DAVOS, Switzerland: People around the world place much more trust in their companies than their political leaders, according to a major survey that suggests a mood of uncertainty and pessimism on the eve of the World Economic Forum in Davos.
The annual Edelman Trust Barometer shows only one in five people believe the economic, political and social system is working for them, while nearly 60 percent think trade conflicts are hurting their companies and putting their jobs at risk.
The sense of gloom is strongest in developed markets led by Japan, where 84 percent of the general public — excluding the ‘informed public’ who are college-educated, earn above-average incomes and consume news regularly — do not believe they will be better off in five years’ time, followed by France at 79 percent, Germany at 74 percent and Britain at 72 percent. That is far above the average 49 percent of the 27 countries examined in the research.
Amid low confidence that politicians will fix the problems, these people are turning to companies, with 75 percent saying they trust “my employer,” compared to 48 percent for government and 47 percent for the media.
“CEOs now have to be visible, show personal commitment, absolutely step into the void, because we’ve got a leadership void in the world,” Richard Edelman, head of the communications marketing firm that commissioned the research, told Reuters.
Optimism was higher in the United States, where nearly half of the general public believed they would be better off in the next five years. The corresponding figure there was 62 percent for the better-educated, higher-earning “informed public.”
“The stock market was very good, the deregulation and lower taxes for the wealthy — it’s pretty good if you are an elite,” Edelman said of the US findings.
The survey, based on the opinions of over 33,000 people and conducted between Oct. 19 and Nov. 16, is published on the eve of the Davos gathering in the Swiss Alps, which this year brings together some 3,000 business and world leaders amid anxiety over the US-China trade war, Brexit and a slowdown in global growth.
“Violation of trust“
The pessimism in Japan, France, Germany and Britain reflects a variety of factors.
“I think Japan’s never really recovered from Fukushima, there was such a violation of trust when that happened,” said Edelman, referring to the authorities’ botched response to a massive nuclear accident in 2011.
Signs of slowing global demand and a sharp rise in the yen have clouded the outlook for Japan’s export-reliant economy, and the government plans tax hikes to pay for ballooning health care costs for its rapidly aging population.
“The problem for the three (European) countries.... is that given the reality of the potentially diminished economic future, there is deep anger in advance,” Edelman said.
In France, what started as a grassroots rebellion by low-paid workers to protest taxes on diesel fuel and a squeeze on household incomes has morphed into an assault on President Emmanuel Macron and his reforms, seen by the protesters as favoring the wealthy.
And in Britain, the Brexit crisis intensified last week after Prime Minister Theresa May’s two-year attempt to forge an amicable divorce from the European Union was crushed by parliament in the biggest defeat for a British leader in modern history.
The survey found that while only 49 percent of the wider population trusted institutions such as governments, this figure rose to 65 percent among high-income, college-educated and well-informed people — the biggest gap since the research began 19 years ago.
Despite widespread distrust of the media, uncertainty about the future has led to a sharp jump in people’s consumption and sharing of news and information, up 22 percentage points in a year to 72 percent.
But more than 70 percent said they worry about false information or fake news being used as a weapon.
In the United States, where President Donald Trump has repeatedly denounced the media as purveyors of fake news, trust in media varied widely depending on political affiliations.
Those who identified themselves as Republican voters showed only 33 percent trust in media, while 69 percent of Democrats did so.
Eve-of-Davos survey shows people place trust in companies over governments
Eve-of-Davos survey shows people place trust in companies over governments
- Only one in five people believe the economic, political and social system is working for them
- Nearly 60 percent think trade conflicts are hurting their companies and putting their jobs at risk
Explosions caused 2 bridges in western Russia to collapse, officials say. 7 people were killed
Explosions caused two bridges to collapse and derailed two trains in western Russia overnight, officials said Sunday, without saying what had caused the blasts. In one of the incidents, seven people were killed and dozens were injured.
The first bridge, in the Bryansk region on the border with Ukraine, collapsed on top of a passenger train on Saturday, causing the casualties. The train’s driver was among those killed, state-run Russian Railways said.
