Senior Correspondent, London
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Jan 23, 2015

India to open coal to commercial mining firms soon, minister says

DAVOS, Switzerland, Jan 23 (Reuters) – India expects to hold
auctions for private firms to mine and sell coal in the near
future, the country’s coal and power minister Piyush Goyal said
but first wants to deal with mines that are directly linked to
plants that use the fuel.

To boost output and cut imports, Prime Minister Narendra
Modi passed an executive decree in December to open up India’s
nationalised coal industry. Bids have been invited from firms
that use coal for their own power, steel or cement plants.

Jan 23, 2015
Jan 23, 2015
Jan 23, 2015
Jan 23, 2015

Davos bosses fret over threats to Internet free trade

DAVOS, Switzerland (Reuters) – Business leaders pushing for frictionless free trade have something new to worry about: the potential break-up of the Internet, which today forms the backbone of the global economy.

The issue is a hot topic at this year’s World Economic Forum in Davos, and the forum is seeking to provide a platform for debate over ways to maintain an open, cross-border Web in the face of pressures for national regulation.

Jan 23, 2015

After Ebola, flu and drug resistance top pandemic threats

DAVOS, Switzerland (Reuters) – The worst-ever Ebola epidemic is waning, but after ravaging three West African nations and spreading fear from Dallas to Madrid, it has hammered home the message that the world needs a better detective system for emerging diseases.

Risks posed by pandemic threats such as deadly strains of flu and drug-resistant superbugs have shot up the agenda of global security issues at this year’s World Economic Forum in Davos as politicians and scientists grapple with the lessons from an Ebola outbreak that has killed more than 8,600 people.

Jan 22, 2015
Jan 22, 2015

Vaccines group seeks $7.5 bln as disease fight reaches peak

DAVOS, Switzerland, Jan 22 (Reuters) – The GAVI global
vaccines alliance is seeking to raise $7.5 billion at a funding
conference in Berlin next week, as its battle to prevent
infectious diseases in millions of children reaches an expected

The non-profit organisation, launched in Davos 15 years ago,
aims to immunise another 300 million children between 2016 and
2020, saving an estimated 5-6 million lives.

Jan 22, 2015

Novartis CEO says reviewing Swiss costs after franc shock

DAVOS, Switzerland, Jan 22 (Reuters) – Novartis
will review its Swiss cost base after the country’s central bank
scrapped a cap on the franc last week, sending the currency
soaring, the Swiss drugmaker’s chief executive said on Thursday.

“We’ll have to take a hard look at what’s in Switzerland and
what could move outside,” Joe Jimenez told Reuters on the
fringes of the World Economic Forum in Davos.

Jan 21, 2015

Incoming Takeda CEO ready to do deals after refocusing drug company

DAVOS, Switzerland (Reuters) – Takeda Pharmaceutical, Japan’s largest drugmaker, is ready to look at doing deals now that it has refocused operations, its incoming chief executive said on Wednesday.

Christophe Weber, who will become the company’s first foreign boss when he is promoted from chief operating officer (COO) in June, said he is anxious to screen opportunities as the global pharmaceuticals sector goes through a record wave of deal-making.

    • About Ben

      "Ben Hirschler is European pharmaceuticals, biotechnology and healthcare correspondent, based in London. Previously, he was in charge of British company news and before that was posted to Johannesburg, covering the economic challenges facing post-apartheid South Africa."
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