Swedish climate activist Greta Thunberg and other prominent environmentalists stage a protest on the last day of meetings at the annual World Economic Forum in Davos, Switzerland.
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Swedish climate activist Greta Thunberg and other prominent climate campaigners including Vanessa Nakate and Helena Neubauer held a climate march on Friday, the final day of panels at the World Economic Forum in Davos, Switzerland.
Thunberg met with the chief of the International Energy Agency, Fatih Birol, on the sidelines of the convention on Thursday and slammed corporate elites for their inaction.
Leaders at Davos are “fuelling the destruction of the planet” by investing in fossil fuels and prioritising short-term profits over people affected by the climate crisis, she said.
The activists brought a 'cease and desist' letter calling on the heads of fossil fuel companies to stop all new oil and natural gas projects, it was signed by nearly 900,000 people.
Click on the image above to watch the march.
This year's forum was themed 'Cooperation in a Fragmented World' and concluded at lunchtime on Friday after five intense days of presentations and debates. Speakers included the President of the European Commission, Ursula von der Leyen; the Chancellor of Germany, Olaf Scholz; the President of Ukraine, Volodymyr Zelenskyy and the UN's Secretary-General, António Guterres.
This year a record number of world leaders and business experts attended; more than 1,500 public figures from some 700 organisations.
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Live ended
That's it for our live coverage of the World Economic Forum in Davos this year.
Be sure to follow our correspondents David Walsh, Meabh McMahon, Sasha Vakulina and Fay Doulgkeri on Twitter for more updates.
What did I miss?
Three videos from the WEP to catch up on:
Confused about Davos? Our Euronews correspondents who were onsite all week walk through their experiences covering the World Economic Forum 2023.
Euronews' Sasha Vakulina hosted the panel War in Europe: Year 2. The Prime Minister of Finland, Sanna Marin and the President of Moldova, Maia Sandu were among the panellists.
The European Commission President, Ursula von der Leyen, delivered a speech at the WEF in Davos, Switzerland, which was preceded by a special message from Ukrainian first lady Olena Zelenska.
"Inflation is still too high," warns Lagarde
The President of the European Central Bank (ECB), Christine Lagarde, has warned that inflation continues to be "too high" despite the decline experienced in recent months.
Lagarde lamented that many journalists "emphasise too much in their headlines that inflation has dropped", despite the fact that it is still at very high levels -- the very reason the body that she presides over "maintains its mandate to place it at 2%".
Lagarde pointed out that activity in Europe "is falling compared to 2022" but it is better than expected.
Do we need a new Helsinki Accord?
In the midst of wars and conflicts, the call for a new “Helsinki” is growing louder, can the Organization for Security and Co-operation in Europe (the OSCE) spearhead a new agreement on security dialogue and coordination?
Catch up on this morning's session here.
WATCH: The final session at the World Economic Forum 2023
Closing Remarks: The Road Ahead
Børge Brende, the President of the World Economic Forum will bring this week's panels to a close at 12:00 CET.
It is very different to have a cost of living crisis and a job, than a cost of living crisis and no job
Kristalina Georgieva, the Managing Director of the International Monetary Fund
The Russian economy is expected to contract by up to 6% in 2023, amid record-high energy prices, which are likely to influence both domestic policies and future operations in Ukraine. For Mikuláš Bek, the Czech Minister for European Affairs who is responsible for the Czech Presidency at the Council of the European Union, it is crucial to “focus on the defence capabilities of the European Union".
Watch below.
We probably all underestimated inflationary pressure in 2021…. Probably, with the benefit of hindsight, monetary policy was all over the place, a little bit too expansionary.
Thomas Jordan - Chairman of the Swiss National Bank
Two sessions to watch at 11:00 CET
Global Economic Outlook: Is this the End of an Era?
What does the future of growth look like and what policies are needed to stabilise the global economy?
Christine Lagarde, the President of the European Central Bank and Kristalina Georgieva, the Managing Director of the International Monetary Fund will join panellists to discuss.
Open Forum: In Case of Fire, Use Stairs
How can the climate emergency be turned into an opportunity for inclusion? Author, Christoph Keller; Fawn Sharp, the President of the National Congress of American Indians and Ashleigh Streeter-Jones, Community Champion from the Melbourne Hub will discuss how to better accommodate people living with disabilities who are affected by the climate crisis.
