{"id":13925,"date":"2026-01-20T07:55:32","date_gmt":"2026-01-20T07:55:32","guid":{"rendered":"https:\/\/microvibenews.com\/?p=13925"},"modified":"2026-01-20T07:55:32","modified_gmt":"2026-01-20T07:55:32","slug":"davos-von-der-leyen-he-macron-and-carney-to-speak-as-greenland-crisis-looms-over-wef-business-live-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=13925","title":{"rendered":"Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live | Business"},"content":{"rendered":"<p><\/p>\n<div id=\"liveblog-body\"><gu-island name=\"EnhancePinnedPost\" priority=\"feature\" deferuntil=\"idle\" props=\"{}\"\/><\/p>\n<div id=\"pinned-post\" data-gu-marker=\"pinned-post\" data-component=\"pinned-post\" class=\"dcr-r5tmyr\"><input type=\"checkbox\" id=\"pinned-post-checkbox\" name=\"pinned-post-checkbox\" tabindex=\"-1\" class=\"dcr-11n52fl\"\/><\/p>\n<div id=\"collapsible-body\" class=\"dcr-1axsptg\">\n<article class=\"block dcr-1xlsn8h\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-1wl2b6o\">Introduction: Von der Leyen, He, Macron, Carney and Bessent all to speak<\/h2>\n<\/header>\n<p class=\"dcr-130mj7b\"><strong>Good morning from Davos, where the World Economic Forum is getting underway under the shadow of Donald Trump\u2019s designs on <a href=\"https:\/\/www.theguardian.com\/world\/greenland\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\">Greenland<\/a>.<\/strong><\/p>\n<p class=\"dcr-130mj7b\">Nearly 3,000 leaders, including more than heads of state and government, are convening in Davos under the theme A Spirit of Dialogue \u2013 an optimistic position, given <a href=\"https:\/\/www.theguardian.com\/business\/ng-interactive\/2026\/jan\/18\/davos-2026-donald-trump-us-wef-world-economic-forum\" data-link-name=\"in body link\">the pressures facing the old world order<\/a>.<\/p>\n<p class=\"dcr-130mj7b\">The sight of one NATO member coveting another\u2019s territory, and threatening trade levies if it can\u2019t have it, is anathma to WEF\u2019s identity as a champion of the rules-based, multilateral system.<\/p>\n<p class=\"dcr-130mj7b\">So, that Spirit of Dialogue will be tested, as European leaders question how to handle a US president who likes to communicate through the big stick of tariff threats.<\/p>\n<p class=\"dcr-130mj7b\">As we reported yesterday, Europe is now considering retaliation:<\/p>\n<figure id=\"6c17ed26-275f-43db-9c3f-b17bdbd58273\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.RichLinkBlockElement\" class=\"dcr-173mewl\"><gu-island name=\"RichLinkComponent\" priority=\"feature\" deferuntil=\"idle\" props=\"{&quot;richLinkIndex&quot;:5,&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;text&quot;:&quot;EU considers retaliatory measures over Trump Greenland tariff \u2018blackmail\u2019&quot;,&quot;elementId&quot;:&quot;6c17ed26-275f-43db-9c3f-b17bdbd58273&quot;,&quot;role&quot;:&quot;inline&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/world\/2026\/jan\/18\/europe-diplomats-crisis-talks-trump-tariffs-greenland&quot;},&quot;ajaxUrl&quot;:&quot;https:\/\/api.nextgen.guardianapps.co.uk&quot;,&quot;format&quot;:{&quot;design&quot;:11,&quot;display&quot;:0,&quot;theme&quot;:0},&quot;isInStarRatingVariant&quot;:false}\"\/><\/figure>\n<p class=\"dcr-130mj7b\">It promises to be one of the most consequential, tense and dramatic WEF meetings in years. The US have sent their biggest ever delegation to <a href=\"https:\/\/www.theguardian.com\/business\/davos\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\">Davos<\/a>, including Treasury Secretary <strong>Scott<\/strong> <strong>Bessent<\/strong> \u2013 who told reporters here yesterday it would be \u201cvery unwise\u201c for European governments to retaliate.<\/p>\n<p class=\"dcr-130mj7b\">As Bessent put it:<\/p>\n<blockquote data-spacefinder-role=\"inline\" class=\"dcr-154zxly\">\n<p><svg viewbox=\"0 0 22 14\" style=\"fill:var(--block-quote-fill)\" class=\"dcr-scql1j\"><path d=\"M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z\"\/><\/svg>\u201cI think it\u2019s a complete canard that the president will be doing this because of the Nobel prize. The president is looking at Greenland as a strategic asset for the United States.\u201d<\/p>\n<\/blockquote>\n<p class=\"dcr-130mj7b\">Greenland isn\u2019t the only crisis overshadowing Davos; Iran, Ukraine, AI bubble fears, and Trump\u2019s choice of the next head of the US Federal Reserve are also on delegates\u2019 minds.<\/p>\n<p class=\"dcr-130mj7b\">There\u2019s also a lot going on outside the WEF congress centre itself, as many businesses and governments have taken over Davos shops and turned them into their own bases for the week.<\/p>\n<p class=\"dcr-130mj7b\">So as well as the talking and speechifying, there\u2019ll be business deals being carved up here in the snow.<\/p>\n<p class=\"dcr-130mj7b\">Trump is due to address Davos on Wednesday in a special address; today we\u2019ll hear from <strong>Ursula von der Leyen<\/strong>, president of the European Union, French president <strong>Emmanuel Macron<\/strong>, China\u2019s vice-premier <strong>He Lifeng<\/strong>, and Canada\u2019s prime minister <strong>Mark Carney<\/strong>, with UK chancellor <strong>Rachel Reeves<\/strong> also appearing on a panel.<\/p>\n<h2 id=\"the-agenda\" class=\"dcr-12ibh7f\">The agenda<\/h2>\n<ul class=\"dcr-130mj7b\">\n<li class=\"dcr-130mj7b\">\n<p class=\"dcr-130mj7b\">9.30am Davos \/ 8.30am GMT: Conversation with Satya Nadella, CEO of Microsoft<\/p>\n<\/li>\n<li class=\"dcr-130mj7b\">\n<p class=\"dcr-130mj7b\">10.50am Davos \/ 9.50am GMT: Speech: Ursula Von der Leyen, president of the European Union<\/p>\n<\/li>\n<li class=\"dcr-130mj7b\">\n<p class=\"dcr-130mj7b\">11.20am Davos \/ 10.20am GMT: He Lifeng, Vice-Premier of the People\u2019s Republic of China<\/p>\n<\/li>\n<li class=\"dcr-130mj7b\">\n<p class=\"dcr-130mj7b\">2pm Davos \/ 1pm GMT: Speech: French president Emmanuel Macron<\/p>\n<\/li>\n<li class=\"dcr-130mj7b\">\n<p class=\"dcr-130mj7b\">2.30pm Davos \/ 1.30pm GMT: Conversation with Treasury Secretary Scott Bessent<\/p>\n<\/li>\n<li class=\"dcr-130mj7b\">\n<p class=\"dcr-130mj7b\">3.30pm Davos\/ 2.30pm GMT: Conversation with Sheikh Mohammed bin Abdulrahman Al Thani, Prime Minister of Qatar<\/p>\n<\/li>\n<li class=\"dcr-130mj7b\">\n<p class=\"dcr-130mj7b\">4.15pm Davos \/ 3.15pm GMT: Panel discussion on \u201cProsperity: Sovereign Yet Connected?\u201d including chancellor Rachel Reeves<\/p>\n<\/li>\n<\/ul>\n<footer class=\"dcr-3i7iba\"><gu-island name=\"ShareButton\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;size&quot;:&quot;xsmall&quot;,&quot;pageId&quot;:&quot;business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates&quot;,&quot;hash&quot;:&quot;block-696ddc168f08ea50a5d436eb&quot;,&quot;queryParams&quot;:{&quot;page&quot;:&quot;with:block-696ddc168f08ea50a5d436eb&quot;},&quot;webTitle&quot;:&quot;Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business 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2.075.875l8.95-4.475c-.025-.1-.025-.225-.025-.4A2.966 2.966 0 0 1 19 2c1.675 0 3 1.325 3 2.975C22 6.65 20.675 8 19 8c-.8 0-1.475-.325-2.05-.825l-8.975 4.45C8 11.7 8 11.825 8 12s0 .3-.025.375l8.975 4.45c.575-.5 1.25-.825 2.05-.825m0-12.8c-.975 0-1.8.775-1.8 1.775S18.025 6.8 19 6.8c1 0 1.825-.825 1.825-1.825S20 3.2 19 3.2m0 17.6c1 0 1.825-.825 1.825-1.8 0-1-.825-1.8-1.825-1.8-.975 0-1.8.8-1.8 1.8 0 .975.825 1.8 1.8 1.8\"\/><\/svg><\/a><\/gu-island><\/footer>\n<\/article>\n<\/div>\n<p><label for=\"pinned-post-checkbox\" id=\"pinned-post-button\" class=\"dcr-zw7tgl\"><span id=\"svgminus\" class=\"dcr-yhdhkr\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"-3 -3 30 30\" focusable=\"false\" aria-hidden=\"true\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M1 10.75v2.5h22v-2.5z\"\/><\/svg><\/span><span id=\"svgplus\" class=\"dcr-yhdhkr\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"-3 -3 30 30\" focusable=\"false\" aria-hidden=\"true\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"m10.8 13.2.425 9.8h1.525l.45-9.8 9.8-.45v-1.525l-9.8-.425-.45-9.8h-1.525l-.425 9.8-9.8.425v1.525z\"\/><\/svg><\/span><\/label><\/div>\n<p><span class=\"dcr-90inr0\"><gu-island name=\"KeyEventsCarousel\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;keyEvents&quot;:[{&quot;id&quot;:&quot;696f30dd8f08426017dd073c&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Scott Bessent then denies that European Union countries, and the UK, could exercise the \u201cnuclear option\u201d over the &lt;a href=\\&quot;https:\/\/www.theguardian.com\/world\/greenland\\&quot; data-component=\\&quot;auto-linked-tag\\&quot;&gt;Greenland&lt;\/a&gt; crisis, and dump their holdings of US Treasuries.&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;e4d4e7b5-2a7c-4fe9-9768-14d94fdb3a2a&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Asked how the Treasury Department, and the White House, would prepare for this, &lt;strong&gt;Bessent&lt;\/strong&gt; insists it is a \u201ccompletely false narrative\u201d, and claims the media are \u201chysterical\u201d over the issue.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;0940e16a-7a2a-4d8e-9a6f-8e16265ec937&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Bessent&lt;\/strong&gt; says there is no talk in European governments about this, which he says was sparked by a recent report by Deutsche Bank which the media \u2018latched onto\u2019.