Davos 2026: Why quantum computing is set to outpace the global AI revolution
In the snowy peaks of Davos, where the world’s most powerful leaders gather for the 56th World Economic Forum, a new narrative is emerging that chal...
The International Labour Organization (ILO), headquartered in Geneva, has announced the loss of around 225 jobs due to significant funding cuts, mainly caused by the reduction of voluntary contributions from the United States under President Donald Trump.
These job cuts affect staff both at the Geneva office and in field operations.
ILO Director-General Gilbert Houngbo expressed deep concern over the impact on staff morale and acknowledged that the organization is under serious financial strain. To manage costs, he mentioned the possibility of relocating some operations from expensive Geneva to more affordable cities such as Turin, Budapest, Bonn, or even further afield to places like Doha and Pretoria.
Other UN agencies, like the International Organization for Migration, have also started laying off short-term staff. Houngbo warned that even more job losses across UN bodies could follow, as several international donors, not just the U.S., are pulling back funding. Since the U.S. is the largest contributor to both assessed and voluntary funding, its withdrawal poses a double challenge for the ILO.
The U.S. currently accounts for 22% of the ILO's $880 million budget for 2026–2027, which is set to be reviewed at the upcoming International Labour Conference. Houngbo said a revised budget might be necessary, something that hasn't happened in recent memory. In response, the ILO is preparing a business continuity plan, freezing new external hiring, and launching a voluntary redundancy program to deal with the uncertain financial future.
Qarabağ claimed a late 3–2 victory over Eintracht Frankfurt in the UEFA Champions League on Wednesday night, scoring deep into stoppage time to secure a dramatic home win in Baku.
Russian President Vladimir Putin said on Wednesday that Moscow could pay $1 billion from Russian assets frozen abroad to secure permanent membership in President Donald Trump’s proposed ‘Board of Peace’.
President Donald Trump said on Thursday that the United States has an "armada" heading toward Iran but hoped he would not have to use it, as he renewed warnings to Tehran against killing protesters or restarting its nuclear programme.
A commuter train collided with a construction crane in southeastern Spain on Thursday (22 January), injuring several passengers, days after a high-speed rail disaster in Andalusia killed at least 43 people.
“I’m seeking immediate negotiations to once again discuss the acquisition of Greenland by the U.S.,” US President Donald Trump told the World Economic Forum. During his Wednesday (21 January) address, he once more cited national security concerns as the reason for wanting to own the Arctic island.
In the snowy peaks of Davos, where the world’s most powerful leaders gather for the 56th World Economic Forum, a new narrative is emerging that challenges the current dominance of artificial intelligence (AI).
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 23th of January, covering the latest developments you need to know.
The United States officially left the World Health Organization on 22 January, triggering a financial and operational crisis at the United Nations health agency. The move follows a year of warnings from global health experts that a U.S. exit could undermine public health at home and abroad.
Jared Kushner, U.S. President Donald Trump’s senior adviser, unveiled plans for a “New Gaza” on 23 January in Davos. The initiative to rebuild the war‑torn territory with residential, industrial, and tourism zones accompanies the launch of Trump’s Board of Peace to end the Israel-Hamas war.
TikTok’s Chinese owner, ByteDance, has finalised a deal to create a majority American-owned joint venture that will secure U.S. user data, safeguarding the popular short-video app from a potential U.S. ban. The move comes after years of political and legal battles over national security concerns.
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