The European Union wants to engage and negotiate with U.S. President Donald Trump, European Commission President Ursula von der Leyen said on Tuesday, warning of the risk of a "global race to the bottom" using tools such as tariffs.

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.

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

The German Chancellor Olaf Scholz stressed on Tuesday that the United States is the closest ally of Germany outs

Anchor] U.S. President Trump's rule was also a key topic at the Davos Forum, where political and business figures from around the world gather together.In

Europe’s financial industry is in danger of falling behind if the bloc and national governments don’t come up with ways to make their regulatory environment more competitive, BlackRock Vice Chairman Philipp Hildebrand said.

Europe has entered a new era of harsh geostrategic competition and will have to work together to avoid a global race to the bottom, European Commission President

Netflix reaffirmed its dominance of the streaming video market on Tuesday, as its mixture of live sporting events, popular returning series - and singular moments, such as a football halftime performance by Beyonce - helped attract a record number of subscribers over the holiday quarter.

As the World Economic Forum’s annual gabfest gets into full swing Tuesday, President Donald Trump gave everybody something to talk about with his actions on his first day back in office. Energy industry executives will mull Trump's vow to “drill,

EU chief Ursula von der Leyen declared Tuesday that Europe was ready to negotiate with US President Donald Trump but the bloc will also seek to improve ties with China and other nations as global competition heats up.

EU, German and Chinese leaders took turns defending global cooperation in Davos on Tuesday as the spectre of new trade wars looms following Donald Trump's return to the White House.