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;c34815c0-98b1-4ea4-90de-6724cacaf519&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;He argues that a plan to dump US Treasury holdings \u201cdefies any logic\u201d, pointing out that Treasuries are the basis for financial transactions.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;12e5726d-4fc6-4f0a-8cd8-e4824716d2f4&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1768894685000,&quot;blockCreatedOnDisplay&quot;:&quot;07.38\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1768895156000,&quot;blockLastUpdatedDisplay&quot;:&quot;07.45\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1768895156000,&quot;blockFirstPublishedDisplay&quot;:&quot;07.45\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;07.45&quot;,&quot;title&quot;:&quot;Bessent: 'false narrative' that Europe could dump US Treasury assets&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 20 Jan 2026 07.47 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 20 Jan 2026 06.22 GMT&quot;},{&quot;id&quot;:&quot;696f2ff28f0824685e8f70d9&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Scott Bessent then warns other countries not to retaliate against the US\u2019s trade tariffs announced over the &lt;a href=\\&quot;https:\/\/www.theguardian.com\/world\/greenland\\&quot; data-component=\\&quot;auto-linked-tag\\&quot;&gt;Greenland&lt;\/a&gt; crisis.&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;23ea6abd-d42d-4381-8706-49e10168448d&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Asked about the uncertainty that companies face, and why any country should enter a trade deal with the US, &lt;strong&gt;Bessent&lt;\/strong&gt; replies:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;a583e71c-b11d-4cc0-b599-f622a653e0cd&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;I would say this is the same kind of hysteria that we heard on April 2nd. There was a panic.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;24374e2f-73c3-4375-bf26-60a2f420d43b&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;[That was the day of Trump\u2019s initial Liberation Day tariffs]&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;a86c8ca1-5567-426c-97cf-05202de667f8&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Bessent&lt;\/strong&gt; adds:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;05ec9f15-8d4d-4a22-9b6c-72009ad9b637&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;What I am urging everyone here to do is sit back, take a deep breath, and let things play out.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;036c2de2-f066-4427-a460-9dddd00cb9b9&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The Treasury Secretary reminds us that China\u2019s escalation last year led to 145% and 125% tariffs between the two countries, before that relationship was stabilised.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;32b44c0c-7452-4ed9-b02f-fbda23f370f9&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;What president Trump is threatening on Greenland is very different than the other trade deals. So I would urge all countries to stick with their trade deals.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;f2cd7e6f-52dd-450c-af3d-ba3fc63088ef&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1768894450000,&quot;blockCreatedOnDisplay&quot;:&quot;07.34\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1768894844000,&quot;blockLastUpdatedDisplay&quot;:&quot;07.40\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1768894844000,&quot;blockFirstPublishedDisplay&quot;:&quot;07.40\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;07.40&quot;,&quot;title&quot;:&quot;Bessent on tariffs: don't retaliate; sit back and let things play out&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 20 Jan 2026 07.47 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 20 Jan 2026 06.22 GMT&quot;},{&quot;id&quot;:&quot;696f2f7e8f08e9ae87e1cdb6&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;em&gt;Q: When will president Trump announce a new chairman of the Federal Reserve to succeed Jerome Powell?&lt;\/em&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;b3230e1a-7cac-417c-9004-f3e0420e6e6c&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Bessent says there are four \u201cfantastic candidates\u201d, and the decision is up to the president.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;aa2f17a5-ec14-4f5d-a36f-bfd107611f72&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;I would imagine that he will have an announcement maybe as early as next week.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;63012e35-36e4-4a0a-a23d-0438a4a56718&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1768894334000,&quot;blockCreatedOnDisplay&quot;:&quot;07.32\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1768894433000,&quot;blockLastUpdatedDisplay&quot;:&quot;07.33\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1768894433000,&quot;blockFirstPublishedDisplay&quot;:&quot;07.33\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;07.33&quot;,&quot;title&quot;:&quot;Bessent: Fed chair announcement could come next week&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 20 Jan 2026 07.47 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 20 Jan 2026 06.22 GMT&quot;},{&quot;id&quot;:&quot;696f2ca08f08e9ae87e1cda0&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;US Treasury Secretary Scott Bessent is giving a press conference here in &lt;a href=\\&quot;https:\/\/www.theguardian.com\/business\/davos\\&quot; data-component=\\&quot;auto-linked-tag\\&quot;&gt;Davos&lt;\/a&gt;, on economic matters.&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;cd994bb0-b92a-4e1f-83da-59441abbd1ea&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Bessent&lt;\/strong&gt; begins by today marks one year since Donald Trump\u2019s return to the White House, declaring tht \u201cby all measures\u201d the US is the strongest place for capital in the world.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;2e80e226-2de3-439e-914d-67d5c1932710&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Bessent&lt;\/strong&gt; gushes:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;3b21620a-5b74-42c5-868b-730116e80bd8&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;President Trump has led a 12-month transformation of the US economy\u2026.&lt;\/p&gt;\\n &lt;p&gt;President Trump\u2019s policies have delivered a historic economic comeback for both Wall Street and Main Street.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;5b5e5bc0-908b-4fa7-8c04-f78e2629bd82&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Bessent&lt;\/strong&gt; cites gains in investment productivity, and resilient consumer demand.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;d233aca7-6492-4264-bc6a-ab2682cab3ad&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;He adds that while other countries here in Davos face \u201congoing uncertainty\u201d, market participants are seeking a jurisdiction that offers \u201cstability, clarity and scale\u201d.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;a0bd13c8-b23f-4187-80eb-082c8c7f532f&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;\u201cThe smart money is on America,\u201d &lt;strong&gt;Bessent&lt;\/strong&gt; claims, adding:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;fdd406df-136a-4a22-ac4b-219c0cfdb94a&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;We invite you all to join in this 250th year and to be part of the next 250 years.&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;d358b634-2ee9-4177-bc00-db20a9ba1199&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1768893600000,&quot;blockCreatedOnDisplay&quot;:&quot;07.20\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1768894221000,&quot;blockLastUpdatedDisplay&quot;:&quot;07.30\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1768894221000,&quot;blockFirstPublishedDisplay&quot;:&quot;07.30\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;07.30&quot;,&quot;title&quot;:&quot;Bessent: Trump policies have delivered a historic economic comeback&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 20 Jan 2026 07.47 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 20 Jan 2026 06.22 GMT&quot;},{&quot;id&quot;:&quot;696f182f8f08e9ae87e1cd29&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Rachel Reeves will pledge to refund visa fees for some global businesses on Tuesday, as she flies to the World Economic Forum in Davos aiming to showcase the UK as a haven of stability, despite Donald Trump\u2019s &lt;a href=\\&quot;https:\/\/www.theguardian.com\/us-news\/2026\/jan\/17\/trump-tariff-european-countries-greenland\\&quot;&gt;latest tariff threats&lt;\/a&gt;.&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;247f1968-6862-41ce-a84e-137131c24b0a&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The chancellor, who will be accompanied by the business secretary, Peter Kyle, will hold a series of meetings with business leaders at the annual gathering of the global elite in the Swiss mountain resort.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;8c4a46a6-2862-44de-8b0c-7aa6915520e6&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;She will announce tweaks to the visa regime aimed at encouraging \u201ctrailblazer\u201d businesses to bring highly skilled staff to the UK \u2013 including refunding fees \u2013 and speeding up the time it takes to qualify as a sponsor of migrant workers.