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Davos day three: 2024 will be ‘moment of truth’ for Ukraine; Hunt to ‘bang the drum’ for UK investment – business live | Business

Introduction: 2024 will be a “moment of truth” for Ukraine

Good morning from Davos. In Davos, world leaders, business executives and other members of the global elite continue to attend the World Economic Forum's annual meeting.

This morning begins in Ukraine as British Foreign Secretary David Cameron is attending the annual Ukraine Breakfast Debate here.

Topic: Stand with Ukraine?

The event, which will also be attended by Polish President Andrzej Duda, is organized by the Victor Pinchuk Foundation and the international investment advisory group EastOne.

Ukrainian businessman and philanthropist Viktor Pinchuk opened the event by warning that 2024 will be the “moment of truth” for Ukraine.

Pinchuk told the Davos delegates gathered here that Ukraine's international partners have provided significant support. Ukrainians are very grateful for this and we will never forget this, he says.

But there's a hard truth, he warns.

In war, it doesn't matter whether you have done a lot or not. All that matters is whether you have done enough.

Pinchuk says without further support, Ukraine will have too few weapons to win.

He says time is running out and we are at a critical point.

Pinchuk says 2022 was the year everyone underestimated Ukraine. In 2023, everyone underestimated the invaders. He argues that 2024 will be the critical year.

More to come…

Will appear again today

British Prime Minister Jeremy Hunt is also attending the WEF today. He will speak on a panel discussion on “Technology in a Turbulent World.”

The Treasury said Mr Hunt would champion Britain's scientific and technological excellence and “get serious about investment” in the UK.

hunt say:

“I’m coming to Davos to tell the world that Britain, the land of great innovation, is thriving and open for business.

“We have some of the best businesses in future sectors such as digital technology and life sciences. It is these areas of strength that will drive growth across the UK economy in the coming years. It will be.”

But Mr Hunt's visit was overshadowed by concerns back home that Tata Steel would confirm plans to halt most production at its Port Talbot steelworks during tense meetings with trade unions. may become thinner.

The Middle East conflict will also be discussed here at Davos, and the President of Israel is also scheduled to appear. Isaac Herzog and the president of Iraq Mohamed Shah Al Sudani Both are by address delegate.

agenda

  • 7:30am (CET) / 6:30am (BST): Discussion on the Ukraine breakfast, including Polish President Andrzej Duda and British Foreign Secretary David Cameron.

  • 10am CET / 9am BST: Conversation with Israeli President Isaac Herzog

  • 10:30am CET / 9:30am BST: Conversation with Iraqi Prime Minister Mohamed Shaa Al Sudani

  • 11am CET / 10am GMT: Technology in a Turbulent World, OpenAI CEO Sam Altman, Salesforce Chairman and CEO Marc Benioff, Accenture Chairman and CEO Julie Sweet, Treasurer Jeremy Hunt, CEO Albert Bourla, Pfizer Inc. of

  • 3pm CET / 2pm GMT: Russia: What's next? Valdis Dombrovskis of the European Commission, Radosław Tomasz Sikorski, Minister of Foreign Affairs of Poland, Ruminiša-Teodora Odobescu, Minister of Foreign Affairs of Romania, and Gabrieli, Minister of Foreign Affairs of Romania. Us Landsbergis, Litnanian Foreign Minister Chris Miller, and Fletcher School of Law and Diplomacy Associate Professor Chris Miller, Tufts University

  • 3:00 pm (CET): Meeting with Greek Prime Minister Kyriakos Mitsotakis

Next up, Lord Cameron, who says the Ukraine war is the “struggle of our generation”.

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This is like being a foreign minister in the 1930s, he says. And we know from those days that if you appease aggression, you get more of it.

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Britain is “right behind Ukrainians in this struggle for as long as it takes”, Cameron insists.

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He reminds us that Rishi Sunak has pledged £2.5bn of British support for the next year, and urges colleagues in America and in the European Union to bring forwards their own, larger packages.

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Cameron’s message to American colleagues is that they have spend 10% of their defence budget, and achieved a 50% destruction of Russia’s pre-war military equipment without the loss of a single American life.

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That is an amazing investment, Cameron adds.

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He also repeats a point he made yesterday – if you zoom out, the war has been a strategic disaster for Putin, who has lost half the territory he took in the invasion two years ago.

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Cameron says:

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He’s lost half his military equipment. He’s had 300,000 casualties, [he’s seen] NATO is bigger and stronger with the addition of two very capable countries: Finland and Sweden. He lost 20% of his Black Sea fleet to a country with a relatively limited navy.

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Andrzej Duda, the president of Poland, says that Vladlimir Putin has decided to “set the world on fire”.

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Duda warns the Ukrainian breakfast event that:

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I’m absolutely sure that we can say, 30 years after the Soviet Union collapsed, that now we are witnessing the rebirth of Russian imperialism in its bloodthirsty version.

