The race to lead Germany is diverting through Switzerland, with a campaigning push in Davos set to showcase competing visions for how to revive Europe’s biggest economy.

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.

Supporters like Argentina President Milei are expressing their enthusiasm, while Ukraine’s Zelenskyy is looking to the new US president with optimism. In contrast, targets of Trump’s policies, such as German Chancellor Olaf Scholz,

Last year, Mark Rutte attended the Davos gathering as Dutch prime minister while angling for his current job as secretary general of NATO, praising Trump for pushing Europeans to step up defense spending. That view — somewhat controversial then — is now widely accepted.

As President Donald Trump’s return to the White House hogged the world’s attention this week, a photo of a half-empty auditorium in Davos, Switzerland, circulated online, leading critics to declare the annual gathering of global political and business leaders “dead.”

U.S. Secretary of State Marco Rubio spoke with Israeli Prime Minister Benjamin Netanyahu on Wednesday to reiterate Washington's support for its ally, and the two also discussed Iran and Israeli hostages in Gaza, the State Department said.

Billionaire Elon Musk criticized German Chancellor Olaf Scholz during the World Economic Forum in Davos. Musk posted on his social media platform, calling Scholz 'Oaf Schitz' after the chancellor's remarks on free speech and extreme-right views.

Davos—where the world's richest and most powerful huddle together for public talks. Here's what happened at the forum on Tuesday.

US billionaire Elon Musk called the chancellor of Germany "Oaf Schitz" on his social media platform X on Tuesday, responding to a video of the leader's comments on free speech at the World Economic Forum in Davos.

The European Union is working on a proposal for bloc-wide purchase incentives for electric vehicles to support the bloc’s struggling automakers, German Chancellor Olaf Scholz said Tuesday.

President Donald Trump said NATO countries must sharply increase their defense spending, demanding member states push beyond current benchmarks that many of them already struggle to hit.