China's Vice-Premier Ding Xuexiang at the 55th annual World Economic Forum meeting in Davos, Switzerland, January 21, 2025. REUTERS/Yves Herman China does not pursue a trade surplus and is willing to import more competitive and high-quality products and services to balance trade, Ding Xuexiang, the country's vice premier, said on Tuesday.

Move over billionaires. The first trillionaires are on their way.

"Elon and I hugged it out," Dimon told CNBC in a TV interview at the World Economic Forum's annual event in Davos, Switzerland, Wednesday. "The guy is our Einstein," the JPMorgan chief said. "I'd like to be helpful to him and his companies as much as we can.

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A speech by the U.N. chief, economic growth potential in places like China and Russia, the challenges of artificial intelligence and leaders from Spain to Malaysia are set to headline the agenda at the World Economic Forum’s annual event in Davos.

Tuesday saw the World Economic Forum in Davos begin in earnest. Not even a star turn from David Beckham could stop AI dominating conversations.

The charity reported that the wealth of the world's billionaires grew from $13 trillion to $15 trillion in 2024, a rate that is three times faster than in 2023.

The World Economic Forum’s president says U.S. President Donald Trump will take part virtually in the annual meeting in Davos just days after his inauguration.

Ukrainian President Volodymyr Zelenskyy speaks with CNBC's Andrew Ross Sorkin at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. The World Economic Forum officially began on Monday, but it's Tuesday when the event really kicks off.

The gathering, led by India Global Forum (IGF) founder Manoj Ladwa, included entrepreneurs engaging with Musk. The delegates also toured the Starbase facility, where they saw the successful launch and booster catch of SpaceXs Starship Flight 7.

The United States on Friday grounded SpaceX's Starship and ordered Elon Musk's company to investigate why the spaceship spectacularly disintegrated in a fiery cascade over the Caribbean during its latest test mission.