The word in Davos: Ignore the tweets. Executives gathered in the Swiss resort for the World Economic Forum last week kept repeating, like a soothing mantra, that Donald Trump is at heart a pragmatist who will avoid trade wars and regulations that make it harder to do business.

Ikea says it will invest $1.1bn in forestry and companies developing recycling technologies, renewable energy and biomaterials as part of the retail giant's plan to secure a long-term supply of sustainable materials for its products.

Amazon's U.S. patent for one-click payments will expire this year, allowing other retailers to incorporate the same technology on their websites.