UN chief drops out of Davos after coming down with a cold

UN Secretary-General Antonio Guterres canceled his appearance at the World Economic Forum in Davos due to illness, missing a key global summit. EU Commission President Ursula von der Leyen announced that the EU and India are close to finalizing a major free trade agreement, calling it potentially historic. The proposed EU-India trade deal would create a market of 2 billion people and cover goods, services, and investment, aiming to deepen economic ties and diversify trade partnerships.