Division in Davos: EU warns tariffs could hit US ‘very quickly’ January 21, 2026 The EU has warned that its retaliatory tariffs could be implemented “very quickly” after President Trump doubled down on his desire to annex Greenland. The EU’s economic commissioner Valdis Dombrovskis, said the EU was prepared to respond to US tariff threats, dialling up the risk of an extraordinary clash between the world’s largest economy and [...]
FTSE 100 Live: Trump to rock davos; Stocks dip after inflation January 21, 2026 Good morning and welcome back to the City PM liveblog. Inflation spiked above expectations this morning, coming in at 3.4 per cent, according to fresh figures from the Office for National Statistics (ONS). This soared above a poll of economists by Bloomberg expecting 3.3 per cent. “Inflation ticked up a little in December, driven partly [...]
With not much else to offer, Reeves pitches ‘stable’ UK to Davos elite January 21, 2026 The Canadian PM and former governor of the Bank of England, Mark Carney, told an audience at Davos yesterday that “the old order is not coming back,” and that “there’s been a rupture in the world.” He said the structures we took for granted have been replaced by “a system of intensifying great power rivalry [...]
Dispatch from Davos: This is Trump’s town January 20, 2026 President Trump may be yet to touch down, but his presence can be felt everywhere in Davos, writes Zaki Cooper.
Oxfam is peddling myths about wealth ahead of Davos January 20, 2026 Every year Oxfam tries to establish a link between the rising wealth of the rich and increasing poverty ahead of the World Economic Forum in Davos. But no such link exists, says Rainer Zitelmann There are more and more billionaires in the world, and their wealth keeps growing. This emerges from a report that Oxfam, [...]
Starmer is right to play it cool with Trump January 20, 2026 There was a time, really not that long ago, when Davos concerned itself mostly with feel-good sessions on sustainability, inclusive growth, the promise of net zero and various other progressive causes. Who can forget Bono chatting away on stage with Rwanda’s president on the importance of transparency and good governance? Or 2020’s inspiring theme of [...]
Reeves to overhaul visa system for talented migrants in Davos pitch January 20, 2026 Chancellor Rachel Reeves is set to talk up new visa schemes aimed at highly-skilled migrants working in tech in a pitch to business leaders and top researchers gathered at Davos. Reeves is set to talk up the Labour government’s new immigration policies as she hopes to get the attention of some of the world’s richest [...]
UK economy ‘languishing’ behind peers as living standards stagnate January 19, 2026 The Labour government risks leaving the UK economy falling further behind major trading partners, left-leaning economists have warned, as they urged Rachel Reeves to ramp up growth plans ahead of crucial meetings in Davos this week. A new report by the Resolution Foundation, the think tank where several current Treasury ministers brainstormed policies before becoming [...]
This is the City’s message for Davos January 19, 2026 The UK is committed to advancing shared priorities at the World Economic Forum, showcasing Canada’s role as a leading global financial centre through key policy initiatives, leadership in green finance and AI, and significant economic contributions to the country, says Chris Hayward As 2026 gets underway, geopolitical tensions and economic uncertainty continue [...]
Exclusive: Rachel Reeves to lead start-up delegation at Davos January 16, 2026 Rachel Reeves will lead a delegation of entrepreneurs in charge of some of Britain’s fastest growing start-ups to the World Economic Forum in Davos next week, City PM can reveal. The troupe of UK-based founders will join the Chancellor and business secretary Peter Kyle in the Swiss Alps as part of a concerted push by [...]
