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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.

Havells India to buy Lloyd Electric's consumer business for $231 million

MUMBAI Havells India Ltd, a leading maker of lights and fans, has agreed to buy a unit of Lloyd Electric and Engineering Ltd that sells air conditioners and televisions in a 15.5 billion-rupee deal ($231.14 million), the companies said.

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Iraq launches offensive on last Islamic State stronghold in Mosul

BAGHDAD/ERBIL, Iraq U.S.-backed Iraqi forces on Sunday launched a ground offensive to dislodge Islamic State militants from the western part of the city of Mosul, and put an end to their ambitions for territorial rule in Iraq.

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Sweden asks the U.S. to explain Trump comment on Sweden

STOCKHOLM The Swedish embassy in Washington has asked the U.S. State Department for an explanation of a comment made by President Donald Trump that suggested there had been some sort of security incident in Sweden on Friday. | Video

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Worshippers defy Thai police at Buddhist temple

BANGKOK Thousands of followers of Thailand's biggest Buddhist temple Buddhist temple defied orders to leave its grounds on Sunday to enable police to seek out their former abbot, who is accused of money laundering.

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Four N.Korean suspects fled Malaysia after airport murder - police

KUALA LUMPUR Four North Korean suspects in the murder of the estranged half-brother of North Korean leader Kim Jong Un fled Malaysia on the day he was attacked at Kuala Lumpur airport and apparently killed by a fast-acting poison, police said on Sunday.

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A year ago, Israel, Jordan and Egypt secretly met for peace - report

JERUSALEM Prime Minister Benjamin Netanyahu met secretly a year ago with the leaders of Egypt and Jordan in a failed attempt by the Obama administration to convene a wider regional summit on Israeli-Palestinian peace, Israel's Haaretz daily said on Sunday.

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Kraft withdraws offer to merge with Unilever

U.S. food company Kraft Heinz Co has agreed to withdraw its proposal for a $143-billion merger with larger rival Unilever Plc, the companies said on Sunday.

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"That bus has gone": EU sees no Brexit U-turn now

BRUSSELS Tony Blair wants fellow Britons to "rise up" and block or soften Brexit, but it may now be out of their hands -- many Europeans just want them to get on and get out.

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SpaceX launches rocket from historic NASA pad in Florida

CAPE CANAVERAL, Fla. A SpaceX Falcon rocket blasted off on Sunday from a Florida launch pad once used to send NASA astronauts to the moon, a step forward for billionaire entrepreneur Elon Musk and his company's goal of ferrying astronauts to the International Space Station. | Video

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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