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Without any doubts, Putin decided to set the world in fire.

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Duda reminds us that we are still witnessing the biggest armed conflict in Europe since the end of the Second World War.

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And he urges Davos delegates to visit an exhibition here, documenting Russian war crimes in Ukraine.

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Good morning from Davos, where world leaders, business chiefs and other members of the global elite continue to attend the World Economic Forum’s annual meeting.

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We start with Ukraine this morning, as UK foreign secretary David Cameron is attending the annual Ukrainian Breakfast discussion here.

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The topic: Stand With Ukraine?

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The event, which is also being attended by Poland’s president Andrzej Duda, is hosted by the Victor Pinchuk Foundation, and international investment advisory group EastOne.

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Victor Pinchuk, the Ukrainian businessman and philanthropist, opens the event, warning that 2024 will be the “moment of truth” for Ukraine.

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Pinchuk tells an audience of Davos delegates here that Ukraine’s international partners have provided a lot of support; Ukrainians are so grateful for this and we will never forget this, he says.

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Bu, he warns, there is a difficult truth:

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In war it does not matter if you did a lot. It matters only if you did enough.

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Pinchuk says that without more support, Ukraine will have too little weapons to win.

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Time is running out, he says, and we are at the critical point.

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Pinchuk says 2022 was the year in which eveyone underestimated Ukraine. in 2023, everyone underestimated the aggressor. 2024 will be the moment of truth, he insists.

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More to follow….

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Also coming up today

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UK chancellor Jeremy Hunt is also attending WEF today; he’ll be speaking on a panel about ‘technology in a turbulent world’.

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The Treasury say Hunt will be championing British excellence in science and technology, and will “bang the drum on investment” into the UK.

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Hunt says:

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“I’ll be in Davos to tell the world that Britain, a nation of great innovation, is on the up and open for business.

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“We boast some of the best and brightest businesses in sectors of the future like digital technology and life sciences. It’s these areas of strength that are going to drive growth across the UK economy in years to come.”

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But, Hunt’s trip could be overshadowed by fears back home that Tata Steel will confirm plans to shut down much of its production at the Port Talbot steelworks during a crunch meeting with trade unions,

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The Middle East conflict will also feature here in Davos, with Israel’s president Isaac Herzog and Iraq’s president Mohammed Shyaa Al Sudani both due to address delegates.

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The agenda

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  • 7.30am CET/6.30am BST: Ukrainian Breakfast discussion, including Poland’s president Andrzej Duda, and UK foreign secretary David Cameron.

  • \n

  • 10am CET / 9am BST: A Conversation with Isaac Herzog, President of Israel

  • \n

  • 10.30am CET / 9.30am BST: A Conversation With Mohammed Shyaa Al Sudani, Prime Minister of Iraq

  • \n

  • 11am CET / 10am GMT: Technology in a Turbulent World, with Sam Altman, CEO of OpenAI, Marc Benioff, chair and CEO of Salesforce, Julie Sweet, chair and CEO of Accenture, Jeremy Hunt, Chancellor of the Exchequer, Albert Bourla, CEO of Pfizer

  • \n

  • 3pm CET / 2pm GMT: Russia: What Next? With European Commission’s Valdis Dombrovskis, Radoslaw Tomasz Sikorski, Poland’s Minister of Foreign Affairs, Luminița-Teodora Odobescu, Romania’s Minister of Foreign Affairs, Gabrielius Landsbergis, Lithunania’s Minister of Foreign Affairs, Chris Miller, Associate Professor, The Fletcher School of Law and Diplomacy, Tufts University

  • \n

  • 3pm CET: A Conversation with Kyriakos Mitsotakis, Prime Minister of Greece

  • \n

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important events

Lord Cameron added that Ukrainians are incredibly brave and incredibly united.

The other day, someone said that President Zelenskiy's approval rating had fallen from 90% to 80%.

Prime Minister David Cameron joked that he dreamed about 40%, or even 80%, of his time as prime minister.

David Cameron: 'This feels like the 1930s'

Next, Lord Cameron says that the war in Ukraine is “the fight of our generation.”

It's like being foreign minister in the 1930s, he says. And we know from those days that if you tone down your aggression, you can get more aggression.

Britain is “right behind the Ukrainians in this struggle, as long as it takes”, cameron claims.

He reminded that Rishi Sunak had pledged £2.5bn of UK aid next year and urged his colleagues in the US and European Union to submit larger packages of their own.

Cameron's The message to our American colleagues is that they spent 10% of the defense budget and achieved the destruction of 50% of Russia's pre-war military equipment without loss of a single American life.

it's a great investment, cameron I would add.

