DAVOS
Christine Lagarde: The outsider who led the European Central Bank her way
Christine Lagarde's early departure as European Central Bank president marks the end of a seven-year tenure shaped by the Covid-19 pandemic, energy shocks and record inflation. Despite initial doubts over her lack of formal economics training, Lagarde helped steer the ECB through major crises. However, her decision to leave before her term ends has sparked criticism over political interference and raised questions about the institution's independence.
Saudi airport closure disrupts life in kingdom's capital
Riyadh's airport has been closed for over a week following multiple attacks by Yemen's Houthis. This situation has forced the cancellation of major events, including the Future Investment Initiative. Domestic airlines are struggling to reroute flights for residents amid growing safety concerns. Western embassies are tightening travel advisories due to the ongoing threat. Saudi officials continue to reassure citizens and investors about their safety during these turbulent times.
WEF could appoint Lagarde as early as November, sources say
Christine Lagarde is likely to be appointed as the chair of the World Economic Forum next month. This change would require her to step down from her position as European Central Bank chief. Following Lagarde's exit, there will be a reshuffle within the ECB due to upcoming political changes in France. The WEF board is scheduled to meet on November 2 to discuss her potential role.
What did Kimberly Guilfoyle do that led Trump to ask her to resign as US Ambassador to Greece?
Kimberly Guilfoyle resigned as US ambassador to Greece after the Trump administration asked her to leave following allegations involving a $100,000 payment request, diplomatic conduct and private travel. Guilfoyle and her lawyers denied wrongdoing as lawmakers called for an investigation into the reported allegations.
‘I see Nikos every… He loves me. Honey, I spent Christmas with him’: Kimberly Guilfoyle ties with Greek tycoon, $100,000 donor claim, luxury trips may force Trump to fire her as Greece Ambassador
Amid swirling allegations of misconduct, Kimberly Guilfoyle's role as the US ambassador to Greece hangs in the balance. Sources suggest that President Donald Trump and Secretary of State Marco Rubio are weighing her dismissal as new revelations emerge. Guilfoyle reportedly sought financial help from a Trump benefactor while audio recordings indicate her ties with Greek businessmen regarding energy projects, prompting a careful review by senior officials.
Deadly attacks on Saudi Arabia risk wider war that draws in US
Yemen’s Houthis have increased their attacks on Saudi Arabia, targeting Riyadh’s main airport this weekend. These strikes resulted in significant casualties and increased pressure on Crown Prince Mohammed bin Salman. The escalation of hostilities raises concerns regarding potential US intervention and the collapse of a previous truce. Saudi Arabia's relationship with its allies may also be tested amid this ongoing conflict.
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Trump, Rubio weigh firing US envoy to Greece after mounting reports of improper conduct
US President Donald Trump and Secretary of State Marco Rubio are contemplating the dismissal of Ambassador Kimberly Guilfoyle. Reports have surfaced alleging her involvement in questionable and possibly illegal conduct while serving in Greece. Rubio's frustration has increased due to the mounting allegations since last month. Key congressional Democrats have called for an investigation into Guilfoyle's actions and behavior.
Adani Group committed to investment plans of over ₹6 lakh crore in Maharashtra across energy, airports and infra
Adani Group has announced plans to invest over ₹6 lakh crore in Maharashtra across multiple sectors. The investments are aimed at aiding Maharashtra's goal of becoming a $1 trillion economy by 2030. The group has committed to significant infrastructure projects, including the management of Mumbai's airports and renewable power sourcing. Additionally, the Dharavi Redevelopment Project will transform the area with modern housing and economic opportunities.
Adani Group has Rs 2.6 lakh crore projects completed or under execution in Maharashtra: Pranav Adani
Adani Group has projects worth Rs 2.6 lakh crore completed or underway in Maharashtra, with its overall investment blueprint exceeding Rs 6 lakh crore. Investments span energy, aviation, data centres, urban redevelopment and transmission, alongside major Mumbai infrastructure projects.
Mark Carney stood up to Trump. Now Nobel Prize and Time honours are in the conversation
Mark Carney has gained prominence in 2026 through his confrontational approach towards Donald Trump over trade issues. His rising international profile has resulted in speculation regarding the potential for him to receive the Nobel Peace Prize. As the prize announcement date approaches, prediction markets indicate fluctuating chances for Carney's likelihood of winning. In addition to the Nobel discussions, he is also a contender for Time's Person of the Year.
On the table or on the menu? A new power play begins at the UN
Partners for Multilateralism, or P4M, unites diverse nations to reform global institutions. This new grouping reflects a changing global mood and a desire for greater maneuverability. Countries seek more influence in a multipolar and contested international system. P4M offers an open framework for issue-based coalitions across different political traditions. It signifies a new mood where middle powers think beyond established alliances.
Ryan Reynolds bought a stake in Aviation Gin in 2018 and oversaw its creative direction; 2 years later, Diageo acquired the brand in a deal worth up to $610 million
Ryan Reynolds acquired an ownership stake in Aviation Gin in 2018. He actively oversaw the brand's creative direction for over two years. Diageo then agreed to acquire Aviation American Gin in August 2020. The transaction involved an upfront payment and performance-based considerations.
Jamie Dimon’s Life Advice: ““I made a lot of mistakes. I don’t want to echo the secret sauce. Admit your flaws quick...” — JPMorgan Chase CEO's masterclass in grit, humility, learning from failure and knowing when to change course
Today's life advice by Jamie Dimon, “I made a lot of mistakes... admit your flaws quick”, sets the tone for a candid view of success, failure and self-correction. His advice speaks to everyday choices, difficult work, uncertainty and the moments when admitting we are wrong can prevent a bigger problem. The lessons here focus on humility, resilience, clear thinking, learning from mistakes and knowing when to change course.
