Chauffeured black Audis, armored limousines and a fleet of shuttle vans crunched to a halt in the streets of Davos as a record number of financiers, corporate bosses and politicians struggled to navigate through five feet of Swiss Alpine snow previous week, the second-most in 66 years.
More than 2,600 participants of the 42nd World Economic Forum, 1,000 journalists and 13,000 residents forged their way through narrow roads that resembled St. Moritz’s natural-ice bobsled run. The traffic looked more like that in the Lincoln Tunnel, which links New York and New …

Sheryl Sandberg lingered on stage last week in Davos after leading a panel on “Women as the Way Forward,” and found herself surrounded by a dozen fans — all save one of them female.
Sandberg, the 42-year-old chief operating officer of Facebook Inc., accepted business cards and chatted with those seeking her attention. The co-chair of the World Economic Forum and her devotees that day constituted what was probably the most female-heavy gathering at Davos.
At a five-day meeting that was more than 80 percent populated by men, women often were a …

European shares rose on January 31 morning on optimism Greece was nearing a debt swap deal, while EU leaders agreed on a stricter budget discipline plan to prevent further debt build up in the region.
Earnings news was another boost for the market, with ARM Holdings (ARM.L) one of the top performers, rising 4.6 percent after fourth-quarter results beat forecasts.
The pan-European FTSEurofirst 300 .FTEU3 index of top shares was up 0.7 percent to 1,037.11 points at 0937 GMT, after ending at a two-week closing low on January 30. The index is …

Europe’s race towards fiscal integration saw another member drop out on January 30, as the Czech Republic joined the UK on the sidelines of a treaty to enforce tighter economic discipline within the single currency zone.
The 17 countries in the euro, and eight others, agreed to move forward with the treaty, proposed at the last meeting of European leaders in December. The pact will create new fiscal rules within member states, and give the European Court of Justice the ability to enforce them.
Countries will no longer be allowed to run …

The COMMERCIAL TIMES
Memorandum of Cooperation was signed on January 31 between the Ministry of  Education and Science of Georgia and the Georgian Chamber of Commerce and Industry (GCCI). The document, signed by Dimitri Shashki, the Minister of Education and Science of Georgia and Kakha Baindurashvili, President of the Georgian Chamber of Commerce and Industry, envisions involvement of GCCI members in the Ministry’s Students’ Summer Jobs Employment program.
According to the memorandum, the Ministry takes responsibility to inform GCCI about the students who will be involved in the program. The Ministry is …