In today’s newsletter: As global tensions rise, this year’s Davos gathering reveals a world struggling to adapt to shifting power dynamics and the erosion of old certaintiesGood morning. The annual gathering of political and business leaders in Davos opened against a backdrop of war, trade threats and a rapidly fraying global order – with the World Economic Forum once again struggling to reconcile its talk of cooperation with the realities of great-power confrontation.Above all, one figure has dominated the week more than any theme or panel discussion – Donald Trump. He appears to have been determined to use the Alpine summit as a stage for his own vision of how the world should work.Davos | Volodymyr Zelenskyy has taken aim at Europe in a fiery speech at Davos, accusing leaders of being in “Greenland mode” as they waited for leadership from Donald Trump on Ukraine and other geopolitical crises rather than taking action themselves. The day ended with news of trilateral talks to start on Friday in Abu Dhabi between the US, Russia and Ukraine.UK news | The UK government borrowed less than expected in December, official figures show, after record-breaking receipts, giving a boost to the chancellor.Daily Mail | Elizabeth Hurley has accu