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Denmark reports drone sightings at military facilities as NATO warns Russia about violating airspace

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The Danish defense ministry said Saturday that “drones have been observed at several of Danish defense facilities.”

The new drone sightings overnight Friday into Saturday come after there were several drone sightings in the Nordic country earlier this week, with some of them temporarily shutting down Danish airports.

Several local media outlets reported that one or more drones were seen near or above the Karup Air Base, which is Denmark’s biggest military base.

The defense ministry refused to confirm the sighting at Karup or elsewhere and said that “for reasons of operational security and the ongoing investigation, the Defense Command Denmark does not wish to elaborate further on drone sightings.”

The ministry clarified later to public broadcaster DR that reports of additional drone activity at Skrydstrup Air Base and the Jutland Dragoon Regiment referred to sightings that didn’t occur overnight from Friday to Saturday. Its earlier statement seemed to imply that timing, and was widely reported.

The ministry couldn’t be reached immediately for confirmation, but a statement on its website referring to the incidents at the base and barracks was dated Thursday — though it didn’t directly confirm the sightings took place that day.

Anxiety and suspicion

Tensions have been running high in Denmark in recent days after various reports of drone activity, and hundreds of possible sightings reported by concerned citizens couldn’t officially be confirmed. Nonetheless, the public has been asked to report all suspicious activity to police.

On Saturday, DR and several other local media reported that in Karup, there were drones in the air both inside and outside the fence of the air base at around 8 p.m. on Friday, quoting Simon Skelkjær, the duty manager at the Central and West Jutland Police.

DR said that for a period of time, the airspace was closed to civil air traffic, but that didn’t have much practical significance as there is currently no civil aviation in Karup.

The repeated unexplained drone activity, including over four Danish airports overnight Wednesday into Thursday and a similar incident at Copenhagen Airport, has raised concerns about security in northern Europe amid suspected growing Russian aggression.

Flights were grounded in the Danish capital for hours on Monday night.

The goal of the flyovers is to sow fear and division, Danish Minister of Justice Peter Hummelgaard said Thursday, adding that the country will seek additional ways to neutralize drones, including proposing legislation to allow infrastructure owners to shoot them down.

For the upcoming European Union summit next week, the Denmark’s defense ministry said on X that the country’s government had accepted an offer from Sweden to “lend Denmark a military anti-drone capability,” without giving further details.

German reports drone sightings

In neighboring Germany, several drones were reported in the northern German state of Schleswig-Holstein, which borders Denmark, from Thursday into Friday night.

The state’s interior minister, Sabine Sütterlin-Waack, said that “the state police are currently significantly stepping up their drone defense measures, also in coordination with other northern German states,” German news agency dpa reported. She didn’t provide further details, citing the ongoing investigations.

German Interior Minister Alexander Dobrindt told reporters on Saturday afternoon that his ministry is working on new anti-drone rules that aim to detect, intercept and — if needed — also shoot down drones.

On Thursday, European defense ministers agreed to develop a “drone wall” along their borders with Russia and Ukraine to better detect, track and intercept drones violating Europe’s airspace.

German Chancellor Friedrich Merz said that in regard to frequent attacks on infrastructure and data networks, “we are not at war, but we are no longer living in peace either.” He didn’t allude to a certain country as the actor behind those attacks.

“Drone flights, espionage, the Tiergarten murder, massive threats to individual public figures, not only in Germany but also in many other European countries. Acts of sabotage on a daily basis. Attempts to paralyze data centers. Cyberattacks,” he added during a speech at the Schwarz Ecosystem Summit in Berlin on Friday, dpa reported.

What became known as the “Tiergarten murder” in Germany refers to the case of Vadim Krasikov, who was convicted of the Aug. 23, 2019, killing of Zelimkhan “Tornike” Khangoshvili, a 40-year-old Georgian citizen who had fought Russian troops in Chechnya and later claimed asylum in Germany. Krasikov was returned to Russia as part of a massive prisoner swap between the U.S. and Russia in 2024.

One of the six runways at Amsterdam’s Schiphol Airport was closed for about 45 minutes early Saturday afternoon after reports of a drone sighting around noon (1000 GMT), military police spokesman Doron Wallin told The Associated Press. Aircraft were redirected to another runway.

Wallin said no drone or drone pilot was found and the runway was reopened. He said that such reported sightings are a regular occurence, with 22 so far this year.

NATO discusses airspace violations

Later on Saturday, Adm. Giuseppe Cavo Dragone, the chair of NATO’s Military Committee, said at a NATO meeting in Riga, Latvia, that “Russian aircraft and drones, on top of the already existing measures will now find the resolute response of the newly established and already operational Eastern Sentry activity, which further strengthen NATO’s ability to react quickly and decisively against this kind of reckless behavior.”

