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The Latest Breaking News from Davos

Davos Free-trade Champions Fret Over War, Climate

After Covid and the war in Ukraine, free-trade boosters in Davos fretted over a new bout of turmoil in global supply chains due to rising geopolitical frictions.

International Business Times

Russia-Ukraine war: Kyiv says attack on Russian oil depot in Klinsty ‘fair’ retaliation for Moscow strikes on Ukraine infrastructure – as it happened

Huge inferno at oil depot in western Russia in latest of series of cross-border attacks by Ukraine

The Guardian - AU

Tata Steel accused of ‘industrial vandalism’ over plan to cut up to 2,800 UK jobs – as it happened

Tata Steel confirmed plans to close two Welsh blast furnaces and cut up to 2,800 jobs

The Guardian - UK

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In Davos, An Australian Mining Boss Presses Industries To Go Green

Andrew Forrest, a blunt Australian billionaire who made his fortune in iron ore mining, stood out among the heads of emissions-spewing industries at the meeting of global elites in Davos.

International Business Times

United Nations Chief Urges Swift Action to Safeguard Against Unchecked AI Growth

Speaking at the World Economic Forum (WEF) meeting in Davos, Guterres drew parallels between the risks associated with AI and those posed by the climate crisis.

International Business Times UK

Javier Milei Tells World Leaders: 'The State Is Not the Solution'

Speaking at the Davos conference, the Argentine president said the key to prosperity lies in free market ideals and capitalism.

Reason

The World Economic Forum Is Begging You To Trust the Science

"There has been a deliberate attempt to inflame the public against experts," warned one Davos panelist.

Reason

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First Thing: Israeli president labels Tehran ‘empire of evil’

Isaac Herzog also tells Davos that Gaza’s population is ‘entrenched in network of terror’. Plus, Greenland losing 30m tonnes of ice every hour

The Guardian - UK

India among most vibrant fintech hubs: WEF study

Releasing the report during its Annual Meeting 2024 in Davos, the World Economic Forum said fintechs are increasingly expanding operations across borders, mainly in the same region as their headquarters.

The Hindu

Medical devices firm SIGH plans to set up manufacturing facility in Hyderabad with ₹231.5 crore

Surgical Instruments Group Holdings (SIGH) plans to set up a manufacturing facility in Hyderabad, investing Rs. 231.5 crore. The announcement was made at World Economic Forum meeting in Davos. The companies representatives met Chief Minister A Revanth Reddy and Industries Minister Sridhar Babu there.

The Hindu

Davos day three: Hunt says West must talk to China over AI; Red Sea disruption hitting global trade growth, WTO warns – as it happened

Rolling coverage from the World Economic Forum in Davos

The Guardian - UK

Big tech firms recklessly pursuing profits from AI, says UN head

International community has no strategy to deal with risks, António Guterres tells Davos meeting

The Guardian - UK

Davos day two: Argentina’s Milei claims the western world is in danger from socialism – as it happened

Rolling coverage of the second day of the World Economic Forum’s annual meeting in Davos

The Guardian - UK

Austrian Heiress Pays To Give Away 25 Million Euro Fortune

The rich and famous are paying top dollar for a place at this week's Davos summit but heiress Marlene Engelhorn is on the other side of the fence at the glitzy Swiss resort, demanding that they pay more in taxes.

International Business Times

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The Guardian - UK

Tax our wealth, super-rich tell politicians at Davos

Abigail Disney, Brian Cox and Valerie Rockefeller among signatories of open letter condemning inequality

International Business Times

Argentina's 'Anarcho-Capitalist' President Descends On Davos

Argentina's self-styled "anarcho-capitalist" leader, Javier Milei, will address the global elite in Davos on Wednesday as the eccentric libertarian seeks to restore confidence in his country's economy in his first trip abroad as president.

AAP

Immediate climate threat on agenda at elite gathering

An Aussie millennial from a carbon startup working out of Newcastle says industry needs to bankroll technology to cut emissions - immediately.

The Guardian - UK

Labour will restore UK’s reputation for business, Rachel Reeves to tell Davos

Shadow chancellor will say party has put private sector investment at heart of growth strategy, at JP Morgan breakfast meeting

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The Hindu

Davos may trigger momentum for Karnataka economy

The World Economic Forum which, is being held in Davos, Switzerland, appears to be triggering some quick momentum for Karnataka’s economy.

International Business Times

Zelensky Courts Davos As Worries Grow On Ukraine Support

Ukrainian President Volodymyr Zelensky courted the global elite at Davos on Tuesday with a mix of dire warnings and notes of hope, as fears grow over the future of Western support against Russia.