83 m. ago Davos live: Trump lands in Zurich ahead of speech to world leaders; Merz meeting cancelled due to Air Force One delay

Rolling coverage of the World Economic Forum in Davos, where head of Nato insists Ukraine must be number one issueUS treasury secretary brands Denmark ‘irrelevant’ as Greenland row deepensNervous rex: the Davos elite brace for Trump and his dinosaur diplomacyQ: Is the US worried that institutional investors in Europe might pull out of the US Treasury market, such as pension funds in Denmark?Bessent brushes this aside, sayingThe size of Denmark’s investment in US Treasury bonds, like Denmark itself, is irrelevant.It is less than $100 million.They’ve been selling Treasuries for years. I’m not concerned at all. Continue reading...

Politics

3 h. ago EU chief warns Europe living in 'new world of raw power' as Trump heads to Davos for Greenland showdown: Live updates

LIVE UPDATES: Follow the latest as Donald Trump heads to the World Economic Forum in Davos. The US President will speak at the event after doubling down on his threat to seize Greenland.

Events

3 h. ago EU chief says Europe needs to abandon caution after US treasury secretary calls Denmark ‘irrelevant’ – Europe live

Scott Bessent replied to a question on Danish investments by saying that ‘Denmark’s investment in US treasury bonds, like Denmark itself, is irrelevant’Curiously, Rutte also pointedly says that “the main issue [for Nato] is not Greenland, it’s Ukraine.”“The risk here is that you focus, of course, on Greenland, because we have to make sure that that issue gets solved in an amicable way.But the main issue is not Greenland. Now, the main issue is Ukraine.”“And as we speak, Russian missiles and Russian drones are attacking the energy infrastructure in Ukraine. We know that it is now -20 degrees in Kyiv. We know that Ukraine can only take care of 60% of its own electricity.And yes, it is true the Russians have lost in December 1,000 people dead – not seriously wounded, but dead - a day. That’s over 30,000 in the month of December. In the 1980s, in, Afghanistan, the Soviets lost 20,000 in 10 years. Now they lose 30,000 a month in one month. But they still continue the attack, they still i...

Society

6 h. ago The Latest: US Treasury secretary decries Europe’s ‘anger’ over tariff threat

U.S. President Donald Trump’s third visit as president to the World Economic Forum’s annual meeting is set for Wednesday

Events

6 h. ago Davos: Trump to address WEF amid Greenland standoff after ‘minor electrical issue’ on Air Force One – live updates

Rolling coverage of the World Economic Forum in DavosNervous rex: the Davos elite brace for Trump and his dinosaur diplomacyTaking questions, Bessent suggests it would be “very disappointing” if Switzerland started to emulate the EU policies of “administration, bureaucracy, and economic sclerosis”.US Treasury secretary Scott Bessent is holding a press briefing here in Davos, at the US House (in a church just outside the WEF congress centre).We can only grow together by expanding trade. Continue reading...

Politics

12 h. ago China sees an opportunity in Greenland, but not in the way that Trump thinks

For years, Beijing has struggled to gain a foothold in Greenland, in part because of US and Danish unity. Trump’s fraying of that alliance could create the opening it needsAccording to Kaja Kallas, the European Union’s foreign affairs chief, China and Russia must be having a “field day” about Donald Trump’s plans for Greenland, which Kallas says will divide Nato.But according to Trump, his plans are motivated by a desire to counter the very threat that Kallas identified. “World peace is at stake! China and Russia want Greenland, and there is not a thing that Denmark can do about it,” Trump wrote on Truth Social on Saturday. Continue reading...

Politics

27 h. ago Davos: US treasury secretary Scott Bessent urges Europe not to retaliate over Greenland tariffs – business live

Rolling coverage of the World Economic Forum in Davos, where Bessent claims reports Europe could sell Treasury bonds is ‘completely false narrative’Scott Bessent then denies that European Union countries, and the UK, could exercise the “nuclear option” over the Greenland crisis, and dump their holdings of US Treasuries.Asked how the Treasury Department, and the White House, would prepare for this, Bessent insists it is a “completely false narrative”, and claims the media are “hysterical” over the issue.I would say this is the same kind of hysteria that we heard on April 2nd. There was a panic.What I am urging everyone here to do is sit back, take a deep breath, and let things play out.What president Trump is threatening on Greenland is very different than the other trade deals. So I would urge all countries to stick with their trade deals. Continue reading...