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;8dd84cc4-9ce5-4686-9ac6-3437514066e3&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;\u201cSome countries give you a platform, but Britain gives you momentum. My message at &lt;a href=\\&quot;https:\/\/www.theguardian.com\/business\/davos\\&quot; data-component=\\&quot;auto-linked-tag\\&quot;&gt;Davos&lt;\/a&gt; this week is clear: choose Britain \u2013 it\u2019s the best place in the world to invest,\u201d the chancellor said in pre-released remarks.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;1c24a6d3-40b4-43e7-9ab0-27ade939ee6a&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;text&quot;:&quot;Reeves plans to refund some visa fees in effort to attract \u2018trailblazer\u2019 investment to UK&quot;,&quot;elementId&quot;:&quot;29bf65c0-bfe0-48a1-8329-30deb322fa6c&quot;,&quot;role&quot;:&quot;thumbnail&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/politics\/2026\/jan\/20\/rachel-reeves-plans-refund-visa-fees-investment-uk-davos&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1768890142000,&quot;blockCreatedOnDisplay&quot;:&quot;06.22\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1768893363000,&quot;blockLastUpdatedDisplay&quot;:&quot;07.16\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1768893363000,&quot;blockFirstPublishedDisplay&quot;:&quot;07.16\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;07.16&quot;,&quot;title&quot;:&quot;Reeves plans to refund some visa fees in effort to attract \u2018trailblazer\u2019 investment to UK&quot;,&quot;contributors&quot;:[{&quot;name&quot;:&quot;Heather Stewart&quot;,&quot;imageUrl&quot;:&quot;https:\/\/i.guim.co.uk\/img\/uploads\/2024\/11\/15\/Heather_Stewart.jpg?width=300&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=cf7d0525395488d2df7e9dbc58ec31df&quot;,&quot;largeImageUrl&quot;:&quot;https:\/\/i.guim.co.uk\/img\/uploads\/2024\/11\/15\/Heather_Stewart,_L.png?width=300&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=7129269429563eaffc5fbf8c05be02be&quot;}],&quot;primaryDateLine&quot;:&quot;Tue 20 Jan 2026 07.47 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 20 Jan 2026 06.22 GMT&quot;},{&quot;id&quot;:&quot;696f14268f08426017dd06b4&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Yesterday, president Donald Trump said the United States would talk about acquiring &lt;a href=\\&quot;https:\/\/www.theguardian.com\/world\/greenland\\&quot; data-component=\\&quot;auto-linked-tag\\&quot;&gt;Greenland&lt;\/a&gt; at this week\u2019s World Economic Forum in Davos.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;ba5f7a0b-a396-4449-8df7-227318e78cf3&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;He claimed Denmark cannot protect the country, telling reporters in Florida:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;5d5ad55e-75a9-4867-9597-341c9c386b1b&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;\u201cWe have to have it. They have to have this done. They can\u2019t protect it, Denmark, they\u2019re wonderful people.&lt;\/p&gt;\\n &lt;p&gt;I know the leaders, they\u2019re very good people, but they don\u2019t even go there.\u201d&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;5c40c571-d050-4ff7-8a7c-ac2f263562fd&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Trump also said in a social media post that he had a \u201cgood telephone call\u201d with NATO Secretary General Mark Rutte, and that he had agreed to a meeting of \u201cvarious parties\u201d on Greenland in &lt;a href=\\&quot;https:\/\/www.theguardian.com\/business\/davos\\&quot; data-component=\\&quot;auto-linked-tag\\&quot;&gt;Davos&lt;\/a&gt;.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;4e5a1dc5-dd3e-4542-9e95-6d92c336f947&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:false,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1768890142000,&quot;blockCreatedOnDisplay&quot;:&quot;06.22\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1768890654000,&quot;blockLastUpdatedDisplay&quot;:&quot;06.30\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1768890654000,&quot;blockFirstPublishedDisplay&quot;:&quot;06.30\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;06.30&quot;,&quot;title&quot;:&quot;Trump: we'll discuss Greenland in Davos&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 20 Jan 2026 07.47 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 20 Jan 2026 06.22 GMT&quot;},{&quot;id&quot;:&quot;696ddc168f08ea50a5d436eb&quot;,&quot;elements&quot;:[{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;&lt;strong&gt;Good morning from Davos, where the World Economic Forum is getting underway under the shadow of Donald Trump\u2019s designs on &lt;a href=\\&quot;https:\/\/www.theguardian.com\/world\/greenland\\&quot; data-component=\\&quot;auto-linked-tag\\&quot;&gt;Greenland&lt;\/a&gt;.&lt;\/strong&gt;&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;736707a3-a2f8-42c1-bc27-acb88d947596&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Nearly 3,000 leaders, including more than heads of state and government, are convening in Davos under the theme A Spirit of Dialogue \u2013 an optimistic position, given &lt;a href=\\&quot;https:\/\/www.theguardian.com\/business\/ng-interactive\/2026\/jan\/18\/davos-2026-donald-trump-us-wef-world-economic-forum\\&quot;&gt;the pressures facing the old world order&lt;\/a&gt;.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;5694a12e-ea27-484e-97c2-2ba467d67acf&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;The sight of one NATO member coveting another\u2019s territory, and threatening trade levies if it can\u2019t have it, is anathma to WEF\u2019s identity as a champion of the rules-based, multilateral system.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;122d3fc2-ee3e-42ba-889d-131b3297105a&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;So, that Spirit of Dialogue will be tested, as European leaders question how to handle a US president who likes to communicate through the big stick of tariff threats.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;c3d90070-f5af-407b-b7c1-4174a79197e4&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;As we reported yesterday, Europe is now considering retaliation:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;397a16f5-6f97-46a3-adb0-254931bea449&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;text&quot;:&quot;EU considers retaliatory measures over Trump Greenland tariff \u2018blackmail\u2019&quot;,&quot;elementId&quot;:&quot;52f0e57a-daf2-4de5-bb8a-f5ac3343a255&quot;,&quot;role&quot;:&quot;thumbnail&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/world\/2026\/jan\/18\/europe-diplomats-crisis-talks-trump-tariffs-greenland&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;It promises to be one of the most consequential, tense and dramatic WEF meetings in years. The US have sent their biggest ever delegation to &lt;a href=\\&quot;https:\/\/www.theguardian.com\/business\/davos\\&quot; data-component=\\&quot;auto-linked-tag\\&quot;&gt;Davos&lt;\/a&gt;, including Treasury Secretary &lt;strong&gt;Scott&lt;\/strong&gt; &lt;strong&gt;Bessent&lt;\/strong&gt; \u2013 who told reporters here yesterday it would be \u201cvery unwise\u201c for European governments to retaliate.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;39384633-51d1-47d4-8b93-a662cdbda7c6&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;As Bessent put it:&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;adafc63a-57e4-41e2-ab3e-0bbc05055438&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.BlockquoteBlockElement&quot;,&quot;html&quot;:&quot;&lt;blockquote class=\\&quot;quoted\\&quot;&gt;\\n &lt;p&gt;\u201cI think it\u2019s a complete canard that the president will be doing this because of the Nobel prize. The president is looking at Greenland as a strategic asset for the United States.\u201d&lt;\/p&gt;\\n&lt;\/blockquote&gt;&quot;,&quot;elementId&quot;:&quot;2d3ba381-81f6-4474-ad5e-9dfafc3d6bc1&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Greenland isn\u2019t the only crisis overshadowing Davos; Iran, Ukraine, AI bubble fears, and Trump\u2019s choice of the next head of the US Federal Reserve are also on delegates\u2019 minds.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;781bf231-7701-4abe-9bc0-94e6d432a32f&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;There\u2019s also a lot going on outside the WEF congress centre itself, as many businesses and governments have taken over Davos shops and turned them into their own bases for the week.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;fa3f02aa-10a1-445f-8420-fee1a867cb72&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;So as well as the talking and speechifying, there\u2019ll be business deals being carved up here in the snow.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;f7855246-79bd-4869-b7bc-155e2d6f90bb&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;p&gt;Trump is due to address Davos on Wednesday in a special address; today we\u2019ll hear from &lt;strong&gt;Ursula von der Leyen&lt;\/strong&gt;, president of the European Union, French president &lt;strong&gt;Emmanuel Macron&lt;\/strong&gt;, China\u2019s vice-premier &lt;strong&gt;He Lifeng&lt;\/strong&gt;, and Canada\u2019s prime minister &lt;strong&gt;Mark Carney&lt;\/strong&gt;, with UK chancellor &lt;strong&gt;Rachel Reeves&lt;\/strong&gt; also appearing on a panel.