Five big themes are dominating the Davos agenda:

1. How will the rise of India and China alter the global balance of power?

2. How can Western economies cope with debt, austerity, joblessness and potentially years of low growth?

3. Will rapid economic growth in emerging economies trigger run-away inflation, and could it lead to dangerous bubbles? Economists at IHS Global Insight already compare China's property market to that in Japan before the big crash of the early 1990s.

4. How are digital media and technology changing not just whole industries, but human society?

5. And as the enemies of the World Economic Forum (WEF) seem to have disappeared, the capitalists in Davos have to be their own best critics, with a series of sessions examining the failings of the global economic system - from poverty to inequality, resource problems and green issues.

A popular topic at Davos is whether the event "will get it wrong again" - as in 2007 and even 2008, when many business leaders failed to sport the imminent financial and economic meltdown. That may be true, but the organisers can console themselves with the fact that the rest of the world tends to get it even more wrong than the Davos consensus.

Thousands of demonstrators remained in the city centre around Tahrir Square late into the night, vowing to camp out overnight. Activists had called for a "day of revolt" in a web message. Protests are uncommon in Egypt, which President Hosni Mubarak has ruled since 1981, tolerating little dissent.

US Secretary of State Hillary Clinton said her administration supported "the fundamental right of expression and assembly" and urged all parties "to exercise restraint". She added that Washington believed the Egyptian government was "stable" and "looking for ways to respond to the legitimate needs and interests of the Egyptian people".

The events in Cairo were co-ordinated on a Facebook page - tens of thousands of supporters clicked on the page to say they would take part. The microblogging website, Twitter, has confirmed that its website has been blocked in Egypt. Twitter said it believed the open exchange of information and views was a benefit to societies and helped government better connect with their people.

Protests also broke out in other areas, including the eastern city of Ismailiya and the northern port city of Alexandria. In Alexandria, witnesses said thousands joined the protests, some chanting: "Revolution, revolution, like a volcano, against Mubarak the coward." Cairo resident Abd-Allah told the BBC that by Tuesday night some protesters were saying they wouldn't give up until President Mubarak had gone. "People are behaving as if they are ready to die," he said.

"The atmosphere is very tense, it feels like a revolution. I see people who are determined, people who have nothing to lose, people who want a better future." Reports said protesters had earlier gathered outside the Supreme Court holding large signs that read: "Tunisia is the solution." The organisers rallied support saying the protest would focus on torture, poverty, corruption and unemployment, calling it "the beginning of the end".

Two-thirds of the US could become uninhabitable as toxic air sweeps through it, grounding thousands of flights and forcing millions to leave their homes. This is the nightmare that scientists are predicting could happen if the world's largest super-volcano erupts for the first time in 600,000 years, as it could do in the near future.

Yellowstone National Park's caldera has erupted three times in the last 2.1 million years and researchers monitoring it say we could be in for another eruption. They said that the super-volcano underneath the Wyoming park has been rising at a record rate since 2004 - its floor has gone up three inches per year for the last three years alone, the fastest rate since records began in 1923.

The University of Utah's Bob Smith, an expert in Yellowstone's volcanism told National Geographic: 'It's an extraordinary uplift, because it covers such a large area and the rates are so high. Mr Smith, professor of geophysics at the University of Utah, who has led a recent study into the volcano, added: 'Our best evidence is that the crustal magma chamber is filling with molten rock.'

The Yellowstone Caldera is one of nature's most awesome creations and sits atop North America's largest volcanic field. Its name means 'cooking pot' or 'cauldron' and it is formed when land collapses following a volcanic explosion. In Yellowstone, some 400 miles beneath the Earth's surface is a magma 'hotspot' which rises to 30 miles underground before spreading out over an area of 300 miles across. Atop this, but still beneath the surface, sits the slumbering volcano.

More than 30 heads of state, over 1,400 business leaders and eight central bank chiefs will flock to Davos, an expensive Swiss ski resort, for the Forum which opens on Wednesday. The WEF named the risk that parlous government finances will trigger sovereign debt defaults as one of the biggest threats facing the world in 2011 in a report published before the meeting. Klaus Schwab, who chairs the Forum, said nations were suffering from "global burnout syndrome" and were too weak to tackle the plethora of inter-related threats facing business and governments.

Rising prices for food, fuel and metals have raised concerns about inflation globally. They could also lead to protectionism and the kind of unrest seen in Tunisia and Algeria in recent weeks. High food prices could also hit consumer spending in fast-growing emerging markets and endanger the fragile recovery in the world economy. "If we don't do anything (about rising food prices) we run the risk of food riots in the poorest countries and a very unfavorable effect on global economic growth," Sarkozy said on Monday.

