Update From Davos 2010:


Fri, 29 Jan : 1301

 A warning - as if we needed another in Davos - from the IMF's Dominique Strauss-Kahn, not to get too carried away by signs of a return to global growth. The future, he cautions, will not be "business as usual". A new global economic model will need to be invented to take account of growth from Chinese consumers, rather than US ones. It needs to be a green one too, he says. No small task.

LIVE TEXT COMMENTARY (All times GMT, CET -1)
<http://news.bbc.co.uk/2/hi/business/8486648.stm>

But:

Davos 2010: Bankers hit out at regulation plans

See also:

Davos 2010: Where would big money managers invest?

And:

Davos 2010: Leaders vow climate deal in Mexico

<http://news.bbc.co.uk/2/hi/business/8487015.stm>

UN Climate Chief Yvo de Boer: "Although there was no legal agreement in Copenhagen, there was a very strong political consensus"

Politicians at the World Economic Forum in Davos have vowed to reach a "substantial" deal on climate change.

The world's leaders will meet in Cancun, Mexico, later this year - after a disappointing conclusion to talks in Copenhagen last month.

Mexican President Felipe Calderon acknowledged that there were "low expectations" for Cancun.

But he said: "Our objective is to reach a robust, substantial and comprehensive agreement".

He stressed that the economic costs associated with tackling climate change would be central to the challenges facing governments.

In a response that contained a number of "ifs" he said, "If we can find an economic mechanism ... we will be on track."


...... But don't hold your breath!

Soros calls for break-up of big banks


Meanwhile:

Central bankers seethe behind closed doors