Bank of America CEO Brian Moynihan sees improvement in the banking sector but cautions that debate over a financial crisis threatens consumer spending. He speaks with Chrystia Freeland, Thomson Reuters Consumer News editor.

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This week at the annual World Economic Forum in Davos, Switzerland, I was pleased to participate on a panel discussion about the links between transparency, corruption and economic growth around the world. This is a topic of extreme importance to us for many reasons: First, we are one of the most global organizations in the world – the Reuters news business has operated in more than 100 countries for more than 100 years.  Additionally, our Trust Principles require that our standards in this area are above reproach. And finally, one of our fastest growing business units – Governance, Risk & Compliance – helps companies and countries manage exactly these types of risks.

I shared the stage with Nigeria’s central bank governor, Sanusi Lamido Sanusi, the chairman of India’s Bajaj Auto, Rahul Bajaj, the CEO of construction firm CH2M Hill Companies, Lee McIntire and the CEO of FTI Consulting, Jack Dunn. The session was moderated by the Guardian’s Economic Editor Lawrence Elliott.  While the session was held under Chatham House Rule, which prevents me from disclosing exactly what was said and by whom, I will summarize at a high level. (more…)

Mayor of London Boris Johnson made an appearance in the Global Markets Forum on Friday when he took questions from members around the world. The live chat on Thomson Reuters Messenger was a mobile operation from the London Mayor’s hotel and the last of nine community interviews from the World Economic Forum Annual Meeting in Davos. In a late change of plan, the Mayor insisted he would type his own answers rather than dictate them to an aide and turned out to be the fastest typing interviewee of the week.

Key quotes: (more…)

The latest dispatch from our anonymous on-site correspondent in Davos, Switzerland, for the 2013 World Economic Forum. Check out the rest of the series here. 

Reuters interviewed Boris Johnson, Mayor of London, directly in front of the Reuters Library this morning. No sooner had the cameras packed up than UK Prime Minister David Cameron and his posse walked by on their way to the Congress Center, while an armored van with Russian Prime Minister Dmitry Medvedev exited in the opposite direction. Our prime location at the Davos Library ensures that everyone entering or exiting the Congress Center passes in front of Reuters.

Above, Global Sales & Marketing Managing Director Christopher Perry smiles as Reuters interviews Boris Johnson in the background. (more…)

Some of the most interesting, provocative and salient quotes we heard around the 2013 World Economic Forum:

“Europe is biggest single market in the world, we can do a lot with that if we’re open and not complacent” -German Chancellor, Angela Merkel

“I don’t want to tell my children, Europe is the place where the future isn’t happening. We need innovation” -George Osborne

“If you eat 3 times a day, you become fat. If you read 3 times a day, you become wise. Better be wise than fat” -Israeli President, Shimon Peres

“My advice: live as an optimist. I’ve tried it for 90 years and it’s not bad” -Israeli President, Shimon Peres

“The last time inequality in US was as high as it is now was in the roaring twenties, and that ended in disaster” -Joseph Stiglitz

“Are we going to fire the father to hire the son? We want to create jobs for young people but not at expense of others” -Sharan Burrow, ITUC

“CEOs are desperate for good people; and there are lots of jobless people. We need to improve hiring process” -Jonathan Teklu, Sprinstar

“60% of young people in Spain are jobless. That’s not just a statistic. There are people behind that statistic” -Maurice Levy, CEO of Publicis

“In the next 15 years we can halve childhood deaths, that’s doable” -Bill Gates

“Good teachers teach. Great teachers transform” -Queen Rania of Jordan

Here are some pictures taken by our correspondents to give you a sense of what it’s like on the (cold) ground in Davos: (more…)

Here is a round up of TV coverage from Day 1 at Davos:

Europe: A key topic for discussion is the state of the economic crisis in the European Union.

Italy’s Minister of Economic Development, Corrado Passera, talks about the challenges Italy faces in order to grow its economy: (more…)

Unemployed or unemployable? World leaders and the business elite answer the question in highlights of Davos Today.

Follow live coverage of the World Economic Forum in Davos.

The latest dispatch from our anonymous on-site correspondent in Davos, Switzerland, for the 2013 World Economic Forum. Check out the rest of the series here. 

