President of Goldman Sachs,  Gary  Cohn,  at Davos: “What I am concerned about is the ability of the US to raise rates with what’s going on with the rest of the world.”  Photograph: Bloomberg

Wall Street executives said the US Federal Reserve’s ability to raise interest rates will be restrained by weak economic growth abroad and slow inflat(...)

European Commissioner for Economic Affairs Pierre Moscovici: doing his best to keep out of the limelight. Photograph: Eric Piermont/AFP/Getty Images

There was no shortage of conversation-starters in Davos yesterday – “quantitative easing” was the magic phrase on everyone’s lips as they awaited news(...)

Swiss special police officers atop the roof of the Davos Congress Hotel.   Photograph: Reuters/Ruben Sprich
Planet Business

In numbers: Welcome to Davos -6 Temperature in degrees Celsius in Davos, Switzerland, as the World Economic Forum (WEF) began on Wednesday, setting t(...)

British chancellor George Osborne, in Davos, welcomed the quantitative easing announcement but said it was not sufficient for a European recovery. Photograph: Chris Ratcliffe/Bloomberg

The stimulus package announced by the ECB should have several beneficial effects for Ireland, according to Government sources. The expected weakening (...)

The Taoiseach, Enda Kenny, has said he would “like to think” the European Central Bank could be independent of pressure from euro zone member states w(...)

Good example: Khadija Niazi at Davos – the 12-year-old from Pakistan became the youngest person ever to complete Udacity’s online physics course, passing with highest distinction

By the year 2020, one-third of all graduates worldwide will be from China and India, according to Emma Birchall, head researcher at the UK-based Futur(...)

German finance minister Wolfgang Schauble: dismissed suggestions Berlin had come under pressure to shift its economic course as “spin doctoring”.

German finance minister Wolfgang Schauble put on a brave face at the end of IMF meetings in Washington this weekend, dismissing suggestions Berlin ha(...)

While rising house prices might make us feel more financially secure, for the most part this seeming rise in wealth has zero impact on the economy as a whole.

Economics is full of paradox and stuff that many of us find counter-intuitive. House prices are a prime example. An individual will always and (...)

ECB president Mario Draghi speaking during a panel session on the third day of the World Economic Forum in Davos yesterday. Photograph; Laurent Gillieron/EPA

European Central Bank president Mario Draghi told global leaders in Davos yesterday he favoured an “accelerated time line” in breaking the link betwee(...)

The financial district of Pudong in Shanghai. “Foreign reserves being accumulated by China, Japan and many emerging economies have also slowed to a trickle. This is all very good news.” Photograph:  Carlos Barria/Reuters

Understandably, it is fashionable to be pessimistic. We have just lived through a financial and economic crisis that was, for some countries at least,(...)