DAVOS: Ukrainian President Volodymyr Zelensky came out swinging Tuesday against Russian President Vladimir Putin at the World Economic Forum’s annual meeting in Davos and even had a harsh tone for his allies as war fatigue grows, pressing political and corporate leaders to enforce sanctions, help rebuild his country and advance the peace process.
Zelensky is trying to keep his country’s long and largely stalemated defense against Russia on the minds of political leaders, as Israel’s war with Hamas, which passed the 100-day mark this week, has siphoned off much of the world’s attention and sparked concerns about a wider conflict in the Middle East.
“Anyone thinks this is only about us, this is only about Ukraine, they are fundamentally mistaken,” he said in a speech in English at the Swiss ski resort. “Possible directions and even timeline of a new Russian aggression beyond Ukraine become more and more obvious.”
“Putin embodies war” and will not change, he said. While lashing out at Putin for mass deportations, leveling cities and “the terrifying feeling that the war may never end,” he also offered pointed criticism for a world that told him not to escalate tensions ahead of Russia’s full-scale invasion in 2022.
“After Feb. 24th, nothing harmed our coalition more than this concept. Every ‘Don’t escalate’ to us, sounded like ‘You will prevail’ to Putin,” Zelensky said.
He thanked allies for each package of sanctions on Moscow but urged them to ensure they work. Russia, for instance, has found workarounds for imports of banned Western products that still appear on shelves.
It is Zelensky’s first trip to Davos since the war began after speaking by video in previous years, and he rushed between meetings with corporate executives and world leaders. Surrounded by a large security contingent, he’s drawn the attention of media and others seeking to meet him.
Conversations with the prime ministers of Qatar and Jordan will bookend the day’s most visible events, with speeches by Chinese Premier Li Qiang, European Commission President Ursula von der Leyen and US national security adviser Jake Sullivan in between.
Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani of Qatar said the concentration on the attacks on ships in the Red Sea by Yemen’s Houthi militia — which have spurred retaliatory strikes by the US and Britain — was “focusing on the symptoms and not treating the real issue” of Israel’s war with Hamas.
“We should focus on the main conflict in Gaza. And as soon as it’s defused, I believe everything else will be defused,” he said, adding that a two-state solution was required to end the conflict.
Sheikh Mohammed also warned that a military confrontation “will not contain” the Houthi attacks.
“I think that what we have right now in the region is a recipe of escalation everywhere,” he added.
Li, the Chinese premier, focused on pitching the country as a place to invest, noting that “we are opening wide our embrace.” He said China’s economy is estimated to have grown about 5.2 percent last year, exceeding the target it had set of 5 percent.
China’s economy, for decades a leading engine of global expansion, has struggled since COVID-19 restrictions, with high youth unemployment and the implosion of its overbuilt property market.
Li gave veiled criticism of US restrictions on China’s ability to buy advanced computer chips used in everything from cellphones to washing machines.
“Technology’s achievements should be used to benefit all humankind and it should not be used as a method to limit, to suppress another country,” Li said.
Von der Leyen reiterated that the EU doesn’t want to break from Beijing — one of its most important trade partners — but ease the risks of relying too heavily on it because “we have issues when it comes to access to the market, when it comes to a level playing field, when it comes to economic security.”
She noted China’s export controls on metals used in computer chips, solar cells and more.
For the US, Sullivan said no when The Associated Press asked whether he would meet with China’s delegation as he headed into talks with Zelensky and US Secretary of State Antony Blinken.
Zelensky, once reticent about leaving his country, has recently gone on a whirlwind tour to rally support for Ukraine amid donor fatigue in the West and concerns that former US President Donald Trump — who touted having good relations with Putin — might return to the White House next year following his commanding win Monday in the Iowa caucuses.
Zelensky hopes to parlay the high visibility of the event into a bully pulpit to showcase Ukraine’s pressing needs, and allies will be lining up: Corporate chiefs including JPMorgan Chase CEO Jamie Dimon and officials like von der Leyen learned in multiple gatherings what support and investment was needed to help rebuild Ukraine.
“It’s time for us, for Ukrainian companies, for international companies to rebuild (the) Ukrainian economy,” Maxim Timchenko, CEO of Ukrainian energy company DTEK said after the session. “To rely on ourselves. To build a future for Ukraine.”
In her speech, Von der Leyen painted an optimistic view of the war in Ukraine despite the battlefield stalemate. She said Russia has “lost half of its military capabilities,” while Ukraine regained half the ground it had originally lost early in the invasion.