Hours later, officials said a second train derailed when the bridge beneath it collapsed in the nearby Kursk region, which also borders Ukraine.
In that collapse, a freight train was thrown off its rails onto the road below as the explosion collapsed the bridge, local acting Gov. Alexander Khinshtein said Sunday. The crash sparked a fire, but there were no casualties, he said.
Russia’s Investigative Committee, the country’s top criminal investigation agency, said in a statement that explosions had caused the two bridges to collapse, but did not give further details. Several hours later, it edited the statement, which was posted on social media, to remove the words “explosions” but did not provide an explanation.
The committee said that it would be investigating the incidents as potential acts of terrorism.
Rescue workers cleared debris from both sites, while some of those injured were transported to Moscow for treatment. Photos posted by government agencies in Bryansk appeared to show train carriages ripped apart and lying amid fallen concrete from the collapsed bridge. Other footage on social media was apparently taken from inside vehicles on the road that had managed to avoid driving onto the bridge before it collapsed.
Bryansk regional Gov. Alexander Bogomaz announced three days of mourning for the victims, starting Monday.
Damage to railway tracks was also found Sunday by inspectors working on the line elsewhere in the Bryansk region, Moscow Railway said in a statement. It did not say whether the damage was linked to the collapsed bridges.
In the past, some officials have accused pro-Ukrainian saboteurs of attacking Russia’s railway infrastructure. The details surrounding such incidents, however, are limited and cannot be independently verified.
Ukraine’s military intelligence, known by the Ukrainian abbreviation GUR, said Sunday that a Russian military freight train carrying food and fuel had been blown up on its way to Crimea. It did not claim the attack was carried out by GUR or mention the bridge collapses.
The statement said Moscow’s key artery with the Russian-occupied Zaporizhzhia region and Crimea has been destroyed.
Russia forces have been pushing into the region of Zaporizhzhia in eastern Ukraine since Moscow’s full-scale invasion in February 2022. Russia took Crimea and annexed it in 2014.
6 injured in Colorado attack the FBI is investigating as terrorism
- The suspect, identified by the FBI as 45-year-old Mohamed Sabry Soliman, was taken into custody
- Suspect yelled 'Free Palestine' as he attacked protesters with a makeshift flamethrower, say police
BOULDER, Colorado: Six people were injured Sunday in a molotov cocktail attack in Boulder, Colorado, and US federal law enforcement said they were investigating it as an act of terrorism.
Mark Michalek, the special agent in charge of the FBI field office in Denver, said a 45-year-old suspect, identified as Mohamed Sabry Soliman, was taken into custody.
The suspect yelled “Free Palestine” as he attacked a crowd with a makeshift flamethrower, the FBI said. No charges were immediately announced but officials said they expect to hold him “fully accountable.”
The attack took place at a popular pedestrian mall in Boulder where demonstrators with a volunteer group called Run For Their Lives had gathered to raise visibility for the hostages who remain in Gaza as a war between Israel and Hamas continues to inflame global tensions and has contributed to a spike in antisemitic violence in the United States.
Video from the scene showed a witness shouting, “He’s right there. He’s throwing Molotov cocktails,” as a police officer with his gun drawn advanced on a bare-chested suspect with containers in each hand.
Injuries ranged from serious to minor. Soliman was also injured and was taken to the hospital to be treated, but authorities didn’t elaborate on the nature of his injuries.
The attack occurred more than a week after the fatal shooting of two Israeli embassy staffers in Washington by a Chicago man who yelled “I did it for Palestine, I did it for Gaza” as he was being led away by police.
FBI leaders in Washington said they were treating the Boulder attack as an act of terrorism, and the Justice Department — which leads investigations into acts of violence driven by religious, racial or ethnic motivations — decried the attack as a “needless act of violence, which follows recent attacks against Jewish Americans.”
“This act of terror is being investigated as an act of ideologically motivated violence based on the early information, the evidence, and witness accounts. We will speak clearly on these incidents when the facts warrant it,” FBI Deputy Director Dan Bongino said in a post on X.
