Davos 2010 ends discussions on global issues

World leaders on Sunday concluded their five-day discussions on post-crisis economic recovery, the improvement of financial regulation and climate change.

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Mongolia awards Prince Andrew for publicizing country

Mongolian President Elbegdorj Tsakhiagiin on Sunday presented the Golden Gerege prize to British Duke of York Prince Andrew for his contribution toward publicizing the Asian country.

China is not only a market but a resource, says Alcatel-Lucent CEO

China is not only a huge market but also a huge resource, said Ben Verwaayen, chief executive officer of Alcatel-Lucent, a global telecommunications corporation headquartered in Paris, France.

Shell, Dow Chemical CEOs hope to increase investment in China

The CEOs of Shell and Dow Chemical, two oil and chemical giants in the world, have said they are willing to expand investment in China as the country is increasingly important on the global stage.

China will be biggest contributor to us: Standard Chartered

"China is a core pillar market for us and China will be the biggest contributor to us for the long term, " said Jaspal Bindra, Asian chief executive officer of British bank Standard Chartered.

IMF chief calls for caution on pulling back economic stimulus

Dominique Strauss-Kahn, managing director of the IMF, warned on Saturday that world leaders should remain cautious on pulling back the various stimulus packages they have implemented in response to the global economic crisis.

WTO ministers reaffirm commitment to fight protectionism

Some 17 WTO trade ministers on Saturday reaffirmed their commitment to fight protectionism despite the world trade body's long-time deadlock in the Doha Round trade-opening negotiations.