Davos Diary: Trapped without life support at 5,000 feet — a survivor’s tale

Exterior view of the of the snow covered Steigenberger Grandhotel Belvedere in Davos, Switzerland, onJan. 15, 2019. (Gian Ehrenzeller/Keystone via AP)
Updated 26 January 2019

Davos Diary: Trapped without life support at 5,000 feet — a survivor’s tale

  • It was time to head to another event in the Belvedere, when I realized my backpack was missing
  • Despite what happened, I slept like a baby, waking at 7am to the news that my bag had been found in the Belvedere

Here is the nightmare scenario: You are 5,000 feet up a snowy Alpine mountain in sub-zero conditions. Your only contact with the outside world is via a variable mobile signal, and the precious life support system that you carry on your back.

Your World Economic Forum backpack contains everything a journalist needs to survive in these savage conditions — laptop, notebook, hotel key, charging leads and other essential connectables. Its reassuring weight on your shoulder has sustained you for several life-threatening days.

Suddenly, it is gone. Panic. Terror. Intimations of imminent mortality.

This was the situation I found myself in the other night at the Standard Aberdeen cafe next door to the Belvedere hotel in the beating heart of Davos. You cannot miss the Staberdeen, as it’s known, because it has a Scottish Highland piper playing at top decibels outside. 

It had been a very convivial hour or so in the cafe, where Aberdeen founder Martin Gilbert puts on one of the best bashes of the whole WEF extravaganza. His generosity is limitless, his guest list formidable.

I was standing at the bar in search of refreshment when I looked around at the two gentlemen engaged in conspiratorial conversation next to me, and recognized Liam Fox, the British minister for International trade, and David Davis, former minister for Brexit.

There are no prizes for guessing their subject of conversation. As a result of my eavesdropping, however, I can confirm that Theresa May, the UK prime minister, will definitely not be coming to Davos, contrary to rumors that she might put in an unscheduled appearance.

There were many old friends from my days on Fleet Street, including William Lewis, who was a humble hack when I knew him back then but who has risen to illustrious heights and is now CEO of Dow Jones, publisher of the Wall Street Journal.

Will jokily reminded me of my old nickname on the Street of Shame, but which I don’t have space to explain here.

All that was fun, but it was time to head to another event — the CNBC/Financial Times “nightcap” — in the Belvedere, when I realized my backpack was missing. It was not in the place that I had left it on arriving at the cafe.

The very considerate Staberdeen people mounted an exhaustive hunt of the premises. A black backpack with “WEF” printed on it is not uncommon in Davos, and many lookalikes were found. But there was no trace of mine. Obviously somebody had taken it in error and would return it when they realized their mistake.

There was nothing for it but to quench my panic in the Staberdeen. For a pleasant interlude, I forgot my predicament, while lamenting I would not be able to mix with the glamorous people from CNBC.

I had a very interesting chat with Mike Corbat, CEO of the big American banking group Citigroup, who had a rather more benign take on the state of the global economy than most people at Davos — though he was concerned at the news from Venezuela.

Some American oil execs at the do were also worried about the news from Caracas, but offered the view that the US energy giant ExxonMobil stood ready to support the Venezuelan people by getting their oil industry back up and running quickly, if they got the call.

Two hours passed, and still no news of my life support. There was nothing for it but to head back to my Klosters hotel (arranged very kindly courtesy of an Uber on Staberdeen’s account), to wake Walter, the proprietor of the Cresta Hotel, and seek entry to my room.

Maybe it was the Staberdeen hospitality, maybe the unexpected freedom from work responsibilities conferred by the missing laptop, but I slept like a baby, waking at 7am to the news that my bag had been found in the Belvedere. High-altitude life could resume.

 

• Frank Kane is an award-winning business journalist based in Dubai. Twitter: @frankkanedubai


Arab News recording exposes Nissan lawyer’s lie on IMF bailout for Lebanon

Updated 01 June 2020

Arab News recording exposes Nissan lawyer’s lie on IMF bailout for Lebanon

LONDON: Arab News has published the recording of an interview with a Nissan lawyer after he denied saying that a bailout of Lebanon by the International Monetary Fund (IMF) was linked to the extradition of fugitive tycoon Carlos Ghosn.

The former Nissan chairman fled to Beirut in December from Japan, where he faced charges of financial wrongdoing.

In a story published in Arab News Japan on Saturday, Sakher El Hachem, Nissan’s legal representative in Lebanon, said the multibillion-dollar IMF bailout was contingent on Ghosn being handed back to Japan. 

The lawyer said IMF support for Lebanon required Japan’s agreement. Lebanese officials had told him: “Japan will assist Lebanon if Ghosn gets extradited,” the lawyer said

“For Japan to agree on that they want the Lebanese authorities to extradite Ghosn, otherwise they won’t provide Lebanon with financial assistance. Japan is one of the IMF’s major contributors … if Japan vetoes Lebanon then the IMF won’t give Lebanon money, except after deporting Ghosn.”

On Sunday, El Hachem denied making the comments. “The only thing I told the newspaper was that there should have been a court hearing on April 30 in Lebanon, but it was postponed because of the pandemic,” he said. In response, Arab News published the recording of the interview, in which he can be clearly heard making the statements attributed to him. 

Japan issued an arrest warrant after Ghosn, 66, escaped house arrest and fled the country.