US president holds signing ceremony at World Economic Forum amid concerns new body seeks to replace UN

Donald Trump has claimed the world is “richer, safer and much more peaceful than it was just one year ago” as he hosted a launch event for his “board of peace” initiative at the World Economic Forum in Davos.

At a signing ceremony for the new organisation, the US president said it would be “one of the most consequential bodies ever created in the history of the world”.