&lt;\/p&gt;&quot;,&quot;elementId&quot;:&quot;dceda793-72c2-436b-b9a1-14ffcefa7a12&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.SubheadingBlockElement&quot;,&quot;html&quot;:&quot;&lt;h2&gt;The agenda&lt;\/h2&gt;&quot;,&quot;elementId&quot;:&quot;52972ca0-56f9-4102-a972-7937b9f74c0f&quot;},{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.TextBlockElement&quot;,&quot;html&quot;:&quot;&lt;ul&gt;\\n &lt;li&gt;\\n  &lt;p&gt;9.30am Davos \/ 8.30am GMT: Conversation with Satya Nadella, CEO of Microsoft&lt;\/p&gt;&lt;\/li&gt;\\n &lt;li&gt;\\n  &lt;p&gt;10.50am Davos \/ 9.50am GMT: Speech: Ursula Von der Leyen, president of the European Union&lt;\/p&gt;&lt;\/li&gt;\\n &lt;li&gt;\\n  &lt;p&gt;11.20am Davos \/ 10.20am GMT: He Lifeng, Vice-Premier of the People\u2019s Republic of China&lt;\/p&gt;&lt;\/li&gt;\\n &lt;li&gt;\\n  &lt;p&gt;2pm Davos \/ 1pm GMT: Speech: French president Emmanuel Macron&lt;\/p&gt;&lt;\/li&gt;\\n &lt;li&gt;\\n  &lt;p&gt;2.30pm Davos \/ 1.30pm GMT: Conversation with Treasury Secretary Scott Bessent&lt;\/p&gt;&lt;\/li&gt;\\n &lt;li&gt;\\n  &lt;p&gt;3.30pm Davos\/ 2.30pm GMT: Conversation with Sheikh Mohammed bin Abdulrahman Al Thani, Prime Minister of Qatar&lt;\/p&gt;&lt;\/li&gt;\\n &lt;li&gt;\\n  &lt;p&gt;4.15pm Davos \/ 3.15pm GMT: Panel discussion on \u201cProsperity: Sovereign Yet Connected?\u201d including chancellor Rachel Reeves&lt;\/p&gt;&lt;\/li&gt;\\n&lt;\/ul&gt;&quot;,&quot;elementId&quot;:&quot;a1e89f6f-61f6-4c7f-af46-b69b706b0cb1&quot;}],&quot;attributes&quot;:{&quot;pinned&quot;:true,&quot;keyEvent&quot;:true,&quot;summary&quot;:false},&quot;blockCreatedOn&quot;:1768890142000,&quot;blockCreatedOnDisplay&quot;:&quot;06.22\u00a0GMT&quot;,&quot;blockLastUpdated&quot;:1768890095000,&quot;blockLastUpdatedDisplay&quot;:&quot;06.21\u00a0GMT&quot;,&quot;blockFirstPublished&quot;:1768890142000,&quot;blockFirstPublishedDisplay&quot;:&quot;06.22\u00a0GMT&quot;,&quot;blockFirstPublishedDisplayNoTimezone&quot;:&quot;06.22&quot;,&quot;title&quot;:&quot;Introduction: Von der Leyen, He, Macron, Carney and Bessent all to speak&quot;,&quot;contributors&quot;:[],&quot;primaryDateLine&quot;:&quot;Tue 20 Jan 2026 07.47 GMT&quot;,&quot;secondaryDateLine&quot;:&quot;First published on Tue 20 Jan 2026 06.22 GMT&quot;}],&quot;filterKeyEvents&quot;:false,&quot;id&quot;:&quot;key-events-carousel-mobile&quot;,&quot;renderingTarget&quot;:&quot;Web&quot;,&quot;serverTime&quot;:1768895686831}\"><span id=\"key-events-carousel-mobile\"\/><span class=\"dcr-90inr0\"><\/p>\n<p>Key events<\/p>\n<p><\/span><\/gu-island><gu-island name=\"FilterKeyEventsToggle\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;filterKeyEvents&quot;:false,&quot;id&quot;:&quot;filter-toggle-mobile&quot;}\"><span id=\"filter-toggle-mobile\"\/><\/p>\n<div class=\"dcr-alru3r\"><label id=\"filter-toggle-mobile-switch_description\" data-component=\"filter-key-events\" data-link-name=\"filter-key-events-on\" class=\"dcr-rrspei\"><button id=\"filter-toggle-mobile-switch\" role=\"switch\" aria-checked=\"false\" aria-labelledby=\"filter-toggle-mobile-switch_description\" class=\"dcr-dh5oqp\"\/>Show key events only<\/p>\n<p><span>Please turn on JavaScript to use this feature<\/span><\/p>\n<p><\/label><\/div>\n<p><\/gu-island><\/span><\/p>\n<article id=\"block-696f32c38f08426017dd0740\" class=\"block dcr-1os4bxs\">\n<header class=\"dcr-88va8u\"\/>\n<p class=\"dcr-130mj7b\"><strong>Finally, Bessent is asked if he sees Europe as an ally of the United States \u2013 and if so, how much economic pain the US is prepared to inflict on the EU.<\/strong><\/p>\n<p class=\"dcr-130mj7b\">Bessent returns to his \u2018false narrative\u2019 position \u2013 accusing the media of \u201cgoing to the farthest point\u201d rather than waiting for events to play out.<\/p>\n<footer class=\"dcr-3i7iba\"><gu-island name=\"ShareButton\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;size&quot;:&quot;xsmall&quot;,&quot;pageId&quot;:&quot;business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates&quot;,&quot;hash&quot;:&quot;block-696f32c38f08426017dd0740&quot;,&quot;queryParams&quot;:{&quot;page&quot;:&quot;with:block-696f32c38f08426017dd0740&quot;},&quot;webTitle&quot;:&quot;Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&quot;,&quot;format&quot;:{&quot;design&quot;:11,&quot;display&quot;:0,&quot;theme&quot;:0},&quot;context&quot;:&quot;LiveBlock&quot;}\"><a href=\"mailto:?subject=Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&amp;body=https:\/\/www.theguardian.com\/business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-696f32c38f08426017dd0740#block-696f32c38f08426017dd0740\" type=\"button\" class=\"dcr-1mulgdf\">Share<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"-3 -3 30 30\" focusable=\"false\" aria-hidden=\"true\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M19 16c1.675 0 3 1.35 3 3 0 1.675-1.325 3-3 3a2.97 2.97 0 0 1-2.975-3c0-.125 0-.275.025-.375L7.1 14.15a2.9 2.9 0 0 1-2.075.825C3.325 14.975 2 13.65 2 12a3.004 3.004 0 0 1 3.025-3.025c.775 0 1.5.35 2.075.875l8.95-4.475c-.025-.1-.025-.225-.025-.4A2.966 2.966 0 0 1 19 2c1.675 0 3 1.325 3 2.975C22 6.65 20.675 8 19 8c-.8 0-1.475-.325-2.05-.825l-8.975 4.45C8 11.7 8 11.825 8 12s0 .3-.025.375l8.975 4.45c.575-.5 1.25-.825 2.05-.825m0-12.8c-.975 0-1.8.775-1.8 1.775S18.025 6.8 19 6.8c1 0 1.825-.825 1.825-1.825S20 3.2 19 3.2m0 17.6c1 0 1.825-.825 1.825-1.8 0-1-.825-1.8-1.825-1.8-.975 0-1.8.8-1.8 1.8 0 .975.825 1.8 1.8 1.8\"\/><\/svg><\/a><\/gu-island><\/footer>\n<\/article>\n<aside data-ad-slot=\"true\" class=\"ad-slot-container ad-slot-desktop dcr-jko40v\"\/>\n<aside data-ad-slot=\"true\" class=\"ad-slot-container dcr-jko40v\"\/>\n<article id=\"block-696f30dd8f08426017dd073c\" class=\"block dcr-1os4bxs\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-1wl2b6o\">Bessent: &#8216;false narrative&#8217; that Europe could dump US Treasury assets<\/h2>\n<\/header>\n<p class=\"dcr-130mj7b\"><strong>Scott Bessent then denies that European Union countries, and the UK, could exercise the \u201cnuclear option\u201d over the <a href=\"https:\/\/www.theguardian.com\/world\/greenland\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\">Greenland<\/a> crisis, and dump their holdings of US Treasuries.<\/strong><\/p>\n<p class=\"dcr-130mj7b\">Asked how the Treasury Department, and the White House, would prepare for this, <strong>Bessent<\/strong> insists it is a \u201ccompletely false narrative\u201d, and claims the media are \u201chysterical\u201d over the issue.<\/p>\n<p class=\"dcr-130mj7b\"><strong>Bessent<\/strong> says there is no talk in European governments about this, which he says was sparked by a recent report by Deutsche Bank which the media \u2018latched onto\u2019.<\/p>\n<p class=\"dcr-130mj7b\">He argues that a plan to dump US Treasury holdings \u201cdefies any logic\u201d, pointing out that Treasuries are the basis for financial transactions.<\/p>\n<footer class=\"dcr-3i7iba\"><gu-island name=\"ShareButton\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;size&quot;:&quot;xsmall&quot;,&quot;pageId&quot;:&quot;business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates&quot;,&quot;hash&quot;:&quot;block-696f30dd8f08426017dd073c&quot;,&quot;queryParams&quot;:{&quot;page&quot;:&quot;with:block-696f30dd8f08426017dd073c&quot;},&quot;webTitle&quot;:&quot;Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&quot;,&quot;format&quot;:{&quot;design&quot;:11,&quot;display&quot;:0,&quot;theme&quot;:0},&quot;context&quot;:&quot;LiveBlock&quot;}\"><a href=\"mailto:?subject=Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&amp;body=https:\/\/www.theguardian.com\/business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-696f30dd8f08426017dd073c#block-696f30dd8f08426017dd073c\" type=\"button\" class=\"dcr-1mulgdf\">Share<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"-3 -3 30 30\" focusable=\"false\" aria-hidden=\"true\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M19 16c1.675 0 3 1.35 3 3 0 1.675-1.325 3-3 3a2.97 2.97 0 0 1-2.975-3c0-.125 0-.275.025-.375L7.1 14.15a2.9 2.9 0 0 1-2.075.825C3.325 14.975 2 13.65 2 12a3.004 3.004 0 0 1 3.025-3.025c.775 0 1.5.35 2.075.875l8.95-4.475c-.025-.1-.025-.225-.025-.4A2.966 2.966 0 0 1 19 2c1.675 0 3 1.325 3 2.975C22 6.65 20.675 8 19 8c-.8 0-1.475-.325-2.05-.825l-8.975 4.45C8 11.7 8 11.825 8 12s0 .3-.025.375l8.975 4.45c.575-.5 1.25-.825 2.05-.825m0-12.8c-.975 0-1.8.775-1.8 1.775S18.025 6.8 19 6.8c1 0 1.825-.825 1.825-1.825S20 3.2 19 3.2m0 17.6c1 0 1.825-.825 1.825-1.8 0-1-.825-1.8-1.825-1.8-.975 0-1.8.8-1.8 1.8 0 .975.825 1.8 1.8 1.8\"\/><\/svg><\/a><\/gu-island><\/footer>\n<\/article>\n<article id=\"block-696f2ff28f0824685e8f70d9\" class=\"block dcr-1os4bxs\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-1wl2b6o\">Bessent on tariffs: don&#8217;t retaliate; sit back and let things play out<\/h2>\n<\/header>\n<p class=\"dcr-130mj7b\"><strong>Scott Bessent then warns other countries not to retaliate against the US\u2019s trade tariffs announced over the <a href=\"https:\/\/www.theguardian.com\/world\/greenland\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\">Greenland<\/a> crisis.