Rolling coverage of the final day of the World Economic Forum, and the latest economic and financial news

The World Economic Forum are being warned this morning that grievance levels against businesses, governments and the rich have risen.

Richard Edelman, CEO of Edelman, is explaining that the latest Edelman Trust Barometer (released this week) shows that in recent years economic fears have evolved first into polarisation, and now into grievance.

“We can improve the terms of trade with the EU in a way which doesn’t revisit customs unions or single markets or the arguments of Brexit, and we can do that whilst pursuing closer trade links around the world.”

• Djokovic: ‘there is a chance’ this is Melbourne swansong
• Alexander Zverev criticises fans who booed his opponent

Ten-time Australian Open champion Novak Djokovic was booed off the court by some sections of the Rod Laver Arena audience when he sensationally retired hurt from his semi-final against Alexander Zverev on Friday after losing the first set.

The Serb suffered an injury to his groin area in his quarter-final against Spain’s Carlos Alcaraz on Tuesday and took to the court with both dark tape and a white bandage enveloping his upper thigh.

The first time you came into my hospital, shards of glass shredding your tiny body, I saved you. The second time I failed

As news of the ceasefire ripples my way, my memory mocks me. Your face glides into focus from my mind’s abyss, where I had buried it.

You come into my emergency room at al-Aqsa hospital in Gaza during the early morning hours. Your chubby cheeks blush with the night’s cold, heavy eyelashes dripping tears into the basins under your eyes. I save you this time. I do my job. Shards of glass stemming from an explosion caused by an Israeli airstrike shred your tiny arms and legs. I clean the wounds and stitch you up without even a modicum of pain relief. A niche torture for both of us. “Follow up in five days for suture removal post penetrating injury from secondary blast,” I write on your chart.

Seema Jilani is a paediatric specialist. She has worked in Afghanistan, Israel, Gaza, the West Bank, Sudan, Lebanon, Egypt and the Balkans. Her radio documentary, Israel and Palestine: The Human Cost of the Occupation, was nominated for the Peabody award

• UK broadcaster waiting to see impact across season
• All 36 teams to play simultaneously on matchday eight

The jury remains out on Uefa’s new Champions League format, according to TNT Sports, with the UK rights holder reserving judgment on whether an expanded league system has “landed as people hoped”.

With a vastly expanded fixture list and an eight-match league stage, the Champions League has been criticised for its complexity and lack of jeopardy. Anticipation is building, however, for the final round of 18 matches set to be played simultaneously on Wednesday.

Chelsea are signing the USA defender for a world-record $1.1m but the big gap to the rest of the pyramid is unhealthy

When Chelsea broke the British transfer record to sign the Colombia striker Mayra Ramírez for €450,000 (£380,000) last January, the thought of that fee more than doubling in the space of a year might have sounded like a fanciful rate of inflation to some. But to those involved in the fast-evolving world of women’s football transfer fees, this week’s smashing of the $1m (£810,000) barrier has been on the cards for a while.

With Chelsea understood to have agreed personal terms with the highly acclaimed United States defender Naomi Girma for her world-record-breaking $1.1m transfer from San Diego Wave, the prospect of the first £1m move is surely now a mere inevitability, and the rise in prices certainly will not stop there. Indeed, it could already have been comfortably smashed for a winger or a No 9. Girma is arguably the best defender in the world – Emma Hayes labelled her the best defender she had “ever seen” – but she is, nonetheless, a defender. If a centre-back can attract a seven-figure transfer fee, what would the WSL’s top goalscorer Khadija Shaw be worth, or the Ballon d’Or winner Aitana Bonmatí?

The 18-year-old Indian world champion was losing his first-round game in the Netherlands but his Dutch opponent, Anish Giri, blundered fatally when short of time

Gukesh Dommaraju played and won his first competitive game as world champion last weekend, but only after surviving a close brush with disaster. The 18-year-old Indian, who captured the crown last month from China’s Ding Liren, defeated Anish Giri in the opening round of Tata Steel Wijk aan Zee, the “chess Wimbledon”, after the Netherlands No 1 failed to spot the winning tactic featured in this week’s puzzle.

Gukesh arrived in Amsterdam on an overnight flight at 9am, with the game starting five hours later. He was delayed by attending a ceremony where India’s President, Droupadi Murmu, presented him with the nation’s highest sporting honour, the Khel Ratna award, which includes a $29,000 prize. The award has previously been won by India’s first world chess champion, Vishy Anand, as well as by the cricketers Sachin Tendulkar and Virat Kohli.