Welcome back to the final day of talks at the World Economic Forum in Davos, Switzerland. We will be providing you with the latest developments and the highlights from the week.
That's it for our World Economic Forum coverage today, we will be back for the final day of sessions tomorrow morning, thanks for reading.
Greece is no longer the sick patient of Europe
Kyriakos Mitsokakis, The Prime Minister of Greece
Mitsokakis was optimistic on Thursday regarding the evolution of his country in recent years and defended how his government's work has achieved "an economic transformation" thanks to a series of measures taken "from common sense".
Next winter may be more difficult. We have to promote much more renewable energy. And individual countries should think about going nuclear, saving natural gas in buildings and elsewhere, and trying to get more gas from Norway, the United States, Azerbaijan, and others.
Fatih Birol, the Director of the International Energy Agency to Euronews
Corruption can’t be tolerated in any form but we do need to see it in perspective as well. Europe is a superpower when it comes to values, despite our flaws and there are many. We are one of the least corrupt parts of the world, if not the least corrupt. We do have the highest standards when it comes to human rights, the rule of law, free and fair elections, the rights of women, the rights of LGBT people and not using the health penalty. What's happening in the European Parliament now will certainly do reputational damage to the European Union but we shouldn't allow it to cause us to forget why those values are so important and why we are a distinct part of the world and it should be an opportunity I think, to enhance those basic values.
Leo Varadkar, the Taoiseach of Ireland
I am not here to tell you that this will never happen again [the Qatar corruption scandal in the European Parliament], but I am here to say that it is my responsibility, the buck stops with me, that I need to make sure that alarm bells should have rung earlier and firewalls should have been put in place. We are talking about an alleged case of huge political corruption, quite a big network. The impulse would be to blame who came before you, the impulse would also be to say, that's not, you know, in my immediate circle, I refused. I refused to do that. That would be the easiest [thing to do]. So, what we have had to do -- and it will be a very difficult few weeks and months ahead -- is on top of the reform that we need to do here... we need immediate measures to address the gaps we have.
Roberta Metsola, the President of the European Parliament
We do support the territorial integrity of Ukraine, as we do support the territorial integrity of Serbia... they ask me is Crimea part of Ukraine or Russia. Yes, it is part of Ukraine. Donbas is part of Ukraine, if you ask us and we won't change our attitude.
Aleksandar Vučić, the President of Serbia.
Serbia has condemned the invasion of Ukraine but has not joined Western sanctions against the Kremlin.
WATCH: Widening Europe's Horizons
How can the new European Political Community help the European Union and its neighbours strengthen the continent’s security landscape amid wider geopolitical shifts?
Roberta Metsola, the President of the European Parliament; Aleksandar Vučić, the President of Serbia; Leo Varadkar, the Taoiseach of Ireland and Edi Rama, the Prime Minister of Albania discuss.
Click here to view
Agreement for sustainable trade
The EU, Ecuador, Kenya and New Zealand have launched the Coalition of Trade Ministers on Climate, with the aim of promoting trade policies that serve to combat climate change.
The coalition is joined by 23 other countries, including the US, Canada and Japan.
The intention of this new political agreement, designed to collaborate equally with companies, civil society and financial institutions, will be to promote trade and investment in goods, services and technologies that help reduce the impact of climate change and allow countries to adapt to it.
We [the UK] burned through three prime ministers, four chancellors and four budgets in the last 12 months, those are not the conditions for stability.
Keir Starmer, Leader of the UK's Opposition
What to watch at 15.00 CET
(Click on the titles to watch)
Unlocking Employment for Refugees
How can businesses and governments work together to create employment opportunities for refugees? Hassan El Houry, the Chairman of Menzies Aviation and Becky Frankiewicz, the Chief Commercial Officer and President of the North American Manpower Group will discuss.
Women’s Leadership: Towards Parity in Power
How can we create better pathways to advance more women into the highest levels of leadership? Sviatlana Tsikhanouskaya, the Belarusian Opposition Leader and Gretchen Whitmer, the US Governor for the State of Michigan will discuss.
A Conversation with Kyriakos Mitsotakis, Prime Minister of Greece
The Greek premier, Kyriakos Mitsotakis, will take questions from CNN's Fareed Zakaria.