<\/strong><\/p>\n<p class=\"dcr-130mj7b\">Asked about the uncertainty that companies face, and why any country should enter a trade deal with the US, <strong>Bessent<\/strong> replies:<\/p>\n<blockquote data-spacefinder-role=\"inline\" class=\"dcr-154zxly\">\n<p><svg viewbox=\"0 0 22 14\" style=\"fill:var(--block-quote-fill)\" class=\"dcr-scql1j\"><path d=\"M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z\"\/><\/svg>I would say this is the same kind of hysteria that we heard on April 2nd. There was a panic.<\/p>\n<\/blockquote>\n<p class=\"dcr-130mj7b\">[That was the day of Trump\u2019s initial Liberation Day tariffs]<\/p>\n<p class=\"dcr-130mj7b\"><strong>Bessent<\/strong> adds:<\/p>\n<blockquote data-spacefinder-role=\"inline\" class=\"dcr-154zxly\">\n<p><svg viewbox=\"0 0 22 14\" style=\"fill:var(--block-quote-fill)\" class=\"dcr-scql1j\"><path d=\"M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z\"\/><\/svg>What I am urging everyone here to do is sit back, take a deep breath, and let things play out.<\/p>\n<\/blockquote>\n<p class=\"dcr-130mj7b\">The Treasury Secretary reminds us that China\u2019s escalation last year led to 145% and 125% tariffs between the two countries, before that relationship was stabilised.<\/p>\n<blockquote data-spacefinder-role=\"inline\" class=\"dcr-154zxly\">\n<p><svg viewbox=\"0 0 22 14\" style=\"fill:var(--block-quote-fill)\" class=\"dcr-scql1j\"><path d=\"M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z\"\/><\/svg>What president Trump is threatening on Greenland is very different than the other trade deals. So I would urge all countries to stick with their trade deals.<\/p>\n<\/blockquote>\n<footer class=\"dcr-3i7iba\"><gu-island name=\"ShareButton\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;size&quot;:&quot;xsmall&quot;,&quot;pageId&quot;:&quot;business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates&quot;,&quot;hash&quot;:&quot;block-696f2ff28f0824685e8f70d9&quot;,&quot;queryParams&quot;:{&quot;page&quot;:&quot;with:block-696f2ff28f0824685e8f70d9&quot;},&quot;webTitle&quot;:&quot;Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&quot;,&quot;format&quot;:{&quot;design&quot;:11,&quot;display&quot;:0,&quot;theme&quot;:0},&quot;context&quot;:&quot;LiveBlock&quot;}\"><a href=\"mailto:?subject=Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&amp;body=https:\/\/www.theguardian.com\/business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-696f2ff28f0824685e8f70d9#block-696f2ff28f0824685e8f70d9\" type=\"button\" class=\"dcr-1mulgdf\">Share<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"-3 -3 30 30\" focusable=\"false\" aria-hidden=\"true\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M19 16c1.675 0 3 1.35 3 3 0 1.675-1.325 3-3 3a2.97 2.97 0 0 1-2.975-3c0-.125 0-.275.025-.375L7.1 14.15a2.9 2.9 0 0 1-2.075.825C3.325 14.975 2 13.65 2 12a3.004 3.004 0 0 1 3.025-3.025c.775 0 1.5.35 2.075.875l8.95-4.475c-.025-.1-.025-.225-.025-.4A2.966 2.966 0 0 1 19 2c1.675 0 3 1.325 3 2.975C22 6.65 20.675 8 19 8c-.8 0-1.475-.325-2.05-.825l-8.975 4.45C8 11.7 8 11.825 8 12s0 .3-.025.375l8.975 4.45c.575-.5 1.25-.825 2.05-.825m0-12.8c-.975 0-1.8.775-1.8 1.775S18.025 6.8 19 6.8c1 0 1.825-.825 1.825-1.825S20 3.2 19 3.2m0 17.6c1 0 1.825-.825 1.825-1.8 0-1-.825-1.8-1.825-1.8-.975 0-1.8.8-1.8 1.8 0 .975.825 1.8 1.8 1.8\"\/><\/svg><\/a><\/gu-island><\/footer>\n<\/article>\n<aside data-ad-slot=\"true\" class=\"ad-slot-container dcr-jko40v\"\/>\n<article id=\"block-696f2f7e8f08e9ae87e1cdb6\" class=\"block dcr-1os4bxs\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-1wl2b6o\">Bessent: Fed chair announcement could come next week<\/h2>\n<\/header>\n<p class=\"dcr-130mj7b\"><em>Q: When will president Trump announce a new chairman of the Federal Reserve to succeed Jerome Powell?<\/em><\/p>\n<p class=\"dcr-130mj7b\">Bessent says there are four \u201cfantastic candidates\u201d, and the decision is up to the president.<\/p>\n<blockquote data-spacefinder-role=\"inline\" class=\"dcr-154zxly\">\n<p><svg viewbox=\"0 0 22 14\" style=\"fill:var(--block-quote-fill)\" class=\"dcr-scql1j\"><path d=\"M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z\"\/><\/svg>I would imagine that he will have an announcement maybe as early as next week.<\/p>\n<\/blockquote>\n<footer class=\"dcr-3i7iba\"><gu-island name=\"ShareButton\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;size&quot;:&quot;xsmall&quot;,&quot;pageId&quot;:&quot;business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates&quot;,&quot;hash&quot;:&quot;block-696f2f7e8f08e9ae87e1cdb6&quot;,&quot;queryParams&quot;:{&quot;page&quot;:&quot;with:block-696f2f7e8f08e9ae87e1cdb6&quot;},&quot;webTitle&quot;:&quot;Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&quot;,&quot;format&quot;:{&quot;design&quot;:11,&quot;display&quot;:0,&quot;theme&quot;:0},&quot;context&quot;:&quot;LiveBlock&quot;}\"><a href=\"mailto:?subject=Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&amp;body=https:\/\/www.theguardian.com\/business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-696f2f7e8f08e9ae87e1cdb6#block-696f2f7e8f08e9ae87e1cdb6\" type=\"button\" class=\"dcr-1mulgdf\">Share<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"-3 -3 30 30\" focusable=\"false\" aria-hidden=\"true\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M19 16c1.675 0 3 1.35 3 3 0 1.675-1.325 3-3 3a2.97 2.97 0 0 1-2.975-3c0-.125 0-.275.025-.375L7.1 14.15a2.9 2.9 0 0 1-2.075.825C3.325 14.975 2 13.65 2 12a3.004 3.004 0 0 1 3.025-3.025c.775 0 1.5.35 2.075.875l8.95-4.475c-.025-.1-.025-.225-.025-.4A2.966 2.966 0 0 1 19 2c1.675 0 3 1.325 3 2.975C22 6.65 20.675 8 19 8c-.8 0-1.475-.325-2.05-.825l-8.975 4.45C8 11.7 8 11.825 8 12s0 .3-.025.375l8.975 4.45c.575-.5 1.25-.825 2.05-.825m0-12.8c-.975 0-1.8.775-1.8 1.775S18.025 6.8 19 6.8c1 0 1.825-.825 1.825-1.825S20 3.2 19 3.2m0 17.6c1 0 1.825-.825 1.825-1.8 0-1-.825-1.8-1.825-1.8-.975 0-1.8.8-1.8 1.8 0 .975.825 1.8 1.8 1.8\"\/><\/svg><\/a><\/gu-island><\/footer>\n<\/article>\n<article id=\"block-696f2f258f08e9ae87e1cdb4\" class=\"block dcr-1os4bxs\">\n<header class=\"dcr-88va8u\"\/>\n<p class=\"dcr-130mj7b\"><strong>Bessent<\/strong> then takes a pop at Europe, calling it \u2018the centre of the great regulatory morass\u2019.<\/p>\n<p class=\"dcr-130mj7b\">He points to the recent report from Mario Draghi into European competiveness.<\/p>\n<footer class=\"dcr-3i7iba\"><gu-island name=\"ShareButton\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;size&quot;:&quot;xsmall&quot;,&quot;pageId&quot;:&quot;business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates&quot;,&quot;hash&quot;:&quot;block-696f2f258f08e9ae87e1cdb4&quot;,&quot;queryParams&quot;:{&quot;page&quot;:&quot;with:block-696f2f258f08e9ae87e1cdb4&quot;},&quot;webTitle&quot;:&quot;Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&quot;,&quot;format&quot;:{&quot;design&quot;:11,&quot;display&quot;:0,&quot;theme&quot;:0},&quot;context&quot;:&quot;LiveBlock&quot;}\"><a href=\"mailto:?subject=Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&amp;body=https:\/\/www.theguardian.com\/business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-696f2f258f08e9ae87e1cdb4#block-696f2f258f08e9ae87e1cdb4\" type=\"button\" class=\"dcr-1mulgdf\">Share<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"-3 -3 30 30\" focusable=\"false\" aria-hidden=\"true\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M19 16c1.675 0 3 1.35 3 3 0 1.675-1.325 3-3 3a2.97 2.97 0 0 1-2.975-3c0-.125 0-.275.025-.375L7.1 14.15a2.9 2.9 0 0 1-2.075.825C3.325 14.975 2 13.65 2 12a3.004 3.004 0 0 1 3.025-3.025c.775 0 1.5.35 2.075.875l8.95-4.475c-.025-.1-.025-.225-.025-.4A2.966 2.966 0 0 1 19 2c1.675 0 3 1.325 3 2.975C22 6.65 20.675 8 19 8c-.8 0-1.475-.325-2.05-.825l-8.975 4.45C8 11.7 8 11.825 8 12s0 .3-.025.375l8.975 4.45c.575-.5 1.25-.825 2.05-.825m0-12.8c-.975 0-1.8.775-1.8 1.775S18.025 6.8 19 6.8c1 0 1.825-.825 1.825-1.825S20 3.2 19 3.2m0 17.6c1 0 1.825-.825 1.825-1.8 0-1-.825-1.8-1.825-1.8-.975 0-1.8.8-1.8 1.8 0 .975.825 1.8 1.8 1.8\"\/><\/svg><\/a><\/gu-island><\/footer>\n<\/article>\n<article id=\"block-696f2ca08f08e9ae87e1cda0\" class=\"block dcr-1os4bxs\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-1wl2b6o\">Bessent: Trump policies have delivered a historic economic comeback<\/h2>\n<\/header>\n<p class=\"dcr-130mj7b\"><strong>US Treasury Secretary Scott Bessent is giving a press conference here in <a href=\"https:\/\/www.theguardian.com\/business\/davos\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\">Davos<\/a>, on economic matters.<\/strong><\/p>\n<p class=\"dcr-130mj7b\"><strong>Bessent<\/strong> begins by today marks one year since Donald Trump\u2019s return to the White House, declaring tht \u201cby all measures\u201d the US is the strongest place for capital in the world.<\/p>\n<p class=\"dcr-130mj7b\"><strong>Bessent<\/strong> gushes:<\/p>\n<blockquote data-spacefinder-role=\"inline\" class=\"dcr-154zxly\">\n<p><svg viewbox=\"0 0 22 14\" style=\"fill:var(--block-quote-fill)\" class=\"dcr-scql1j\"><path d=\"M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z\"\/><\/svg>President Trump has led a 12-month transformation of the US economy\u2026.<\/p>\n<p>President Trump\u2019s policies have delivered a historic economic comeback for both Wall Street and Main Street.<\/p>\n<\/blockquote>\n<p class=\"dcr-130mj7b\"><strong>Bessent<\/strong> cites gains in investment productivity, and resilient consumer demand.