Davos, Jan. 22 -- US President Donald Trump on Thursday signed the charter to formally launch his "Board of Peace" initiative at the World Economic Forum (WEF) in Davos, describing it as a major step towards global conflict resolution.

Calling it a "very exciting day, long in the making", Trump said, "We're going to have peace in the world," and added, "And we're all stars."

In his opening remarks, Trump said, "Just one year ago the world was actually on fire, a lot of people didn't know it," but claimed "many good things are happening" and threats worldwide "are really calming down."

Trump, flanked by leaders from founding member countries, said his administration was "settling eight wars" and claimed that "a lot of progress" had been...