The global economy faces an array of risks, from natural disasters related to climate change to increasingly sophisticated cyberattacks, according to experts polled by the World Economic Forum, which organises the annual gathering of political and business leaders in the Swiss resort of Davos.

Former Israeli president and Nobel Peace Prize winner Shimon Peres was making an "excellent" recovery today after treatment for a heart problem, his surgeon said.

Failure to mitigate adverse impact of climate change is the biggest risk facing the world this year with greater damage potential than even the weapons of mass destruction, says a WEF survey.