Chinese Vice Premier Ding Xuexiang met with global finance and business leaders including Blackstone CEO Steve Schwarzman, Bridgewater Associates founder Ray Dalio and JPMorgan CEO Jamie Dimon during a private lunch in Davos on Tuesday.

His second term heralds the demise of the pro-trade internationalist ethos that the WEF has long revered. Read more at straitstimes.com.

The global elite in Davos woke up Tuesday breathing a sigh of relief after President Donald Trump concluded his first day in office only talking about trade wars rather than starting any.

Ding Xuexiang also tells Davos that Beijing isn’t pursuing a trade surplus and there are ‘no winners in a trade war’.

DAVOS, Switzerland (Reuters) - China is not seeking a trade surplus and is willing to import more competitive and high-quality products and services to balance trade, Ding Xuexiang, the country's vice premier, said on Tuesday.

Saudi Arabia's foreign minister said on Tuesday he did not see Donald Trump's new administration contributing to the risk of a war between Israel and Iran, addressing an issue the region has feared since the start of Israel's war in Gaza.

Von der Leyen insisted that the United States remains an important partner, taking a conciliatory tone in a speech to the annual meeting of global elites in Davos, Switzerland. The EU's "first priority will be to engage early, discuss common interests, and be ready to negotiate" with Trump, she said.

At the World Economic Forum in Davos, business and government leaders react to Trump's return to office. Yahoo Finance Senior Reporter Jennifer Schonberger reports from Davos to describe JPMorgan's (JPM) optimism for a pro-business environment under President Donald Trump despite concerns over trade.

Ukraine’s President Zelenskyy asked whether the US saw NATO as being necessary as he addressed the World Economic Forum in Davos. Leaders from China, Ukraine and Germany have taken the stage on day one.

Williams Sonoma CEO Laura Alber shares how her teams have prepared for a new wave of tariffs from the Trump administration.

China’s vice-premier used a Davos speech to paint Beijing as a bulwark of stability and solidarity. European leaders vowed to protect the bloc’s interests.

Speaking in Davos, Ukrainian President Volodymyr Zelenskyy questioned whether Trump was committed to NATO and European security.