Michala Marcussen, head of global economics at French bank Societe Generale, says Davos provides a platform for European leaders to explain the region's debt situation to the rest of the world. "What makes Davos unique is the mixing of business leaders and policymakers. Davos will be one of the opportunities for European policymakers to know how the rest of the world sees and understands the European situation," she said.

The EFSF, set up in May to provide financing, can borrow money on the market with euro zone government guarantees of up to 440 billion euros - insufficient if both Portugal and Spain apply for emergency financing. Germany is key to any changes to the euro zone agreement but has so far resisted calls to increase the size of the fund. "We are shifting toward a new economic governance model, a process driven by Germany. It will be done step by step," Marcussen says.

Monday's violence followed a bloody Sunday that left an officer in Indianapolis critically wounded during a traffic stop shooting, four officers in Indianapolis wounded after a gunman opened fire in a precinct and two more officers in Washington wounded in a shootout in a Walmart parking lot. "It's not a fluke," Richard Roberts, a spokesman for the International Union of Police Associations, told MSNBC.com. "There's a perception among officers in the field that there's a war on cops going on."

While all the shootings don't appear to be connected, Roberts says they have one thing in common. "We don't have any data, but there seems to be a type of criminal out there looking to thwart authority," he told the station. According to National Law Enforcement Officers Memorial Fund, an organization that tracks police casualties, there have already been as many officer deaths in January 2011 as in January of last year. The organization reported that officer deaths were 43 percent in 2010 compared to 2009.

Berisha accused the socialist opposition of wanting to trigger "a Tunisian-style scenario for Albania" by staging "a coup to seize power by force," AFP reported. Tens of thousands of people took to the streets for an anti-government protest called by the socialist opposition on 21 January. The demonstration ended with violent clashes between protesters and the police, and three people were killed.

Albania's President Bamir Topi and Western envoys urged warring political parties to settle their differences and called on security forces to launch investigations into the three people deaths. Prosecutors said on Sunday that police had not yet acted on arrest warrants issued for six republican guardsmen suspected of carrying out the shootings in Friday's confrontation.

Berisha and opposition Socialist Party leader Edi Rama blamed one another for the deaths, with each side promising new rallies in an escalating political row. "Restoring political dialogue, respect for the institutions of the state and the expression of maturity and balance is of a vital importance for the present and European future of Albania," a statement from President Bamir Topi and US and European Union ambassadors said on Saturday evening. They said it was "indispensable that law enforcement institutions cooperate with each other to conduct a transparent, professional and unbiased investigation".

One of Europe's poorest countries, Albania is part of NATO but the European Union rejected its application last year to become an official candidate for membership of the bloc, urging it to fight corruption and establish a functioning democracy and the rule of law.

The European Central Bank signaled it could raise interest rates this year to quell inflationary pressure in the euro zone. Last week Brazil's central bank raised interest rates half a percent. As for China, the country raised its rates twice in 2010 and is expected to do so again very soon. Peter Schiff, President of Euro Pacific Capital has been sounding alarm bells on impending inflation for quite sometime. Now that it's finally here, he tells Aaron rising prices have got nothing to do with the conventional wisdom the government would like you to believe.

From the weather, to speculators, to greedy corporations, inflation's "got nothing to do with those factors" and everything to do with the money supply, says Schiff. Inflation "is the consequence of what the government has done to try to stimulate the economy," he says, referring to quantitative easing and stimulus spending. Basically, the Fed has had to print money in order to pay for this country's huge deficits, which in turn has pushed up the price of just about everything priced in dollars, which remains the world's reserve currency.

In the case of China, "the only way it can stop its inflation problem is to stop importing it from us, which means... they have to let their currency rise," Schiff says. As resistant as the Chinese have been to doing this, Schiff believes that they are slowly, but surely, starting to realize their economy could benefit from a stronger currency - more purchasing power and a greater standard of living. If that happens, "the US had better brace itself," says Schiff. "It will unleash an inflationary nightmare here in the United States."

"As the Chinese currency increases in strength, the dollar must decrease," he explains. "And, so Americans would experience higher prices, falling purchasing power and a lower standard of living."

The Japanese company reported 8.42 million sales worldwide last year. That's 30,000 more than GM's 8.39 million in global sales for 2010. GM expects its sales growth to continue, and industry analysts say it may dethrone Toyota as the global sales leader this year. The news came the same day that GM announced it was adding a shift and workers to a plant in Flint, Michigan, that makes hot-selling pickup trucks.