Israel’s war in Gaza began when Hamas-led militants stormed into southern Israel on Oct. 7, 2023, killing some 1,200 people, mostly civilians, and abducting about 250 others. They are still holding 58 hostages, around a third believed to be alive, after most of the rest were released in ceasefire agreements or other deals.
Israel’s military campaign has killed over 54,000 people in Hamas-run Gaza, mostly women and children, according to Gaza’s Health Ministry, which does not say how many of the dead were civilians or combatants. The offensive has destroyed vast areas, displaced around 90 percent of the population and left people almost completely reliant on international aid.
Police in Boulder were more circumspect about a motive. Police Chief Steve Redfearn said it “would be irresponsible for me to speculate” while witnesses were still being interviewed but noted that the group that had gathered in support of the hostages had assembled peacefully and that injuries of the victims — ranging from serious to minor — were consistent with them having been set on fire.
The violence comes four years after a shooting rampage at a grocery store in Boulder, about 25 miles (40 kilometers) northwest of Denver, that killed four people. The gunman was sentenced to life in prison for murder after a jury rejected his attempt to avoid prison time by pleading not guilty by reason of insanity.
Multiple blocks of the pedestrian mall area were evacuated by police. The scene shortly after the attack was tense, as law enforcement agents with a police dog walked through the streets looking for threats and instructed the public to stay clear of the pedestrian mall.
Colorado Gov. Jared Polis said in a statement that he was “closely monitoring” the situation, adding that “hate-filled acts of any kind are unacceptable.”
High energy costs threaten UK manufacturing’s future, industry warns
- Manufacturing association Make UK said it should cancel climate levies imposed on industrial energy costs and adopt a fixed industrial energy price
MANCHESTER, England: Britain needs to cut industrial energy bills that are the highest among major advanced economies if its aspirations for a healthy manufacturing sector are to succeed, industry body Make UK said on Monday.
Prime Minister Keir Starmer’s government is working on an industrial strategy to put British manufacturing — hit hard by Brexit, soaring energy costs and global trade wars — on a solid footing for the years ahead.
Manufacturing association Make UK said it should cancel climate levies imposed on industrial energy costs and adopt a fixed industrial energy price.
Britain had the highest industrial energy prices out of any International Energy Agency member country in 2023, reflecting its dependence on gas and its role in setting electricity prices.
“If we do not address the issue of high industrial energy costs in the UK as a priority, we risk the security of our country,” Make UK chief executive officer Stephen Phipson said.
“We will fail to attract investment in the manufacturing sector and will rapidly enter a phase of renewed de-industrialization.”
Britain has de-industrialized — defined as the share of manufacturing in overall economic output — faster than in any other major European country over the last 30 years, according to a Reuters analysis of national accounts data.
Manufacturing hit a record low 9 percent of economic output last year, crowded out by the dominant services sector which now drives the majority of the country’s exports — a first among Group of Seven advanced economies.
Alan Johnson, a senior executive for manufacturing, supply chain and purchasing at Nissan Motor, said its Sunderland plant in the north east of England had the highest energy costs out of any of its facilities in the world.
“The proposals being put forward by Make UK ... would send a strong message to investors that the UK remains committed to creating a more competitive environment for electric vehicle manufacturing,” Johnson said.
Ukraine destroys 40 aircraft deep inside Russia ahead of peace talks in Istanbul
- Ukraine's President Zelensky says 117 drones were used in the attack on Russian air bases
- 34 percent of Russia’s fleet of air missile carriers with damages estimated at $7 billion, says Ukraine military
KYIV, Ukraine: A Ukrainian drone attack has destroyed more than 40 Russian planes deep in Russia’s territory, Ukraine’s Security Service said on Sunday, while Moscow pounded Ukraine with missiles and drones just hours before a new round of direct peace talks in Istanbul.
A military official, who spoke with The Associated Press on condition of anonymity to disclose operational details, said the far-reaching attack took more than a year and a half to execute and was personally supervised by Ukrainian President Volodymyr Zelensky.
