Alexander Stubb said the war has caused Nato to expand and European countries to increase their defence budgets

US president abruptly dropped threats against allies after talks with Nato chief on the ‘framework’ of a deal that does not involve selling Greenland

Mette Frederiksen makes comments after European leaders give cautious welcome to US president’s tariff U-turn

• Davos live – latest updates

The Danish government has said Mark Rutte cannot negotiate on behalf of Denmark or Greenland over the future of the Arctic island, as the broad outlines of a deal apparently struck by the Nato secretary general and Donald Trump began to emerge.

The US president said after meeting Rutte on Wednesday the “framework of a future deal” had been found to settle the transatlantic dispute over Greenland following weeks of escalating tensions that risked the biggest breakdown in relations in decades.

OpenAI, Anthropic, SpaceX and Stripe are rumoured to be among ten of the biggest companies considering IPOs

You’ve probably heard of “unicorns” – technology startups valued at more than $1bn – but 2026 is shaping up to be the year of the “hectocorn”, with several US and European companies potentially floating on stock markets at valuations over $100bn (£75bn).

OpenAI, Anthropic, SpaceX and Stripe are among the big names said to be considering an initial public offering (IPO) this year.

Thanks to its namesake volcano, Etna is an astonishing fertile region that has spawned a unique food and drink scene. Harriet O’Brien goes on an epicurean tour to taste the spoils

Trump abandoned plans to impose tariffs on European allies after conversations with Mark Rutte at Davos

In 1978, Soviet scientists stumbled upon a family living in a remote part of Russia. They hadn’t interacted with outsiders for decades. Almost half a century later, one of them is still there

In the summer of 1978, a team of geologists exploring southern Siberia found something rarer than diamonds. While searching for a helicopter landing site amid the steep hills and forested canyons of the western Sayan mountains, their pilot caught sight of what appeared to be a garden, 150 miles from the nearest settlement. Hovering as low as he could, he saw a house. No people were visible, but someone was clearly tending the garden. He and his geologist passengers were shocked to find a dwelling in an area long considered too remote for human habitation.

When the four geologists set up camp 10 miles away, it was the mysterious homestead that was first in their mind. Who could live here? Were the inhabitants the last Mohicans of the Brezhnev era? The geologists ventured to the settlement bearing gifts – and a pistol, just in case. They were greeted by a disheveled old man dressed in patched-up sacking cloth. This was Karp Osipovich Lykov, the patriarch of the family. Inside a tiny, dark cabin, the geologists found Karp’s two adult daughters, Natalia and Agafia, weeping and praying. Four miles away, by the riverside, lived Karp’s two middle-aged sons, Savin and Dmitry. It soon became apparent that none of the members of this ageing family had interacted with outsiders in decades.

Trump’s tariff retreat should lull nobody into dropping their guard. The EU must join forces with Canada, Japan and other like-minded countries

EU leaders would do well to meditate on the seminal lesson that the Canadian prime minister, Mark Carney, delivered at this year’s World Economic Forum.

In an incisive analysis of the new age of predatory great powers, where might is increasingly asserted as right, Carney not only accurately defined the coarsening of international relations as “a rupture, not a transition”. He also outlined how liberal democratic “middle powers” such as Canada – but also European countries – must build coalitions to counter coercion and defend as much as possible of the principles of territorial integrity, the rule of law, free trade, climate action and human rights. He spelled out a hedging strategy that Canada is already pursuing, diversifying its trade and supply chains and even opening its market to Chinese electric vehicles to counter Donald Trump’s tariffs on Canadian-made automobiles.

Paul Taylor is a senior visiting fellow at the European Policy Centre

Zelensky speaks shortly after Donald Trump unveiled his ‘Board of Peace’ in Davos - to which he has invited Vladimir Putin

French president drew attention for wearing pair of blue aviators while addressing delegates on Tuesday