Latest World Economic Forum News

Live updates | Ukraine wants rocket launchers sent quickly

May. 25, 2022 08:28 AM EDT

DAVOS, Switzerland — Ukraine’s foreign minister says the urgency of his country’s weapons needs can be summed up in two abbreviations: MLRS — multiple launch rocket systems, and ASAP — as soon as possible. Foreign Minister Dmytro Kuleba says the situation in the eastern...

Davos updates | Saudi official touts oil, emissions goals

May. 25, 2022 08:25 AM EDT

DAVOS, Switzerland (AP) — A top Saudi official has touted a dual strategy of increasing oil production capacity for export abroad while advocating for a domestic reduction of emissions in line with Saudi Arabia’s net-zero pledge. Saudi Minister of Economy and Planning Faisal...

Davos gathering overshadowed by global economic worries

May. 25, 2022 08:15 AM EDT

DAVOS, Switzerland (AP) — Soaring inflation. Russia’s war in Ukraine. Squeezed supply chains. The threat of food insecurity around the world. The lingering COVID-19 pandemic. The risks to the global economy are many, leading to an increasingly gloomy view of the months ahead for...

Ukraine: Russia must withdraw to pre-war positions for talks

May. 25, 2022 06:46 AM EDT

KYIV, Ukraine (AP) — Ukraine's president said Wednesday that Russia must pull back to its pre-war positions as a first step before diplomatic talks, a negotiating line that Moscow is unlikely to agree to anytime soon. President Volodymyr Zelenskyy said he currently sees no...

Live updates | Russia-Ukraine War

May. 24, 2022 21:50 PM EDT

The Russian parliament gave preliminary approval Tuesday to a bill that would allow the government to appoint new management of foreign companies that pulled out of Russia after its invasion of Ukraine. According to the state news agency Tass, the new law would transfer control over...

Davos updates | Soros: New tech, AI help repressive regimes

May. 24, 2022 15:02 PM EDT

DAVOS, Switzerland (AP) — Billionaire investor turned philanthropist George Soros has blamed new technology for helping repressive regimes like Russia and China exert greater control. Speaking Tuesday at a dinner for journalists on the sidelines of the World Economic Forum’s...

Kremlin critic Browder urges squeeze on oligarchs' enablers

May. 24, 2022 14:49 PM EDT

DAVOS, Switzerland (AP) — Kremlin critic Bill Browder wants governments to step up efforts to get to the riches squirreled away by Russian oligarchs and linked to President Vladimir Putin by forcing the accountants, lawyers and others who set up murky legal and financial structures to become...

At Davos, Kerry cites progress on China-US climate group

May. 24, 2022 14:00 PM EDT

DAVOS, Switzerland (AP) — John Kerry, America's top official on climate change, said Tuesday that the U.S. and China were making progress on putting together a group from both countries to work toward quickly reducing greenhouse gas emissions. In an interview with The Associated...

Spain to invest $13 billion to build microchip industry

May. 24, 2022 11:29 AM EDT

MADRID (AP) — The Spanish government on Tuesday announced a 12.3 billion euro ($13.2 billion) investment plan to convert the country into a major producer of microchips and help reduce the dependence of Spain and the European Union on other suppliers. The announcement in Madrid...

World Food Program chief presses billionaires 'to step up'

May. 23, 2022 16:29 PM EDT

DAVOS, Switzerland (AP) — The head of the U.N.’s World Food Program is telling billionaires it’s “time to step up” as the global threat of food insecurity rises with Russia's war in Ukraine, saying he’s seen encouraging signs from some of the world's richest people, like Elon Musk and...