<\/p>\n<p class=\"dcr-130mj7b\">He adds that while other countries here in Davos face \u201congoing uncertainty\u201d, market participants are seeking a jurisdiction that offers \u201cstability, clarity and scale\u201d.<\/p>\n<p class=\"dcr-130mj7b\">\u201cThe smart money is on America,\u201d <strong>Bessent<\/strong> claims, adding:<\/p>\n<blockquote data-spacefinder-role=\"inline\" class=\"dcr-154zxly\">\n<p><svg viewbox=\"0 0 22 14\" style=\"fill:var(--block-quote-fill)\" class=\"dcr-scql1j\"><path d=\"M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z\"\/><\/svg>We invite you all to join in this 250th year and to be part of the next 250 years.<\/p>\n<\/blockquote>\n<footer class=\"dcr-3i7iba\"><gu-island name=\"ShareButton\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;size&quot;:&quot;xsmall&quot;,&quot;pageId&quot;:&quot;business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates&quot;,&quot;hash&quot;:&quot;block-696f2ca08f08e9ae87e1cda0&quot;,&quot;queryParams&quot;:{&quot;page&quot;:&quot;with:block-696f2ca08f08e9ae87e1cda0&quot;},&quot;webTitle&quot;:&quot;Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&quot;,&quot;format&quot;:{&quot;design&quot;:11,&quot;display&quot;:0,&quot;theme&quot;:0},&quot;context&quot;:&quot;LiveBlock&quot;}\"><a href=\"mailto:?subject=Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&amp;body=https:\/\/www.theguardian.com\/business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-696f2ca08f08e9ae87e1cda0#block-696f2ca08f08e9ae87e1cda0\" type=\"button\" class=\"dcr-1mulgdf\">Share<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"-3 -3 30 30\" focusable=\"false\" aria-hidden=\"true\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M19 16c1.675 0 3 1.35 3 3 0 1.675-1.325 3-3 3a2.97 2.97 0 0 1-2.975-3c0-.125 0-.275.025-.375L7.1 14.15a2.9 2.9 0 0 1-2.075.825C3.325 14.975 2 13.65 2 12a3.004 3.004 0 0 1 3.025-3.025c.775 0 1.5.35 2.075.875l8.95-4.475c-.025-.1-.025-.225-.025-.4A2.966 2.966 0 0 1 19 2c1.675 0 3 1.325 3 2.975C22 6.65 20.675 8 19 8c-.8 0-1.475-.325-2.05-.825l-8.975 4.45C8 11.7 8 11.825 8 12s0 .3-.025.375l8.975 4.45c.575-.5 1.25-.825 2.05-.825m0-12.8c-.975 0-1.8.775-1.8 1.775S18.025 6.8 19 6.8c1 0 1.825-.825 1.825-1.825S20 3.2 19 3.2m0 17.6c1 0 1.825-.825 1.825-1.8 0-1-.825-1.8-1.825-1.8-.975 0-1.8.8-1.8 1.8 0 .975.825 1.8 1.8 1.8\"\/><\/svg><\/a><\/gu-island><\/footer>\n<\/article>\n<aside data-ad-slot=\"true\" class=\"ad-slot-container ad-slot-desktop dcr-jko40v\"\/>\n<aside data-ad-slot=\"true\" class=\"ad-slot-container dcr-jko40v\"\/>\n<article id=\"block-696f2d288f08e9ae87e1cda9\" class=\"block dcr-1os4bxs\">\n<header class=\"dcr-88va8u\"\/>\n<p class=\"dcr-130mj7b\"><strong>Donald Trump has suggested Britain\u2019s decision to cede the <a href=\"https:\/\/www.theguardian.com\/world\/chagos-islands\" data-link-name=\"in body link\">Chagos Islands<\/a> to Mauritius is among the reasons he wants to take over Greenland.<\/strong><\/p>\n<figure id=\"b7c6c958-9820-428e-800f-b9692fdcaec8\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.RichLinkBlockElement\" class=\"dcr-173mewl\"><gu-island name=\"RichLinkComponent\" priority=\"feature\" deferuntil=\"idle\" props=\"{&quot;richLinkIndex&quot;:1,&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;text&quot;:&quot;Trump cites UK\u2019s \u2018stupidity\u2019 over Chagos Islands as reason to take over Greenland&quot;,&quot;elementId&quot;:&quot;b7c6c958-9820-428e-800f-b9692fdcaec8&quot;,&quot;role&quot;:&quot;inline&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/world\/2026\/jan\/20\/trump-greenland-chagos-islands-uk-stupidity&quot;},&quot;ajaxUrl&quot;:&quot;https:\/\/api.nextgen.guardianapps.co.uk&quot;,&quot;format&quot;:{&quot;design&quot;:11,&quot;display&quot;:0,&quot;theme&quot;:0},&quot;isInStarRatingVariant&quot;:false}\"\/><\/figure>\n<footer class=\"dcr-3i7iba\"><gu-island name=\"ShareButton\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;size&quot;:&quot;xsmall&quot;,&quot;pageId&quot;:&quot;business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates&quot;,&quot;hash&quot;:&quot;block-696f2d288f08e9ae87e1cda9&quot;,&quot;queryParams&quot;:{&quot;page&quot;:&quot;with:block-696f2d288f08e9ae87e1cda9&quot;},&quot;webTitle&quot;:&quot;Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&quot;,&quot;format&quot;:{&quot;design&quot;:11,&quot;display&quot;:0,&quot;theme&quot;:0},&quot;context&quot;:&quot;LiveBlock&quot;}\"><a href=\"mailto:?subject=Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&amp;body=https:\/\/www.theguardian.com\/business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-696f2d288f08e9ae87e1cda9#block-696f2d288f08e9ae87e1cda9\" type=\"button\" class=\"dcr-1mulgdf\">Share<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"-3 -3 30 30\" focusable=\"false\" aria-hidden=\"true\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M19 16c1.675 0 3 1.35 3 3 0 1.675-1.325 3-3 3a2.97 2.97 0 0 1-2.975-3c0-.125 0-.275.025-.375L7.1 14.15a2.9 2.9 0 0 1-2.075.825C3.325 14.975 2 13.65 2 12a3.004 3.004 0 0 1 3.025-3.025c.775 0 1.5.35 2.075.875l8.95-4.475c-.025-.1-.025-.225-.025-.4A2.966 2.966 0 0 1 19 2c1.675 0 3 1.325 3 2.975C22 6.65 20.675 8 19 8c-.8 0-1.475-.325-2.05-.825l-8.975 4.45C8 11.7 8 11.825 8 12s0 .3-.025.375l8.975 4.45c.575-.5 1.25-.825 2.05-.825m0-12.8c-.975 0-1.8.775-1.8 1.775S18.025 6.8 19 6.8c1 0 1.825-.825 1.825-1.825S20 3.2 19 3.2m0 17.6c1 0 1.825-.825 1.825-1.8 0-1-.825-1.8-1.825-1.8-.975 0-1.8.8-1.8 1.8 0 .975.825 1.8 1.8 1.8\"\/><\/svg><\/a><\/gu-island><\/footer>\n<\/article>\n<article id=\"block-696f17b18f0824685e8f705c\" class=\"block dcr-1os4bxs\">\n<header class=\"dcr-88va8u\"\/>\n<p class=\"dcr-130mj7b\"><strong>Karen Harris<\/strong>, managing director of <strong>Bain &amp; Company\u2019s<\/strong> Macro Trends Group, says a new post-globalisation era is beginning, amid the \u2018Great Transformation\u2019:<\/p>\n<blockquote data-spacefinder-role=\"inline\" class=\"dcr-154zxly\">\n<p><svg viewbox=\"0 0 22 14\" style=\"fill:var(--block-quote-fill)\" class=\"dcr-scql1j\"><path d=\"M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z\"\/><\/svg>\u201cAs the World Economic Forum in Davos gets underway, what is more striking than ever given recent events is that 2025 will ultimately be remembered as the year in which neoliberal globalisation ended and the post-globalisation era began. The world seems to be in the early stages of a new multidecadal era we refer to as the Great Transformation, with 2025 likely to ultimately be recalled as the inflection point for its acceleration.<\/p>\n<p>\u201cIn the medium and longer term, we expect these changes will be growth drivers. But this time of change is occurring just as one of the most highly exaggerated business cycles in modern history (the post-pandemic cycle) is coming to its end.<\/p>\n<p>\u201cAt present, the major global economies are caught in the conflict between reasons to accelerate and reasons to stop, much like a driver with one foot on the gas and another on the brake. The open question for us in 2026 is whether this year will bring a resolution to this clash between the long-term drivers of growth and acceleration and the short-term (business cycle) drivers of recession.\u201d<\/p>\n<\/blockquote>\n<footer class=\"dcr-3i7iba\"><gu-island name=\"ShareButton\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;size&quot;:&quot;xsmall&quot;,&quot;pageId&quot;:&quot;business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates&quot;,&quot;hash&quot;:&quot;block-696f17b18f0824685e8f705c&quot;,&quot;queryParams&quot;:{&quot;page&quot;:&quot;with:block-696f17b18f0824685e8f705c&quot;},&quot;webTitle&quot;:&quot;Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&quot;,&quot;format&quot;:{&quot;design&quot;:11,&quot;display&quot;:0,&quot;theme&quot;:0},&quot;context&quot;:&quot;LiveBlock&quot;}\"><a href=\"mailto:?subject=Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&amp;body=https:\/\/www.theguardian.com\/business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-696f17b18f0824685e8f705c#block-696f17b18f0824685e8f705c\" type=\"button\" class=\"dcr-1mulgdf\">Share<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"-3 -3 30 30\" focusable=\"false\" aria-hidden=\"true\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M19 16c1.675 0 3 1.35 3 3 0 1.675-1.325 3-3 3a2.97 2.97 0 0 1-2.975-3c0-.125 0-.275.025-.375L7.1 14.15a2.9 2.9 0 0 1-2.075.825C3.325 14.975 2 13.65 2 12a3.004 3.004 0 0 1 3.025-3.025c.775 0 1.5.35 2.075.875l8.95-4.475c-.025-.1-.025-.225-.025-.4A2.966 2.966 0 0 1 19 2c1.675 0 3 1.325 3 2.975C22 6.65 20.675 8 19 8c-.8 0-1.475-.325-2.05-.825l-8.975 4.45C8 11.7 8 11.825 8 12s0 .3-.025.375l8.975 4.45c.575-.5 1.25-.825 2.05-.825m0-12.8c-.975 0-1.8.775-1.8 1.775S18.025 6.8 19 6.8c1 0 1.825-.825 1.825-1.825S20 3.2 19 3.2m0 17.6c1 0 1.825-.825 1.825-1.8 0-1-.825-1.8-1.825-1.8-.975 0-1.8.8-1.8 1.8 0 .975.825 1.8 1.8 1.8\"\/><\/svg><\/a><\/gu-island><\/footer>\n<\/article>\n<article id=\"block-696f182f8f08e9ae87e1cd29\" class=\"block dcr-1os4bxs\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-1wl2b6o\">Reeves plans to refund some visa fees in effort to attract \u2018trailblazer\u2019 investment to UK<\/h2>\n<div class=\"dcr-dzkvsd\">\n<div class=\"dcr-uae6pk\"><img src=\"https:\/\/i.guim.co.uk\/img\/uploads\/2024\/11\/15\/Heather_Stewart,_L.png?width=300&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=7129269429563eaffc5fbf8c05be02be\" alt=\"Heather Stewart\" class=\"dcr-lysqes\"\/><\/div>\n<p><span class=\"dcr-sa35sa\">Heather Stewart<\/span><\/div>\n<\/header>\n<p class=\"dcr-130mj7b\"><strong>Rachel Reeves will pledge to refund visa fees for some global businesses on Tuesday, as she flies to the World Economic Forum in Davos aiming to showcase the UK as a haven of stability, despite Donald Trump\u2019s <a href=\"https:\/\/www.theguardian.com\/us-news\/2026\/jan\/17\/trump-tariff-european-countries-greenland\" data-link-name=\"in body link\">latest tariff threats<\/a>.