Switzerland

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.

Leaders reflect on ethical capitalism with economic news gloomy

World EconomyDavos, Switzerland - With the headlines screaming the glo

Swiss police order Tibetan flag removed from Davos shop

Dalai Lama named freeman of ParisDavos, Switzerland - Swiss police forced a Davos shop owner to remove a flag of Tibet from the window of her store, but she managed to keep writings of the Dalai Lama and Tibetan prayer books in the window, the shopkeeper told Swiss radio DRS Thursday.

UN chief Ban calls for urgent aid to Gaza

Ban demands Israel, Hamas stop fighting, heed UN resolution Davos, Switzerland - United Nations Secretary General Ban Ki-moon called on the international community Thursday to provide quick assistance for the people in conflict-torn Gaza Strip.

At the World Economic Forum in Davos, Ban issued a so-called flash appeal for urgently needed assistance worth 613 million dollars in order to help the 1.4 million Gaza residents.

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