Davos Summit 2026 Updates: 'World is facing a rupture, not transition, allies will diversify to hedge against uncertainty', says Canadian PM Carney

Canadian Prime Minister Mark Carney on Tuesday warned that the world is witnessing a fundamental "rupture" in the global order rather than a gradual transition, cautioning against weaponising trade, finance, and supply chains. In his address at the 56th Annual Summit of the World Economic Forum (WEF), Carney opposed tariff coercion in a veiled reference to Washington --including measures linked to Greenland--and urged renewed multilateral engagement to safeguard sovereignty, stability and prosperity. -- ANI

Deposit growth is inching up and is in the double digits, but it remains tough, private sector lender Axis Bank CEO Amitabh Chaudhry told Moneycontrol in an interview at the World Economic Forum happening in Davos. Read more

In a landscape defined by geopolitical uncertainty, global business discussions are no longer complete without India, KPMG India CEO Yezdi Nagporewalla told Moneycontrol in an interview at the World Economic Forum in Davos on January 20. Read more

India’s manufacturing sector could unlock far greater potential if the pace of reforms is accelerated, says Rajiv Memani, chairman, India Region & Emerging Markets Committee at EY and president of Confederation of Indian Industry (CII). Read more

The mood at this year’s World Economic Forum meeting in Davos is unusually sombre and tense, with European business leaders angry over geopolitical developments and investors turning risk-averse amid global uncertainty, Parth Jindal, Managing Director at JSW Paints and JSW Cement, told Moneycontrol.

JSW Group will launch its first passenger vehicle under the JSW brand by Diwali this year, marking a decisive entry into India’s fast-growing electric and new energy vehicle market, Parth Jindal, Managing Director at JSW Paints and JSW Cement and Director at MG Motor India, told Moneycontrol.

US Secretary of the Treasury Scott Bessent spoke about NATO and European defence spending on the sidelines of the 2026 World Economic Forum (WEF) in Davos on Tuesday, as debate continues over the future of transatlantic security ties amid tensions linked to Greenland. Commenting on the state of the transatlantic alliance, Bessent said, "The NATO alliance is very safe, sound -- and thanks to President Trump, it's never been more secure." -- ANI

At Davos this year, the tone around artificial intelligence has shifted. Boardrooms are no longer asking whether to invest in Artificial Intelligence (AI) — they already are. Read more

Trade restrictions and tariffs have been shaping how telecom equipment companies operate globally, but Ericsson’s manufacturing diversity has helped keep the impact manageable, CEO Börje Ekholm said at the World Economic Forum in Davos on November 20. Read more

Minister of Civil Aviation, Ram Mohan Naidu while speaking on the sidelines of the World Economic Forum in Davos highlihted that india aims to build nearly 350 airports by 2047. "We have a plan to build 50 airports in the next 5 years and by Viksit Bharat 2047, when we want to see a developed India, we want to have up to 350 airports," Naidu said on Tuesday. "We are the third largest domestic aviation market in the world. It was not a natural growth, but rather due to policy-making, a strong infusion of capital into the civil aviation sector, and the whole idea of democratising civil aviation in the country and expanding regional connectivity..." he said. -- ANI

Assam Chief Minister Himanta Biswa Sarma on Tuesday highlighted India's rapid economic ascent under Prime Minister Narendra Modi at the World Economic Forum, expressing confidence that the country is firmly on track to become the world's third-largest economy. -- ANI

India has emerged as one of Ericsson's most important global markets, both in terms of scale and technology adoption, CEO Börje Ekholm said at the World Economic Forum in Davos on November 20. Read more

Recent job cuts at Ericsson are part of a continuous "global efficiency" effort rather than a short-term response to market weakness, President and CEO Börje Ekholm said at the World Economic Forum in Davos on November 20. Read more

Donald Trump is set to meet with a select group of global business leaders on the sidelines of the World Economic Forum in Davos on Wednesday, highlighting the United States’ policy priorities at the annual gathering of political and corporate elites in Switzerland. Read more

UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri on Tuesday agreed during a meeting with Chief Minister N Chandrababu Naidu to set up a food cluster in Andhra Pradesh.

