The United States will leave the World Health Organization, President Donald Trump said on Monday, saying the global health agency had mishandled the COVID-19 pandemic and other international health crises.

The President's first international address of his second term will take place virtually at the World Economic Forum.

Even as the US has pulled out from the World Health Organization, Serum Institute of India (SII) chief Adar Poonawalla on Thursday said that the UN health agency's role is essential in global health systems.

A number of leaders are skipping this week’s World Economic Forum in Davos, including Indian Prime Minister Narendra Modi and Chinese President Xi Jinping.

One of the world's biggest global health funders will ask the private sector for a steep increase in donations as concern of a shortfall in government contributions grows following a U.S. decision to exit the World Health Organization.

Ukrainian President Volodymyr Zelenskyy speaks with CNBC's Andrew Ross Sorkin at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. The World Economic Forum officially began on Monday, but it's Tuesday when the event really kicks off.

DAVOS, Switzerland - U.S. President Donald Trump told business leaders gathered at the World Economic Forum in Davos, Switzerland, on Thursday that he is working to reverse inflation and illegal immigration while boosting fossil fuels production in the United States.

Trump has signed executive orders to withdraw the U.S. from the World Health Organization and the Paris climate agreement since he took office.