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The Latest Breaking News from Davos

Starmer to tell global finance UK will be ‘open for business’ under Labour

The Labour leader and shadow chancellor Rachel Reeves are joining the annual gathering of international movers and shakers in Davos.

The Independent UK

Blame it on big tech? The digital age's growing inequality gap

You won't see Elon Musk in Davos this year. He says it’s boring on Twitter, which he now owns, and which is still bleeding money. The same big losses are being seen at his electric car maker Tesla. But it would take a lot more for the billionaire to go…

France 24

Davos 2023: What you need to know about the WEF on Thursday

All eyes were on Greta Thunberg on Thursday as she called on the global energy industry and its financiers to end all fossil fuel investments at a high-profile meeting in Davos with Fatih Birol, the head of the International Energy Agency (IEA).

Reuters

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Putin foe Browder slams jacked-up fee to attend Davos event

Bill Browder, a leading critic of Russian President Vladimir Putin, criticized the World Economic Forum on social media for jacking up his entrance fee to the annual meeting in Davos that he has attended for the last 27 years

The Independent UK

Olaf Scholz steers clear of commitment to supply of Leopard 2 tanks to Ukraine

Zelenskiy warns against delaying military support after German chancellor’s reticence at Davos summit

The Guardian - UK

Zelenskiy uses Davos speech to intensify call for more tanks from allies

President says Ukraine needs heavy armour now but German chancellor is cautious about conflict escalating

The Guardian - UK

Davos 2023-Ukraine's Zelenskiy says tank supplies should come quicker

Ukrainian President Volodymyr Zelenskiy told the World Economic Forum on Wednesday that Western supplies of tanks and air defence units should come more quickly and be delivered faster than Russia was able to carry out its own attacks.

Reuters

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Davos 2023: Saudi FM urges Israel to engage seriously on resolving Palestinian conflict

Saudi Arabia's foreign minister Prince Faisal bin Farhan Al Saud urged Israel's new government on Wednesday to engage seriously on resolving the Palestinian conflict.

Reuters

Cisco’s CEO at Davos says most executives are ‘very optimistic’ about the economy's future—despite Americans' recession fears

While some Davos attendees warned of a looming recession, Cisco's CEO isn't worried. And Carlyle Group's co-founder argued that it might even be a good time to invest in stocks.

Fortune

‘Inherently speculative … slightly crazy’: Davos bigwigs snipe at crypto and call for more regulation

Senior Minister Tharman Shanmugaratnam of Singapore said instead of regulating crypto it may be better to emphasize it’s unregulated so investors can make their own decisions.

Fortune

Saudi FM Sees Progress on Yemen, Stresses Need to Reinstate Truce

Saudi Foreign Minister Prince Faisal bin Farhan bin Abduallah said on Wednesday progress was being made towards ending the Yemen war, but more work was needed, including reinstating a truce and transitioning to a permanent ceasefire. Prince Faisal said the conflict would only be resolved through a political settlement. He…

Asharq Al-Awsat

Davos 2023-Polish President says crucial to give Ukraine modern weapons

Polish President Andrzej Duda said on Wednesday he was afraid that Russia was preparing a new offensive in Ukraine within months, adding that it was crucial to provide additional support to Kyiv with modern tanks and missiles.

Reuters

Davos 2023: Saudi foreign minister sees progress to end Yemen conflict

Saudi Arabia's foreign minister said on Wednesday progress was being made towards ending the Yemen conflict, in which Riyadh leads a military coalition, but more work was needed, including reinstating a truce and transitioning to a permanent ceasefire.

Reuters

Reema bint Bandar: Saudi-US Partnership Is Crucial for Global Security

Saudi Arabia's ambassador to the United States said on Wednesday that maintaining the long-standing strategic partnership between Riyadh and Washington was "beyond critically necessary" for global stability. "Yes there was a moment of conflict and disagreement, but that doesn't take away from the fact that we are both strategic allies…

Asharq Al-Awsat

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Salon

Sinema, Manchin back filibuster at Davos

The senators flew to Switzerland to attend ritzy conference filled with billionaires

Reuters

Davos 2023: China recovery could be very quick - IMF's Gopinath

China could see a sharp recovery in economic growth from the second quarter onwards based on current infection trends after the dismantling of most COVID-19 restrictions, IMF Deputy Managing Director Gita Gopinath said on Wednesday.

The Independent UK

Taoiseach says some billionaires are all ‘fur coat and no knickers’

Leo Varadkar said it would be “remiss” of him not to attend the World Economic Forum in Davos for a day and a half this week.

The Conversation

Ukraine war: why Poland is piling pressure on allies to increase military support for Kyiv

Polish president Andrzej Duda has been putting pressure on Nato allies to support Ukraine with more tanks at the World Economic Forum in Davos. This is the latest attempt by Duda to rally other countries, and particularly Germany, to support Ukraine with heavy armaments.

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The Independent UK

Anger as Sinema and Manchin high five at Davos summit over pledge not to reform filibuster

Moment occurred at gathering of global elites and could be boon to a progressive challenger

Reason

Davos Elites Warn That Disinformation Is an Existential Threat to Their Influence

At the World Economic Forum, Brian Stelter and panelists discuss why everything is Facebook's fault.

Evening Standard

First lady of Ukraine’s tears for helicopter crash victims as she’s told at Davos about tragedy

At least 14 people, including a child and the country’s interior minister, died when the helicopter came down

Reuters

Davos 2023: Germany's Scholz upbeat on energy, warns on deglobalisation

Germany's energy supply for this winter is secure, Chancellor Olaf Scholz said on Wednesday, adding that the ability of Europe's largest economy to swiftly wean itself off Russian gas has shown how flexible and speedy it can be.

Reuters

Davos 2023: NATO chief calls for significant boost in arms for Ukraine

Ukraine needs a "significant increase" in weapons at a pivotal moment in Russia's invasion and such support is the only way to a negotiated peaceful solution, NATO Secretary-General Jens Stoltenberg said on Wednesday.

Axios

UN leader attacks fossil fuel companies in Davos for sowing doubt on climate change

"Some in big oil peddled the big lie," he said.

Radio France Internationale

'Tax us' say over 200 millionaires who back Oxfam's call to redistribute wealth

As the rich, famous and influential meet at the annual World Economic Forum in Davos, Switzerland, aid agency Oxfam says billionaires should be made obsolete. And 200 millionaires agree. In an open letter addressed to world leaders, they say they want to pay more tax "for the common good".

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