Spain’s Prime Minister Pedro Sanchez said the EU should put an end to anonymity of users in social media platforms and hold their CEOs personally accountable if they fail to comply with the bloc’s regulations.

A speech by the U.N. chief, economic growth potential in places like China and Russia, the challenges of artificial intelligence, and appearances by leaders from Spain to Malaysia are set to headline the agenda at the World Economic Forum's annual event in Davos on Wednesday.

DAVOS (Reuters) - Social media owners should be held responsible for "poisoning society" and eroding democracy with their algorithms, Spanish Prime Minister Pedro Sanchez told the World Economic Forum in Davos on Wednesday.

During the World Economic Forum in Davos, Spain's Prime Minister Pedro Sanchez criticized social media platforms for eroding democracy through misinformation. He proposed holding platform owners accountable,

Spanish Prime Minister Pedro Sánchez fired back at Donald Trump on Wednesday after the U.S. president criticized Madrid for falling well short on its defense spending.

Spanish Prime Minister Pedro Sanchez withheld judgment on the merits of the proposed takeover of Banco Sabadell SA by larger rival BBVA SA, even though his government previously expressed strong opposition to the banking deal.

A trade war is not in the interest [of either party] neither for the U.S., neither for the European Union,” Pedro Sanchez said.

Follow The Hindu’s updates of Day 3 of the World Economic Forum 2025, in Davos, Switzerland, on January 22, 2025

It means that we are in a polarized, fragmented world where we see less cooperation than in the past, and more competition. There is more focus on national interest. That is a challenge, as many of the biggest problems we face need global solutions.

China's Vice-Premier Ding Xuexiang at the 55th annual World Economic Forum meeting in Davos, Switzerland, January 21, 2025. REUTERS/Yves Herman China does not pursue a trade surplus and is willing to import more competitive and high-quality products and services to balance trade, Ding Xuexiang, the country's vice premier, said on Tuesday.

“I’m pretty comfortable with the market expectations for the upcoming two meetings,” the Dutch central banker told Bloomberg TV. “I’m not convinced yet that we need to go into stimulative mode.”