The U.S. president tells Davos Forum he wants to meet Vladimir Putin soon and has asked Xi Jinping to help stop Ukraine war

NATO's Secretary-General Mark Rutte hailed newly inaugurated U.S. President Donald Trump's warning on Wednesday that Russia could expect more tariffs and sanctions if it did not end the war in Ukraine.

As President Trump looks to fix the issues that irk him the most, the issue of NATO defense spending — one of his perennial bugbears — is returning to the fore.

As the world braces for Trump 2.0, the gathered leaders, policymakers and industry heads at Davos prepare for the return of “America first”.

NATO allies must pay their "fair share" on defense before considering enlarging the alliance, a US presidential envoy hit out Thursday, in a retort to the NATO chief during an event in Davos, Switzerland.

The NATO secretary general said the alliance needs to urgently step up development and production.

Spain spent $22.27 billion on defence in 2024, NATO figures show, the 10th largest contribution in absolute terms among the 31 NATO allies, but this amounts to an estimated 1.28%

President Trump on Thursday said he wants NATO members to spend much more on defense. “I’m also going to ask all NATO nations to increase defense spending to 5% of [gross domestic product], which is what it should have been years ago,” he said in remarks given virtually to the World Economic Forum in Davos, Switzerland.

The head of Nato has said “crazy” ethical investing rules are thwarting Europe’s efforts to ramp up defence spending.

Leading business and political figures attending the World Economic Forum meeting in Davos, Switzerland, have discussed and debated topics such as technology, tariffs, climate change, Ukraine, Gaza and the global economy this week.

DAVOS : Nato allies must pay their “fair share” on defence before considering enlarging the alliance, a US presidential envoy hit out today, in a retort to the Nato chief during an event in Davos, Switzerland.