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Details of agreement are scant and US president has a tendency to back down and then relaunch a fight weeks laterDavos live – latest updatesThe outline deal struck by the Nato secretary general, Mark Rutte, and the US president, Donald Trump, late last night in Davos on stepping up the Nato presence in the Arctic, so long as it does not undermine the sovereignty of Greenland or Denmark, has been available to the US for some time, but will require new resources being devoted to the central task of monitoring Russian ship movements in the region.What remains in greater question is whether the deal will stick given Trump’s erratic behaviour and whether it gives the US president the access to Greenland’s critical minerals that he claims it does. The issue of a multi-billion dollar futuristic ‘Golden Dome’ defence shield partly housed in Greenland also remains unresolved. Continue reading...

Fisayo Che, the founder of fashion brand Elisamama, counted on Saks for more than half of her business. The company's bankruptcy has left her questioning a yearslong partnership.Courtesy of Fisayo CheFisayo Che founded Elisamama, a clothing brand that is sold at Saks Fifth Avenue.The retailer's parent company, Saks Global, filed for Chapter 11 bankruptcy and owes her six figures.Now, Che is struggling to trust her longtime partner and make up for the lost revenue.This as-told-to essay is based on a conversation with Fisayo Che, the founder of women's wear brand Elisamama. It's been edited for length and clarity. Business Insider has verified Che's statements, including the amount Saks owes, with documentation she provided.Saks Global filed in January for Chapter 11 bankruptcy protection, which allows it to continue operating while undergoing a court-supervised reorganization of its debt. In a statement, Saks said it is committed to "trusted relationships with brand partners," and that funding it secured through the bankruptcy will "facilitate go-forward payments to brand partners."Becoming a fashion designer was never a part of my vision board. When I founded Elisamama, I was still working a corporate job.I felt like I wanted to live a life of more meaning and purpose. My family is from Nigeria, and I spent time there growing up. I got the idea to start a brand that supports women artisans in the country.Elisamama is a women's wear and children's brand inspired by African artistry and prints. At first, I sold the clothing at flea markets; later, I listed on Etsy and promoted it on social media.Saks really gave my business a platform to grow. Now, it's going through bankruptcy and hasn't paid me for some of my inventory. I'm not sure how to trust the company going forward.From flea markets to Fifth AvenueIn the fall of 2020, someone found us on Instagram and, unbeknownst to me, dropped our name with a Saks buyer. When the department store initially reached out, I thought it was a scam, and I didn't respond. Then, a vice president from the company DM'd me on Instagram.I freaked out and was very scared. I thought: How are we going to do this? I even told them I needed time to figure it out because I didn't want to mess up this opportunity.Saks really walked alongside us, gave us guidance, and helped us dip our toes slowly into its world. It was rapid-fire learning, trying to understand all the vendor requirements, including shipping and routing guidelines.We hired more artisans in Nigeria. We beefed up our production. We worked on our supply situation. Everybody was winning; it helped us help other people grow their own businesses.In 2023, Saks selected us to join its New Wave program for emerging designers. We came to New York, connected with industry experts and the press, and the company gave us a grant.At the end, we had our products placed in the window at Saks' flagship store in New York. That was a remarkable moment for me and my team in Nigeria, who are so proud of this work. It was nothing that I could even have imagined for Elisamama.The exposure it gave us was significant and gave us confidence.We signed with a showroom and started selling in retailers like Shopbop, Tuckernuck, and several specialty boutiques. Things were ramping up, and the more I did this work, the more joy I found in it. In 2024, I left my corporate job.Elisamama was featured in Saks Fifth Avenue's window display in 2023.Courtesy of Fisayo CheHow a great partner broke my trustSaks has been a great partner to us. It has placed orders with us every season since 2020. It's 50% or 60% of our business.The problems started in February of last year, when Saks sent vendors a memo about paying in installments. Prior to that, we were consistently paid on the agreed-upon payment terms.I thought: We can wait a few months to get paid. They're important…

