TOP NEWS

World Economic Forum in Davos
Davos is getting too small – big players want to change location

Senior profiles at the World Economic Forum are considering moving the event from Davos, Switzerland, because they are worried that it has outgrown its original venue. This is stated by several sources for the Financial Times.

The forum now attracts tens of thousands of visitors who have difficulty fitting in and getting to the venue.

According to the information, the issue has been raised, among others, by the chairman and interim CEO Larry Fink, who has also suggested that the forum could start moving between different locations. Other locations that have been discussed are Dublin and Detroit.

Fink, who is also CEO of the capital giant Blackrock, has previously stated that he wants to reshape the World Economic Forum, which has received sharp criticism for being too elitist and aimed at the top echelons of politics and business.

In a blog post on Linkedin, Fink writes that Dublin and Detroit could be candidates “and cities like Jakarta and Buenos Aires”.

Political situation in South Korea
Former Prime Minister gets long prison sentence

South Korea's former Prime Minister Han Duck-Soo has been sentenced to 23 years in prison for his role in the coup attempt led by the then president, Reuters reports.

He denies all charges, except for some perjury. He initially claimed that he had "no idea" that there was a written declaration of martial law, but that he then "discovered a copy of it in his back pocket". Later, when he began to be investigated for perjury, he changed his mind and said that he remembered receiving it.

The verdict is expected to be appealed all the way to South Korea's Supreme Court.

The now-deposed President Yoon Suk-Yeol declared martial law in December 2024, but massive protests arose and the decision was overturned by Congress hours later. Yoon faces the death penalty.

Political situation in the UK
Farage admits 17 mistakes: “I don’t use computers”

British right-wing politician Nigel Farage apologizes and promises to improve. This after a parliamentary investigation determined that the Reform leader failed to declare his financial interests on 17 occasions, totaling 4.7 million kronor.

At a meeting with the special investigator in mid-December, Farage is said to have said that he is “a little shocked” by this “gross” mistake allegedly made by his employees.

– You might ask why I don’t enter such things myself. Well, I don’t use computers, so I depend on other people to do it for me. Unfortunately, I lack computer skills, which makes me an even bigger klutz than I perhaps was before.

The fact that Reform has grown so rapidly in size has been a strain on the staff and is the basis for the mistake, according to Farage.