Mark Rutte in favour of a common foreign policy in the EU
The Prime Minister of the Netherlands, Mark Rutte, called for a common foreign policy in the European Union in Davos this Thursday in order to become "a player and not a playing field" on an international scale.
Rutte also recalled how the EU must negotiate as "it is the largest common market in world history".
We have to diversify sources of energy, for a long time I think Europe has been depending on whatever they have been depending on… its high time Europe, America etc, look to Africa to manufacture.
Samia Suluhu Hassan, the President of Tanzania
We are not removing something [oil and gas] until we have something better
Joe Manchin, US Senator of West Virginia (D)
'The time of the Wild West is over,' EU's Věra Jourová warns Elon Musk’s Twitter from Davos
Euronews Next has the story
The lunchtime read
Euronews Green has covered climate activist Greta Thunberg's visit to Davos.
Click here
Three sessions to watch over lunch
(Click on the titles below to watch)
Crisis of Democratic Capitalism
What is needed to ensure that democratic capitalism continues to thrive under the stresses of internal frictions, environmental challenges and powerful rival systems? Martin Wolf, the Associate Editor and Chief Economics Commentator at the Financial Times explains.
Beyond the Rainbow: Advancing LGBTQI+ Rights
Tirana Hassan, the Acting Executive Director of Human Rights Watch; Sarah Kate Ellis, the President and Chief Executive Officer of GLAAD and other panellists, discuss the lessons learned from recent changes in law and the expansion of LGBTQI rights in a number of countries.
Repowering the World
Mark Rutte, the Prime Minister of the Netherlands and Keir Starmer, the leader of the UK Opposition Labour Party, join four other speakers as well as host Hadley Gamble from CNBC to discuss how world leaders and private decision-makers can balance short-term needs with longer-term supply, sustainability and affordability requirements in a fraught geopolitical environment.
These people will go as far as they can, and for as long as they can while they get by. They'll keep investing in fossil fuels, they'll keep sacrificing people for their own gain.
Greta Thunberg, climate activist
My presence here is a very important signal that I want to give to the world. Climate change needs more attention. Unfortunately, attention to climate change is decreasing.
Fatih Birol, Director of the International Energy Agency
Euronews' Fay Doulgeri spoke to Andrej Plenković, the Prime Minister of Croatia, on the sidelines of Thursday's panels. The interview will be aired on Euronews' Global Conversation next week, stay tuned.
Euronews interviews Croatian PM Andrej Plenković
I don't think the destabilisation of the Balkans is possible, basically because of the European path these countries have chosen.
Andrej Plenković, Prime Minister of Croatia
Boris Johnson awarded a medal
This frame grab from a video shows former British Prime Minister Boris Johnson, right, receiving an honorary “Citizen of Kyiv” medal from Mayor Vitali Klitschko on the sidelines of the World Economic Forum annual meeting in Davos, Switzerland, Wednesday, Jan. 18, 2023.
WATCH: Finding Europe's New Growth
Christine Lagarde, the President of the European Central Bank; Mark Rutte, the Prime Minister of the Netherlands and Andrej Plenković, the Prime Minister of Croatia join panellists to discuss where Europe's leaders can find the space to deliver growth amid high debt and ever-increasing inflation.
Click here to view
WATCH: Financial Inclusion Beyond Access
What more can technology advancements and cross-sector coordination achieve to increase inclusion for underserved individuals and businesses?
Catch up on this session with panellists Dinesh Kumar Khara, the Chairman of the State Bank of India and Queen Máxima of the Netherlands.
Click here to view
Welcome back
Hello and welcome back to Euronews' live blog from the World Economic Forum in Davos. We will be keeping you up-to-date with all the latest news on the fourth day of talks in Switzerland.
That's it for Wednesday's live Davos coverage, we will be back tomorrow with all of the latest developments from the World Economic Forum.
The main takeaways from Wednesday's sessions:
- In his long-awaited speech, the President of Ukraine, Volodymyr Zelenskyy called on leaders, attending the summit in Davos to "speed" decisions to help Ukraine defeat Russia.
- Germany's Chancellor Olaf Scholz is under pressure to supply Leopard tanks to Ukraine and has so far, not authorised their delivery. However, Scholz promised to continue sending military support to Ukraine.
