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The Latest Breaking News from Davos

Davos 2023: UN chief urges 'credible' net-zero pledges or risk greenwashing

U.N. Secretary-General Antonio Guterres on Wednesday called on business leaders gathered at the World Economic Forum in Davos to follow the principles outlined by an expert group to make "credible", accountable net-zero pledges.

Reuters

IMF: Saudi Arabia Playing Important Role in Energy, Food Security

International Monetary Fund (IMF) Managing Director Kristalina Georgieva underscored on Wednesday the important role Saudi Arabia is playing in energy and food security. “Saudi Arabia takes its good fortunes to heart to play an important role in energy and food security,” she said at the World Economic Forum in Davos.…

Asharq Al-Awsat

UN chief

The head of the United Nations says the world is in a “sorry state” because of myriad “interlinked” challenges including climate change and Russia’s war in Ukraine

The Independent UK

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Davos 2023: Saudi-US partnership is crucial for global security, says Saudi envoy

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.

Reuters

Live updates | World Economic Forum gathering in Davos

Ukrainian first lady Olena Zelenska dabbed teary eyes before attending a World Economic Forum session in Davos, Switzerland, as she heard the news that a helicopter carrying Ukraine’s interior minister and other officials crashed in Ukraine

The Independent UK

Saudi Minister Says Efforts Underway to Stabilize Energy Security

Saudi Foreign Minister Prince Faisal bin Farhan said that his country is “working to stabilize energy security,” adding that the OPEC Plus has faced market fluctuations and worked for the benefit of both producers and consumers. In remarks during a session of the Davos 2023 World Economic Forum (WEF) on…

Asharq Al-Awsat

Economic historian Niall Ferguson says de-globalization is 'a mirage'

The worldwide use of software like TikTok undercuts the idea of de-globalization, he argues.

Fortune

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‘Tax us now’: ultra-rich call on governments to introduce wealth taxes

Disney heiress and actor Mark Ruffalo among ‘patriotic millionaires’ who addressed world’s elite at Davos

The Guardian - UK

At Davos, Sinema and Manchin high-five over keeping filibuster rule

Kyrsten Sinema and Joe Manchin — who foiled Democrats’ efforts to pass a voting-rights overhaul by a simple majority — shared a high-five on the stage in Davos as they reaffirmed their opposition to overturning the Senate’s filibuster rule.

Tribune News Service

Time to make the wealthy pay for development

The World Economic Forum's annual meeting in Davos, Switzerland, has always been more than a little problematic. But in recent years, the annual gathering of the rich and powerful has become an increasingly wasteful exercise in vanity. What is the point of all those private jets, luxury hotels, and clinking…

Bangkok Post

South Africans say no to energy price hike amid power shortage crisis

In tonight's edition: South Africa's energy crisis could land the government in court, as opposition groups and trade unions threaten to sue over a decade of crippling blackouts. Also, as the World Economic Forum kicks off in Davos, the head of the International Finance Corporation tells FRANCE 24 that now…

France 24

At Davos, Sinema and Manchin high-five over keeping filibuster rule

Tribune News Service

Larry Fink, the face of ESG, says ‘the attacks are now personal’ for the first time in his career. ‘They are trying to demonize issues.’

“It’s hard—because it’s not business anymore, they’re doing it in a personal way,” Fink said at the World Economic Forum in Davos.

Fortune

Davos 2023: EU's von der Leyen on her Green Deal Industrial Plan

EU Commission President Ursula von der Leyen outlined the bloc's Green Deal subsidy plan at the World Economic Forum on Tuesday, as the US and China push ahead with their own industrial subsidies for clean tech. FRANCE 24's Business Editor Kate Moody spoke with von der Leyen in Davos about…

France 24

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Fortune

Davos CEOs have never had a worse feeling about the global economy

The world's business leaders at Davos think the global economy is in for a rough few years. Do they know something we don't?

The Guardian - AU

Netherlands to send Patriot missile system to Ukraine; six children among dead in Dnipro strike – as it happened

Dutch prime minister Mark Rutte in Washington; death toll from Saturday’s Russian missile attack on a residential building rises to 45

Reuters

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

The first day of official programming at the World Economic Forum's (WEF) annual meeting kicked off on Tuesday with bold declarations by Europe and China in attempts to bolster their positions in the world.

The Conversation

Davos: three ways leaders can use these summits to create a more sustainable world

Davos 2023 is the World Economic Forum’s (WEF) first in-person annual meeting since the start of the COVID pandemic. The yearly gathering sees business, political and civil society leaders convene in the Swiss mountain resort with academics, journalists and celebrities to discuss global economic agendas. Many regard it as essentially…

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news in one place.

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The Guardian - UK

Davos day 1: China ‘passed peak Covid’; Kissinger backs Ukraine Nato membership, as first lady Zelenska seeks support – as it happened

Rolling coverage from the World Economic Forum in Davos, where vice-premier Liu He says China has passed its peak of Covid-19 infections

Reuters

DAVOS 2023: Spain says 'very close to deal' with Britain on Gibraltar

Spain's foreign minister said on Tuesday that Madrid and London were closing in on a deal to find a definitive solution settling the post-Brexit status of Gibraltar.

The Independent UK

Davos organizers: Musk wasn't invited despite what he says

The World Economic Forum says billionaire Elon Musk wasn’t on the guest list for the annual meeting of business executives, global leaders and cultural trend-setters in Davos, Switzerland — despite what the Twitter owner claims

Asharq Al-Awsat

Saudi Arabia, WEF Launch Innovation Accelerator, Explore Collaborations in Global Metaverse Village

A high-level delegation from Saudi Arabia participated in a multilateral meeting with the World Economic Forum’s (WEF) leadership at WEF’s 2023 Annual Meeting in Davos. Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs; Princess Reema bint Bandar Al Saud, Ambassador to the United States; Abdullah bin Amer Alswaha,…

Manchester Evening News

Why Manchester United have set up shop at World Economic Forum

Man Utd are being represented at the World Economic Forum in Davos, Switzerland amid ongoing takeover talks.

Axios

The mood from Davos: Not as bleak

Many key indicators have come in better than forecasters anticipate in recent months.

Fortune

Heathrow CEO to Davos: 'The wealthy people in this room' need to pay even more to make flying greener

Greener fuels carry higher costs.

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