The European Central Bank's president responded Friday to US President Donald Trump's accusation of unfair trade treatment by the European Union by calling for negotiations and mutual respect rather than a focus purely on trans-Atlantic trade figures. The comments by Christine Lagarde alluding to a US-EU rift offered a fitting final note at the World Economic Forum's weeklong meeting: Trump's return to the White House on Monday was on everyone's lips, overshadowing traditional Davos talk about issues like climate change, free trade and economic development. Many business leaders, world-class academics, top government officials and other elites on hand sought to cast an upbeat tone about economic prospects, efforts to end wars in places like Ukraine and the Middle East, and technological progress. Some human rights advocates insisted that the poor, war victims and struggling migrants shouldn't be forgotten. Trump talks tariffs Trump, in an video address and question-and-answer sess
False and misleading information supercharged with cutting-edge artificial intelligence that threatens to erode democracy and polarize society is the top immediate risk to the global economy, the World Economic Forum said in a report on Wednesday. In its latest Global Risks Report, the organisation also said an array of environmental risks pose the biggest threats in the longer term. The report was released ahead of the annual elite gathering of CEOs and world leaders in the Swiss ski resort town of Davos and is based on a survey of nearly 1,500 experts, industry leaders and policymakers. The report listed misinformation and disinformation as the most severe risk over the next two years, highlighting how rapid advances in technology also are creating new problems or making existing ones worse. The authors worry that the boom in generative AI chatbots like ChatGPT means that creating sophisticated synthetic content that can be used to manipulate groups of people won't be limited any
Earlier, Trump postponed House Speaker Nancy Pelosi's trip to Brussels, Egypt and Afghanistan, citing the shutdown
Since becoming president, Trump has overseen significant deregulation in several industries, and his signature economic initiative is a major tax cut focused on businesses