Left to right: Ole Olsvig, Tupaarnaq Kleist, Casper Frank Møller.Ole Olsvig, Mark Adam Miller, Raw ArcticPresident Donald Trump referred to Greenland as a "piece of ice" during his speech at Davos 2026.Three Greenland residents told Business Insider that it is more than just a "piece of ice" to be commoditized.They spoke about Greenland's distinct culture, self-governance, and beautiful nature.For over 56,000 people, Greenland is far more than a "piece of ice" — it's home.That's what three residents of Greenland told Business Insider on Wednesday after President Donald Trump repeatedly referred to the island as a "piece of ice" and called it "Iceland" on several occasions during a speech to World Economic Forum attendees at the Davos Conference.On one occasion, Trump took a more complimentary tone and referred to the autonomous territory of Denmark as a "big, beautiful piece of ice." He added that the US "alone can defend this giant piece of ice," calling it a "core national security interest."Trump isn't the first US president to want to acquire Greenland. In fact, the US has been discussing it since the 19th century. However, residents across Greenland — in the south, the north, and the capital — told Business Insider they don't appreciate Trump's rhetoric. The White House did not respond to a request for comment from Business Insider. Greenland is viewed as just an asset"Just calling Greenland a 'piece of ice' is so inaccurate," 32-year-old Ole Olsvig told Business Insider. Olsvig, an entrepreneur and tourist guide in Qaarsut in North Greenland, called the rhetoric "outrageous," "disrespectful," and "commoditizing."Ole Olsvig is an entrepreneur and tourist guide in Qaarsut in North Greenland.Ole OlsvigTechnically, about 80% of Greenland is covered by a giant ice sheet. That's not what concerns Olsvig, though; it's what the remarks imply.It erases people and implies disposability, he said. "Greenland is like being treated as an asset, not a society of people."Trump has spoken of acquiring Greenland since his first presidential term. In his Davos speech on Wednesday, he called for "immediate negotiations" about the US taking control of Greenland, saying, "We need it for strategic, national security, and international security.""We're not for sale," Tupaarnaq Kreutzmann Kleist, a sheep farmer who lives in Qassiarsuk in South Greenland, told Business Insider.She added that she thinks Trump wants Greenland for more than just national security reasons — he also wants access to Greenland's trove of natural resources."We have very strict rules in the mining industry, which is good. So even though he really wants to buy Greenland, it's not just like a place he can just buy and then make a mine," she said.Greenland has its own cultureTupaarnaq Kleist is a sheep farmer in Greenland.Mark Adam MillerAnother point of contention among Greenlanders is that Trump's portrayal of Greenland as a "piece of ice" ignores the territory's rich and distinct culture.Greenland has its own official language, self-governance, and cultural practices, including hunting, fishing, and sled dogs, Olsvig said. "Greenland isn't just a blank map."Kleist added, "We're not becoming part of America," despite Trump's wishes.Greenlanders call that 'piece of ice' homeThe attention Greenland has gotten on the world stage has had some positive effects, said 28-year-old Casper Frank Møller, the CEO and cofounder of Greenland tourist company Raw Arctic, which is based in Nuuk.For example, his company saw a surge in interest from tourists at the start of 2025 when Trump re-raised the topic of acquiring Greenland.Casper Frank Møller, CEO and cofounder of Raw Arctic.Raw ArcticHowever, Møller said that the…

Big time football — like this month's college football championship — is the most dominant force in American culture. It won't always be that way, writer Chuck Klosterman argues in his new book.Set Number: X164821 TK1Are you ready for some football?Trick question: America is always ready for more football. It's an appetite without end.But writer Chuck Klosterman, who just devoted a book to the sport, says football's dominance will ultimately be its undoing.The notion that football is the biggest force in American culture and entertainment is so ingrained and obvious that it almost seems like something not worth mentioning.Chuck Klosterman feels otherwise: The pop culture writer just devoted an entire book to the sport, and its meaning and importance.But Klosterman also argues that football won't always be the main thing — and that its overwhelming size and scale will be the thing that eventually undermines it.I talked to Klosterman about all of that, as well as topics like the impact of video games on the sport, and why he thinks paying college football players is good for now, and really damaging in the long run. You can hear our entire conversation on my Channels podcast. What follows are edited excerpts from our chat.Peter Kafka: What is the point of a book called "Football" in 2026?Chuck Klosterman: I have been obsessed with sports and football my entire life. And probably 20 years ago, I made an unspoken, abstract decision — at some point, I want to do a book that's just about sports. My initial idea was that it was going to be about basketball, but I realized that's crazy: If you're writing about something that's part of the culture, football is the sport. It's the only one.If someone said to you, "Explain the last half of the 20th century through some idea, some metaphor," football is the thing to pick. It might not be the case for the 21st century, but it is for the end of the 20th century. And it is for the world we live in right now.One of the big changes in sports — and definitely in football — recently is the legalization of sports betting. It's omnipresent. You seem ambivalent-to-positive about it, which is not where I thought you'd end up.CHUCK: Do I think that gambling in this legalized way is bad for society? I would say probably, for all of the predictable reasons — particularly because it's on your phone and you've put your [financial information] in, so the money does not seem real. Even if it was just a situation where you had to feed dollar bills into it, everything would change.You're taking something that's addictive for some people and marrying it to your phone, which is also addictive for some people. It seems like an obvious way to get in trouble.CHUCK: But for football, it is good.Because it adds a different context for conversation about it. When I have a conversation with other dads, we'll talk about sports a lot, and then there'll be this other conversation. About gambling. We're still technically talking about football, but this is a whole different thing. It has a different context, a different meaning. It says more about the person.Some could argue that it's a weird argument for gambling being good. But if we look at football as a form of entertainment, a distraction, something to consume, to occupy yourself — I think gambling does make it more interesting.This is the pitch from the entire sports gambling industry — it improves the game, it adds stakes, it makes it more interesting. You seem to agree.Certainly there are people who feel that way. I think a lot of people I know who do a lot of gambling, they have a sort of mixed feelings about it — I think it does bother them that suddenly the game seems meaningless if they're not gambling on it.But for me, as somebody who doesn't really put money into it, I find it a fascinating…