In his evening address, Zelensky said that 117 drones had been used in the operation. He claimed the operation had been headquartered out of an office next to the local FSB headquarters. The FSB is the Russian intelligence and security service.
The military source said it was an “extremely complex” operation, involving the smuggling of first-person view, or FPV, drones to Russia, where they were then placed in mobile wooden houses.
“Later, drones were hidden under the roofs of these houses while already placed on trucks. At the right moment, the roofs of the houses were remotely opened, and the drones flew to hit Russian bombers,” the source said.
Social media footage shared by Russian media appeared to show the drones rising from inside containers while other panels lay discarded on the road. One clip appeared to show men climbing onto a truck in an attempt to halt the drones.
Long-range bombers targeted
The drones hit 41 planes stationed at military airfields on Sunday afternoon, including A-50, Tu-95 and Tu-22M aircraft, the official said. Moscow has previously used Tupolev Tu-95 and Tu-22 long-range bombers to launch missiles at Ukraine, while A-50s are used to coordinate targets and detect air defenses and guided missiles.
The Security Service of Ukraine said that the operation, which it codenamed “Web”, had destroyed 34 percent of Russia’s fleet of air missile carriers with damages estimated at $7 billion. The claim could not be independently verified.
Russia’s Defense Ministry in a statement confirmed the attacks, which damaged aircraft and sparked fires on air bases in the Irkutsk region, more than 4,000 kilometers (2,500 miles) from Ukraine, as well as the Murmansk region in the north, it said. Strikes were also repelled in the Amur region in Russia’s Far East and in the western regions of Ivanovo and Ryazan, the ministry said.
US Defense Secretary Pete Hegseth was briefed on Ukraine’s attack Russia during a stop at Nellis Air Force Base and was monitoring the situation. A senior defense official said on the condition of anonymity to discuss sensitive matters that the US was not given notification before the attack. The official said it represented a level of sophistication the US had not seen before.
Also on Sunday, Russia’s top investigative body said that explosions had caused two bridges to collapse and derailed two trains in western Russia overnight, killing seven in one of the incidents and injuring dozens more. Russian officials, however, did not say what had caused the blasts and the word “explosions” was later removed from an Investigative Committee press release.
Attack ahead of talks
The drone attack came the same day as Zelensky said Ukraine will send a delegation to Istanbul for a new round of direct peace talks with Russia on Monday.
In a statement on Telegram, Zelensky said that Defense Minister Rustem Umerov will lead the Ukrainian delegation. “We are doing everything to protect our independence, our state and our people,” Zelensky said.
Ukrainian officials had previously called on the Kremlin to provide a promised memorandum setting out its position on ending the war before the meeting takes place. Moscow had said it would share its memorandum during the talks.
Russian strike hits an army unit
Russia on Sunday launched the biggest number of drones — 472 — on Ukraine since the full-scale invasion in February 2022, Ukraine’s air force said.
Russian forces also launched seven missiles alongside the barrage of drones, said Yuriy Ignat, head of communications for the air force. Earlier Sunday, Ukraine’s army said at least 12 Ukrainian service members were killed and more than 60 were injured in a Russian missile strike on an army training unit.
Ukrainian army commander Mykhailo Drapatyi later Sunday submitted his resignation following the attack. He was a respected commander whose leadership saw Ukraine regain land on the eastern front for the first time since Kyiv’s 2022 counteroffensive.
The training unit was located to the rear of the 1,000-kilometer (620-mile) active front line, where Russian reconnaissance and strike drones are able to strike. Ukraine’s forces lack troops and take extra precautions to avoid mass gatherings as the skies across the front line are saturated with Russian drones looking for targets.
Poland on a knife’s edge as exit poll shows a near tie in presidential runoff
- Runoff pitted Trzaskowski, a liberal pro-EU politician, against Karol Nawrock, a conservative historian backed by the right-wing Law and Justice party and aligned with US conservatives
WARSAW, Poland: Exit polls in Poland’s presidential runoff on Sunday showed the two candidates in a statistical tie with the race still too close to call in the deeply divided nation. The results could set the course for the nation’s political future and its relations with the European Union.
