Pull to refresh
Logo
Daily Brief
Following
Why
World Economic Forum

World Economic Forum

International Organization

Appears in 3 stories

Stories

Davos becomes crisis summit as old order declared dead

Rule Changes

Convened record 3,000 participants including 60+ heads of state under theme 'A Spirit of Dialogue.' - Held 56th annual meeting, first without founder Schwab

The World Economic Forum has convened annually in Davos for 55 years. This year's gathering—the first without founder Klaus Schwab—transformed into an emergency diplomatic summit when Trump's tariff threats over Greenland collided with record attendance from 60+ heads of state. By week's end, a NATO 'framework deal' had defused the immediate crisis, while Canadian PM Mark Carney delivered a declaration that European and middle-power leaders openly applauded: the U.S.-led rules-based order is over.

Updated Jan 23

NATO allies deploy troops to Greenland against U.S. acquisition demands

Force in Play

The annual gathering of global political and business leaders in Davos, Switzerland, transformed into an emergency diplomatic summit on the Greenland crisis in January 2026. - Hosting emergency diplomatic summit on Greenland crisis in Davos, January 2026

The United States has operated military bases in Greenland since 1941, under agreements with Denmark. On January 15, 2026, NATO allies deployed troops to the island to counter U.S. pressure after American-Danish talks collapsed. On January 17, President Trump announced 10% tariffs on eight European countries—Denmark, Finland, France, Germany, the Netherlands, Norway, Sweden, and the United Kingdom—rising to 25% by June unless 'a deal is reached for the Complete and Total purchase of Greenland.' On January 20, Trump declared on Truth Social that 'there can be no going back' on Greenland, calling it 'imperative for National and World Security.' That same day, Denmark deployed its Army Chief, General Peter Boysen, alongside 58 additional troops to Greenland, bringing total Danish military presence to approximately 178 personnel for Operation Arctic Endurance.

Updated Jan 21

Davos 2026: record leaders gather as US-Europe rift deepens

Rule Changes

Swiss-based international organization that convenes political, business, and civil society leaders to address global challenges. - Convening 56th Annual Meeting under new leadership structure

For 55 years, the World Economic Forum at Davos served as neutral ground where adversaries could broker deals and rivals could find common cause. This year, 65 heads of state and nearly 3,000 leaders are arriving to find that ground shifting beneath them—with President Trump announcing 10% tariffs on eight European allies just 48 hours before the summit opened, escalating to 25% by June unless Denmark agrees to sell Greenland. By January 20, the crisis had intensified as France pushed the EU to activate its never-before-used 'Anti-Coercion Instrument'—a trade bazooka that could shut American companies out of Europe's 500-million-consumer market.

Updated Jan 20