There are 44 results for "Davos"

John Kerry rejects notion US 'withdrawing from world'

US Secretary of State John Kerry dismissed suggestions that the United States was withdrawing from world affairs as "a myth".

"I'm perplexed by claims I occasionally hear that somehow America is disengaging from the world - this myth that America is pulling back, or giving up, or standing down. In fact, nothing could be further from the truth," Mr Kerry told the World Economic Forum in Davos, Switzerland.

US Secretary of State John Kerry Credit: Rainer Jensen/DPA/Press Association Images

His remarks were seen partly as a response to Saudi Prince Turki al-Faisal, a former intelligence chief, who told a Davos panel earlier on Friday that the world was disappointed with a "sense of no direction" in US foreign policy.

"You can't find another country - not one country - as proactively engaged or that is partnering with so many Middle Eastern countries as constructively as we are, on so many high-stake fronts," he said.

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BoE to make forward guidance decision 'next month'

ITV News Economics Editor Richard Edgar is listening to the Bank of England Governor Mark Carney at the World Economic Forum in Davos:

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Mark Carney speaking in Davos says the Bank of England will decide how to "evolve" forward guidance next month. #WEF14

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Carney says "the degree of stimulus will remain exceptional for some time" so low interest rates until the economy reaches "escape velocity"

Bank of England Governor: 'No immediate need to raise interest rates'

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Cameron urges patience over economic recovery

David Cameron has appealed for patience from workers not yet feeling the benefits of the recovery as he launches a drive to repatriate "off-shored" jobs.

According to Government figures, some 1,500 manufacturing jobs have already returned to Britain since 2011.

Prime Minister David Cameron.
Prime Minister David Cameron will address the World Economic Forum in Davos. Credit: Press Association

A new service called Reshore UK is being unveiled to help companies that want to do the same.

The comments came ahead of a speech at the World Economic Forum in Davos, in which Mr Cameron is due to say cheap shale gas energy and a pro-business regulatory climate could encourage firms to move posts back to the UK.

Read: Take home pay 'rises above inflation'

PM's call for business to 're-shore' in the UK

David Cameron will use a speech to lure business back to the UK, reversing the trend of "offshoring" - where businesses relocate manufacturing and customer service to countries where overall costs are cheaper.

David Cameron
Businesses should look the UK for a manufacturing base, David Cameron will say. Credit: PA

The Prime Minister is hoping cheap energy from shale gas and a pro-business regulatory climate could be the key to persuading firms to move "re-shore" back to the UK.

In a speech at the World Economic Forum in Davos, the PM will say companies are most likely to continue to house production in India and China, but argue the West should not be "written off".

According to Government figures, some 1,500 manufacturing jobs have already come back to the UK since 2011, and Business Secretary Vince Cable was today launching a new service called Reshore UK to help firms which want to do the same.

Read more: UK triple-dip recession looms

Read more: Tonight: Is Britain Back In Business?

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