<\/strong><\/p>\n<p class=\"dcr-130mj7b\">The chancellor, who will be accompanied by the business secretary, Peter Kyle, will hold a series of meetings with business leaders at the annual gathering of the global elite in the Swiss mountain resort.<\/p>\n<p class=\"dcr-130mj7b\">She will announce tweaks to the visa regime aimed at encouraging \u201ctrailblazer\u201d businesses to bring highly skilled staff to the UK \u2013 including refunding fees \u2013 and speeding up the time it takes to qualify as a sponsor of migrant workers.<\/p>\n<p class=\"dcr-130mj7b\">\u201cSome countries give you a platform, but Britain gives you momentum. My message at <a href=\"https:\/\/www.theguardian.com\/business\/davos\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\">Davos<\/a> this week is clear: choose Britain \u2013 it\u2019s the best place in the world to invest,\u201d the chancellor said in pre-released remarks.<\/p>\n<figure id=\"a07133fb-013c-43ac-ab15-08b9fef865c3\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.RichLinkBlockElement\" class=\"dcr-173mewl\"><gu-island name=\"RichLinkComponent\" priority=\"feature\" deferuntil=\"idle\" props=\"{&quot;richLinkIndex&quot;:4,&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;text&quot;:&quot;Reeves plans to refund some visa fees in effort to attract \u2018trailblazer\u2019 investment to UK&quot;,&quot;elementId&quot;:&quot;a07133fb-013c-43ac-ab15-08b9fef865c3&quot;,&quot;role&quot;:&quot;inline&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/politics\/2026\/jan\/20\/rachel-reeves-plans-refund-visa-fees-investment-uk-davos&quot;},&quot;ajaxUrl&quot;:&quot;https:\/\/api.nextgen.guardianapps.co.uk&quot;,&quot;format&quot;:{&quot;design&quot;:11,&quot;display&quot;:0,&quot;theme&quot;:0},&quot;isInStarRatingVariant&quot;:false}\"\/><\/figure>\n<footer class=\"dcr-3i7iba\"><gu-island name=\"ShareButton\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;size&quot;:&quot;xsmall&quot;,&quot;pageId&quot;:&quot;business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates&quot;,&quot;hash&quot;:&quot;block-696f182f8f08e9ae87e1cd29&quot;,&quot;queryParams&quot;:{&quot;page&quot;:&quot;with:block-696f182f8f08e9ae87e1cd29&quot;},&quot;webTitle&quot;:&quot;Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&quot;,&quot;format&quot;:{&quot;design&quot;:11,&quot;display&quot;:0,&quot;theme&quot;:0},&quot;context&quot;:&quot;LiveBlock&quot;}\"><a href=\"mailto:?subject=Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&amp;body=https:\/\/www.theguardian.com\/business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-696f182f8f08e9ae87e1cd29#block-696f182f8f08e9ae87e1cd29\" type=\"button\" class=\"dcr-1mulgdf\">Share<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"-3 -3 30 30\" focusable=\"false\" aria-hidden=\"true\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M19 16c1.675 0 3 1.35 3 3 0 1.675-1.325 3-3 3a2.97 2.97 0 0 1-2.975-3c0-.125 0-.275.025-.375L7.1 14.15a2.9 2.9 0 0 1-2.075.825C3.325 14.975 2 13.65 2 12a3.004 3.004 0 0 1 3.025-3.025c.775 0 1.5.35 2.075.875l8.95-4.475c-.025-.1-.025-.225-.025-.4A2.966 2.966 0 0 1 19 2c1.675 0 3 1.325 3 2.975C22 6.65 20.675 8 19 8c-.8 0-1.475-.325-2.05-.825l-8.975 4.45C8 11.7 8 11.825 8 12s0 .3-.025.375l8.975 4.45c.575-.5 1.25-.825 2.05-.825m0-12.8c-.975 0-1.8.775-1.8 1.775S18.025 6.8 19 6.8c1 0 1.825-.825 1.825-1.825S20 3.2 19 3.2m0 17.6c1 0 1.825-.825 1.825-1.8 0-1-.825-1.8-1.825-1.8-.975 0-1.8.8-1.8 1.8 0 .975.825 1.8 1.8 1.8\"\/><\/svg><\/a><\/gu-island><\/footer>\n<\/article>\n<aside data-ad-slot=\"true\" class=\"ad-slot-container dcr-jko40v\"\/>\n<article id=\"block-696f14268f08426017dd06b4\" class=\"block dcr-1os4bxs\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-1wl2b6o\">Trump: we&#8217;ll discuss Greenland in Davos<\/h2>\n<\/header>\n<p class=\"dcr-130mj7b\">Yesterday, president Donald Trump said the United States would talk about acquiring <a href=\"https:\/\/www.theguardian.com\/world\/greenland\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\">Greenland<\/a> at this week\u2019s World Economic Forum in Davos.<\/p>\n<p class=\"dcr-130mj7b\">He claimed Denmark cannot protect the country, telling reporters in Florida:<\/p>\n<blockquote data-spacefinder-role=\"inline\" class=\"dcr-154zxly\">\n<p><svg viewbox=\"0 0 22 14\" style=\"fill:var(--block-quote-fill)\" class=\"dcr-scql1j\"><path d=\"M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z\"\/><\/svg>\u201cWe have to have it. They have to have this done. They can\u2019t protect it, Denmark, they\u2019re wonderful people.<\/p>\n<p>I know the leaders, they\u2019re very good people, but they don\u2019t even go there.\u201d<\/p>\n<\/blockquote>\n<p class=\"dcr-130mj7b\">Trump also said in a social media post that he had a \u201cgood telephone call\u201d with NATO Secretary General Mark Rutte, and that he had agreed to a meeting of \u201cvarious parties\u201d on Greenland in <a href=\"https:\/\/www.theguardian.com\/business\/davos\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\">Davos<\/a>.<\/p>\n<footer class=\"dcr-3i7iba\"><gu-island name=\"ShareButton\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;size&quot;:&quot;xsmall&quot;,&quot;pageId&quot;:&quot;business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates&quot;,&quot;hash&quot;:&quot;block-696f14268f08426017dd06b4&quot;,&quot;queryParams&quot;:{&quot;page&quot;:&quot;with:block-696f14268f08426017dd06b4&quot;},&quot;webTitle&quot;:&quot;Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&quot;,&quot;format&quot;:{&quot;design&quot;:11,&quot;display&quot;:0,&quot;theme&quot;:0},&quot;context&quot;:&quot;LiveBlock&quot;}\"><a href=\"mailto:?subject=Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business live&amp;body=https:\/\/www.theguardian.com\/business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates?CMP=share_btn_url&amp;page=with%3Ablock-696f14268f08426017dd06b4#block-696f14268f08426017dd06b4\" type=\"button\" class=\"dcr-1mulgdf\">Share<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewbox=\"-3 -3 30 30\" focusable=\"false\" aria-hidden=\"true\"><path fill-rule=\"evenodd\" clip-rule=\"evenodd\" d=\"M19 16c1.675 0 3 1.35 3 3 0 1.675-1.325 3-3 3a2.97 2.97 0 0 1-2.975-3c0-.125 0-.275.025-.375L7.1 14.15a2.9 2.9 0 0 1-2.075.825C3.325 14.975 2 13.65 2 12a3.004 3.004 0 0 1 3.025-3.025c.775 0 1.5.35 2.075.875l8.95-4.475c-.025-.1-.025-.225-.025-.4A2.966 2.966 0 0 1 19 2c1.675 0 3 1.325 3 2.975C22 6.65 20.675 8 19 8c-.8 0-1.475-.325-2.05-.825l-8.975 4.45C8 11.7 8 11.825 8 12s0 .3-.025.375l8.975 4.45c.575-.5 1.25-.825 2.05-.825m0-12.8c-.975 0-1.8.775-1.8 1.775S18.025 6.8 19 6.8c1 0 1.825-.825 1.825-1.825S20 3.2 19 3.2m0 17.6c1 0 1.825-.825 1.825-1.8 0-1-.825-1.8-1.825-1.8-.975 0-1.8.8-1.8 1.8 0 .975.825 1.8 1.8 1.8\"\/><\/svg><\/a><\/gu-island><\/footer>\n<\/article>\n<aside data-ad-slot=\"true\" class=\"ad-slot-container ad-slot-desktop dcr-jko40v\"\/>\n<article id=\"block-696ddc168f08ea50a5d436eb\" class=\"block dcr-1os4bxs\">\n<header class=\"dcr-88va8u\">\n<h2 class=\"dcr-1wl2b6o\">Introduction: Von der Leyen, He, Macron, Carney and Bessent all to speak<\/h2>\n<\/header>\n<p class=\"dcr-130mj7b\"><strong>Good morning from Davos, where the World Economic Forum is getting underway under the shadow of Donald Trump\u2019s designs on <a href=\"https:\/\/www.theguardian.com\/world\/greenland\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\">Greenland<\/a>.<\/strong><\/p>\n<p class=\"dcr-130mj7b\">Nearly 3,000 leaders, including more than heads of state and government, are convening in Davos under the theme A Spirit of Dialogue \u2013 an optimistic position, given <a href=\"https:\/\/www.theguardian.com\/business\/ng-interactive\/2026\/jan\/18\/davos-2026-donald-trump-us-wef-world-economic-forum\" data-link-name=\"in body link\">the pressures facing the old world order<\/a>.<\/p>\n<p class=\"dcr-130mj7b\">The sight of one NATO member coveting another\u2019s territory, and threatening trade levies if it can\u2019t have it, is anathma to WEF\u2019s identity as a champion of the rules-based, multilateral system.<\/p>\n<p class=\"dcr-130mj7b\">So, that Spirit of Dialogue will be tested, as European leaders question how to handle a US president who likes to communicate through the big stick of tariff threats.