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The Latest Breaking News from World Economic Forum

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."

Axios

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.

Reuters

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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…

Asharq Al-Awsat

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.

Reuters

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…

Asharq Al-Awsat

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…

France 24

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Live updates | World Economic Forum gathering in Davos

Polish President Andrzej Duda is predicting that the German government will agree one day to send powerful Leopard tanks to Ukraine, citing Germany’s membership in NATO and rising public support for Ukrainians beleaguered by Russia’s war

The Independent UK

WEF: ‘We have everything we need to speed up the energy transition. It’s time to tackle humanity’s greatest challenge’

For the first time in history, humanity can mitigate the damage it has caused to the climate, writes World Economic Forum managing director Jeremy Jurgens.

Fortune

Ukraine first lady headlines first big day at Davos meeting

Ukraine’s first lady will give a rare international address as the World Economic Forum’s annual gathering in the snowy Swiss town of Davos gets into full swing

The Independent UK

Saudi Arabia, Iraq Discuss Efforts to Bolster Regional Security, Stability

Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah held talks with his Iraqi counterpart Fuad Hussein on the sidelines of the World Economic Forum in Davos on Monday. Discussions focused on joint efforts to preserve security and stability in the Middle East. They reviewed the strong bilateral relations between…

Asharq Al-Awsat

Davos 2023: Oxfam calls for windfall taxes as report shows widening inequality

Oxfam's latest report on inequality shows that two thirds of global wealth created since the Covid-19 pandemic has gone to the top 1 percent of earners. As the 2023 World Economic Forum gets underway, the anti-poverty NGO is calling for windfall taxes on wealthy individuals and corporate profits. FRANCE 24's…

France 24

Nearly a quarter of UK chief executives admit business models will not be viable in a decade

Global executives offer gloomiest-ever outlook for global economy, PwC finds

The Independent UK

Taoiseach committed to tackling climate as environmental issues dominate list of threats to humanity

Taoiseach Leo Varadkar says he “is planning to engage on these issues” and “other pressing challenges including the war in Ukraine

Irish Mirror

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Reuters

Davos 2023: Recession casts long shadow over opening of WEF summit

The prospect of imminent global recession cast a long shadow over Davos on Monday as participants gathering for the opening of the World Economic Forum's annual meeting counted the likely cost for their economies and businesses.

The Guardian - UK

Almost two in five CEOs ‘fear their global firms will be unviable within 10 years’

Worker shortages and need to adapt to tech changes given as reasons in survey as Davos meeting begins

Reuters

Brazil to reinforce fiscal, democratic and environmental commitments, says Haddad

Brazil's delegation arrived at the World Economic Forum (WEF) with a commitment to defend democracy and the sustainability of both its public accounts and the environment, Finance Minister Fernando Haddad said on Monday.

The Street

Elon Musk Throws Shade on the Most Powerful Club in the World

The billionaire entrepreneur declined an invitation from the World Economic Forum, the new edition of which has just opened.

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The Independent UK

Economic woes, war, climate change on tap for Davos meeting

The World Economic Forum is back with its first winter meetup since 2020 in the Swiss Alpine town of Davos

The Guardian - UK

Economists warn of global recession danger ahead of World Economic Forum at Davos – as it happened

Live, rolling coverage of business, economics and financial markets as economists for major businesses forecast weak economic growth in Europe and the US

The Independent UK

As elites arrive in Davos, conspiracy theories thrive online

The World Economic Forum’s annual meeting — which will draw some of the world’s wealthiest and most influential figures to the Swiss mountain town of Davos this week — has increasingly become a target for bizarre claims from a growing chorus of commentators who believe the forum involves a group…

Evening Standard

Davos 2024: What is it, who is attending, and why is it controversial?

Kicking off on January 15, this year’s World Economic Forum's theme is Rebuilding Trust

The Independent UK

South African leader skips Davos amid electricity crisis

South African President Cyril Ramaphosa has canceled his trip to the World Economic Forum in Davos in order to deal with his country’s worsening power blackouts

Irish Mirror

Calls for new tax as richest 1% of Irish people own more than a quarter of country’s wealth

Oxfam Ireland is calling for a tax on Irish wealth at graduated rates of 2%, 3% and 5% above a threshold of 4.7 million euro, which it said would raise billions annually 'with the potential to transform Irish public services'

The Independent UK

Richest 1% of Irish people own more than a quarter of country’s wealth – Oxfam

The charity said the richest 1% in Ireland have gained 70 times more wealth than the bottom 50% in the last 10 years.

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