The Latest Breaking News from Davos

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 · Jan 18, 2023

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 · Jan 18, 2023

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 · Jan 18, 2023

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 · Jan 18, 2023

‘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 · Jan 18, 2023

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 · Jan 18, 2023

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 · Jan 18, 2023

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 · Jan 18, 2023

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 · Jan 18, 2023

Sinema, Manchin back filibuster at Davos

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

Salon · Jan 18, 2023