Billionaires, world leaders and investors are gathered in Davos, Switzerland, for the World Economic Forum's annual meeting to hobnob and discuss topics ranging from the global economy and sexual harassment, to the risks and opportunities of artificial intelligence. Not to mention hear a speech by President Donald Trump.
Here are the latest developments, updated throughout the day.( Time-stamps are local time in Davos .)
Macron Backs France( 6:00 p.m .)
French President Emmanuel Macron declared “France is back” as he used the main stage at Davos to argue the global upper-clas needs to invest, share and protect in a bid to narrow inequalities that have resulted from excess global capitalism
Trump's Infrastructure Plan Built for Speed( 5:22 p.m .)
President Trump's proposal would not only make available$ 1 trillion for infrastructure projects but it will also speed permitting procedures, Transportation Secretary Elaine Chao said on Bloomberg Television.
Trump Likely to Showcase His' Duality'( 4:49 p.m .)
Donald Trump's speech this week will likely underscore the “duality” of the U.S. president's personality, former White House aide Anthony Scaramucci tells Bloomberg Television. Trump wants the U.S. to be part of the global system,” but he doesn't see that as working against being an' America First' leader .”
Israel Lobbied Germany for Iran Deal Fixes( 4:45 p.m .)
Israeli Prime Minister Benjamin Netanyahu told German Chancellor Angela Merkel at Davos that the only option for saving the Iran nuclear deal” is to insert real , not cosmetic, fixings that will prevent Iran's nuclearization ,” Netanyahu's office said in statement.
U.S. Delegation Dodging Russians( 4:18 p.m .)
Davos” is a small village, but they don't want to talk ,” Russian Deputy Prime Minister Arkady Dvorkovich said, adding he was ready for contacts with members of U.S. delegation.” It is not Russia who is hiding from dialog .”
Google Happy to Pay More to the Tax Man( 4:14 p.m .)
Google is willing to pay more taxation globally, said Sundar Pichai, the head of Alphabet Inc.'s largest business division.” We are happy to pay more taxation, whatever the world agrees to, but the question is where Google should pay it, Pichai said.