If you were important, you’d be reading this from a ski lift in Switzerland. Because anyone who’s anyone is in Davos this week, talking about really big ideas and fixing this broken planet of ours. I just worry how those of us back home will keep things running while they’re away.

The lowdown

• 🤖 Nearly 40% of global employment could be disrupted by AI, IMF says.

• 🍟 China's military and government acquire Nvidia chips despite a US ban.

• 🏦 Six arrested over plot to ‘bring London Stock Exchange to standstill’.

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Global crises set to dominate at Davos

The rich and powerful descend on the World Economic Forum in Davos, Switzerland this week to talk shop and solve all the world’s ills. Trade, climate change, and AI are all on the agenda.

After years of pandemic and war in Ukraine, leaders had perhaps hoped for a less tumultuous time to be meeting. But the developing situation in the Red Sea has sent oil prices spiking and Israel shows no signs of backing down after 100 days of war with Hamas.

Oxfam is making the most of the moment, using Davos as a hook for its annual report on global inequality. The charity says the first trillionaire could emerge within a decade as the world's five richest men have more than doubled their fortunes to $869 billion in the last three years. The wealth of the poorest 60% has fallen over that time.

The content we're consuming today

• CNBC: Overheard on trains to the World Economic Forum

• Bloomberg: The music industry needs a new growth story

• The Cut: How to talk about your salary with friends

Off-balance sheet items

• Here’s how to do that cool thing where you roll a poker chip around your fingers.

The bottom line