<\/p>\n<p class=\"dcr-130mj7b\">As we reported yesterday, Europe is now considering retaliation:<\/p>\n<figure id=\"ad676e3b-d802-4886-a1b3-e366545b9ca8\" data-spacefinder-role=\"inline\" data-spacefinder-type=\"model.dotcomrendering.pageElements.RichLinkBlockElement\" class=\"dcr-173mewl\"><gu-island name=\"RichLinkComponent\" priority=\"feature\" deferuntil=\"idle\" props=\"{&quot;richLinkIndex&quot;:5,&quot;element&quot;:{&quot;_type&quot;:&quot;model.dotcomrendering.pageElements.RichLinkBlockElement&quot;,&quot;prefix&quot;:&quot;Related: &quot;,&quot;text&quot;:&quot;EU considers retaliatory measures over Trump Greenland tariff \u2018blackmail\u2019&quot;,&quot;elementId&quot;:&quot;ad676e3b-d802-4886-a1b3-e366545b9ca8&quot;,&quot;role&quot;:&quot;inline&quot;,&quot;url&quot;:&quot;https:\/\/www.theguardian.com\/world\/2026\/jan\/18\/europe-diplomats-crisis-talks-trump-tariffs-greenland&quot;},&quot;ajaxUrl&quot;:&quot;https:\/\/api.nextgen.guardianapps.co.uk&quot;,&quot;format&quot;:{&quot;design&quot;:11,&quot;display&quot;:0,&quot;theme&quot;:0},&quot;isInStarRatingVariant&quot;:false}\"\/><\/figure>\n<p class=\"dcr-130mj7b\">It promises to be one of the most consequential, tense and dramatic WEF meetings in years. The US have sent their biggest ever delegation to <a href=\"https:\/\/www.theguardian.com\/business\/davos\" data-link-name=\"in body link\" data-component=\"auto-linked-tag\">Davos<\/a>, including Treasury Secretary <strong>Scott<\/strong> <strong>Bessent<\/strong> \u2013 who told reporters here yesterday it would be \u201cvery unwise\u201c for European governments to retaliate.<\/p>\n<p class=\"dcr-130mj7b\">As Bessent put it:<\/p>\n<blockquote data-spacefinder-role=\"inline\" class=\"dcr-154zxly\">\n<p><svg viewbox=\"0 0 22 14\" style=\"fill:var(--block-quote-fill)\" class=\"dcr-scql1j\"><path d=\"M5.255 0h4.75c-.572 4.53-1.077 8.972-1.297 13.941H0C.792 9.104 2.44 4.53 5.255 0Zm11.061 0H21c-.506 4.53-1.077 8.972-1.297 13.941h-8.686c.902-4.837 2.485-9.411 5.3-13.941Z\"\/><\/svg>\u201cI think it\u2019s a complete canard that the president will be doing this because of the Nobel prize. The president is looking at Greenland as a strategic asset for the United States.\u201d<\/p>\n<\/blockquote>\n<p class=\"dcr-130mj7b\">Greenland isn\u2019t the only crisis overshadowing Davos; Iran, Ukraine, AI bubble fears, and Trump\u2019s choice of the next head of the US Federal Reserve are also on delegates\u2019 minds.<\/p>\n<p class=\"dcr-130mj7b\">There\u2019s also a lot going on outside the WEF congress centre itself, as many businesses and governments have taken over Davos shops and turned them into their own bases for the week.<\/p>\n<p class=\"dcr-130mj7b\">So as well as the talking and speechifying, there\u2019ll be business deals being carved up here in the snow.<\/p>\n<p class=\"dcr-130mj7b\">Trump is due to address Davos on Wednesday in a special address; today we\u2019ll hear from <strong>Ursula von der Leyen<\/strong>, president of the European Union, French president <strong>Emmanuel Macron<\/strong>, China\u2019s vice-premier <strong>He Lifeng<\/strong>, and Canada\u2019s prime minister <strong>Mark Carney<\/strong>, with UK chancellor <strong>Rachel Reeves<\/strong> also appearing on a panel.<\/p>\n<h2 id=\"the-agenda\" class=\"dcr-12ibh7f\">The agenda<\/h2>\n<ul class=\"dcr-130mj7b\">\n<li class=\"dcr-130mj7b\">\n<p class=\"dcr-130mj7b\">9.30am Davos \/ 8.30am GMT: Conversation with Satya Nadella, CEO of Microsoft<\/p>\n<\/li>\n<li class=\"dcr-130mj7b\">\n<p class=\"dcr-130mj7b\">10.50am Davos \/ 9.50am GMT: Speech: Ursula Von der Leyen, president of the European Union<\/p>\n<\/li>\n<li class=\"dcr-130mj7b\">\n<p class=\"dcr-130mj7b\">11.20am Davos \/ 10.20am GMT: He Lifeng, Vice-Premier of the People\u2019s Republic of China<\/p>\n<\/li>\n<li class=\"dcr-130mj7b\">\n<p class=\"dcr-130mj7b\">2pm Davos \/ 1pm GMT: Speech: French president Emmanuel Macron<\/p>\n<\/li>\n<li class=\"dcr-130mj7b\">\n<p class=\"dcr-130mj7b\">2.30pm Davos \/ 1.30pm GMT: Conversation with Treasury Secretary Scott Bessent<\/p>\n<\/li>\n<li class=\"dcr-130mj7b\">\n<p class=\"dcr-130mj7b\">3.30pm Davos\/ 2.30pm GMT: Conversation with Sheikh Mohammed bin Abdulrahman Al Thani, Prime Minister of Qatar<\/p>\n<\/li>\n<li class=\"dcr-130mj7b\">\n<p class=\"dcr-130mj7b\">4.15pm Davos \/ 3.15pm GMT: Panel discussion on \u201cProsperity: Sovereign Yet Connected?\u201d including chancellor Rachel Reeves<\/p>\n<\/li>\n<\/ul>\n<footer class=\"dcr-3i7iba\"><gu-island name=\"ShareButton\" priority=\"feature\" deferuntil=\"visible\" props=\"{&quot;size&quot;:&quot;xsmall&quot;,&quot;pageId&quot;:&quot;business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates&quot;,&quot;hash&quot;:&quot;block-696ddc168f08ea50a5d436eb&quot;,&quot;queryParams&quot;:{&quot;page&quot;:&quot;with:block-696ddc168f08ea50a5d436eb&quot;},&quot;webTitle&quot;:&quot;Davos: Von der Leyen, He, Macron and Carney to speak as Greenland crisis looms over WEF \u2013 business 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2.075.875l8.95-4.475c-.025-.1-.025-.225-.025-.4A2.966 2.966 0 0 1 19 2c1.675 0 3 1.325 3 2.975C22 6.65 20.675 8 19 8c-.8 0-1.475-.325-2.05-.825l-8.975 4.45C8 11.7 8 11.825 8 12s0 .3-.025.375l8.975 4.45c.575-.5 1.25-.825 2.05-.825m0-12.8c-.975 0-1.8.775-1.8 1.775S18.025 6.8 19 6.8c1 0 1.825-.825 1.825-1.825S20 3.2 19 3.2m0 17.6c1 0 1.825-.825 1.825-1.8 0-1-.825-1.8-1.825-1.8-.975 0-1.8.8-1.8 1.8 0 .975.825 1.8 1.8 1.8\"\/><\/svg><\/a><\/gu-island><\/footer>\n<\/article>\n<p><gu-island name=\"LiveBlogEpic\" priority=\"feature\" deferuntil=\"idle\" props=\"{&quot;sectionId&quot;:&quot;business&quot;,&quot;shouldHideReaderRevenue&quot;:false,&quot;tags&quot;:[{&quot;id&quot;:&quot;business\/series\/guardian-business-live&quot;,&quot;type&quot;:&quot;Series&quot;,&quot;title&quot;:&quot;Business live&quot;},{&quot;id&quot;:&quot;business\/business&quot;,&quot;type&quot;:&quot;Keyword&quot;,&quot;title&quot;:&quot;Business&quot;},{&quot;id&quot;:&quot;business\/davos&quot;,&quot;type&quot;:&quot;Keyword&quot;,&quot;title&quot;:&quot;Davos&quot;},{&quot;id&quot;:&quot;business\/davos-2026&quot;,&quot;type&quot;:&quot;Keyword&quot;,&quot;title&quot;:&quot;Davos 2026&quot;},{&quot;id&quot;:&quot;us-news\/trump-administration&quot;,&quot;type&quot;:&quot;Keyword&quot;,&quot;title&quot;:&quot;Trump administration&quot;},{&quot;id&quot;:&quot;campaign\/email\/business-today&quot;,&quot;type&quot;:&quot;Campaign&quot;,&quot;title&quot;:&quot;Business Today (newsletter signup)&quot;},{&quot;id&quot;:&quot;world\/greenland&quot;,&quot;type&quot;:&quot;Keyword&quot;,&quot;title&quot;:&quot;Greenland&quot;},{&quot;id&quot;:&quot;us-news\/us-news&quot;,&quot;type&quot;:&quot;Keyword&quot;,&quot;title&quot;:&quot;US news&quot;},{&quot;id&quot;:&quot;world\/world&quot;,&quot;type&quot;:&quot;Keyword&quot;,&quot;title&quot;:&quot;World news&quot;},{&quot;id&quot;:&quot;uk\/uk&quot;,&quot;type&quot;:&quot;Keyword&quot;,&quot;title&quot;:&quot;UK news&quot;},{&quot;id&quot;:&quot;type\/article&quot;,&quot;type&quot;:&quot;Type&quot;,&quot;title&quot;:&quot;Article&quot;},{&quot;id&quot;:&quot;tone\/minutebyminute&quot;,&quot;type&quot;:&quot;Tone&quot;,&quot;title&quot;:&quot;Minute by minute&quot;},{&quot;id&quot;:&quot;tone\/news&quot;,&quot;type&quot;:&quot;Tone&quot;,&quot;title&quot;:&quot;News&quot;},{&quot;id&quot;:&quot;profile\/graemewearden&quot;,&quot;type&quot;:&quot;Contributor&quot;,&quot;title&quot;:&quot;Graeme Wearden&quot;,&quot;bylineImageUrl&quot;:&quot;https:\/\/i.guim.co.uk\/img\/static\/sys-images\/Guardian\/Pix\/contributor\/2014\/5\/7\/1399476600504\/Graeme-Wearden.jpg?width=300&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=e3e4394eb9ff3c21f96ba37767603f50&quot;,&quot;bylineLargeImageUrl&quot;:&quot;https:\/\/i.guim.co.uk\/img\/uploads\/2017\/10\/06\/Graeme-Wearden,-L.png?width=300&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=e7c6ad839ffcd2d7612b7976017923ac&quot;},{&quot;id&quot;:&quot;profile\/heatherstewart&quot;,&quot;type&quot;:&quot;Contributor&quot;,&quot;title&quot;:&quot;Heather Stewart&quot;,&quot;bylineImageUrl&quot;:&quot;https:\/\/i.guim.co.uk\/img\/uploads\/2024\/11\/15\/Heather_Stewart.jpg?width=300&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=cf7d0525395488d2df7e9dbc58ec31df&quot;,&quot;bylineLargeImageUrl&quot;:&quot;https:\/\/i.guim.co.uk\/img\/uploads\/2024\/11\/15\/Heather_Stewart,_L.png?width=300&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=7129269429563eaffc5fbf8c05be02be&quot;},{&quot;id&quot;:&quot;tracking\/commissioningdesk\/uk-business&quot;,&quot;type&quot;:&quot;Tracking&quot;,&quot;title&quot;:&quot;UK Business&quot;}],&quot;isPaidContent&quot;:false,&quot;contributionsServiceUrl&quot;:&quot;https:\/\/contributions.guardianapis.com&quot;,&quot;pageId&quot;:&quot;business\/live\/2026\/jan\/20\/davos-von-der-leyen-he-macron-carney-wef-greenland-trump-uk-unemployment-business-live-news-updates&quot;,&quot;keywordIds&quot;:&quot;business\/business,business\/davos,business\/davos-2026,us-news\/trump-administration,world\/greenland,us-news\/us-news,world\/world,uk\/uk&quot;,&quot;renderingTarget&quot;:&quot;Web&quot;}\"\/><\/div>\n<p>#Davos #Von #der #Leyen #Macron #Carney #speak #Greenland #crisis #looms #WEF #business #live #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction: Von der Leyen, H&hellip; <\/p>\n","protected":false},"author":1,"featured_media":13926,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/13925"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13925"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/13925\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/13926"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13925"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13925"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13925"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}