UK urges west to use frozen Russian assets to rebuild Ukraine’s economy

Foreign secretary says there are legal, moral and political justifications for using assets of $350bn

Britain is ramping up pressure on western governments to use $350bn (£275bn) of frozen Russian assets to help rebuild Ukraine’s war-shattered economy, with David Cameron insisting there were legal, moral and political justifications for action.

The foreign secretary said the countries that were backing Ukraine had economies that when combined were 25 times the size of Russia and it was important to make that firepower count.

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Rwanda president: efforts to implement asylum plan cannot ‘drag on’

Paul Kagame also says he would be happy for the scheme to be scrapped

Rwanda’s president has said there are limits to how long attempts to implement an asylum deal with Britain can “drag on”, indicating he would be happy for the scheme to be scrapped.

Paul Kagame’s comments on Wednesday came before Rishi Sunak faced a potentially leadership-ending rebellion by Conservative MPs threatening to vote down his Rwanda deportation bill on Wednesday night.

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Davos day one: Volodymyr Zelenskiy rallies support for Ukraine after ‘upbeat’ meeting with CEOs – business live

Rolling coverage of the opening day of the World Economic Forum in Davos

Ukraine’s president, Volodymyr Zelenskiy, has met business chiefs at a session for “CEOs for Ukraine”, here at the World Economic Forum, before his speech this afternoon.

He was seated alongside Ursula von der Leyen, European Commission President, who will also address WEF today:

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Zelenskiy tells Davos chiefs: ‘Strengthen our economy, we will strengthen your security’

Standing ovation greets Ukrainian president’s speech amid strong support from EU and business leaders

Volodymyr Zelenskiy has made an impassioned plea for international support for his country’s war against Russia, insisting that Vladimir Putin must live to regret starting the conflict almost two years ago.

In a speech that received a standing ovation from the World Economic Forum in Davos, the Ukrainian president said the Putin had stolen 13 years of peace and would only respond to military defeat.

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Geopolitical tensions and AI dominate start of World Economic Forum

Ukraine, Middle East and Taiwan overshadow annual meeting at Davos, with artificial intelligence also high on agenda

Growing concern that heightened geopolitical tension could damage an already shaky global economy has dominated the start of the annual gathering of the world’s business and political elite in Davos, Switzerland.

Three potential flash points – Ukraine, the Middle East and Taiwan – threatened to overshadow the meeting of the World Economic Forum (WEF) aimed at rebuilding trust after the series of setbacks suffered in the past four years, including war, the Covid-19 pandemic and the cost of living crisis.

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Ukraine urges world leaders to intensify war efforts on first day at Davos

Kyiv officials ask allies at World Economic Forum to step up military supplies to defeat Russia

Ukraine has urged world leaders to intensify efforts to remove Vladimir Putin’s troops from its soil as the country’s war with Russia dominated the first full day of the gathering of the global elite in Davos.

With the war clouding the outlook for the global economy in 2023, Ukraine’s deputy prime minister, Yuliia Svyrydenko, urged the country’s allies to step up supplies of military hardware so that Russia could be more quickly defeated.

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Ramaphosa cancels Davos trip amid South Africa energy crisis

Africa’s most industrialised economy being hit by daily power cuts as anger grows among opposition and public

Cyril Ramaphosa has cancelled his trip to the World Economic Forum in Switzerland as South Africa grapples with an unprecedented energy crisis that has resulted in daily power cuts of between eight and 11 hours across the country.

Anger is growing as offices, hospitals, factories and tens of thousands of small businesses are forced to close, with outages also causing increased crime, traffic disruption and massive wastage as food supply chains collapse.

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Davos’s elite will need to do some soul-searching in a world falling apart

The first proper World Economic Forum for three years will take place against a humbling backdrop of crisis and conflict

The war in Ukraine. A rapidly slowing economy, fragmentation and de-globalisation. The rising cost of living. Climate change. There is plenty for the global great and good to get their teeth into this week as Davos resumes after a three-year hiatus.

