DAVOS, Switzerland (AP) — The annual meeting of The World Economic Forum attracts corporate executives, academics, philanthropists and media to the Swiss Alps town of Davos for dialogue, debate and deal-making.
The Geneva-based think tank first hosted the event in 1971 with the goal to improve European management. Beginning Tuesday, 850 CEOs and chairs of the world’s top companies are expected to be among 3,000 participants from 130 countries in the Alpine resort through Friday.
U.S. President Donald Trump’s third visit to Davos as president comes as U.S. allies worry about his ambition to take over Greenland, Latin America grapples with his efforts to reap Venezuela’s oil and business leaders and lawmakers at home express concerns about his hardball tactics toward Federal Reserve Chair Jerome Powell.
Here is the latest:
Russia’s foreign minister condemns Denmark’s control over Greenland
Russia’s foreign minister declared Tuesday that Denmark’s control over Greenland was rooted in the colonial past.
Speaking at a news conference in Moscow, Sergey Lavrov charged that “in principle, Greenland isn’t a natural part of Denmark,” describing it as a “colonial gain.”
He described Trump’s bid to take over Greenland as an existential challenge to NATO that would seriously test its integrity.
Lavrov also strongly denied any intentions by Russia and China to threaten Greenland, as Trump has suggested.
___
Vladimir Isachenkov contributed from Moscow.
David Beckham calls Davos ‘amazing’ in brief AP chat
Jamey Keaten, the AP’s chief Switzerland correspondent and a longtime Davos chronicler, briefly caught up with soccer star David Beckham at Davos.
“How are you enjoying Davos?” Keaten asked as Beckham walked by.
“Amazing, thank you,” Beckham said. “Busy.”
CEO confidence in revenues drops
The world’s CEOs are the least confident they’ve been in five years about future revenues, consulting firm PwC has found in a new survey.
Many of those chief executives are in Davos this week for the elite annual meeting that promotes dialogue and economic progress, even as actions by Washington have upended the global order and billionaires have reaped trillions in new wealth as the poor lag behind.
The U.S.-based PwC firm says three in ten of the corporate chiefs were confident about revenue growth in 2026, down from 38% a year ago, and 56% in 2022.
It says most struggle with turning their AI investments into solid returns, according to the survey of nearly 4,500 chief executives across 95 countries released Monday.
___