EU Commissioner for Economy Valdis Dombrovskis, in his interview with Bloomberg, stated that the European Union needs to make greater efforts to keep up with the United States and China. "We are working to make competitiveness of European economy a priority,

Teresa Ribera, the European Commission's executive vice president for clean, just and competitive transition, discusses European competitiveness at the World Economic Forum in Davos.

Business leaders in Davos joined calls by U.S. President Donald Trump for the European Union to speed up efforts to reduce regulation and increase competition to prevent the bloc from falling further behind other developed markets.

European Commission President Ursula von der Leyen emphasized the need to break down barriers in the EU's energy sector at the World Economic Forum. Her statement highlighted the importance of investing in next-gen clean energy technologies and diversifying energy supplies.

President Trump doubled down on the prospect of across-the-board tariffs in a video appearance to business executives and politicians gathered in Davos, Switzerland.

Trump's second presidency dominated proceedings at the World Economic Forum amid ominous warnings over the looming threat of trade tariffs and his decision to pull the United States out of the Paris climate agreement.

Officials and business executives at the annual gathering in Switzerland said the fight against global climate change would continue with or without the United States.

Europe has entered a new era of harsh geostrategic competition and will have to work together to avoid a global race to the bottom, European Commission President

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.

A number of leaders are skipping this week’s World Economic Forum in Davos, including Indian Prime Minister Narendra Modi and Chinese President Xi Jinping.

The World Economic Forum's annual gathering of elites in Davos has ended with many business leaders, world-class academics, top government officials and other elites casting an upbeat tone about economic prospects,