Champagne On Ice As Sober Mood Engulfs Davos

They normally come by private jet, for a few days of high-octane dealmaking and maybe a little aprés-ski on the side.

Every January, the Swiss resort of Davos plays host, strictly by invitation only, to the richest and most powerful people on the planet: tycoons and politicians are assembled by the World Economic Forum (WEF) for its annual summit that usually shapes the global economy for years to come. High-end hotels, restaurants and bars put the champagne on ice as deals worth billions are concluded.

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