A day earlier, Zelensky stopped in Switzerland’s capital, Bern, where President Viola Amherd pledged her country would work with Ukraine to help organize a “peace summit” for Ukraine.
In his speech at Davos, he invited every leader who respects and international law to join, saying “peace must be the answer.”
The theme of the gathering is “rebuilding trust,” and it comes as that sentiment has been fraying globally: Wars in the Middle East and Europe have increasingly split the world into different camps.
At Davos, Zelensky lashes out at Putin and urges support for Ukraine’s fight
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At Davos, Zelensky lashes out at Putin and urges support for Ukraine’s fight
- Zelensky is trying to keep his country’s long and largely stalemated defense against Russia on the minds of political leaders
- He thanked allies for each package of sanctions on Moscow but urged them to ensure they work
Musk damaged Tesla’s brand in just a few months. Fixing it will likely take longer
- Sales have plunged for Tesla amid protests and boycotts over Musk’s embrace of far right-wing views
- Profits have been sliced by two-thirds so far this year, and rivals from China, Europe and the US are pouncing
NEW YORK: Elon Musk has been called a Moonshot Master, the Edison of Our Age and the Architect of the Future, but he’s got a big problem at his car company and it’s not clear he can fix it: damage to its brand.
Sales have plunged for Tesla amid protests and boycotts over Musk’s embrace of far right-wing views. Profits have been sliced by two-thirds so far this year, and rivals from China, Europe and the US are pouncing.
On Tuesday came some relief as Musk announced in an earnings call with investors that he would be scaling back his government cost-cutting job in Washington to a “day or two per week” to focus more on his old job as Tesla’s boss.
Investors pushed up Tesla’s stock 5 percent Wednesday, though there are plenty of challenges ahead.
Who wants a Tesla?
Musk seemed to downplay the role that brand damage played in the drop in first-quarter sales on the investor call. Instead, he emphasized something more fleeting — an upgrade to Tesla’s best-selling Model Y that forced a shutdown of factories and pinched both supply and demand.
While financial analysts following the company have noted that potential buyers probably held back while waiting for the upgrade, hurting results, even the most bullish among them say the brand damage is real, and more worrisome.
“This is a full blown crisis,” said Wedbush Securities’ normally upbeat Dan Ives earlier this month. In a note to its clients, JP Morgan warned of “unprecedented brand damage.”
Musk’s take on the protests
Musk dismissed the protests against Tesla on the call as the work of people angry at his leadership of the Department of Government Efficiency because “those who are receiving the waste and fraud wish it to continue.”
But the protests in Europe, thousands of miles from Washington, came after Musk supported far-right politicians there. Angry Europeans hung Musk in effigy in Milan, projected an image of him doing a straight-arm salute on a Tesla factory in Berlin and put up posters in London urging people not to buy “Swasticars” from him.
Sales in Europe have gone into a free fall in the first three months of this year — down 39 percent. In Germany, sales plunged 62 percent.
Another worrying sign: On Tuesday, Tesla backed off its earlier promise that sales would recover this year after dropping in 2024 for the first time a dozen years. Tesla said the global trade situation was too uncertain and declined to repeat the forecast.
Here come the rivals
Meanwhile, Tesla’s competition is stealing its customers.
Among its fiercest rivals now is Chinese giant BYD. Earlier this year, the EV maker announced it had developed an electric battery that can charge within minutes. And Tesla’s European rivals have begun offering new models with advanced technology that is making them real Tesla alternatives just as popular opinion has turned against Musk.
Tesla’s share of the EV market in the US has dropped from two-thirds to less than half, according to Cox Automotive.
Pinning hopes on cybercabs
Another rival, Google parent Alphabet, is already ahead of Tesla in an area that Musk has promised will help remake his company: Cybercabs.
One of the highlights of Tesla’s call Tuesday was Musk sticking with his previous prediction that it will l aunch driverless cabs without steering wheels and pedals in Austin, Texas, in June, and in other cities soon after.
But Google’s service, called Waymo, already has logged millions of driverless cybercab trips in San Francisco, Phoenix, Los Angeles, and Austin as part of a partnership with ride-hailing leader Uber.
A driverless future for Tesla owners?
Musk also told analysts that this driverless capability will be available on the Tesla vehicles already on the road through software updates over the air, and put a timeline on it: “There will be millions of Teslas operating autonomously in the second half of the year.”
But he has made similar promises before, only to miss his deadlines, such as in April 2019 when he vowed full automation by the end of the next year. He repeated the prediction, moving up the date, several more times, in following years.
