Switzerland

Afghans, Pakistanis need to be involved in their future

Afghans, Pakistanis need to be involved in their futureDavos, Switzerland  - The fight against terrorism could only succeed in Afghanistan and Pakistan, officials gathered at Davos have said, if there was strong international military cooperation and if ordinary people's lives were improved.

The two neighbouring countries would have to implement a strategy which relied as much on development projects as it would on military action against extremists groups employing terrorism, otherwise the people would not be on board.

Indian economy will grow at 7 to 7.5 percent next fiscal : Kamal Nath

Kamal NathDavos (Switzerland), Jan. 30 : The Union Commerce and Industry Minister Kamal Nath said here that the Indian economy would continue to grow at a steady pace of 7 to 7.5 percent.

Addressing a press conference at the World Economic Forum here on Friday, Nath said the Indian economy grew by 7.8 per cent in the first half of this fiscal and is expected to maintain the same growth rate, more or less, in the next financial year.

Brown, Ban call for international efforts to boost economy

Ban Ki-MoonDavos, Switzerland - Coordinated international efforts will be needed to lead the world out of the current economic crisis, the United Nation's Ban Ki-Moon and British premier Gordon Brown said Friday, urging countries to also maintain aid levels to the poor.

Brown said countries needed to "come together as one" and take steps like those he introduced in Britain, including capital injections and the introduction of stimulus packages.

Turkey: Syria, Israel direct talks foiled by Gaza offensive

TurkeyDavos, Switzerland  - Israel and Syria were on the path to direct talks but the progress was set back by the three-week offensive in the Gaza Strip, Turkish officials said Thursday while attending the World Economic Forum.

Turkey had hosted four rounds of indirect talks between the two nations, who are still at a state of war since 1948. Damascus called off after the discussions after the Israeli offensive began.

"We had problems with only a few words," said Turkish Prime Minister Recep Tayyip Erdogan, referring to negotiations which had gone on when Israeli Prime Minister Ehud Olmert was in Ankara just days before the offensive began.

UEFA announces hosts of club competitions

UEFA announces hosts of club competitions  Nyon, Switzerland - Europe's governing body UEFA on Thursday announced the hosts of the 2011 and 2012 European club competition finals.

UEFA said that the organization's executive committee had awarded the final of the 2011 Champions League to Wembley Stadium in London, while the Fussball Arena in Munich will host the Champions League a year later.

Oil prices need to rise to allow for investment, energy chiefs say

Oil prices need to rise to allow for investment, energy chiefs say Davos, Switzerland - The drop in the price of oil is a result of the global economic downturn, energy chiefs said Thursday, but the fall has been too great and the current amount will not leave producing countries with enough capital for investment.

"The price is low because demand has fallen, because economic growth in most part of the world has stopped," said Tony Hayward, the head of BP.

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