Have you been following the big (and small) stories in football, tennis, cricket and beyond?

(Swims Int/Warner)
The soft-alpha streaming sensation behind Lose Control returns with more of the same Motown and Stax pastiches, with the odd diversion into soft rock

While Brat summer grabbed the headlines as 2024’s defining musical movement, a straighter, more masculine, less lurid green development was rumbling in the background. Defined by American men with big voices, big emotions and big streaming numbers, it gave the world Benson Boone’s Beautiful Things (1.7bn streams on Spotify alone), Noah Kahan’s Stick Season (1.3bn) and Teddy Swims’ Lose Control (1.4bn). While the messy Brat defined a summer, the soft-alpha era is seemingly here for the long term.

The most interesting of the trio is Swims, a heavily tattooed former frontman of a post-hardcore band who now sings retro soul as if auditioning for Mark Ronson’s band circa 2007. This sequel to 2023’s Part 1 (home to US chart-topper Lose Control) continues to churn out immaculately crafted Motown and Stax pastiches, with Funeral and the mellower Your Kind of Crazy built on warm piano trills, loping drums and stacked backing vocals. Alongside stomping opener Not Your Man, they highlight Swims’ occasional lyrical shortcomings: in his world, women are unknowable, often wicked tricksters who are just too damn easy to love.

The best of this week’s wildlife photographs from around the world

Katja Meier was told to make the protagonist of her television series 20 years younger … so she decided to find funding and film the pilot herself

When Katja Meier got on to a leading scheme for female writers over the age of 40, she could not have been more delighted.

After finishing her script, production companies loved it – but had just one request: could she make the female protagonist 20 years younger?

Flights cancelled, schools closed and millions told to stay amid record gusts, snow and heavy rain

• Storm Eowyn live – latest updates

Flights have been delayed, roads closed and ferry services cancelled as 100mph (160km/h) winds pose a danger to life in parts of the UK on Friday morning.

Rail services were suspended, with rare red weather warnings issued for Scotland and Northern Ireland, after the Met Office said Storm Éowyn was likely to damage buildings, uproot trees and trigger power cuts.

Nothing brightens up the depths of winter better than a local festival – and Europe is awash with ancient and brilliant carnivals

Having travelled to the area for years, I finally made it to the Limoux carnival last winter. What took me so long?! Every weekend from 25 January until 6 April, you can watch dancers and musicians parade around the medieval square of this beautiful town south of Carcassonne, dressed as ancient pierrots and modern scoundrels (Putin was featured last year), scattering confetti. There can’t be many carnivals that go on for so long in Europe. Bystanders cheer on the spectacle with a bottle or two of Blanquette de Limoux, one of the oldest sparkling wines in the world, and the perfect accompaniment to the mayhem. A great place to stay is nearby Mirepoix, another medieval centre of creativity.
Samantha

With an oeuvre ranging from swooning Merchant Ivory serenity to bravura blasphemy, we rate the acting dynasty doyenne’s finest films as she approaches her 88th birthday

In a brief but memorable role as a socialite dumped by her husband, Redgrave cuts through the schmaltz to provide some of this disaster movie’s most affecting moments. She also happens to be mother of the reporter breaking the story that a comet is about to wipe out life on Earth.

Ten years ago, El Hierro staked everything on sustainability and renewable energy. Today it faces another epochal challenge: migration from Africa, a phenomenon that is turning it into the Lampedusa of the Atlantic

“We can’t go on like this. We are only 30 doctors in all and over 20,000 migrants arrived on the island in 2024. It’s a disaster, and it will get worse and worse.” Ana Torres is a doctor in El Hierro’s only hospital. Today she is particularly disconsolate, because the smallest and most remote of the Canary Islands, a Unesco biosphere reserve since 2000 and famous for having achieved energy self-sufficiency, now has to deal with a new emergency: that of refugees and migrants.

An emergency doctor talks to a patient who arrived in bad condition in the previous days after a long sea voyage, at the island’s only hospital: the Nuestra Señora de los Reyes in Valverde

Lawmakers argue that mass surveillance will help to protect children. But the implications for our privacy and security are staggering

In my 20 years of being a reporter, I have rarely come across anything that feels so important – and yet so widely unnoticed. I’ve been following the attempt to create a Europe-wide apparatus that could lead to mass surveillance. The idea is for every digital platform – from Facebook to Signal, Snapchat and WhatsApp, to cloud and online gaming websites – to scan users’ communications.

