. President-elect Donald Trump.

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India's top bank SBI eyes up to $1.5 billion capital raising next fiscal year

DAVOS, Switzerland India's biggest lender by assets, State Bank of India, could tap capital markets next fiscal year to raise up to $1.5 billion, its chief said on Friday, though it first needs to complete a planned merger with its subsidiary banks.

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'Don't damage trade', emerging market leaders tell Trump from Davos

DAVOS, Switzerland Globalization is good. That's the message leaders of developing countries want to send from the Davos forum to U.S. President-elect Donald Trump, who takes office on Friday.

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Publicis CEO Levy expects his successor to be picked within weeks

DAVOS, Switzerland Maurice Levy expects his successor as chief executive of Publicis to be chosen by the board of the French advertising group within weeks.

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China-U.S. trade tensions high on Big Oil's worry list

DAVOS, Switzerland Oil executives and Middle East producers are concerned that trade tensions between the United States and China risk clouding the outlook for global energy demand growth and a recovery in the price of oil.

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Elections don't cloud improving euro zone outlook: ECB's Villeroy

PARIS A series of elections in major European countries this year like France and Germany will not derail the improving euro zone economic outlook, ECB governing council member Francois Villeroy de Galhau said in a Bloomberg television interview on Friday.

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French finance minister warns U.S. against unilateral bank deregulation

DAVOS, Switzerland France's finance minister has cautioned incoming U.S. President Donald Trump against taking unilateral steps to deregulate the U.S. financial industry, stressing the need for international coordination.

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Exclusive: Malaria champions see Trump uncertainty at crucial time

DAVOS, Switzerland, Jan 20 (Reuters)- When it comes to fighting malaria, Bill Gates and Ray Chambers are both inspired and concerned: With victory in sight, will the world's new leaders commit to finally beating this persistent parasite?

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IMF warns wave of U.S. protectionism would offset any stimulus gains

DAVOS, Switzerland Protectionist policies from the new U.S. administration of President Donald Trump will probably have a negative impact on the economy, overshadowing any positive gains from economic stimulus measures, the head of the IMF said on Friday.

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India to take corrective steps to ensure telecoms growth - statement

NEW DELHI India's telecoms minister said on Thursday that the government would take corrective steps to ensure growth in the sector, the world's second-biggest by number of users, amid worries about financial stress.

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Arvind Panagariya sees action on privatising Air India in 6 months

NEW DELHI The government is expected to take some action on privatising state-owned airline Air India in next six months, a top government policy adviser told television channel CNBC-TV18 on Thursday.

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Shock and anger in Mosul after Islamic State destroys historic mosque

MOSUL/BAGHDAD, Iraq "When I looked out of the window and saw the minaret was no longer there, I felt a part of me had died." | Video

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RBI rejigs oversight panel for bad loan resolution

MUMBAI The Reserve Bank of India (RBI) on Thursday reconstituted a panel to oversee restructuring of troubled loans, as it strives to cut more than $150 billion of bad debt banks in Asia's third-largest economy have accumulated over the past years.

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SEBI proposes stricter separation on investment products

MUMBAI The Securities and Exchange Board of India (SEBI) on Thursday proposed to more clearly segregate entities advising on investment products from those selling them in an effort to prevent conflicts of interest.

Dozens killed in Afghanistan as car bomb hits bank branch

LASHKAR GAH, Afghanistan A car bomb exploded outside a bank in Lashkar Gah, capital of the southern Afghan province of Helmand on Thursday, killing and wounding dozens of civilians and members of the security forces waiting to collect their pay, officials said.

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Accenture's third-quarter revenue beats estimates

Consulting and outsourcing services provider Accenture Plc reported a better-than-expected quarterly revenue on Thursday, as the company's investments to boost its digital and cloud services pay off.

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Russia's Rosneft CEO says takeover of India's Essar is closed

SOCHI, Russia The takeover of India's Essar Oil by Russia's largest oil producer Rosneft can be now considered as closed, Rosneft CEO Igor Sechin told a shareholders' meeting on Thursday.

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India farm protests push for rise in edible oils import tax

MUMBAI India's government is facing mounting pressure to raise import duties on edible oils after farmers staged mass protests in key farm states amid a slump in oilseed prices to below government support levels.

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Live Coverage of Davos 2017

Live video and breaking news from the annual World Economic Forum in Davos, Switzerland.  Follow 

Slideshow

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Who's at Davos?

The movers and shakers at the World Economic Forum.  Full Coverage