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| The Latest: Iraqi PM asks Turkey to pull troops out of Iraq | |
| (about 1 hour later) | |
| DAVOS, Switzerland — The latest developments from the World Economic Forum in Davos, Switzerland, where top executives and world leaders are meeting this week. All times local. | DAVOS, Switzerland — The latest developments from the World Economic Forum in Davos, Switzerland, where top executives and world leaders are meeting this week. All times local. |
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| 12:30 p.m. | |
| Iraq’s prime minister is appealing to Turkey to pull its troops out of Iraqi territory and help better fight the radical Islamic State group. | |
| Haider al-Abadi told The Associated Press that he’s “very keen” to have good ties with Turkey but that Ankara hasn’t responded to his government’s question about why Turkish troops are in Iraq. “We have to have an answer,” he said. | |
| Turkey has had troops near the IS-controlled city of Mosul in northern Iraq since 2014. The arrival of additional troops last month sparked an uproar, and Ankara subsequently halted new deployments. | |
| The Iraqi leader also spoke Friday in a World Economic Forum panel discussion in Davos, Switzerland about efforts to stabilize the Middle East. | |
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| 12:00 p.m. | |
| The European Union’s top foreign policy official says the bloc faces big economic risks if its member countries start putting up walls between each other that restrict borderless travel. | |
| Federica Mogherini warned about what would happen to trade and business if the so-called Schengen agreement, which allows free movement of people and goods across 26 countries, gets steadily disbanded due to concerns over migration and security. She said: “We are doing studies of that and it is impressive.” | |
| Mogherini, who was speaking at a panel at the World Economic Forum, said that if you add “the cost of the fragmentation of the European Union” to Europe’s economic difficulties “then we really risk something much bigger than the protection of the welcoming of refugees.” | |
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| 10:45 a.m. | 10:45 a.m. |
| A top Russian official says his country needs to work fast to diversify the oil-dependent economy, amid new trouble for the ruble and a bleak outlook for the year. | A top Russian official says his country needs to work fast to diversify the oil-dependent economy, amid new trouble for the ruble and a bleak outlook for the year. |
| Deputy Prime Minister Yuri Trutnev also expressed hope for greater understanding from the West. | Deputy Prime Minister Yuri Trutnev also expressed hope for greater understanding from the West. |
| “This is the responsibility of the government to enact reforms quickly to diversify the Russian economy and to replace the diminishing income from oil prices,” Trutnev said Friday at the World Economic Forum in the Swiss resort of Davos. He said he hopes Russia boosts domestic production and builds “the foundation for a new economy” in the coming two or three years. | “This is the responsibility of the government to enact reforms quickly to diversify the Russian economy and to replace the diminishing income from oil prices,” Trutnev said Friday at the World Economic Forum in the Swiss resort of Davos. He said he hopes Russia boosts domestic production and builds “the foundation for a new economy” in the coming two or three years. |
| Despite current East-West tensions, former Finance Minister Alexei Kudrin said Russia should be a part of Western institutions such as the Group of Seven and the OECD. | Despite current East-West tensions, former Finance Minister Alexei Kudrin said Russia should be a part of Western institutions such as the Group of Seven and the OECD. |
| He said low oil prices “reshaped our reality” and predicted a risky 2016 for the Russian economy. | He said low oil prices “reshaped our reality” and predicted a risky 2016 for the Russian economy. |
| Russia’s Central Bank chief was supposed to head the Russian delegation at the Davos gathering of business and political leaders, but pulled out at the last minute as the ruble hit historic lows. | Russia’s Central Bank chief was supposed to head the Russian delegation at the Davos gathering of business and political leaders, but pulled out at the last minute as the ruble hit historic lows. |
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| 9:45 a.m. | 9:45 a.m. |
| Christine Lagarde, the French woman who is head of the International Monetary Fund, says she wants another term. | Christine Lagarde, the French woman who is head of the International Monetary Fund, says she wants another term. |
| Lagarde told France-2 television on Friday that she wanted to continue at the helm of the organization, which has coordinated bailouts for countries and monitors economic reforms globally. Britain and Germany gave key backing Thursday, and Lagarde said she had also received support from China, South Korea and Mexico. | Lagarde told France-2 television on Friday that she wanted to continue at the helm of the organization, which has coordinated bailouts for countries and monitors economic reforms globally. Britain and Germany gave key backing Thursday, and Lagarde said she had also received support from China, South Korea and Mexico. |
| Developing countries have increasingly opposed an informal arrangement by which a European heads the IMF. The sister organization, the World Bank, has until recently typically been led by an American. | Developing countries have increasingly opposed an informal arrangement by which a European heads the IMF. The sister organization, the World Bank, has until recently typically been led by an American. |
| Lagarde spoke from Davos, Switzerland on the sidelines of the World Economic Forum of business leaders and public figures, amid turmoil in global markets. | Lagarde spoke from Davos, Switzerland on the sidelines of the World Economic Forum of business leaders and public figures, amid turmoil in global markets. |
| Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. | Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. |