A big problem is federal investigators have not given the all-clear that Tesla vehicles can drive completely on their own safely. Among other probes, safety regulators are looking into Tesla’s so-called Full Self-Driving, which is only partial self-driving, for its tie to accidents in low-visibility conditions like when there is sun glare.
On the positive side
In competition with rivals in the US, Tesla currently has one clear advantage: It will get hurt by less by tariffs because most of its vehicles are built in the countries where they are sold, including those in its biggest market, the US
“Tariffs are still tough on a company where margins are still low, but we do have localized supply chains,” Musk said Tuesday. “That puts us in a strong position.”
The company also reconfirmed that a cheaper version of its best-selling vehicle, the Model Y sport utility vehicle, will be ready for customers in the first half of this year. That could help boost sales.
Another plus: The company had a blow out first quarter in its energy storage business. And Musk has promised to be producing 5,000 Optimus robots, another Tesla business, by the end of the year.
Pricey stock
Even after falling nearly 50 percent from its December highs, Tesla’s stock is still very richly valued based on the one yardstick that really matters in the long run: its earnings.
At 110 times its expected per share earnings this year, the stock is valued more than 25 times higher than General Motors. The average stock on in the S&P 500 index trades at less than 20 times earnings.
That leaves Tesla little margin for error if something goes wrong.
Drone, missile attack on Kyiv injures 21, officials say
A combined Russian missile and drone attack triggered fires in several districts of the Ukrainian capital Kyiv early on Thursday, injuring 21 people, officials said.
Mayor Vitali Klitschko, writing on Telegram, said six fires were reported in Sviatoshynskyi district west of the city center, causing serious damage. Twenty-one people were being treated in hospital, including three children.
Klitschko had earlier said residents of one dwelling were trapped under rubble.
Fires and incidents of falling metal fragments were reported in other areas.
In Kharkiv, Ukraine’s second largest city, 30 km (18 miles) from the Russian border, Mayor Ihor Terekhov said seven missiles had struck a series of targets. Windows were smashed in a high-rise apartment building, but there was no word on casualties.
Within an hour, Terekhov also reported a drone attack on the city, though there was no indication of any casualties.
India downgrades ties with Pakistan after attack on Kashmir tourists kills 26
- New Delhi suspends key water sharing treaty, and closes only land border crossing
- Pakistan prime ministers calls meeting Thursday to discuss response
SRINAGAR/NEW DELHI: India announced a raft of measures to downgrade its ties with Pakistan on Wednesday, a day after suspected militants killed 26 men at a tourist destination in Kashmir in the worst attack on civilians in the country in nearly two decades.
Diplomatic ties between the nuclear-armed South Asian neighbors were weak even before the latest measures were announced as Pakistan had expelled India’s envoy and not posted its own ambassador in New Delhi after India revoked the special status of Kashmir in 2019.
Pakistan had also halted its main train service to India and banned Indian films, seeking to exert diplomatic pressure.
Tuesday’s attack is seen as a setback to what Indian Prime Minister Narendra Modi and his Hindu nationalist Bharatiya Janata Party have projected as a major achievement in revoking the semi-autonomous status Jammu and Kashmir enjoyed and bringing peace and development to the long-troubled Muslim-majority region.
On Wednesday, Indian Foreign Secretary Vikram Misri told a media briefing that the cross-border involvement in the Kashmir attack was underscored at a special security cabinet meeting, prompting it to act against Pakistan.
He said New Delhi would immediately suspend the 1960 Indus Waters Treaty “until Pakistan credibly and irrevocably abjures its support for cross-border terrorism.”
The treaty, mediated by the World Bank, split the Indus River and its tributaries between the neighbors and regulated the sharing of water. It had so far withstood even wars between the neighbors.
Pakistan is heavily dependent on water flowing downstream from this river system from Indian Kashmir for its hydropower and irrigation needs. Suspending the treaty would allow India to deny Pakistan its share of the waters.
India also closed the only open land border crossing point between the two countries and said that those who have crossed into India can return through the point before May 1.
With no direct flights operating between the two countries, the move severs all transport links between them.
Pakistani nationals will not be permitted to travel to India under special South Asian visas, all such existing visas were canceled and Pakistanis in India under such visas had 48 hours to leave, Misri said.
All defense advisers in the Pakistani mission in New Delhi were declared persona non grata and given a week to leave. India will pull out its own defense advisers in Pakistan and also reduce staff size at its mission in Islamabad to 30 from 55, Misri said.
“The CCS reviewed the overall security situation and directed all forces to maintain high vigil,” Misri, the most senior diplomat in the foreign ministry, said referring to the security cabinet.
