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The Latest Breaking News from Davos

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

‘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

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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

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

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

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Davos 2023: China recovery could be very quick - IMF's Gopinath

China could see a sharp recovery in economic growth from the second quarter onwards based on current infection trends after the dismantling of most COVID-19 restrictions, IMF Deputy Managing Director Gita Gopinath said on Wednesday.

Reuters

Taoiseach says some billionaires are all ‘fur coat and no knickers’

Leo Varadkar said it would be “remiss” of him not to attend the World Economic Forum in Davos for a day and a half this week.

The Independent UK

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

Anger as Sinema and Manchin high five at Davos summit over pledge not to reform filibuster

Moment occurred at gathering of global elites and could be boon to a progressive challenger

The Independent UK

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

First lady of Ukraine’s tears for helicopter crash victims as she’s told at Davos about tragedy

At least 14 people, including a child and the country’s interior minister, died when the helicopter came down

Evening Standard

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

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Reuters

Davos 2023: NATO chief calls for significant boost in arms for Ukraine

Ukraine needs a "significant increase" in weapons at a pivotal moment in Russia's invasion and such support is the only way to a negotiated peaceful solution, NATO Secretary-General Jens Stoltenberg said on Wednesday.

Axios

UN leader attacks fossil fuel companies in Davos for sowing doubt on climate change

"Some in big oil peddled the big lie," he said.

Radio France Internationale

'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".

Bangkok Post

Indonesia tells Myanmar to let ‘qualified people’ take charge

DAVOS, Switzerland: An Indonesian senior minister has urged Myanmar’s military to consider stepping back and letting “qualified” leaders govern the country that is in an economic free-fall due to sanctions and worsening civil strife.

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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

UN head accuses fossil fuel firms of business models ‘inconsistent with human survival’

Criticism at Davos for big companies that, ‘like the tobacco industry’, ride roughshod over their own science

Reuters

Davos 2023: Greta Thunberg to meet IEA chief Birol

Greta Thunberg is set to meet International Energy Agency (IEA) executive director Fatih Birol in Davos on Thursday, organisers of a fringe round-table event at the World Economic Forum's (WEF) annual meeting told Reuters.

Asharq Al-Awsat

At Davos, UN Chief Warns the World is in a 'Sorry State'

The world is in a “sorry state" because of myriad “interlinked” challenges including climate change and Russia's war in Ukraine that are “piling up like cars in a chain reaction crash,” the UN chief said at the World Economic Forum's meeting Wednesday. UN Secretary-General Antonio Guterres delivered his gloomy message…

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.…

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