- António Guterres, the UN's Secretary-General, launched a new plea for the protection of the planet and the fight against climate change. He also denounced the "big lie of the oil industry".
- In a letter entitled 'The Cost of Extreme Wealth', more than 200 members of the ultra-rich called on leaders at Davos to tax the super-wealthy to narrow the inequality gap.
- Euronews' Sasha Vakulina led a panel called 'State of the Pandemic' and also interviewed the President of Poland, Andrzej Duda, on the sidelines of the forum.
- NATO Secretary-General Jens Stoltenberg said Ukraine’s Western backers will discuss ways to supply heavier and more advanced weapons to help it fight Russia this week.
- France’s junior minister for European Affairs, Laurence Boone, said Europe needs a “big bang” to catch up in moving to renewables and secure energy supplies.
- The First Lady of Ukraine, Olena Zelenska, said her foundation is working to provide warmth and light to people who are often living in half-destroyed homes in areas occupied by Russian forces.
NATO's position has not changed, Ukraine will become a member country.
NATO's Secretary-General, Jens Stoltenberg
I know very well that Ukraine needs weapons...weapons are crucial now because this war is really very difficult. This is not the end of the war, Russia is not defeated... they are still very strong... we are afraid they are preparing for a new offensive.
Andrzej Duda, the President of Poland
I don’t know where this place is [Russia's place in the world] it seems that this place is among terrorists, Russia chose this place.
Volodymyr Zelenskyy, the President of Ukraine
We didn't start this war but we have to finish it
Volodymyr Zelenskyy, the President of Ukraine
Help us to end this war faster!
Volodymyr Zelenskyy, the President of Ukraine
WATCH: Restoring Security and Peace
In a time of grave challenges, how can leaders collaborate and cooperate to defend our collective security?
Jens Stoltenberg, NATO Secretary-General and Andrzej Duda, the President of Poland will join panellists at 17.15 CET
Click here to watch live
Volodymyr Zelenskyy, the President of Ukraine, holds a minute of silence at the WEF at the beginning of his special address.
We will continue to support Ukraine with comprehensive weapon deliveries: in coordination with our partners... This will include defensive systems like IRIS-T or Patriot [missiles].
Olaf Scholz, Chancellor of Germany
Energy must remain affordable - in Germany and in Europe.
Olaf Scholz, Chancellor of Germany
We are in the process of drawing up a Marshall Plan for Ukraine.
Olaf Scholz, Chancellor of Germany
WATCH: A Special Address by Olaf Scholz, Federal Chancellor of Germany
Germany's Olaf Scholz will give a speech at the WEF at 15:45 CET.
His address comes amid increasing pressure to send "Leopard 2" battle tanks to Ukraine.
Click here
WATCH: Nature Heals
More than one in two people live in cities, with the average person spending almost seven hours per day in front of a screen. What are the effects of current lifestyles on the man-nature relationship and overall human health and well-being?
Speakers include Harmony Jade Wayner, Vice-Chair of the Arctic Youth Network and Prince Daniel of Sweden.
Click here
In many regions of our country, people are getting electricity for only a few hours a day and in those regions that are close to the front lines, they are completely cut off from any infrastructure.
The First Lady of Ukraine, Olena Zelenska, on the humanitarian situation in Ukraine
Japan’s economy has long been run by a bunch of old men... We need to change this drastically because we need diverse ideas to bring about innovation in the new era. You shouldn’t make decisions with only old men who have spent a long time in the same company.
Yasutoshi Nishimura, Japan’s minister of trade and industry
WATCH: Leading the Charge through Earth's New Normal
What visionary leadership is needed for transformative solutions and global collaboration to build a more inclusive, prosperous and sustainable future? Panellists including Al Gore, the former US Vice-President (1993-2001); Gustavo Francisco Petro Urrego, the President of Colombia and Gim Huay Neo, the Managing Director of the Centre for Nature and Climate at the WEF, discuss.
Click here
Euronews interviews Andrzej Duda, the President of Poland
"What is important, firstly Russia must be stopped. The agressor must be stopped. The agressor must be repulsed. That’s why we, as a free world, must support Ukraine with full strength, including militarily.
Andrzej Duda, the President of Poland
Duda will appear on Euronews' Global Conversation next week, stay tuned.
