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The Latest Breaking News from World Economic Forum

Ukraine a ‘special case’: Is the WEF ‘hypocritical’ on Palestine?

WEF head Klaus Schwab said the letter comparing Ukraine with Palestine was ‘deeply insulting’ and ‘offensive’.

Al Jazeera

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

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

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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

‘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

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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

Sinema, Manchin back filibuster at Davos

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

Salon

Davos attendees see dawn of new U.S. industrial policy

If the U.S. wants to reach tipping points in green energy technologies before climate change gets out of control, it would do well to take a page from the Asian playbook on industrial policy.

Fortune

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.

The Conversation

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.

Reason

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

'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".

Radio France Internationale

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Caixin Global

Opinion: Defining, Building and Governing a Metaverse for All

Consensus among the stakeholders can be built along two areas: governance and the creation of economic and societal value

The Independent UK

Elon Musk claims he skipped Davos because it ‘sounded boring AF’ - but organisers say he wasn’t even invited

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 Guardian - UK

Mutiny erupts among WEF staff over role of ‘Mr Davos’

Founder and chair Klaus Schwab has run forum for 52 years but is now seen by some past and present staff as ‘a law unto himself’

Fortune

PR group CEO reveals shocking lengths employees go to mask cancer diagnosis

A shocking 50% of cancer patients are afraid to tell their employer about their diagnosis.

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Asharq Al-Awsat

Saudi FM: Global Energy Security Hinges on Geopolitical Stability

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah stressed on Wednesday that geopolitical stability was the most important key to global energy security. Speaking at the World Economic Forum in Davos, he underlined the need for stability in the short-term for energy markets. He added that the Kingdom was…

Reuters

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.

Asharq Al-Awsat

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.…

France 24

Davos 2023: Ukraine front and centre as Zelensky expected to make speech

The Ukrainian president is set to speak at the World Economic Forum by videolink this Wednesday, as our Business Editor Kate Moody explains. This comes amid the ongoing energy crisis in Europe sparked by Russia's invasion of Ukraine. Speaking to FRANCE 24 in Davos earlier, EU chief Ursula Von der…

The Independent UK

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

Asharq Al-Awsat

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…

Fortune

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.

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Faisal bin Farhan bin Abdullah

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