Strictly speaking, it not the first gathering of world leaders, businesspeople, academics and civil society since the start of the pandemic, but last May’s World Economic Forum event was a slimmed-down and not especially well-attended affair. As a dry run it was fine, but a real Davos traditionally happens in January, when the snow is thick on the ground in the Swiss village 1,500 metres up in the Alps. In the past, the mood at Davos has oscillated between extreme optimism and unbridled gloom, depending on the state of the world economy. This year it looks certain to be the latter. As Klaus Schwab, founder and executive chair of the WEF put it last week, “economic, environmental, social and geopolitical crises are converging and conflating”. The aim of this year’s Davos, he added, was to get rid of the “crisis mindset”.

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Pfizer to offer all its drugs not-for-profit to 45 lower-income countries

Company launches ‘healthier world’ accord in Davos and speaks to other pharma firms about similar steps

Pfizer has announced it is to supply all its current and future patent-protected medicines and vaccines on a not-for-profit basis to 45 lower-income countries and is talking to other big drugmakers about similar steps.

Announcing an “accord for a healthier world” at the World Economic Forum (WEF) annual meeting in Davos, the New York-based pharma firm pledged to provide all its products that are available in the US and Europe on a cost basis to 1.2 billion people in all 27 low-income countries such as Afghanistan and Ethiopia, plus 18 lower-middle-income countries including Ghana.

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AstraZeneca reviews diversity in trials to ensure drugs work for all

Firm aims to apply ‘equity lens’ across clinical tests to ensure diverse population groups take part

The pharmaceutical giant AstraZeneca is conducting a major review of diversity across its trials in an attempt to ensure its medicines work for all population groups, although it has admitted that including pregnant women is a particular challenge.

The head of oncology at Britain’s biggest drugmaker, David Fredrickson told the Guardian that the firm was among those leading efforts to improve participation of people of colour and other under-represented groups in clinical trials.

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Zelenskiy urges ‘maximum sanctions’ against Russia in Davos speech

Ukrainian president tells business leaders they need to decide whether ‘brute force’ should rule the world

Ukraine’s president, Volodymyr Zelenskiy, has urged the west to intensify its economic sanctions against Russia as he said business leaders in Davos needed to decide whether “brute force” should rule the world.

In a keynote video address to the World Economic Forum (WEF), Zelenskiy called for a full oil embargo, the severing of Russian banks from the global financial system, the complete isolation of the Russian IT sector and a ban on trade with Russia.

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Millionaires join Davos protests, demanding ‘tax us now’

Group call for fresh taxation of wealthy to tackle cost of living crisis and gulf between rich and poor

A group of millionaires have joined protests against the World Economic Forum gathering of the business and political elite in Davos, Switzerland, demanding that governments “tax us now” to tackle the burgeoning gulf between rich and poor.

The unlikely protesters, who describe themselves as “patriotic millionaires”, called on world leaders attending the annual conference on Sunday to immediately introduce fresh taxes on the wealthy in order to tackle the “cost of living scandal playing out in multiple nations around the world”.

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Millionaires call on governments worldwide to ‘tax us now’

Group of 102 wealthy people say tax would help tackle gulf between rich and poor

More than 100 members of the global super-rich called on Wednesday for governments around the world to “tax us now” to help pay for the pandemic response and tackle the gulf between rich and poor.

The group of 102 millionaires and billionaires, including Disney heiress Abigail Disney, said the current tax system is rigged in their favour and needs to be rewritten to make taxation fairer for hard-working people and restore trust in politics.

Pay for the Health and Social Care Levy twice over every year – eliminating the need to raise national insurance on working people.

Cover the salaries of an additional 50,000 new nurses.

Pay for the permanent increase of universal credit.

Build 35,000 affordable houses and retrofit the UK’s draughtiest homes to reduce the cost of energy bills and help fight the climate crisis.

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So no one’s going to Davos: our guide to the big issues that won’t be tackled

We bring you Not the World Economic Forum, where monetary hawks fly and bankers explain why China is all right, really

The purpose of this column is usually fairly clear: to look ahead at the biggest event in the coming week. But this time we are breaking with tradition to bring you the week’s biggest non-event: Davos.