“Russia bears full responsibility for these actions,” Dragone said. “Today, I express full and unequivocal solidarity with all allies whose airspace has been breached. The alliance’s response has been robust and will only continue to strengthen,” he said.

Latvian President Edgars Rinkēvičs said that “the immediate priority today is clearly air defense.”

“Russia continues a pattern of provocations, most recently recklessly violating the airspace of Poland and Estonia,” Rinkēvičs said.



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Davos 2026: reading the signals, not the headlines

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Davos 2026: reading the signals, not the headlines | Fortune

Louisa Loran advises boards and leadership teams on transformation and long-term value creation and currently serves on the boards of Copenhagen Business School and CataCap Private Equity. At Google, Louisa launched a billion-dollar supply chain solutions business, doubled growth in a global industry vertical, and led strategic business transformation for the company’s largest customers in EMEA—working at the forefront of AI, data, and platform innovation. At Maersk, she co-authored the strategy that redefined the brand globally and doubled its share price, helping pivot the company from traditional shipping to integrated logistics. Her career began in the luxury and FMCG space with Moët Hennessy and Diageo, where she built iconic brands and led innovation at the intersection of heritage and digital transformation.



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Hotels allege predatory pricing, forced exclusivity in Trip.com antitrust probe

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China’s hotels are welcoming record numbers of travelers, yet room rates are sinking—a paradox many operators blame on Trip.com Group Ltd.

For Gary Huang, running a five-room homestay in the scenic Huzhou hills near Shanghai was supposed to secure his family’s financial future. Instead, he and other hoteliers in China’s southeastern Zhejiang province say nightly rates have fallen to levels last seen more than a decade ago, as Trip.com’s frequent discount campaigns force them to cut prices simply to remain visible on China’s dominant booking platform.

“The promotion campaigns now are almost a daily routine,” said Huang, who asked to use his self-given English name out of concern of speaking out against Trip.com. “We have to constantly cut prices at least 15% to attract travelers. We have no choice but to go along with the price cuts.”

Trip.com has been central to China’s post-pandemic travel rebound, connecting millions of travelers with small operators like Huang. But for many hotels, visibility—and sometimes survival—comes at the expense of profits.

That dynamic is now at the heart of Beijing’s antitrust probe. Regulators allege Trip.com is abusing its market position, with analysts citing deflation across the sector as the government’s main concern. Interviews with lodging operators, industry groups and travel consultants describe a system where constant price-cutting and opaque policies are eroding profitability, even as demand rebounds.

Trip.com has said it’s cooperating with the government’s investigation. The company’s stock dove more 16% since the probe was announced a week ago. 

Revenue per room—a key hotel metric—was flat across China in 2025, even as other Asian markets saw gains, according to Bloomberg Intelligence. Marriott International Inc.’s revenue per room in China fell 1% most of last year, while Hilton’s China room revenue trailed its regional peers.

The company controls about 56% of China’s online travel market, according to China Trading Desk, and has grown into the world’s largest booking site. Its dominance has helped fuel domestic tourism’s recovery—nearly 5 billion trips were logged in the first three quarters of 2025—but operators say the benefits are being offset by falling room yields.

“The market has developed unevenly and innovation is lacking due to monopolistic practices,” said He Shuangquan, head of the Yunnan Provincial Tourism Homestay Industry Association that represents some 7,000 operators. “The entire online travel agency sector is stagnating in a pool of dead water.”

‘Pick-one-of-two’

The broader challenge is oversupply and cautious consumer spending. In regions like Yunnan, hotel capacity has tripled since the pandemic, just as travelers tightened budgets. Consultants note that while people are traveling more, they’re spending less—leaving hotels slashing rates to fill empty beds and posting billions in losses.

For operators like Huang, the paradox is stark: the platform that delivers customers is also accelerating the race to the bottom. The complaints center around Trip.com’s “er xuan yi,” Mandarin for pick-one-of-two exclusivity arrangements—a practice that Chinese regulators have repeatedly vowed to stamp out.

Trip.com categorizes merchants into tiers with “Special Merchants” enjoying the most visibility and traffic, Yunnan Provincial Tourism’s He said. However, these top-tier merchants are typically prohibited from listing on rival platforms like Alibaba’s Fliggy, ByteDance’s Douyin or Meituan. Merchants who aren’t bound by these exclusive arrangements report being effectively compelled to offer the lowest prices on Trip.com’s online booking platform Ctrip, or risk facing a raft of measures like lowered search rankings.



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CEOs at Davos are buying into the agentic AI hype

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Good morning. The atmosphere here at the World Economic Forum in Davos is all about nervous excitement as the Trump administration descends on the normally quaint but currently chaotic ski town in the Alps.

