Good morning and welcome back to the City AM liveblog. Yesterday Donald descended on Davos. In a wide-ranging address to the economic elite, President Trump scolded Europe, touted his own successes and doubled down on the “need” to acquire Greenland.

Rising tensions with the U.S. are spurring new plans in Europe to do something that has long seemed impossible: break with American technology in favor of homegrown alternatives.

Lammy told Nick Robinson that Trump's change of approach this week was a "consequence" of the UK making its position on the need to respect international law and the will of fellow Nato allies "absolu...