Every year the great and the good gather in the Swiss Alps at the grandly titled World Economic Forum to give their answers to the big questions. But Covid-19, running now into its fourth calendar year, has seen it called off again.

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Small farmers have the answer to feeding the world. Why isn’t the UN listening? | Elizabeth Mpofu and Henk Hobbelink

We’re among the thousands boycotting the UN food summit – it’s been hijacked by corporate interests while the voices of small-scale farmers go unheard

Thursday’s UN food summit proposes to help solve the world’s nutrition crisis, with 800 million people going hungry and 1.9 billion labelled obese, by better aligning food systems with development goals. But it won’t achieve any of this. The summit was hijacked early on by powerful corporate interests – but people are resisting.

Hundreds of social movements and civil society groups across the world representing small-scale and subsistence food producers, consumers and environmentalists are protesting about the summit for being undemocratic, non-transparent and focused only on strengthening only one food system: that backed by the big corporations. Civil society bodies active at the UN Food and Agriculture Organization (FAO), for instance, are running a massive grassroots boycott of the summit, and there is a website and several actions dedicated to it. Grain, a small nonprofit group campaigning for biodiversity-based food systems, shut down its website and social media in protest on Thursday and many other organisations are holding their own protests around the world. An online alternative forum in July, running in parallel with the pre-summit meeting in Rome, attracted about 9,000 participants. This week, even more are expected.

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Farmers and rights groups boycott food summit over big business links

Focus on agro-business rather than ecology has split groups invited to planned UN conference on hunger

An international food summit to address growing hunger and diet-related disease is in disarray as hundreds of farmers’ and human rights groups are planning a boycott.

Related: 'A shame for the world': Uganda's fragile forest ecosystem destroyed for sugar

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Xi Jinping warns of ‘new cold war’ if US keeps up protectionism

In virtual address to World Economic Forum, Chinese president calls for multilateral approach to crisis

China’s president, Xi Jinping, has sent out a warning to Joe Biden that he risks a new cold war if he continues with the protectionist policies of his predecessor, Donald Trump.

In an address to the virtual World Economic Forum event, Xi called for a multilateral approach to solving the economic crisis caused by Covid-19 and said the pandemic should not be used as an excuse to reverse globalisation in favour of “decoupling and seclusion”.

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‘It’s a big deal’: why former protester turned Davos mayor wants WEF back

Philipp Wilhelm knows local people rely on forum’s revenue – but still thinks world must change

In his youth, Philipp Wilhelm was at the forefront of protests against the World Economic Forum’s annual “extreme capitalism” gathering of the business and political elite in Davos, the Swiss mountain resort where he grew up.

Now, however, Wilhelm is the mayor of the town and his central mission is to ensure the return of the WEF jamboree, which had been scheduled to start next week but was cancelled this year due to the pandemic.

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US and Europe clash over climate crisis threat on last Davos day

US Treasury secretary Steve Mnuchin downplay risks posed by climate emergency

The US and Europe have clashed over the threat posed by global heating as Donald Trump’s finance minister downplayed the risks of a climate crisis during the final session of the World Economic Forum in Davos.

Steve Mnuchin, the US Treasury secretary, said the debate should be about “environmental issues” rather than climate change, that the costs were being over-estimated and that climate was only one of several concerns that needed to be discussed.

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Soros gives $1bn to fund universities ‘and stop drift towards authoritarianism’

Philanthropist unveils plan for global network of institutions at Davos and attacks Trump as ‘ultimate narcissist’

The philanthropist and former financier George Soros has announced that he is to donate $1bn to fund a new global network of universities designed to promote liberal values and his vision of an open society.

In what he hailed as the “most important and enduring project of my life”, Soros said it was important to fund institutions that would help resist the drift towards growing authoritarianism in the US, Russia and China. He also launched a fresh attack on Donald Trump, calling the US president “the ultimate narcissist”.

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