Darling ducks out as dark clouds hang over 'downturn Davos'

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Last Modified: 29 Jan 2009
By: Faisal Islam

Fears of protectionism, global instability and the failure of politicians to cope haunt those gathered at the economic summit in Davos.

There were plenty more warnings for western leaders at Davos today. India's trade minister joined the head of the world trade body, urging countries not to safeguard their own national interests and jobs at the expense of others.

Little wonder perhaps that the Chancellor Alastair Darling has just cancelled his plans to attend.