Switzerland is the world's most competitive economy. That's according to the World Economic Forum, which is the organisation behind a meeting of the global elite in Davos every year. Singapore and the US come second and third in this year's ranking.

Also on the show, Royal Dutch Shell says it won't explore for oil off Alaska's coast for the foreseeable future. It's a blow to big oil in the Arctic but a victory for environmental campaigners.
 

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