Saudi Arabia goes big in Davos as it looks to become a top AI tech hub for the Middle East
Saudi Arabia’s delegation came out in force in Davos as the country looks to establish itself as a tech hub in the region.
Leaders at Davos see a global economy moving toward a new normal
ECB head Christine Lagarde said she does not expect a return to economic “normality” this year, despite seeing the beginning of normalization in 2023.
Germany the ‘tired man’ of Europe, finance minister admits
German Finance Minister Christian Lindner said Friday in Davos that his country’s economy is not the “sick man” of Europe, but a “tired man after a short night.”
Saudi Arabia’s soccer dream suffers a setback with high-profile departure
Jordan Henderson’s U-turn on playing in the Saudi Pro League comes six months after his controversial decision to sign with the club.
Alex Soros says a Trump win is a done deal for the Davos elite — but they’re always wrong
“In Davos, Donald Trump is already the president,” Open Society Foundations Chairman Alex Soros told a panel at the World Economic Forum.
Tata Steel to close UK blast furnaces with loss of up to 2,800 jobs
The closures will result in up to 2,800 workers potentially losing their jobs.
S&P 500 rallies 1% to all-time high, surpassing previous record set in 2022: Live updates
The major averages rose Friday, as the S&P 500 traded around the 4,800 level to break its previous record intraday high.
Grim retail sales suggest possible recession for Britain
Sales volumes fell by 3.2% in December, after a poll by Reuters suggested a fall of just 0.5%.
Grayscale CEO says most of the 11 approved bitcoin ETFs won’t survive, defends highest fees in industry
He defended the Grayscale Bitcoin Trust ETF’s 1.5% fee. Most of the approved ETFs have fees of between 0.2% and 0.4%.
European stocks close slightly lower as Davos draws to close; UK retail sales drop
European stock markets closed slightly lower Friday, erasing gains through the morning and previous session.