GM and Toyota tied for the global sales lead in 2007, ending GM's 76-year string of dominance. Toyota took the title in 2008 and has held it ever since, but last year's string of embarrassing safety recalls and a resurgent GM combined to make the race close again.

Hezbollah and its allies earlier won the nomination of their candidate Najib Mikati as the next prime minister. The US expressed "great concern" over Hezbollah dominating government. "Our view of Hezbollah is very well-known. We see it as a terrorist organisation, and would have great concerns about a government within which Hezbollah plays a leading role," State Department spokesman PJ Crowley said. "The larger the role played by Hezbollah in this government the more problematic our relationship will be."

Lebanon's national unity cabinet collapsed on 12 January after a row over a UN tribunal investigating the 2005 murder of Mr Hariri's father, Rafik. Saad Hariri had refused to renounce the UN inquiry that correspondents say will blame senior Hezbollah figures for the murder. Hezbollah says the investigation is politically motivated. Reports on Monday said demonstrations broke out in various regions with a significant Sunni Muslim population.

He ordered increased security across Russia's capital, its airports and other transport hubs. Mr Medvedev also called an emergency meeting with officials and also postponed his planned departure for this week's World Economic Forum at Davos.

The airport - the busiest serving Russia's capital - is 40km (25 miles) south-east of the city centre. Russian investigators said two Britons were among the dead. Footage from mobile phones showed the arrivals area filled with smoke, with bodies strewn across the floor, shortly after the attack around 1630 (1330 GMT). BBC security correspondent Gordon Corera said immediate suspicion about Monday's attack would fall on militants from the Caucasus region.

Militant groups fighting in the Caucasus know how important the perception that the president and prime minister provide a secure society is, and to undermine that is a key aspect of their aims, adds our correspondent. Last March the Russian capital's underground system was rocked by two female suicide bombers from Russia's volatile Dagestan region, who detonated their explosives on the busy metro system during rush hour, killing 40 people and injuring more than 80.

The latest leaks show the Palestinians agreed to limit the number of refugees allowed to return to their homes in what is now Israel under a peace deal. The BBC has been unable to verify the documents independently. The documents have been released by al-Jazeera TV, which says it has more than 1,600 confidential records of meetings, e-mails, and communications between Palestinian, Israeli and US leaders covering the years 2000-2010.

The papers, believed to have originated from the Palestinian side, show an apparent willingness to accept Israel's annexation of much of East Jerusalem. They reportedly proposed an international committee to take over Islamic and Jewish holy sites in Jerusalem, and offered to limit the number of refugees returning to a future Palestinian state to 100,000 over 10 years. These highly-sensitive issues have previously been non-negotiable. All were apparently rejected by the Israelis.

Palestinian negotiators are said to have proposed an international committee to take over Jerusalem's Temple Mount/Haram al-Sharif, which houses the Dome of the Rock and al-Aqsa Mosque - Islam's third holiest site.

The Dublin meeting is of the 38 leaders, or primates, of autonomous Anglican churches around the world. The Episcopal Church in the United States - headed by Presiding Bishop Katharine Jefferts Schori - has recently defied other Anglican churches by ordaining a lesbian bishop, and authorising services for the blessing of same-sex relationships.

The archbishops boycotting the meeting have become disillusioned by what they see as the failure to act on views they have expressed in the past. Some have called for the Archbishop of Canterbury, Rowan Williams, to be replaced as the figure around which the Communion unites.

According to BBC religious affairs correspondent Robert Pigott, the boycott reflects growing frustration among traditionalist archbishops - several from Africa - about what they see as the lack of effective sanctions against the American church. Worryingly for Dr Williams, the absent primates will include at least three normally considered moderate, our correspondent added.

- 'Perfect storm' of issues will bring widespread starvation if nothing is done

- World will need '40% more food, 30% more water and 50% more energy' by middle of the century

- 'Scaremongering' over GM foods is no longer acceptable, says UK science chief

- Global population to grow to 9 billion by 2050

Spiralling food prices will push hundreds of millions of people into hunger, trigger mass migrations and spark riots around the world, the report warned. And in the UK, the price of everyday basics like bread, rice and milk will spiral to inflation-busting record prices within the next few decades. The report called for 'urgent action' to prevent food shortages and said genetically modified crops may be needed to prevent famines.