WATCH: A Conversation with the First Lady of Ukraine
The First Lady of Ukraine, Olena Zelenska, will join Mirek Dušek, the Managing Director at the World Economic Forum at 13.45 CET
Click here
If we continue with this momentum, we are heading towards the complete exhaustion of the planet. And that's because billionaires consume so much more carbon than the average person, a million times more if we consider their investments. We simply cannot afford it. So we need to look at what we can do collectively to keep a planet livable and also what is morally right in human terms.
Gabriela Bucher, Executive Director of Oxfam International
The main points to remember on this third day of the World Economic Forum:
- In his speech, UN Secretary-General Antonio Guterres launched a new plea for the protection of the planet and the fight against climate change, in order to end "our self-destructive war against nature". He also denounced "the big lie" of the oil industry.
- Ukrainian President Volodymyr Zelensky will speak at 17:00 CET, Euronews will cover the speech live on air
- In an op-ed titled "The Cost of Extreme Wealth," some 200 ultra-rich called on leaders in Davos to introduce a wealth tax
When is Greta Thunberg arriving in Davos and why is she protesting the World Economic Forum?
Euronews Green has the story, read it here.
Davos organisers: Musk wasn't invited despite what he says
Multibillionaire Elon Musk claimed on Twitter last month that he was invited to the World Economic Forum but declined because it "sounded boring af."
However, forum spokesman Yann Zopf said on Tuesday that the last time the Tesla CEO got an invitation was “not this year and not recently — last time in 2015.”
Organisers did extend invitations to Musk, to join a few times in the 2010s (the last being in 2015) but he never registered or attended the annual meeting, Zopf said.
Musk is still grappling with the fallout from buying Twitter last year for $44 billion.
WATCH: India's Road to a $10 Trillion Economy
From financial sector reforms to developing new industries, what concrete actions will drive India’s economic transformation over the coming decade?
Watch here
‘Big Oil peddled the big lie’: UN chief calls out fossil fuel giants for ignoring climate science
Euronews Green has the story, read here.
65% of countries have cut their education budgets in the wake of health, economic and energy crises
In 'How to Prevent Lost Learning', Catherine Russell, the Executive Director of the United Nations Children's Fund (UNICEF) and other guests, recognise the challenges that schools and educators are facing in a fragmented world and look at innovative and bold steps to turn the education crisis into an opportunity.
Watch here
Euronews' Sasha Vakulina led 'State of the Pandemic'
Euronews correspondent Sasha Vakulina was back this morning for another panel discussion. She asked her guests, how can the world shift its COVID-19 strategy from the pandemic response to endemic management and close the persistent gaps in access to diagnostics, therapeutics and health services. The panel included: Stéphane Bancel, the Chief Executive Officer for Moderna and Maria Leptin, the President of the European Research Council.
We are flirting with climate disaster. Every week brings a new climate horror story. Greenhouse gas emissions are at record levels and are growing. The commitment to limit global temperature rise to 1.5 degrees is nearly going up in smoke. Without action, we are heading to a 2.8-degree increase and the consequences as we all know would be devastating."
António Guterres, the Secretary-General of the United Nations
Our world is plagued with a perfect storm on a number of fronts. Starting with the short-term: the global economic crisis, the outlook as we all know is bleak. Many parts of the world are facing recession and the entire world faces a slowdown. Ane, we see deepening inequalities and the rapidly unfolding cost-of-living crisis affecting women and girls the most."
António Guterres, the Secretary-General of the United Nations
António Guterres, the Secretary-General of the United Nations is due to give a special address at 11.15 CET. Other speakers in this session will include Børge Brende, the President of the World Economic Forum in Geneva and Klaus Schwab, the WEP's Founder and Executive Chairman.
Watch Live
Welcome back to Euronews' live blog. We will be keeping you up-to-date with the top developments from the World Economic Forum in Davos, Switzerland.
More live coverage coming on Wednesday
That's the end of Live Blog coverage from Davos for Tuesday, but we will be back here with more live news from the World Economic Forum in the morning.
Latin America, Analysed
What are the key transformations taking place in the region, and how can it succeed in the current context, proving forecasters wrong and coming out stronger?
Catch up on what you might have missed via this link
Did you miss the discussion on women's rights in Iran?
