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The Latest Breaking News from World Economic Forum

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

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

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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

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

The Guardian - UK

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

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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 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

China Back to ‘Normal’ after End of COVID Curbs, Says Official

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. China abruptly dropped its "zero-Covid" approach last month after three years of enforcing some of the harshest anti-pandemic restrictions…

Asharq Al-Awsat

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

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.

Newsroom.co.nz

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.

Reuters

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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

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.

Radio France Internationale

EU readies sovereignty fund to fight off US, Chinese competition

EU chief Ursula von der Leyen on Tuesday announced the preparation of a "sovereignty fund" and a Net Zero Industry Act, both intended to defend Europe's industrial base from subsidised US and Chinese competitors.

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.

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Axios

Ukraine's First Lady Olena Zelenska urges leaders to use "influence," unity needed for peace

“We are facing the collapse of the world as we know it, the way we are accustomed to it or to what we aspire."

Reuters

DAVOS 2023: EU's Von der Leyen backs listing Iran's Guards as terrorist group

European Commission President Ursula von der Leyen said on Tuesday she backed listing Iran's Revolutionary Guards (IRGC) as a terrorist organisation to respond to the "trampling" of "fundamental human rights" in the country.

Reuters

Davos 2023: China reopens its doors with investment pitch to global elite

China's Vice-Premier Liu He welcomed foreign investment and declared his country open to the world on Tuesday after three years of pandemic isolation.

Asharq Al-Awsat

EU Outlines Plan for Clean Tech Future Boosted by Subsidies

The European Union pushed forward on Tuesday with a massive clean tech industrial plan which not only should keep the continent in the vanguard of plotting a greener future but also guarantee its economic survival as it faces challenges from China and the United States. EU Commission President Ursula von…

Reuters

U.S.-China friction stokes concern among some top finance bosses

The bosses of global investor Fidelity International and accountancy giant EY have voiced concerns about a fracturing of relations between the U.S. and China, speaking at the World Economic Forum in Davos on Tuesday.

Asharq Al-Awsat

Saudi Arabia Advances 10 Ranks Internationally in Gender Pay Gap

Saudi Arabia has achieved remarkable progress in the fields of training and gender balance in the labor market, after it approved several regulations and legislation for the development of human capabilities and women empowerment. Last year, Crown Prince Mohammad bin Salman launched the Human Capacity Development Program, within the Kingdom’s…

France 24

Davos 2023: Ukraine's first lady takes centre stage

The World Economic Forum has officially kicked off in Davos. Ukraine's First Lady Olena Zelenska, EU Commission President Ursula von der Leyen and Chinese Vice Premier Liu He are among the expected speakers this Tuesday. Our Business Editor Kate Moody brings us an update from Davos, with insights on the…

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