World Economic Forum highlights: Davos closes as Trump’s diplomacy shifts to fresh Ukraine talks

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U.S. President Donald Trump used the World Economic Forum in Davos, Switzerland, on Thursday to unveil a proposed “Board of Peace” for Gaza, bringing leaders from more than a dozen countries onstage, although many top US allies aren’t participating.

Ukrainian President Volodymyr Zelenskyy, meanwhile, scolded European allies for what he described as a slow and fragmented response to Russia’s invasion, likening it to the movie “Groundhog Day” where the main character endlessly relives the same day.

Elon Musk also drew chuckles in his Davos debut, riffing on the difference between Trump’s Board of Peace and the U.S. taking a “piece” of Greenland and Venezuela.

Attention now shifts from the Swiss Alps to the United Arab Emirates, where trilateral meetings involving the U.S., Ukraine and Russia are set to begin Friday.

Trump’s envoy Steve Witkoff and son-in-law Jared Kushner are expected for talks in Moscow later Thursday.

Key moments from Davos so far:

  • Trump rolls out his Board of Peace: Trump on Thursday inaugurated his Board of Peace to lead efforts at maintaining a ceasefire in Israel’s war with Hamas, insisting that “everyone wants to be a part” of the body that could eventually rival the United Nations — despite many U.S. allies opting not to participate.
  • Trump backs down on Greenland and cancels tariff threat: Trump on Wednesday scrapped the tariffs that he threatened to impose on eight European nations to press for U.S. control over Greenland. In a post on his social media site, Trump said he had agreed with the head of NATO on a “framework of a future deal” on Arctic security, potentially defusing tension that had far-reaching geopolitical implications.
  • Rafah border crossing to open next week: In a video message to leaders at the forum Thursday, Ali Shaath, head of the new technocratic government in Gaza, announced the Rafah border crossing will open in both directions next week. An Israeli official said Thursday that the cabinet will take up the issue at the beginning of the week.