We have you covered, click on the link below to watch the replay.
Women’s rights in Iran – what next?
In case you missed it ...
A War in Europe: Year 2 is available to watch on Euronews' Youtube channel. Check it out via the link below.
Euronews hosts discussion on war in Europe at Davos 2023
I myself was in Kyiv on Maidan [Independence Square] exactly when the invasion started and I lived through that situation and covered the invasion from the capital of Ukraine. There is a debate whether this is Putin's war or the Russian war but it is certainly the war of every single Ukrainian who is there or is now in any other country and taking refuge there."
Euronews correspondent Sasha Vakulina's closing words at the panel discussion, War in Europe: Year 2.
This is bigger than just Ukraine because other nations are affected by it. Inflation is being affected by what is taking place because of the aggression of Russia. So, all of the countries seeing and talking about high inflation, they too will see as we move on, why it is significant and important for all of us to join together to make sure that Russia does not win this war."
Gregory W. Meeks, Congressman from New York (D), 5th District, USA; Ranking Member of the House Foreign Affairs Committee
"More than 70% of Moldovans support EU integration," says President Maia Sandu
"It's important to have a stable Moldova and that’s why EU enlargement is important," says the President of Moldova, Maia Sandu.
"Ukraine is paying the price for EU values and for democracy" she added.
Moldova applied for EU membership in March 2022 and was granted EU candidate status in June 2022.
"We will support Ukraine for as long as is needed, 5,10,15 years, whatever it takes," says Finland's PM
"We don't know how long the war will continue," says Prime Minister of Finland, Sanna Marin, but Marin affirmed that Ukraine's allies will continue to support the war-torn country as Russia's invasion nears year two.
In 2022, the Finnish government spent some €300 million in support of Ukraine, including around €190 million on defence equipment.
Spain confirms support for Svetlana Tikhanovskaya for democracy in Belarus
The President of Spain, Pedro Sanchez, reaffirmed on Tuesday to the leader of the Belarusian opposition, Svetlana Tikhanovskaïa, Spain's full support for the work she has done to defend democracy in her country.
Pedro Sánchez met Svetlana Tikhanovskaïa at the World Economic Forum in Davos, where both participated in various discussions and a series of meetings on the sidelines.
Spanish sources reported that the two held a meeting during which they analysed the situation in Belarus and other issues such as the evolution of the war in Ukraine and its consequences.
Highlights from a conversation with Idris Elba and Sabrina Dhowre Elba
Earlier this afternoon, actor Idris Elba and his wife, model and actress Sabrina Dhowre Elba sat down with their host Keir Simmons and discussed what drives them to champion diversity of thought and empower rural communities.
They also talked about access to youth education and the leadership imperative in fixing food systems for vulnerable communities and ensuring the resilience of smallholder farmers.
Check out Euronews' article below for more.
War in Europe: Year 2
Euronews correspondent Sasha Vakulina will join the Prime Minister of Finland, Sanna Marin; the President of the Republic of Moldova, Maia Sandu; Chairman of the ENGIE Group, Jean-Pierre Clamadieu and US Congressman, Gregory W. Meeks for a panel discussion on policy pathways and the effects of Russia's invasion of Ukraine from 15.15 CET, watch the panel above.
What to watch at 15.00 CET
There will be ten different panels taking place from 3 pm.
Here are three discussions to watch:
A conversation with Sanna Marin, Prime Minister of Finland
Finland's prime minister Sanna Marin will speak with host Fareed Zakaria
Keeping the lights on amid geopolitical fracture
The former Norweigan minister of foreign affairs, Børge Brende; US lawyer and politician, Christopher A. Coons; Finland's minister of foreign affairs, Pekka Haavisto; Saudi Arabia's foreign minister, H.H. Prince Faisal bin Farhan Al Saud; Qatar's deputy prime minister, Mohammed Bin Abdulrahman Al Thani and the managing director of the International Monetary Fund, Kristalina Georgieva will share in this discussion.
The speakers will examine opportunities for progress on urgent global issues such as food and humanitarian relief.
Women’s rights in Iran – what next?
Lebanese journalist, Rima Maktabi; Iranian-American journalist, Masih Alinejad; human rights lawyer and the interim executive director at Human Rights Watch, Tirana Hassan and Iranian-British actress and activist Nazanin Boniadi discuss the outlook for Iranian women in 2023, and how we secure their civic space.
