FEAR & GREED | Business News US hits Europe with Greenland tariffs; PM waters down racial bill; cancer success soars
Jan 18, 2026
The podcast dives into Trump's controversial tariffs tied to Greenland, sparking reactions from European allies. It highlights the shifting political landscape in Australia, particularly the shelving of racial vilification legislation. Cancer recovery rates are on the rise, showcasing remarkable progress in treatment. Additionally, insights into surging tourism and migration trends offer a glimpse into Australia's recovery, all while the Australian Open gears up with exciting prizes and attendance expectations.
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Davos Draws Global Power Players
- Davos remains the global power-conference with leaders, CEOs and geopolitical heavyweights attending each year.
- Donald Trump’s attendance and Greenland tariffs will dominate discussions and escalate US-Europe tensions.
Tariffs Used As Geopolitical Leverage
- The US imposed tariffs on several European allies demanding Greenland be sold to the US as leverage.
- Tariffs start at 10% and rise to 25% from June, showing negotiation-through-pressure tactics.
A Reporter’s Davos Memory
- Michael recounts being a mid-ranking reporter when Fairfax sent senior journalists to Davos and Colleen Ryan praised the experience.
- He frames Davos as a concentrated place of power and influence worth visiting once.