A first exit poll showed liberal Warsaw mayor Rafał Trzaskowski with a slight lead over conservative historian Karol Nawrocki, but two hours later an updated “late poll” showed Nawrocki winning 50.7 percent, more than Trzaskowski with 49.3 percent
The polls have a margin of error and it was still not clear who the winner was.
Claims of victory amid uncertainty
Though the final result was still unclear with the two locked in a near dead heat, both men claimed to have won in meetings with their supporters in Warsaw.
“We won,” Trzaskowski told his supporters to chants of “Rafał, Rafał.”
“This is truly a special moment in Poland’s history. I am convinced that it will allow us to move forward and focus on the future,” Trzaskowski said. “I will be your president.”
Nawrocki, speaking to his supporters at a separate event in Warsaw, said he believed he was on track to win. “We will win and save Poland,” he said. “We must win tonight.”
The final results were expected Monday.
A divided country
The decisive presidential runoff pitted Trzaskowski, a liberal pro-EU politician, against Nawrocki, a conservative historian backed by the right-wing Law and Justice party and aligned with US conservatives, including President Donald Trump.
The fact that it was so close underlined how deep the social divisions have become in Poland.
The outcome will determine whether Poland takes a more nationalist path or pivots more decisively toward liberal democratic norms. With conservative President Andrzej Duda completing his second and final term, the new president will have significant influence over whether Prime Minister Donald Tusk’s centrist government can fulfill its agenda, given the presidential power to veto laws.
“We will not allow Donald Tusk’s grip on power to be completed,” Nawrocki said.
The runoff follows a tightly contested first round of voting on May 18, in which Trzaskowski won just over 31 percent and Nawrocki nearly 30 percent, eliminating 11 other candidates.
Katarzyna Malek, a 29-year-old voter in Warsaw, cast her ballot in the first round for a left-wing candidate but went for Trzaskowski on Sunday, viewing him as more competent and more likely to pursue stronger ties with foreign partners and lower social tensions.
“I hope there will be less division, that maybe there will be more dialogue,” she said.
The campaign has highlighted stark ideological divides. Trzaskowski, 53, has promised to restore judicial independence, ease abortion restrictions and promote constructive ties with European partners. Nawrocki, 42, has positioned himself as a defender of traditional Polish values and skeptical of the EU.
Allegations against Nawrocki
Nawrocki’s candidacy has been clouded by allegations of past connections to criminal figures and participation in a violent street battle. He denies the criminal links but acknowledges having taken part in “noble” fights. The revelations have not appeared to dent his support among right-wing voters, many of whom see the allegations as politically motivated.
“We managed to unite the entire patriotic camp in Poland, the entire camp of people who want a normal Poland, want a Poland without illegal migrants, a safe Poland. We managed to unite all those who want social, community security,” Nawrocki said. It was an apparent reference to those who supported far-right candidates in the first round and who supported him on Sunday.
Some of those voting for Nawrocki in Warsaw dismissed the allegations against him, saying he shouldn’t be punished for his past and that Trzaskowski has also made mistakes as mayor.
Władysława Wąsowska, an 82-year-old former history teacher, recalled instilling patriotism in her students during the communist era, when Poland was under Moscow’s influence.
“I’m a right-wing conservative. I love God, the church and the homeland,” she said, explaining that Nawrocki for her is the only patriotic choice now, and accusing Trzaskowski of serving foreign interests.
“He’s controlled by Germany,” she said. “I want a sovereign, independent, democratic Poland — and a Catholic one.”
International echoes
Amid rising security fears over Russia’s war in neighboring Ukraine, both candidates support aid to Kyiv, though Nawrocki opposes NATO membership for Ukraine, while Trzaskowski supports it in the future.
Nawrocki’s campaign has echoed themes popular on the American right, including an emphasis on traditional values. His supporters feel that Trzaskowski, with his pro-EU views, would hand over control of key Polish affairs to larger European powers like France and Germany.
Many European centrists rooted for Trzaskowski, seeing in him someone who would defend democratic values under pressure from authoritarian forces across the globe.
