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The Latest Breaking News from Davos

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

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

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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

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?

Fortune

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

The Guardian - AU

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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.

Reuters

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…

The Conversation

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

The Guardian - UK

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.

Reuters

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

The Independent UK

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,…

Asharq Al-Awsat

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.

Manchester Evening News

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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.

Reuters

Davos 2023: Saudi FM says Riyadh trying to find path to dialogue with Iran

Saudi Foreign Minister Prince Faisal bin Farhan Al Saud said the kingdom was trying to find a path to dialogue with Iran as the best way to resolve differences.

Newsroom.co.nz

Rocks ahead! Leaders struggle at the helm of the world economy

As food prices soar a near record 11.3 percent today, there's a new outcrop of inflation looming, Jonathan Milne reports. NZ and the world now face a hard landing in which millions may lose their livelihoods.

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Reuters

Davos 2023: Ukraine's first lady to deliver letter from Zelenskiy for China

Ukraine's first lady told the World Economic Forum on Tuesday she would deliver a letter to China's delegation setting out President Volodymyr Zelenskiy's proposals for ending Russia's war against his country.

The Guardian - UK

Ukraine urges world leaders to intensify war efforts on first day at Davos

At World Economic Forum, country’s officials ask allies to step up military supplies to defeat Russia

Fortune

Unilever CEO says food prices are going higher, but Conagra diagrees

Warning at Davos contradicts Conagra CEO comments from last week.

Reuters

Davos 2023: Finland's Marin vows years of Ukraine support

Finland is prepared to support Ukraine in its war with Russia for as long as necessary, Finnish Prime Minister Sanna Marin said on Tuesday while speaking at the annual World Economic Forum in Davos.

Reuters

Davos 2023: Global growth to bottom out this year - IMF's Georgieva

International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday global economic growth was expected bottom out in 2023 despite the continued Ukraine war and rising interest rates.

Bangkok Post

China back to 'normal', says vice-premier

DAVOS, Switzerland: China has returned to normal after the lifting of Covid-19 restrictions, Vice Premier Liu He told the World Economic Forum on Tuesday as he invited "international friends" to visit the country.

Reuters

Davos 2023: Finland hopes Turkish minister's U.S. trip will boost its NATO membership bid

Finland said on Tuesday it hoped that Turkey's foreign minister's trip to the United States this week would bring positive impetus for it and Sweden's bids to join NATO, which have been held up as they lack backing from Turkey and Hungary.

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