“It resolved that the perpetrators of the attack will be brought to justice and their sponsors held to account...India will be unrelenting in the pursuit of those who have committed acts of terror, or conspired to make them possible,” he said.
There was no immediate response to the Indian announcement from Pakistan’s Foreign Office.
Pakistani Prime Minister Shehbaz Sharif has called a meeting of the National Security Committee on Thursday morning to respond to the Indian government’s statement, Pakistan’s Foreign Minister Ishaq Dar posted on X.
Tourist boom
India’s response came a day after the attack in the Baisaran Valley in the Pahalgam area of the scenic, Himalayan federal territory of Jammu and Kashmir.
The region has been at the heart of India-Pakistan animosity for decades and the site of multiple wars, insurgency and diplomatic standoffs.
The dead included 25 Indians and one Nepalese national and at least 17 people were also injured in the shooting that took place on Tuesday.
It was the worst attack on civilians in India since the 2008 Mumbai shootings, and shattered the relative calm in Kashmir, where tourism has boomed as an anti-India insurgency has waned in recent years.
A little-known militant group, the “Kashmir Resistance,” claimed responsibility for the attack in a social media message. It expressed discontent that more than 85,000 “outsiders” had been settled in the region, spurring a “demographic change.”
Indian security agencies say Kashmir Resistance, also known as The Resistance Front, is a front for Pakistan-based militant organizations such as Lashkar-e-Taiba and Hizbul Mujahideen.
Pakistan denies accusations that it supports militant violence in Kashmir and says it only provides moral, political and diplomatic support to the insurgency there.
“We are concerned at the loss of tourists’ lives,” Pakistani foreign ministry spokesperson Shafqat Ali Khan said in a statement earlier on Wednesday. “We extend our condolences to the near ones of the deceased and wish the injured a speedy recovery.”
Setback to Modi
In Kashmir, security forces rushed to the Pahalgam area and began combing the forests there in search of the attackers.
Police also released sketches of three of the four suspected attackers, who were dressed in traditional long shirts and loose trousers and one of them was wearing a bodycam, one security source said.
There were about 1,000 tourists and about 300 local service providers and workers in the valley when the attack took place, he said.
On Wednesday, the federal territory shut down in protest against the attack on tourists, whose rising numbers have helped the local economy.
Protesters turned out in several locations shouting slogans such as “Stop killing innocents,” “Tourists are our lives,” “It is an attack on us.”
“I want to say to the people of the country that we are ashamed, Kashmir is ashamed,” former Jammu and Kashmir Chief Minister Mehbooba Mufti said. “We are standing with you in this time of crisis.”
Airlines were operating extra flights through Wednesday from Srinagar, the summer capital of the territory, as visitors were rushing out of the region, officials said.
Militant violence has afflicted Kashmir, claimed in full but ruled in part by both Hindu-majority India and Islamic Pakistan, since the anti-Indian insurgency began in 1989. Tens of thousands of people have been killed, although violence has tapered off in recent years.
A dozen states sue the Trump administration to stop tariff policy
- The suit asks the court to declare the tariffs to be illegal, and to block government agencies
NEW YORK: A dozen states sued the Trump administration in the US Court of International Trade in New York on Wednesday to stop its tariff policy, saying it is unlawful and has brought chaos to the American economy.
The lawsuit said the policy put in place by President Donald Trump has left the national trade policy subject to Trump’s “whims rather than the sound exercise of lawful authority.”
It challenged Trump’s claim that he could arbitrarily impose tariffs based on the International Emergency Economic Powers Act. The suit asks the court to declare the tariffs to be illegal, and to block government agencies and its officers from enforcing them.
A message sent to the Justice Department for comment was not immediately returned.
The states listed as plaintiffs in the lawsuit were Oregon, Arizona, Colorado, Connecticut, Delaware, Illinois, Maine, Minnesota, Nevada, New Mexico, New York and Vermont.
In a release, Arizona Attorney General Kris Mayes called Trump’s tariff scheme “insane.”
She said it was “not only economically reckless — it is illegal.”
The lawsuit maintained that only Congress has the power to impose tariffs and that the president can only invoke the International Emergency Economic Powers Act when an emergency presents an “unusual and extraordinary threat” from abroad.
“By claiming the authority to impose immense and ever-changing tariffs on whatever goods entering the United States he chooses, for whatever reason he finds convenient to declare an emergency, the President has upended the constitutional order and brought chaos to the American economy,” the lawsuit said.
Last week, California Gov. Gavin Newsom, a Democrat, sued the Trump administration in US District Court in the Northern District of California over the tariff policy, saying his state could lose billions of dollars in revenue as the largest importer in the country.