Ryan Reynolds bought into Mint Mobile and turned himself into its unlikely spokesman; 4 years later, T-Mobile agreed to pay up to $1.35 billion for its parent company
Ryan Reynolds bought into Mint Mobile and turned himself into its unlikely spokesman; 4 years later, T-Mobile agreed to pay up to $1.35 billion for its parent company. Reynolds owned about 25% of the carrier and earned an estimated $300 million to $337.5 million from the sale. His role extended beyond ownership as his agency Maximum Effort created and starred in Mint’s ads, helping build the brand before T-Mobile completed the acquisition in 2024.
Trump says US reached 'infinite' security deal with Denmark over Greenland
Trump said the US has reached a deal with Denmark and Greenland giving Washington “permanent control” over Greenland’s security and barring Russia and China from establishing bases or making sensitive investments there.
Trump's pressure on NATO is reshaping Europe's defences. Will it break the alliance?
European nations are increasing defence spending and exploring alternatives to American military technology. This shift is happening as doubts grow about the durability of United States support for NATO. While allies have met spending demands, uncertainty about future US troop presence has persisted. Further, Russia's actions have tested NATO unity and European defence capabilities.
Trump threatens to unleash new tariffs on EU over Canada associate membership proposal, calls move ‘hostile act’
US President Donald Trump warned that the European Union could face heavier tariffs if Canada’s proposed associate membership is intended to harm the United States. Calling the prospect “laughable” and Canada a “terrible trade partner”, Trump also suggested Washington could restrict trade with Europe in certain areas.
Carney welcomes a proposal for Canada to become the European Union's first associate member
Canadian Prime Minister Mark Carney welcomed a European Union associate membership proposal. He stated this deeper integration aims to build resilience for both sides. This move seeks to reduce vulnerability to economic and geopolitical pressures. Carney clarified the intention is not to create a rival power bloc. The goal is to enhance sovereignty and independent decision-making capabilities.
EU chief Ursula von der Leyen says she wants Canada to become the bloc's 1st associate member
European Commission President Ursula von der Leyen proposed making Canada the European Union’s first associate member, as Ottawa seeks closer ties with Europe amid deteriorating relations with the United States. The proposed partnership would expand cooperation beyond trade into defence, technology, energy, critical minerals, AI, cybersecurity and economic security.
Canada’s European pivot draws Trump threat as Mark Carney prepares for EU Parliament speech
Canadian Prime Minister Mark Carney addresses the European Parliament amid escalating US trade disputes. Europe proposed associate member status for Canada, which was warmly received by lawmakers. President Trump warned of economic measures if the move is perceived negatively. Canada aims to diversify relationships and strengthen its independence from the United States. This deeper partnership offers Canada strategic autonomy and Europe a closer ally.
WION launches conference series on business, technology and geopolitics
WION is set to unveil an exciting series of conferences aimed at fostering global business and policy dialogues. These summits will gather influential leaders to explore vital topics such as international economic relations, AI advancements, educational initiatives, and innovative financial frameworks. Through these events, WION intends to amplify discussions across its media channels, spotlighting India's potential economic trajectory and global interactions.
TCS’ HyperVault to build 1 GW AI data centre campus in Hyderabad with Rs 70,000 cr investment
HyperVault, a TCS subsidiary, will develop a large AI data centre campus in Hyderabad. This facility will have a 1 Gigawatt capacity and significant investment. The project aims to support frontier AI companies and hyperscalers globally. It will create thousands of jobs and utilize green energy principles. Telangana's Chief Minister called the project historic for the state.
Notes from Davos: The other Davos is arriving faster than the forum
Davos is experiencing unprecedented crowds and a new 'Other Davos' ecosystem. Private pavilions and lounges are drawing significant attention, rivaling official sessions. The World Economic Forum is expanding in scale and ambition. The question remains whether these numerous conversations will lead to meaningful outcomes. The event has moved from arrival to engagement mode.
Davos: Once health tourism hub, now USA House for World Economic Forum in church
Davos, Switzerland, once a refuge for tuberculosis patients, now hosts the World Economic Forum. This annual meeting brings together over 3,000 global leaders. The historic Englische Kirche church is a venue for this event. Davos also boasts a rich history with figures like Arthur Conan Doyle and Ernst Ludwig Kirchner.
Trump will attend Davos forum in 2026, White House official says
United States President Donald Trump will be present at the World Economic Forum's annual meeting in Davos, Switzerland, next year. Business and political leaders gather at this event to discuss critical global issues.
Notes from Davos: The ultimate networking platform
The Winter Davos World Economic Forum (53rd)meeting kicked off yesterday evening at the sprawling Congress Centre. This year is headed for the highest participation and is a signal that everyone is invested in reviving the “Contact Economy”.
Maha CM to curtail Davos stay for attending PM's functions; Raut says he is more worried about BMC
Reacting to Shinde and Fadnavis changing their Davos plans, Shiv Sena (UBT) leader Sanjay Raut said the government was more worried about the civic elections in Mumbai than it was about bringing investments.
How Davos become pivotal to improving the state of the world
By creating an exclusive club within an already exclusive forum, brand Davos has been built by knowing how to keep the chalk apart from the cheese.
WEF 2015's venue Davos: From medical tourism to skiing to economic talk fest
Still, Davos is not devoid of winter-sport fans and tourists can be seen devouring the rich history of this small Swiss town on snow-capped Alps.
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