President Donald Trump will be making remarks just a couple hours from now, and Fortune will be reporting live from USA House on the main promenade, with insights from government officials and chief executives during and immediately following the president’s conversation. Keep an eye on our livestream, here https://fortune.com/2026/01/21/ceos-davos-buy-into-the-agentic-ai-hype/.

Elsewhere around town, CEOs are setting their agendas for the year. Here’s what’s top of mind for a few of them:

This will actually be the year of agentic AI. The first time I heard the term “agentic AI” was at Davos last year. For all the hype around it, does the average CEO really know what it is or how to deploy it? And is AI good enough yet for agents to replace or even significantly assist human employees? The answer appears to be yes. Google Gemini head Demis Hassabis told me that Gemini 3 achieved some milestones that allow agentic AI to truly proliferate in terms of its capabilities. ServiceNow CEO Bill McDermott is also an emphatic “yes,” and says he is already using it to do things like automate his IT department (without doing layoffs, he stresses; he says he has repurposed employees instead). He thinks other CEOs are ready to do the same.

Get ready for Google glasses—for real, this time. A decade ago, Google launched its Google Glass eyewear to widespread mockery. Hassabis thinks the timing was just off; at the time there was no super app to go on the platform. AI has changed that, and Hassabis is bullish on Gemini glasses being the future form for consumer AI. Meta is betting the same thing, and OpenAI is also reportedly considering a super-device, but it doesn’t seem like either can match Gemini’s capabilities any time soon.

There’s artificial intelligence, and now there’s also “energy intelligence.” Schneider Electric CEO Olivier Blum says that nailing energy intelligence is his mission this year. By that he means he wants to capture data from various energy sources into a single “data cube,” filter it, and use agentic AI so customers can manage it all in one place to find opportunities to save power and money. “Our job is to make sure we go to the next level of energy technology to make energy more intelligent,” he told me yesterday. If he can achieve it, he sees a 7%-10% annual growth opportunity ahead.

Greenland: national panic or national security risk? I’ve heard various reactions to President Trump’s desire for a full U.S. takeover of the huge islandfrom outrage to vigorous support. If he does get his wish (which some here think is likely), could Europe retaliate by making life harder and more restrictive for big U.S. tech companies? That was one CEO’s consideration. Said another: “Clear-eyed people can agree that that is a national security concern. And having a national security concern is not just a U.S. concern, it’s also a NATO concern.” They were optimistic that the in-person meetings this week would help move the matter in a positive direction. You can follow all our Davos coverage—including Fortune live interviews today with Ray Dalio, Dara Khosrowshahi and more—right here.—Alyson Shontell

Contact CEO Daily via Diane Brady at diane.brady@fortune.com

Top news

The crisis CEOs can’t ignore

The annual Edelman Trust Barometer, revealed at Davos every year, shows an “insular” mindset permeating the business world, with 70% of respondents not wanting to talk to, work for, or even be in the same space with anyone with a different world view. Richard Edelman says CEOs must adopt a sense of urgency in addressing the crisis; they need to sense that “time is running out.”

The Fortune 2026 World’s Most Admired Companies list

Fortune published the 2026 World’s Most Admired Companies this week, an annual ranking in collaboration with Korn Ferry that surveys executives, directors, and analysts across a range of industries. Apple made the top of the list among leaders in all industries for the 19th year in a row—read who else made the cut.

Netflix co-CEOs boost the case for the Warner Bros. deal

Netflix co-CEOs Ted Sarandos and Greg Peters praised the streaming company’s planned acquisition of Warner Bros. Discovery during its earnings call on Tuesday, selling the deal as a boost to its streaming business and a production boost for America. Investors, however, remain worried that the deal will push Netflix away from its core business, and the stock dropped almost 5% after hours.

The markets

S&P 500 futures are up 0.19% this morning. The last session closed down 2.06%. STOXX Europe 600 was down 0.41% in early trading. The U.K.’s FTSE 100 was down 0.02% in early trading. Japan’s Nikkei 225 was down 0.41%. China’s CSI 300 was up o.09%. The South Korea KOSPI was up 0.49%. India’s NIFTY 50 was down 0.3%%. Bitcoin was at $89K.

Around the watercooler

What Walmart’s CEO succession reveals about the smartest time to exit by Ruth Umoh

Americans are paying nearly all of the tariff burden as international exports die down, study finds by Jacqueline Munis

The 9 most disruptive deals of Trump’s first year back in the White House by Geoff Colvin

Gen Z’s nostalgia for ‘2016 vibes’ reveals something deeper: a protest against the world and economy they inherited by Nick Lichtenberg and Eva Roytburg

CEO Daily is compiled and edited by Joey Abrams, Claire Zillman and Lee Clifford.



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