Goldman Sachs CEO David Solomon said on Wednesday it was important for the U.S. and China, the world's two largest economic superpowers, to improve their bilateral ties. His comments during an interview to CNBC at the World Economic Forum in Davos,

JPMorgan Chase & Co. and Goldman Sachs Group Inc. are pushing back on demands to roll back their diversity initiatives.

Also on Wednesday, Madbouly met with Swedish Prime Minister Ulf Kristersson, who thanked Egypt, under President Al-Sisi's leadership, for its efforts in achieving a ceasefire in the Gaza Strip. Kristersson expressed hope for continued implementation of the ceasefire agreement, humanitarian aid delivery, and regional stability.

The chancellor has meetings planned first for the World Economic Forum’s annual Davos event, taking place this week in Switzerland, with executives including Toronto-based Ontario Teachers’ Pension Plan’s President Jo Taylor, Goldman Sachs Group CEO David Solomon, and J.P. Morgan Chase & Co. CEO Jamie Dimon on the list.

The global elite returned to the Swiss town of Davos this week as the Oxfam charity revealed that the rich are getting richer. The annual meeting of the World Economic Forum (WEF) comes amid climate disaster, war in the Middle East and Ukraine and Donald Trump’s inauguration.

What to expect from Davos 2025 The World Economic Forum is back in Davos. This is what to look out for this week

Welcome to CNBC’s live blog covering all the latest news, views and action on day 3 of the World Economic Forum in Davos, Switzerland.

Goldman Sachs on Monday said the copper market is pricing in odds of about 50% that there will be a 10% U.S. tariff on the metal by the end of the first quarter of this year.

A well-placed venture capitalist helping craft Trump’s tech policy told NYNext that for the first time in years, “I don’t know anyone going to Davos.”

Rightwing politicians in the US have increased their attacks on “woke” company policies ahead of Trump’s return to the White House. US banks have been targeted by 22 Republican attorneys general who accused them of colluding to block finance to oil and gas companies.

World Economic Forum professes to aim to ‘improve state of the world’ but is seen as schmoozefest for establishment elites

Goldman Sachs CEO, David Solomon, stressed the importance of strengthening bilateral ties between the U.S. and China, the world's two largest economic superpowers, during an interview at the World Economic Forum in Davos,