He also reiterates a point he made yesterday – zooming out, the war has been a strategic disaster for Putin, who has lost half the territory he captured in an invasion two years ago.

cameron say:

He lost half his armament. He suffered 300,000 casualties, [he’s seen] NATO is bigger and stronger with the addition of two very capable countries: Finland and Sweden. He lost 20% of his Black Sea fleet to a country with a relatively limited navy.

Later, Polish President Duda called on world leaders not to become fatigued by the Ukraine war.

He warns of a “coalition of evil” willing to take risks to run the world order.

Duda said that if Putin wins in Ukraine, it will send a clear signal to the whole world and urge his supporters to step up their actions against the Western world.

Ukrainians must decide their future for themselves, no one else can do it, he continued.

And the conflict will end only with the complete withdrawal of Moscow. They are invaders who attacked an independent and sovereign state, Duda continued.

And if Russia wins, Mr. Duda worries that President Putin will not end relations with Ukraine.

Other countries, such as Eastern Europe, the Caucasus and Central Asia, could become Russia's next victims, he warns.

Duda: Putin decided to set the world on fire

Polish President Andrzej Duda said President Vladimir Putin was determined to “set the world on fire”.

Duda warned against the Ukrainian breakfast event:

Thirty years after the collapse of the Soviet Union, I think I can absolutely say that we are witnessing the return of a bloodthirsty version of Russian imperialism.

Without a doubt, Putin decided to set the world on fire.

Duda reminds us that we are still witnessing the largest armed conflict in Europe since World War II.

And he encourages Davos attendees to visit an exhibition here documenting Russian war crimes in Ukraine.

Introduction: 2024 will be a “moment of truth” for Ukraine

Good morning from Davos. In Davos, world leaders, business executives and other members of the global elite continue to attend the World Economic Forum's annual meeting.

This morning begins in Ukraine as British Foreign Secretary David Cameron is attending the annual Ukraine Breakfast Debate here.

Topic: Stand with Ukraine?

The event, which will also be attended by Polish President Andrzej Duda, is organized by the Victor Pinchuk Foundation and the international investment advisory group EastOne.

Ukrainian businessman and philanthropist Viktor Pinchuk opened the event by warning that 2024 will be the “moment of truth” for Ukraine.

Pinchuk told the Davos delegates gathered here that Ukraine's international partners have provided significant support. Ukrainians are very grateful for this and we will never forget this, he says.

But there's a hard truth, he warns.

In war, it doesn't matter whether you have done a lot or not. All that matters is whether you have done enough.

Pinchuk says without further support, Ukraine will have too few weapons to win.

He says time is running out and we are at a critical point.

Pinchuk says 2022 was the year everyone underestimated Ukraine. In 2023, everyone underestimated the invaders. He argues that 2024 will be the critical year.

More to come…

Will appear again today

British Prime Minister Jeremy Hunt is also attending the WEF today. He will speak on a panel discussion on “Technology in a Turbulent World.”

The Treasury said Mr Hunt would champion Britain's scientific and technological excellence and “get serious about investment” in the UK.

hunt say:

“I’m coming to Davos to tell the world that Britain, the land of great innovation, is thriving and open for business.

“We have some of the best businesses in future sectors such as digital technology and life sciences. It is these areas of strength that will drive growth across the UK economy in the coming years. It will happen.”

But Mr Hunt's visit was overshadowed by concerns back home that Tata Steel would confirm plans to halt most production at its Port Talbot steelworks during tense meetings with trade unions. may become thinner.

The Middle East conflict will also be discussed here at Davos, and the President of Israel is also scheduled to appear. Isaac Herzog and the president of Iraq Mohamed Shah Al Sudani Both are by address delegate.

agenda

  • 7:30am (CET) / 6:30am (BST): Discussion on the Ukraine breakfast, including Polish President Andrzej Duda and British Foreign Secretary David Cameron.

  • 10am CET / 9am BST: Conversation with Israeli President Isaac Herzog

  • 10:30am CET / 9:30am BST: Conversation with Iraqi Prime Minister Mohamed Shaa Al Sudani

  • 11am CET / 10am GMT: Technology in a Turbulent World, OpenAI CEO Sam Altman, Salesforce Chairman and CEO Marc Benioff, Accenture Chairman and CEO Julie Sweet, Treasurer Jeremy Hunt, CEO Albert Bourla, Pfizer Inc. of

  • 3pm CET / 2pm GMT: Russia: What's next? Valdis Dombrovskis of the European Commission, Radosław Tomasz Sikorski, Minister of Foreign Affairs of Poland, Ruminiša-Teodora Odobescu, Minister of Foreign Affairs of Romania, and Gabrieli, Minister of Foreign Affairs of Romania. Us Landsbergis, Litnanian Foreign Minister Chris Miller, and Fletcher School of Law and Diplomacy Associate Professor Chris Miller, Tufts University

  • 3:00 pm (CET): Meeting with Greek Prime Minister Kyriakos Mitsotakis

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