DAVOS, Switzerland, May 25 (Reuters) - The third day of the
World Economic Forum included calls for help from Ukraine,
support for ECB President Christine Lagarde's interest rate
plan, India sticking to a wheat export ban and Pakistan's new
foreign minister questioning its IMF deal.
Here's what you need to know:
ECB'S LAGARDE GAINS ALLIES
European Central Bank President Christine Lagarde gained key
allies for her plan to raise rates out of negative territory
this summer, even as one of her own board members expressed some
scepticism about the policy path ahead.
Dutch central bank chief Klaas Knot, among the most
conservative members of the ECB's Governing Council said he
fully backed this plan and Olli Rehn, Finland's central bank
chief, also voiced support for rate hikes in the summer, as did
the ECB's own chief economist Philip Lane.
CALL FOR ARMS
Western countries such as Germany must overcome reluctance
to supply Ukraine with modern weapons as Kyiv risks running out
of stocks, lawmaker Anastasia Radina said.
"We have only one choice, and this is to receive modern NATO
style weaponry because we cannot win the war with the Soviet
style weaponry that we have," Radina told Reuters.
Volkswagen Chief Executive Herbert Diess said he sees "clear
improvement" in semiconductor supplies and expects the German
carmaker's global production can recover during the rest of
Diess said disruptions to Volkswagen's supply chain in
Ukraine are also easing. Russia's invasion of Ukraine
temporarily halted production of wiring harnesses and other
components used in Volkswagen vehicles.
"The situation from Ukraine is under control now if nothing
bad really happens anymore we won't lose too many cars," he
International Monetary Fund Managing Director Kristalina
Georgieva on Wednesday said she worries about the trend toward
economic and political fragmentation.
She said the IMF worries about "the risk that we are going
to walk into a world with more fragmentation, with trade blocs
and currency blocs, separating what was up to now still an
integrated world economy."
DIFFICULT JUNCTURE ON IRAN
Talks with Iran aimed at ending a long standoff on
explaining the origin of uranium particles found at apparently
old but undeclared sites are at "a very difficult juncture",
U.N. nuclear watchdog chief Rafael Grossi said.
Grossi and Iran agreed in March on a three-month plan to get
to the bottom of the issue, which has been a source of tension
between Iran and Western powers even during wider negotiations
aimed at bringing Tehran and Washington back into full
compliance with the 2015 Iran nuclear deal.
INDIA WHEAT BAN
India has no immediate plans to lift a ban on wheat exports,
but will continue with deals which are done directly with other
governments, Commerce Minister Piyush Goyal told Reuters.
The world's second biggest producer of wheat banned private
overseas sales of the grain on May 14 after a scorching heat
wave curtailed output and domestic prices hit a record high.
Global wheat prices surged after the decision.
PAKISTAN FOREIGN MINISTER
An ongoing bailout deal between Pakistan and the
International Monetary Fund (IMF) is "outdated" given a number
of global crises, Pakistan's foreign minister said, as the
country struggles to implement targets set by the lender.
Bilawal Bhutto Zardari said it would be justified for
Pakistan to plead this case before the IMF in current talks.
Budweiser brewer AB InBev is "off track" in
reaching its goal of making 20% of its beer volume non-alcoholic
and low-alcohol by 2025, its chief sustainability officer Ezgi
Barcenas told Reuters.
"We are a little over 6% still," Barcenas said in an
interview on the sidelines of the World Economic Forum, adding:
"We are off track."
(Editing by Alexander Smith and Nick Zieminski)