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The Latest Breaking News from World Economic Forum

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

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read the most diverse news in one place.

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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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

Caixin Global

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 Independent 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’

The Guardian - UK

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.

Fortune

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…

Asharq Al-Awsat

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

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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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The Guardian - AU

Afternoon Update: Dutton ramps up Indigenous voice debate; Qantas flight mayday; and a BBC porn prank

Opposition leader accuses PM ‘very tricky’ for refusing to rule out legislating the voice, while a flight from Auckland lands safely in Sydney after a reported engine failure mid-flight

Bangkok Post

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…

France 24

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

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…

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

The Guardian - UK

Ben Wallace and EU defence ministers to press Germany over tanks to Ukraine

UK defence secretary will meet counterparts from Poland and Baltics in drive to get Berlin to agree re-export of Leopard 2 tanks

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