A speech by U.N. Secretary-General Antonio Guterres criticizing fossil fuel use and warning of the perils of artificial intelligence has headlined the agenda at the World Economic Forum’s annual event

Pedro Sánchez, Prime Minister of Spain, discusses potential tariffs, defense spending and misinformation on social media from the sidelines of Davos 2025.

DAVOS, Switzerland — Spanish Prime Minister Pedro Sánchez said on Wednesday that tech billionaires want to use social media “to overthrow democracy” — adding he’ll push EU leaders to take action.

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.

“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.”

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.

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 regulations.

Social media harms the liberal order and democratic systems, Spanish PM Pedro Sanchez said. Speaking at the World Economic Forum in Davos, he accused social media owners of misinformation. He proposed an EU council meeting to discuss measures like ending anonymity on social media and ensuring algorithm transparency.

Spain is a "reliable partner" in NATO, Prime Minister Pedro Sanchez said on Wednesday, after U.S. President Donald Trump criticised Madrid for falling short on its financial contributions to the defence alliance.

The focus at the 2024 World Economic Forum will be U.N. chief António Guterres's speech, AI risks and Trump's trade tariff plans.

Spanish Prime Minister Pedro Sanchez met this Wednesday at the World Economic Forum in Davos with the presidents and CEOs of some of the IBEX 35 companies, the main index of the Spanish stock exchange,