What We're Watching
California scorcher, Gulf states threaten Netflix, potential Putin-Xi meeting
Water is dropped near a fireman as the Fairview Fire burns near Hemet, California.
REUTERS/David Swanson
Californians are bracing for mass power outages as the state of 40 million people suffers a record-breaking heatwave with temperatures in the triple digits. With residents cranking up air conditioners, state authorities say energy use statewide is hitting record levels. (The power grid is under added pressure because of the extreme heat, which makes power transmission less efficient.) Meanwhile, California’s independent grid operator called for energy rationing between 4 and 9 pm, advising residents to turn up their thermostats and avoid using energy-intensive equipment like dishwashers and washing machines. Indeed, the heatwave and energy crunch indicate that extreme weather events linked to climate change are pummeling countries in the developing and developed world alike. (With a GDP of $3.4 trillion in 2021, California’s economy is the largest in the US, surpassing countries like India and France.) As several wildfires broke out in Southern California in recent days, Governor Gavin Newsom warned that “we’re heading into the worst part of this heat wave.”
GZERO World heads to the World Economic Forum in Davos, where Ian Bremmer lookst at how President Trump’s second term is rattling Europe, reshaping both transatlantic relations and the global economy, with Finland’s President Alexander Stubb and the IMF’s Kristalina Georgieva.
Think you know what's going on around the world? Here's your chance to prove it.
How widely is AI actually being used, and where is adoption falling behind? Speaking at the 2026 World Economic Forum in Davos, Brad Smith, Vice Chair and President of Microsoft, outlined how AI adoption can be measured through what he calls a “diffusion index.”
U.S. President Donald Trump holds a bilateral meeting with NATO Secretary General Mark Rutte at the World Economic Forum (WEF) in Davos, Switzerland, January 21, 2026.
After saying numerous times that he would only accept a deal that puts Greenland under US control, President Donald Trump emerged from his meeting with NATO Secretary General Mark Rutte singing a different tune.