The meeting took place during the annual meet of the World Economic Forum (WEF) in Davos, Switzerland. The UAE minister also assured to enable 40 companies to set up shop in the southern state. (PTI)

US President Donald Trump spoke with NATO Secretary General Mark Rutte over the phone to discuss Greenland and global security matters. In a Truth Social post, he described the call as “very good” and underlined Greenland’s critical role for both national and global security.

On Greenland specifically, Trump said, “Greenland is imperative for National and World Security. There can be no going back, On that, everyone agrees!” He also confirmed plans to meet various parties at Davos, Switzerland. Read more

UN chief Antonio Guterres, who is currently in Switzerland, has cancelled his planned trip to the Swiss Alps town of Davos due to a bad cold, his spokesperson said.

"The Secretary-General is currently near Geneva, Switzerland, where he is meeting with his Special and Personal Representatives and Envoys. Following these meetings, he will return to New York and has cancelled his planned trip to Davos due to a bad cold,” Farhan Haq, Deputy Spokesperson for the Secretary-General, said at the daily press briefing Monday.

Clients have learnt to operate amid geopolitical uncertainties and continue to invest towards business growth, HCLTech CEO and MD C Vijayakumar said at the World Economic Forum in Davos on January 19 as macroeconomic headwinds persist for the customers of IT services industry.

In an interview with Moneycontrol, Vijayakumar, who has had over 44 client meetings in just three days said it’s still early too gauge customers’ plans for technology spends and budgets for the year. Read more

Lodha Developers said it will invest Rs 1 lakh crore more to build a 2.5 gigawatt data centre park in Maharashtra, a stock exchange filing said on January 20. The investment plan is in addition to a commitment of Rs 30,000 crore made by the real estate firm to the state government four months ago, the filing said. The announcement was made on the sidelines of the World Economic Forum in Davos. Read more

The official theme for Davos 2026 is 'A Spirit of Dialogue', which reflects the WEF's focus on transparent communication and cooperative problem-solving in a time of fragmentation, intensifying geopolitical rivalry, and swift technological advancement.

About seven in ten chief executive officers (CEOs) of companies across the world are grappling with uncertainty and do not know how to tread further, Mohamed Kande, Global Chairman, PwC told Moneycontrol in an interview at the World Economic Forum in Davos on January 19, as investments in AI are yet to yield positive results and firms deal with Trump’s tariff tantrums.

“There is a lot of uncertainty today about what might happen next. This is creating a sentiment for many CEOs today who say I don't know what to do next,” Kande told Moneycontrol. Read more

“Companies are looking at their product today and think how they can go back into the innovation cycle to redesign their products to be tariff efficient,” Mohamed Kande, Global Chairman, PwC to Moneycontrol.

“The adoption of AI and technology is not delivering the benefits that companies would expect, and they still have to continue to invest the capital,” he said.

On global CEO confidence in revenue outlook hitting five-year low, Kande added, “There is a lot of uncertainty today about what might happen next. This is creating a sentiment for many CEOs today who say I don't know what to do next.”

US President Donald Trump is preparing to formally establish a newly proposed “Board of Peace” for Gaza, with a signing ceremony expected as early as Thursday during his appearance at the World Economic Forum in Davos, Switzerland. An invitation that has been shared online suggests the event is imminent, even as some allied governments privately express uncertainty about whether they will participate, according to a report by News18.

Notable speakers on Tuesday include French President Emmanuel Macron, US Treasury Secretary Scott Bessent, and He Lifeng, the vice premier of the Chinese Republic.

Spanish Prime Minister Pedro Sanchez has cancelled his trip to Davos in light of the major train crash on Sunday evening in Spain, his office has said. At least 39 people were killed in the high-speed train collision near Adamuz in the southern province of Cordoba.

On the sidelines of the World Economic Forum in Davos, Switzerland, European Union (EU) Commission President Ursula von der Leyen "addressed the need to unequivocally respect the sovereignty of Greenland and of the Kingdom of Denmark" in a meeting with a bipartisan US congressional delegation.

"This is of utmost importance to our transatlantic relationship," she said on X, stressing that the EU is ready "to continue working closely with the United States, NATO, and other allies, in close cooperation with Denmark, to advance our shared security interests."