This involves the use of technology that will essentially render the idea of encryption meaningless. The stated reason is to detect and report the sharing of child sexual abuse material (CSAM) on digital platforms and in their users’ private chats. But the implications for our privacy and security are staggering.

Apostolis Fotiadis is a freelance journalist and researcher

Women from all over West Bengal and beyond travel to Vrindavan for a life of prayer, many having suffered abuse, stigma and abandonment by families who see them as cursed. Up to 20,000 widows – nearly 20% of the city’s population – have found refuge in ashrams and shelters that have sprung up to support them

• Words and photographs by Rana Pandey

Government orders ban on burning of leftover crops and says train and bus services will be free from Saturday

Air pollution in Thailand’s capital forced the closure of more than 350 schools on Friday, city authorities said, the highest number in five years.

Bangkok officials announced free public transport for a week in a bid to reduce traffic in a city notorious for noxious exhaust fumes.

Deteriorating security environment and incidents in Baltic have forced military reassessment in northern Europe

Submarines normally operate in secret, lurking in the deep. So when the British defence secretary, John Healey, authorised a Royal Navy Astute-class attack sub to surface close to the Russian “spy ship” Yantar south of Cornwall in November, it was unusual enough.

What was even more notable, however, was that the minister went on to tell the House of Commons on Wednesday what he had done. It was, Healey said, conducted “strictly as a deterrent measure”, as was his decision to accuse the Kremlin of spying on the location of undersea communication and utility cables that connect Britain to the world.

Randwick mayor says vandalism does ‘disservice to reconciliation’ but Greens councillor says statue marks ‘devastating impacts of colonisation’

A statue of Captain Cook in Sydney’s eastern suburbs has been damaged and doused in red paint for a second year in a row.

New South Wales police were investigating after the damage to the sandstone statue of the explorer and naval captain was discovered on Friday morning before the Australia Day long weekend.

• Fernandes stoppage-time strike sinks Rangers
• Manager tight-lipped over Garnacho’s future

Ruben Amorim admitted Manchester United’s stoppage-time 2-1 Europa League win over Rangers was “truly needed in this moment”.

It followed Sunday’s dismal 3-1 defeat by Brighton and was only a second victory at Old Trafford since mid-December. It also came after the head coach describing his team as possibly the poorest of the club’s history, though he subsequently said he regretted the comment.

More than 70 firms including Toyota and McDonald’s halt ads on Fuji TV as Masahiro Nakai retires amid assault claims

For the past month Japan has been gripped by allegations of sexual misconduct involving one of the country’s best-known stars at a major TV network, in what is becoming a litmus test of the entertainment industry’s response to abuse claims against prominent celebrities.

Masahiro Nakai, a former member of the hugely popular boyband Smap, is alleged to have sexually assaulted a woman at a private dinner in June 2023 that was reportedly arranged by a senior member of staff at Fuji TV, one of Japan’s biggest broadcasters.

Allegations of rape, beatings and collusion by EU-funded security forces prompt shift in migration arrangements

The European Commission is fundamentally overhauling how it makes payments to Tunisia after a Guardian investigation exposed myriad abuses by EU-funded security forces, including widespread sexual violence against migrants.

Officials are drawing up “concrete” conditions to ensure that future European payments to Tunis can go ahead only if human rights have not been violated.

Early investigations point towards four people and a white ute spotted around Ballarat Botanical Gardens on Thursday morning

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Vandals have cut off the heads of the statues of Kevin Rudd and Paul Keating in Ballarat, and damaged 18 others.

A total of 20 busts on Prime Ministers Avenue in the Ballarat Botanical Gardens in Victoria were attacked between 2am and 5am on Thursday. The avenue features busts of Australia’s first 29 prime ministers.

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• Feds seek nearly five-year sentence for Mizuhara
• Ex-interpreter is due to be sentenced on 6 February

A nearly four-minute audio recording allegedly captured Shohei Ohtani’s former interpreter Ippei Mizuhara impersonating the baseball star on a call with a bank as he attempted to transfer $200,000 for what he describes as a car loan, federal prosecutors said Thursday.

The recording referenced in a court filing and obtained by the Associated Press is being used to back up prosecutors’ push for a nearly five-year sentence for Mizuhara, who previously pleaded guilty to bank and tax fraud for stealing almost $17m from the Los Angeles Dodgers star.