Pressure mounts on Scholz to supply Leopard tanks to Ukraine
Germany's allies have stepped up pressure on Chancellor Olaf Scholz to issue stocks of German-made Leopard tanks to Ukraine ahead of a defence minister's meeting on Friday.
Berlin has so far opposed supplying modern tanks, saying Western armoured vehicles should only be granted to Kyiv if there is an agreement between Ukraine's key allies, especially the US.
Relaunching Trade, Growth and Investment
Børge Brende, Alexander De Croo, Laurence D. Fink, Ngozi Okonjo-Iweala and Robert Habeck discuss how leaders can reshape the current system to develop a new agenda for trade, growth and investment from 14.00 CET.
Watch Live
Almost 2 in 3 chief economists say a global recession is likely
WATCH: Saadia Zahidi, Raghuram G. Rajan, Nela Richardson and Gilles Moëc walk attendees in this media briefing through the global economic outlook for 2023. While stagflation (high inflation combined with low economic growth and high unemployment) is predicted to be the highest in Europe, some economists say the cost-of-living crisis might reach its peak and become less severe by the end of this year.
2023 Explained: Chief Economist Briefing
Von der Leyen denounces "aggressive attempts to attract our industrial capacities to China or elsewhere"
“China has made boosting clean tech innovation and manufacturing a key priority in its five-year plan. It dominates global production in sectors like electric vehicles or solar panels, which are essential for the transition”, said von der Leyen.
“But competition on net-zero must be based on a level playing field. China has been openly encouraging energy-intensive companies in Europe and elsewhere to relocate all or part of their production”, she said.
The Commission President warned that while Beijing promises low labour costs and cheap energy, it heavily subsidises its industry and restricts access to its market for EU companies.
Nevertheless, von der Leyen added that Europe will still need to work and trade with China, but the priority must be on “de-risking rather than decoupling.
“This means using all our tools to deal with unfair practices – including the new Foreign Subsidies Regulation. We will not hesitate to open investigations if we consider that our procurement or other markets are being distorted by such subsidies” she said.
In a tweet, the President said, "the road to net-zero will be the greatest transformation of our times. Europe has what it takes – talent, researchers, industrial capacity".
"We are in it for as long as it takes", Ursula von der leyen
"Europe’s reaction to the war is the latest example of how our Union has pulled together when it matters the most," said the President of the European Commission, Ursula von der Leyen in a special address.
Olena Zelenska: "We can't allow a new Chernobyl to happen again"
Welcome back to Euronews' live blog. We will be keeping you up-to-date with the top developments from the World Economic Forum in Davos, Switzerland.
The First Lady of Ukraine, Olena Zelenska gave a special address in Davos on Tuesday morning as Russia's invasion of Ukraine nears the 11-month mark.
European affairs correspondent for Euronews, Meabh McMahon, tweeted this picture below during Zelenska's speech.
More Live Blog coverage to come on Tuesday
That's the end of Live Blog coverage from Davos for Monday, but we will be back here with more live news from the World Economic Forum on Tuesday.
Executive Director of Oxfam in Davos
The anti-poverty pressure group Oxfam International made the early headlines today with a report suggesting that the richest one per cent of humanity is accumulating wealth at double the speed of the rest of humanity. Its executive director Gabriela Bucher has tweeted that she's in Switzerland to speak up for the 99%.
Five Key Talking Points
My colleague David Walsh has posted this article outlining the main themes up for discussion this year.
Davos 2023: The 5 key issues dominating the WEF agenda this year
The theme of the 2023 World Economic Forum meeting is "Cooperation in a fragmented world" - and the problems needing global solutions are mounting up.Elon Musk says WEF gives him "the willies"
Elon Musk says he declined an invitation to #wef2023. In a tweet published today, the now-only-second-richest man in the world wrote:
I guess there’s value to having a mixed government & commercial forum of some kind. WEF does kinda give me the willies though, but I’m sure everything is fine
Financier George Soros is another notable absentee.
Live Blog
Hello and welcome to Euronews' live blog from the World Economic Forum in Davos. My name is Richard Good and I'll be keeping you up to date with all the latest news from the opening day in Switzerland.