The World Economic Forum kicked into high gear today, with the Congress Center rocking with business meetings and programs all day, as well as the opening reception this evening. Now that dusk has fallen, the Reuters library is lit with orange spotlights, bathing the building in a soothing color reminiscent of an orange-and-cream ice cream bar.The Reuters library has been booming all day, starting with the 6 a.m. to  8 a.m. television show where Reuters TV journalist Axel Threfall interviewed an impressive series of government leaders and business and financial CEOs. Throughout the day staffers handed out Reuters magazine to everyone who passed by on the way to the Congress Center, and at sundown our executives gathered for an evening check in.

The town of Davos has been transformed into a warren of business offices, with companies such as RBS and Barclays renting entire storefronts as a meeting space and visibility center.

Others rent space in the Steigenberger Belvedere, but in all cases it’s business, business, business. Rumor has it some local shop owners pay their entire year’s rent on what some companies (not Thomson Reuters!) pay for one week.

More World Economic Forum coverage:

• Follow live and taped interviews with financial and government leaders online on Reuters Insider.
• Watch coverage and read what Reuters journalists are saying on Reuters.com.
• And catch up with our correspondent’s earlier posts: Davos Diary: Monday and Davos Diary: Tuesday

Some of the most interesting, provocative and salient quotes we heard around the 2013 World Economic Forum:

“We’re not interested in very high commodity prices, they hinder development of world and Russian economy” -Dmitry Medvedev, Russian Prime Minister

“Russia’s top priority is to make public bodies more efficient” -Dmitry Medvedev, Russian Prime Minister

“Today our civic society is different from 5-7 years ago; it’s more mature, more grown-up” -Dmitry Medvedev, Russian Prime Minister

“Africa offers huge demand: hundreds of millions of people entering the cash economy, looking for goods” -Graham Mackay, SABMiller Chairman

“If Africa’s dividends of democracy, prosperity are not shared, they can trigger huge conflict” -Louise Arbour, President & CEO of the International Crisis Group

“Africa’s story has been written by others; we need to own our problems and solutions and write our story” -Paul Kagame, President of Rwanda

“Chinese child born in 2010 will consume 40 times more than its grandparents: remarkable growth” - Rich Lesser, CEO of BCG

“Social media is strengthening supervision of Chinese officials, this is a good thing” – China Communist Party’s Li Jingtian

“Deficit reduction is necessary hygiene to protect against disaster, not basis for growth strategy” -Lawrence Summers

“Austerity is not the route to prosperity in any country where the interest rate is near zero. Not ever.” -Lawrence Summers

“The atmosphere around Italy has changed, there’s greater confidence in Italy’s ability to bounce back” -Mario Monti, Italian Prime Minister

“By 2025, 2/3 of world population will live in Asia. This can lead to cooperation, or to tension & competition” -Christine Lagarde, MD of IMF

“Europe faces issues, but its destiny shines through the smoke & fog. I’m optimistic about Europe’s future” -Christine Lagarde, MD of IMF

“Unless we take action on climate change, future generations will be roasted, toasted, fried and grilled” -Christine Lagarde, MD of IMF

Here are some pictures taken by our correspondents to give you a sense of what it’s like on the (cold) ground in Davos: (more…)

Last year, the inaugural issue of Reuters Magazine published to coincide with the World Economic Forum Annual Meeting in Davos, Switzerland. After its success and the success of its follow-up last summer at the Aspen Ideas Festival, Reuters is once again returning to Davos with a third issue: Reuters: A Way Forward, which will be distributed free to attendees at the event and is available to everyone for free download onto desktop and mobile devices from Reuters.com.

Since the world economic system fell off a ledge in 2008, recovery has been patchy and slow, and finding a way forward has been a challenge.  “Tackling that challenge is what Reuters and its parent, Thomson Reuters, do every day: harnessing information of all kinds from all places to help people make more intelligent decisions,” writes Reuters Editor in Chief Stephen J. Adler in his editor’s letter.  He adds, “and that’s what we attempt to do in this issue of Reuters: A Way Forward.”

Here, among the magazine’s original articles and features: (more…)