The WEF meeting is crucial because of its theme encompassing globalisation at the time of rising nationalism and trade war, and the fourth industrial revolution due to rapid strides being made in robotics and artificial intelligence.
The World Economic Forum's annual meeting would be held in Davos in 2004, but it is not certain if Davos would host the meeting in 2005.
The accelerating pace of digitalisation, fuelled by the COVID-19 pandemic, has led to a record-breaking year for cybercrime with ransomware attacks rising 151 per cent in 2021, and an average of 270 cyberattacks per organisation being faced, a new study showed on Tuesday. The World Economic Forum's 'Global Cybersecurity Outlook 2022', released during its online Davos Agenda summit, further said that each successful cyber breach cost a company $3.6 million (nearly Rs 27 crore) last year, while the average share price of the hacked company underperformed NASDAQ by nearly 3 per cent even six months after the event in case of the breach becoming public. The WEF said the global digital economy surged on the back of the COVID-19 pandemic, but so has cybercrime and nearly 80 per cent of cyber leaders now consider ransomware a 'danger' and 'threat' to public safety.
Under the tagline of 'India means business', the roundtable was attended by 40 CEOs of global companies and 20 from India.
Greenpeace activists forced a temporary shut down of Shell petrol pump near the WEF meeting venue in Davos this morning and called for the energy giant to be suspended from the influential annual global economic meet being held in Davos.
Soros, 94, in the recent past has spoken openly against Prime Minister Narendra Modi. The ruling BJP believe that he tried to interfere in Indian elections.
The task force will look at emerging markets, technology, regulatory and monetary policies, loss of trust in financial services, and financial inclusion.
Congress president Sonia Gandhi and Prime Minister Manmohan Singh will not be able to attend the annual World Economic Forum meeting to be held at Davos from January 24-28 next year.
The war in Ukraine has made its presence felt at the World Economic Forum's annual meeting in Davos. As political and business leaders' debate, they remain fearful of Europe's economic future. There is a sense of gloom among many business leaders as energy shortage and economic recession rear their heads. Global investors are keenly assessing the presence of Indian delegation at Davos.
It is a 'Make in India' lounge here at Davos for this year's WEF annual summit, in place of the famous 'India Adda' that has been frequented by Indian and other leaders to savour desi delicacies and do some networking.
For the first time, more than half of the CEOs surveyed by global consultancy PwC said they believe the rate of global GDP growth will decline. In comparison, the survey had found a record level of optimism among CEOs two years ago in 2018.
'The world wants India to succeed. It also worries now that India over-promises and under-delivers,' says Shekhar Gupta.
Maharashtra Chief Minister Vilasrao Deshmukh would be making a strong pitch for attracting foreign investment during a presentation at the World Economic Forum in Davos. Inviting global business leaders to invest in Maharashtra, Deshmukh would be making a presentation at the four-day WEF meet in Switzerland beginning on January 23, official sources said.
India has been ranked very low, mostly in the bottom half, globally on most of the parameters for inclusive growth and development even as it fares much better internationally when it come to business and political ethics.
The question is whether Prime Minister Modi can convince the world's investors that India is the ultimate investment destination of 2018, says Kanika Datta.
As the shadow of governance deficit and corruption back home threatened to lengthen behind the glorious Davos sun, India's image managers launched a spirited damage control exercise on the penultimate day of the World Economic Forum (WEF).
Pakistani Prime Minister Nawaz Sharif has cancelled his visit to WEF annual meeting after a deadly Taliban attack in his country.
Modi is the first Indian Prime Minister to attend Davos meeting in about 20 years since H D Deve Gowda in 1997.
The keynote address will be given by United States President Donald Trump
The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be attended by nearly 40 heads of government among more than 2,500 global leaders from over 100 countries.
At the meeting the Sharif said that all concerned ministries should ensure 'seamless coordination' to ensure steady supply of petrol in all parts of the country.
The superstar received the World Economic Forum's prestigious Crystal Award in Davos.
India and China continued to grow at reasonable rates even when several developed countries witnessed economic contraction.
There have been many efforts in the past to develop Mumbai into an IFC, while an expert group was also set up by the government years ago to study this possibility.
Key drivers of these risks can be arrested or reversed through building more inclusive societies, for which international cooperation and long-term thinking will be vital
As the WEF summit draws to a close on Saturday, a few big names from India including Mukesh Ambani and Anand Mahindra were missing in action while Pakistan Prime Minister Nawaz Sharif and Jordan's King Abdullah II were among global leaders who cancelled their trips at the last moment.
It is natural that the world wants to talk directly to India and the world wants to hear directly from the horse's mouth about India's policies and potential. It matters if you hear it from the leader: Modi
A city like Davos in India would give a big boost to tourism, development, jobs and overall economy
YouTuber Prajakta Koli announced her engagement to boyfriend Vrishank Khanal.
Fortunes of five richest men have more than doubled since 2020 and the world could have its first-ever trillionaire in just a decade while it would take more than two centuries to end poverty, rights group Oxfam said on Monday.
Several Congress leaders and social media users claimed that it was a 'teleprompter gaffe' as Prime Minister Modi had to pause and then restart his special address to the World Economic Forum's online Davos Agenda 2022 summit, but BJP leaders and many others pointed out that it was a technical glitch due to which the WEF people were not able to patch the PM and requested him to start again.
The richest one per cent in India now own more than 40 per cent of the country's total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on Monday. Releasing the India supplement of its annual inequality report on the first day of the World Economic Forum Annual Meeting in Davos, rights group Oxfam International said that taxing India's ten-richest at 5 per cent can fetch entire money to bring children back to school. "A one-off tax on unrealized gains from 2017-2021 on just one billionaire, Gautam Adani, could have raised Rs 1.79 lakh crore, enough to employ more than five million Indian primary school teachers for a year," it added.
Trump said America is "open to business" and competitive again.
Asia's richest man Gautam Adani, besides looking at opportunities to expand his vast empire, is hooked on ChatGPT - the programme that trawls vast amount of information to generate natural-sounding text on virtually anything - from crafting jokes to writing ad copy, debugging computer code, to even generating poems and essays. Adani, whose conglomerate has in recent years diversified from mines, ports and power plants into airports, data centres and defence, penned musing from his visit to Davos to attend the World Economic Forum meeting. "From a meetings perspective, this was perhaps my busiest WEF as I met over a dozen heads of states and several business leaders," he wrote on LinkedIn, talking of new geopolitical couplings, climate change and tight-lipped evangelists and AI.
Globalisation is a "double-edged" sword" but cannot be blamed for the world's problems, Chinese President Xi Jinping said on Tuesday while pushing for greater role for emerging economies in governance of global institutions.
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To a question on by when he expects investments to pick up, Jaitley said: "We are quite close to that point because there are a large number of investors who are waiting to come in and they only want to be doubly sure about the credibility of the decision making process and the stability of the policies."
Islamabad also summoned the Iranian charge d'affaires here and issued a strongly worded condemnation of Iran's "violation of its airspace", the Foreign Office said.
India will soon make available many more COVID-19 vaccines to other countries after two Made-In-India jabs have already been introduced to the world, Prime Minister Narendra Modi said on Thursday while emphasising the country's global responsibility in fighting the pandemic.
Over 2,500 global leaders in business and politics arrived in this Swiss resort on Wednesday to put their minds together on how best to support the fragile recovery following the worst economic crisis since the 1930s.
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