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Nearly 400 millionaires and billionaires call for higher taxes on super-rich

21 janvier 2026 à 01:01

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.

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© Composite: Getty images/The Guardian

© Composite: Getty images/The Guardian

© Composite: Getty images/The Guardian

Europe condemns Trump’s ‘new colonialism’ as Greenland crisis grows

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

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”.

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© Photograph: Jeanne Accorsini/Sipa/Shutterstock

© Photograph: Jeanne Accorsini/Sipa/Shutterstock

© Photograph: Jeanne Accorsini/Sipa/Shutterstock

Davos: Reeves urges leaders to keep cool heads over tariff threat in free trade call – business live

20 janvier 2026 à 18:16

Rolling coverage of the World Economic Forum in Davos, where European Commission president says Europe must respond to geopolitical shocks

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.

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© Photograph: Fabrice Coffrini/AFP/Getty Images

© Photograph: Fabrice Coffrini/AFP/Getty Images

© Photograph: Fabrice Coffrini/AFP/Getty Images

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