The warning comes as global food prices are already at a record high. Last month the price cereals, sugar and meat soared on the world's markets after a series of crop failures caused by bad weather. The new report comes from Foresight, a think tank set up to predict future crises. It predicted that the world's population would rise from 6.9 billion today to around 9 billion by the middle of the century.

As the world gets more crowded and more wealthy, demand for food, water and energy will soar. At the same time, climate change will increase the risk of droughts, floods and crop failures - creating a 'perfect storm' of food shortages and above inflation hikes in prices. 'There is a very large risk of a quite substantial increase in prices over the next 30 or 40 years,' said co-author Professor Charles Godfray of Oxford University. 'We are going to have to produce considerably more food. So inescapably we are going to have to produce more food from the same amount of land without wrecking the environment.'

Households would be given a set number of free energy 'tokens' which would be offset against any fuel burnt in a vehicle or at home, under the proposals made by the All Party Parliamentary Group on Peak Oil. Under the Tradable Energy Quotas programme, surplus energy units could be sold and extra tokens bought.

The Coalition Government has so far insisted it has no plans to implement the scheme. But the all-party committee of 20 MPs said its proposals were necessary to deal with global energy shortages and the climate change crisis. It comes as the RAC Foundation warned that fuel could hit 1.75 pounds a litre - 8 pounds a gallon - in parts of the country by the summer. Prices of 1.50 pounds a litre are already being charged in the Orkney Isles.

'Tradable Energy Quotas are the only way we can reduce carbon emissions and at the same time guarantee that everyone gets fair access to limited energy supplies,' said Shaun Chamberlin, co-author of the report into TEQs. But Luke Bosdet of the AA dismissed the idea as an 'academic's brainwave typically out of touch with reality', according to the Daily Express. He told the newspaper: 'It sends alarm bells ringing because of its administration and fears of exploitation.

Government sources say Chancellor George Osborne is looking at plans to slash fuel costs for British truck drivers. Ministers believe that would prevent a repeat of the fuel blockades in cities and on British motorways which brought the country to a grinding halt in 2000. The plans being examined would see hauliers claim back VAT on their petrol and diesel costs - or see road tax cut for lorry drivers. Foreign truckers could also be charged extra for using British roads in order to level the playing field for UK hauliers.

Boris Johnson weighed into the row about fuel taxes last night, calling on the Prime Minister to protect motorists from soaring oil prices. He said last night: 'If I were the government, I would think seriously about that fuel duty stabiliser because when it costs more to fill your tank than to fly to Rome, something is seriously wrong.'

The La Nina weather phenomenon - little girl in Spanish - is causing havoc all over the world as it destroys crops and floods mines. It has already hit the price of coal, rubber, soybeans, palm oil and wheat - and the phenomenon is expected to last until at least April. La Nina is a weather event that sees surface waters in the central and eastern Pacific Ocean cool. This brings heavy rainfall to places such as Australia, Indonesia, Brazil and Colombia - and causes dryness in California and the southern US. La Nina is a regular and predictable event. Unfortunately, this year it is much worse than normal.

"The solid record of La Nina strength only goes back about 50 years and this latest event appears to be one of the strongest ones over this time period," Bill Patzert, a climatologist at NASA's Jet Propulsion Laboratory in California said. Dr Rob Allan, a scientific manager at the Met Office, agrees. He even raises the prospect of a "double event". "The average lifecycle of La Nina indicated that there are a few months left to run - but it is not unknown that it can carry on for much longer." However, current models suggest that the weather system will weaken in the coming months.

The most high profile event hitting business has been the devastating floods in Queensland, Australia, which have washed away infrastructure and closed mines. They have resulted in A$2.3 billion (1.4 billion pounds) of lost coal sales for the mining industry, according to the Queensland Resources Council. This sent the spot price of coking coal soaring to as high as $370 a tonne, significantly higher than the first quarter contract price of $225. This is bad news for steel makers, which were already suffering from a jump in the price of iron ore.

But it is not just miners that could see their finances hurt by La Nina weather patterns. The weather has hit agriculture hard in Asia - and prices of products used in manufacturing such as rubber and palm oil have been on the rise. Rains in Brazil have hit crop production - and even the price of fruit is expected to soar in the country, which is battling significant inflation. In Sao Paulo, lettuce, broccoli, watercress and cauliflower production have reportedly fallen by 20 per cent, prompting a 60 per cent rise in vegetable prices.

Inflation is a real threat to the global economy and concerns are mounting that central banks may have to increase rates earlier than they wanted - putting the recovery at risk. This little girl could have a very big impact over the next few months.