White House spokesperson Kush Desai responded to Newsom’s lawsuit, saying the Trump administration “remains committed to addressing this national emergency that’s decimating America’s industries and leaving our workers behind with every tool at our disposal, from tariffs to negotiations.”
Palestinian student remains detained in Vermont with a hearing set for next week
- In court documents, the government argues that Mahdawi’s detention is a “constitutionally valid aspect of the deportation process”
- Mahdawi is still scheduled for a hearing date in immigration court in Louisiana on May 1, his attorneys said
BURLINGTON, Vermont: A large crowd of supporters and advocates gathered outside a Vermont courthouse Wednesday to support a Palestinian man who led protests against the war in Gaza as a student at Columbia University and was arrested during an interview about finalizing his US citizenship.
Mohsen Mahdawi, a legal permanent resident for 10 years, was arrested by Immigration and Customs Enforcement agents on April 14. He made an initial court appearance Wednesday during which a judge extended a temporary order keeping Mahdawi in Vermont and scheduled a hearing for next week.
Mahdawi’s lawyers say he was detained in retaliation for his speech advocating for Palestinian human rights.
“What the government provided thus far only establishes that the only basis they have to currently detaining him in the manner they did is his lawful speech,” attorney Luna Droubi said after the hearing. “We intend on being back in one week’s time to free Mohsen.”
In court documents, the government argues that Mahdawi’s detention is a “constitutionally valid aspect of the deportation process” and that district courts are barred from hearing challenges to how and when such proceedings are begun.
“District courts play no role in that process. Consequently, this Court lacks jurisdiction over Petitioner’s claims, which are all, at bottom, challenges to removal proceedings,” wrote Michael Drescher, Vermont’s acting US attorney.
According to his lawyers, Mahdawi had answered questions and signed a document that he was willing to defend the US Constitution and laws of the nation. They said masked ICE agents then entered the interview room, shackled Mahdawi, and put him in a car.
“What we’re seeing here is unprecedented where they are so hellbent on detaining students from good universities in our country,” attorney Cyrus Mehta said. “These are not hardened criminals. These are people who have not been charged with any crime, they have also not been charged under any of the other deportation provisions of the Immigration Act.”
Mahdawi is still scheduled for a hearing date in immigration court in Louisiana on May 1, his attorneys said. His notice to appear says he is removable under the Immigration and Nationality Act because the Secretary of State has determined his presence and activities “would have serious adverse foreign policy consequences and would compromise a compelling US foreign policy interest.”
Last month, Secretary of State Marco Rubio said the State Department was revoking visas held by visitors who were acting counter to national interests, including some who protested Israel’s war in Gaza and those who face criminal charges.
According to the court filing, Mahdawi was born in a refugee camp in the West Bank and moved to the United States in 2014. He recently completed coursework at Columbia and was expected to graduate in May before beginning a master’s degree program there in the fall.
As a student, Mahdawi was an outspoken critic of Israel’s military campaign in Gaza and organized campus protests until March 2024.
US Sen. Peter Welch of Vermont, a Democrat, met with Mahdaw i on Monday at the prison and posted a video account of their conversation on X. Mahdawi said he was “in good hands.” He said his work is centered on peacemaking and that his empathy extends beyond the Palestinian people to Jews and to the Israelis.
“I’m staying positive by reassuring myself in the ability of justice and the deep belief of democracy,” Mahdawi said in Welch’s video. “This is the reason I wanted to become a citizen of this country, because I believe in the principles of this country.”
Mahdawi’s attorney read a statement from him outside the courthouse Wednesday in which he urged supporters to “stay positive and believe in the inevitability of justice.”
“This hearing is part of the system of democracy, it prevents a tyrant from having unchecked power,” he wrote. “I am in prison, but I am not imprisoned.”
Meanwhile, the government is appealing a decision by a different Vermont judge who said another detained student, Rumeysa Ozturk of Tufts University, should be returned to Vermont.
On Tuesday, members of Congress from Massachusetts traveled to Louisiana to meet with Ozturk and Columbia University student Mahmoud Khalil. US Sen. Ed Markey and US Reps. Ayanna Pressley and Jim McGovern expressed concern at a news conference Wednesday that the students, as well as other detainees, were being deprived of nutritious meals, sleep and blankets in the cold facilities.
Khalil and Ozturk have not committed any crimes, the delegation said — they are being unlawfully detained for exercising their right to free speech.
“They are being targeted and imprisoned because of their political views,” McGovern said.
