News Corp pays out over hacking claims
LONDON - The British newspaper arm of Rupert Murdoch's News Corp settled a string of legal claims over phone hacking on Thursday, and said this was not an admission that management had known about the practice or tried to cover it up.
Momentum to drain from world economy in 2012 - Reuters poll
LONDON - The world economy will lose momentum in 2012 but it will keep moving in the right direction, according to Reuters polls of around 600 economists who said crisis-hit Europe would drag on global growth.
Focus on past glory kept Kodak from digital win
NEW YORK - Kodak's long decline, culminating in a bankruptcy filing, can be traced back to one source: the former king of photography's failure to reinvent itself in the digital age. Full Article | Video
Economy in mild recession - Reuters poll
The British economy is languishing in a mild recession but will return to modest growth by April-June as the Bank of England maintains its ultra-loose monetary policy and the euro zone muddles through its debt crisis, a Reuters poll finds. Full Article
Little progress on Greek debt talks as clock ticks
LONDON/ATHENS - Greece and its bondholders have made little progress since resuming stalled talks on a debt swap, three sources close to the talks say, with time to strike a deal and avoid a messy default running out rapidly. Full Article | Haircut calculator
Hermes sees "age of broken promises"
Prolonged financial crisis and shifts in economic power herald an age of uncertainty which the financial industry and its clients are not equipped to understand, says one of Britain's most powerful institutional investors, BT pension fund manager Hermes. Full Article
The missing BRIC in Indonesia's wall
TANJUNG RAJA GIHAM, Indonesia - Investing in infrastructure in Southeast Asia's biggest economy isn't for the fainthearted. Getting land, licenses and locals onboard requires a hearts-and-minds campaign, despite Indonesia's return to investment grade. Full Article
Italian ship rescue seen ending within 24 hours
ROME - Rescuers have a 12-24 hour window to complete the search for survivors in the wreck of the capsized Italian cruise liner , the head of a firefighters' diving team says. Full Article | Video
Heathrow plans for the great Olympic exodus
Olympic athletes and spectators might be counting down to the opening ceremony, but Heathrow Airport managers are focusing much of their attention on the day after the closing ceremony. Full Article
Obama visits Disney to tout tourism, jobs plan
Jan. 19 - President Barack Obama orders streamlining of foreign tourist visas, touts U.S. tourism during a speech at Walt Disney World in Florida. Rough Cut (no reporter narration).
Latest Headlines
Unravelling India, Part 2: Corruption
What’s the best way for India to slay corruption: punish the culprits or make government so transparent that it is hard for bribery to find places to latch onto in the first place? The answer is both. Full Article
Social VAT – great idea for after the revolution
A shift of taxes from labour to consumption might help euro zone members rebalance trade. But the actual effect would be limited. The real appeal is conceptual. When goods are ample and jobs are scarce, taxes should not discourage hiring. Commentary
opinion
Goldman bankers rank ahead of shareholders again
Lower taxes and compensation helped Goldman Sachs to beat Q4 estimates. But 2011 return on equity was still a sad 3.7 percent. Applying JPMorgan’s pay rate would have boosted investor returns by half. Instead, Goldman bankers retain a dubious league-table crown. Commentary
Davos at a distance
I’ve never been to Davos, despite attempts by many over the years to persuade me to go. The organisers want their event to influence policy at the national, regional, and global levels. Yet, over the years, and in the context of an increasingly unsettled world, Davos has not had much impact. Commentary
Why doesn’t unemployment create more crime?
A change in culture over the past half-century seems to have broken the link between high jobless and crime rates. But a new wave of long-term, chronic unemployment for young men with few prospects could reverse that. Commentary
Egypt's entrepreneurs see new dawn
CAIRO - With the end of 30 years of rule by Hosni Mubarak, during which much of Egypt's economy was dominated by state-run companies and businessmen linked to the Mubarak regime, young entrepreneurs like Ahmed Essam think hard work and commercial vision have a greater chance of succeeding. Full Article
Trend Watch
Trending Tweets
Follow Reuters
Reuters Davos Magazine
- Davos by the Numbers: Water Cannons Loaned by Germany to Use Against Protesters: 6
- Mohamed El-Erian on Why He’ll Never Go to Davos
- The Top Business Pictures of 2011
- Infographic: The Expanding Global Middle Class
- Confessions of a Davos Spouse by Anya Schiffrin
- A Conversation Between Sir Harold Evans & Condoleezza Rice