Society

37 h. ago Bessent questions Europe’s ability to agree strong response to Greenland tariffs

US Treasury secretary derides the ‘dreaded European working group’

Politics

37 h. ago Bessent mocks EU tariff response from ‘dreaded European working group’

US Treasury secretary derides the ‘dreaded European working group’

Economics

54 h. ago Bessent questions strength of any EU response to Trump’s tariff threats

US Treasury secretary plays down prospect of bloc launching rapid and powerful countermeasures

Politics

63 h. ago Keir Starmer slams Donald Trump 'wrong' in new 'urgent' call over Greenland tariffs

Downing Street confirmed the Prime Minister held urgent calls with Denmark, EU and NATO leaders before speaking to President Trump as eight NATO countries issued joint statement slamming tariff threats

Politics

66 h. ago Starmer tells Trump it is ‘wrong’ to apply tariffs to allies over Greenland

Sir Keir also spoke to Danish prime minister Mette Frederiksen, European Commission president Ursula von der Leyen and Nato chief Mark Rutte.

Politics

3 d. ago EuroLeague CEO dismisses NBA’s European plan as a ‘bit of a broken record’

EuroLeague chief scoffs at NBA Europe promisesSilver targets 2027 launch despite skepticismClubs, cash and control drive looming showdownEuropean basketball often is a hot mess of passionate fandom, heated rivalries and financial problems.Holding some powerful fiefdoms together is the EuroLeague. It’s not thrilled about the NBA’s plans to create a new competition on the continent. Continue reading...

Politics

5 d. ago France warns US that Greenland seizure would endanger EU trade

French finance minister Roland Lescure raised concerns with American Treasury secretary Scott Bessent

Events

8 d. ago Greenland is Europe’s credibility litmus test – it must show Trump that aggression carries a price | Fabian Zuleeg

In the new dog-eat-dog world order, appeasement doesn’t work. Time for the EU to grow upFabian Zuleeg is chief executive of the European Policy CentreDonald Trump’s intervention in Venezuela is not a one-off shock. It epitomises his approach of interventionist isolationism based on a revisionist, neo-nationalist agenda in which power is exercised bluntly, international rules are optional and alliances are transactional. In such a dog-eat-dog world, hesitation and ambiguity do not stabilise the system; they become vulnerabilities to be exploited by a volatile and predatory Washington.The seizure of Venezuela’s president, Nicolás Maduro, combined with Trump’s renewed musings about acquiring Greenland, potentially by using the US military, should dispel any lingering illusion that this is merely erratic behaviour. It reflects a worldview in which sovereignty is conditional, spheres of influence are legitimate, and coercion is normalised when it delivers results in the interest of Trump...

Politics

1 week ago Former MI6 chief says Trump should be given control of Greenland in the interests of 'European security'

Sir Richard Dearlove, the ex-head of Britain's intelligence agency, said there was a 'strong argument' for the US to have Greenland in a bid to deter Chinese threats.

Politics

1 week ago US treasury secretary says Argentina has repaid its US credit line in a win for Milei

U.S. Treasury Secretary Scott Bessent says that Argentina has repaid the funds it drew from a $20 billion credit line with the Trump administration

Politics

1 week ago How Treasury minister's warning on spiralling MPs' expenses was ignored

The Chief Secretary to the Treasury voiced concerns at spiralling spending on politicians and their staff.

Events

1 week ago Europe should prepare for world without US nuclear deterrence, former Nato chief warns

Trump’s threat to take Greenland, from a Nato ally, raises doubt on US commitment to extended nuclear deterrence across Europe

Events

2 w. ago Zelensky replaces Ukraine’s security chief ahead of Paris peace talks

Ukrainian President Volodymyr Zelenskyy has replaced the head of the country's security service as part of a top-level reshuffle

Events