LONDON — Welcome to CNBC’s live blog for Day 4 of the World Economic Forum in Davos, Switzerland. Here, you’ll find the latest updates and discussions from the event.
Key Discussions:
- Argentina’s Javier Milei comments on the decline of the global left, highlighting big shifts in politics.
- NATO Secretary-General Mark Rutte expresses support for Trump’s tough stance on Russia.
- Germany’s Finance Minister calls for reforms to the country’s debt rules to boost growth.
- Trump’s new Stargate Project raises eyebrows, labeled a significant wake-up call by SAP.
- Schneider Electric reports substantial gains from innovating with AI.
Germany’s Finance Minister, Jörg Kukies, emphasized the need for economic growth in his country. He noted that the economy has several structural issues that require attention.
Kukies also pointed out that Germany needs “targeted reforms” concerning its debt brake, which restricts how much the government can borrow.
NATO’s Secretary-General, Mark Rutte, commented on President Trump’s warning to Russia regarding potential sanctions if it continues its aggression in Ukraine. Rutte expressed his approval, stating, “I’m very happy with Trump’s position on sanctions.” He highlighted the negative impact of sanctions on the Russian economy.
Today’s big highlight is Trump’s keynote speech scheduled for 5 p.m. Davos time. The world is eager to hear his thoughts on tariffs, the Ukraine conflict, U.S. relations with China, and more.
Other prominent speakers today include Argentina’s President Javier Milei at 10:15 a.m. and key figures like Mathias Cormann from the OECD and CEOs from major companies like Vestas and Siemens.
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