Daily brief
The World Economic Forum's annual meeting in Davos is underway, with world leaders, central bankers, and corporate executives discussing the global economy, trade tensions, and artificial intelligence. Speeches featured figures including President Donald Trump, French President Emmanuel Macron, and ECB President Christine Lagarde, covering topics from trade policy to warnings about Europe's position in the AI race.
The CEO of Novartis stated that China and the US are now on par in terms of biotech innovation.
President Donald Trump targeted French wines and champagne with criticism during his appearance at the Davos forum.
A survey indicates Swiss CEOs are optimistic about 2026 following a recent trade deal with the United States.
Chinese representatives at Davos stated the country never pursued a trade surplus and pledged to increase imports.