Rolling coverage of the final day of the World Economic Forum in Davos

The weakening world order has been a key issue at WEF’s annual meeting this week, but could space be an area where the big powers, and the rest, can still co-operate?

Max Haot, CEO of Vast Space, is here in Davos, and is optimistic that heightened geopolitical tensions will not undermine the space industry.

Even during the Cold War, we did things with Russia at the time. We connected the Soyuz capsule of Russia with the Apollo capsule, and later on, we worked with Mir and the space shuttle.

We also hope, obviously, the collaboration starts on every level. Everything tells us historically, that there is a really good chance that the symbolism of human spaceflight, the desire to work together, the higher goal, can survive some more short-term tensions in other areas.

Rolling coverage of the World Economic Forum in Davos

• Trump declaration of Greenland framework deal met with scepticism as doubts persist

Danish prime minister Mette Frederiksen has issued a statement reacting to the vague agreement apparently reached after talks between Donald Trump and Mark Rutte last night.

Frederiksen says it is “good and natural” that Arctic security was discussed between the US president and the Nato secretary general here in Davos last night.

“I have been informed that this has not been the case.”

Jamie Dimon warns of civil unrest but Nvidia’s Jensen Huang argues tech will create rather than destroy jobs

Jamie Dimon, the boss of JP Morgan, has said artificial intelligence “may go too fast for society” and cause “civil unrest” unless governments and business support displaced workers.

While advances in AI will have huge benefits, from increasing productivity to curing diseases, the technology may need to be phased in to “save society”, he said.

Trump expected to face tough reception from European leaders in Davos over threat to seize Greenland

• Business live – latest updates

• Europe live – latest updates

• Carney emerging as unflinching realist ready to tackle Trump

Donald Trump has landed in Switzerland for the Davos global gathering as Nato’s secretary general said “thoughtful diplomacy” was the only way to deal with growing transatlantic tensions, remarks that came shortly after the US treasury secretary had dismissed Denmark as an irrelevance.

The US president’s threats to seize Greenland, a largely self-governing part of Denmark, risk tearing the transatlantic alliance apart, while his promise to impose tariffs on European nations who oppose him could trigger a trade war with the EU.

Rolling coverage of the World Economic Forum in Davos, where the US president delivered a speech to world leaders

• Trump steps up demand to annex Greenland but rules out using force

• Guardian newsroom: Year One of Trumpism: Is Britain Emulating the US?

Q: Is the US worried that institutional investors in Europe might pull out of the US Treasury market, such as pension funds in Denmark?

Bessent brushes this aside, saying

The size of Denmark’s investment in US Treasury bonds, like Denmark itself, is irrelevant.

It is less than $100 million.

They’ve been selling Treasuries for years. I’m not concerned at all.

Mark Ruffalo, Brian Eno and Abigail Disney sign letter timed for WEF in Davos saying wealthy are buying political influence

Nearly 400 millionaires and billionaires from 24 countries are calling on global leaders to increase taxes on the super-rich, amid growing concern that the wealthiest in society are buying political influence.

An open letter, released to coincide with the World Economic Forum in Davos, calls on global leaders attending this week’s conference to close the widening gap between the super-rich and everyone else.

Wall Street joins sell-off in first trading day since US president threatened tariffs against eight countries

Stock markets fell on both sides of the Atlantic on Tuesday as investor concerns persisted over the fallout from Donald Trump’s push for US control of Greenland.

The sell-off hit US stocks on Tuesday, the first day of trading on Wall Street since Trump threatened new tariffs on eight European countries, after the market was closed for a public holiday on Monday. The S&P 500 was down 1.5% while the Dow Jones was down 1.3%.

US president says there is ‘no going back’ on goal of controlling Arctic territory as Emmanuel Macron leads European resistance

• Europe live – latest updates

European leaders have lined up to condemn Donald Trump’s “new colonialism” and warn that the continent was facing a crossroads as the US president said there was no going back on his goal of controlling Greenland.

After weeks of aggressive threats by Trump to seize the vast Arctic island, which is a largely autonomous part of Denmark, Emmanuel Macron, the French president, said on Tuesday he preferred “respect to bullies” and the “rule of law to brutality”.

Rolling coverage of the World Economic Forum in Davos, where Bessent claims reports Europe could sell Treasury bonds is ‘completely false narrative’

Scott Bessent then denies that European Union countries, and the UK, could exercise the “nuclear option” over the Greenland crisis, and dump their holdings of US Treasuries.

Asked how the Treasury Department, and the White House, would prepare for this, Bessent insists it is a “completely false narrative”, and claims the media are “hysterical” over the issue.

I would say this is the same kind of hysteria that we heard on April 2nd. There was a panic.

What I am urging everyone here to do is sit back, take a deep breath, and let things play out.

What president Trump is threatening on Greenland is very different than the other trade deals. So I would urge all countries to stick with their trade deals.