India is making a strong business pitch at the World Economic Forum in Davos, sending its largest ever delegation with central leaders and representatives from ten Indian states wooing global investors amid a shifting global economic landscape.


Davos 2026: International delegates and media to register for World Economic Forum

Davos 2026: Kerala At Global Stage | World Economic Forum 2026

Davos 2026: Team WION At World Economic Forum In Davos To Bring Latest Insights

India is making a strong business pitch at the World Economic Forum in Davos, sending its largest ever delegation with central leaders and representatives from ten Indian states wooing global investors amid a shifting global economic landscape.

India Sends Largest Delegation to WEF Davos 2026 | World Business Watch

The World Economic Forum Annual Meeting begins today in Davos-Klosters, with more than 3,000 leaders from over 130 countries gathering for five days of high-level discussions.

Davos 2026 To Begin, As 3,000 Global Leaders Set To Gather For World Economic Forum

From climate-resilient farming to food innovation and future skills.
Kerala is building sustainable agriculture value chains and a global-ready workforce.

World Economic Forum 2026: Kerala's Sustainable Agriculture Potential at Davos 2026 

The World Economic Forum Annual Meeting begins in Davos-Klosters from January 19 to 23, bringing together over 3,000 leaders from more than 130 countries for five days of high-stakes global discussions.

US President Donald Trump is set to address the forum on Wednesday, placing the USA House firmly in the spotlight. Ukrainian President Volodymyr Zelensky will speak earlier in the week.


Davos 2026: Trump, Zelenskyy In Focus As 3,000 Global Leaders Gather For WEF

Japan ranked 118th out of 148 countries in the World Economic Forum's (WEF) 2025 Global Gender Gap Report, maintaining the same position as last year.


Japan's women lawmakers, including PM Takaichi call for more restrooms in parliament

US President Donald Trump delivered virtual remarks to the World Economic Forum meeting in Davos. During his address, Trump tells business leaders that he wants to reverse inflation, and cut taxes. Watch this report for more details!

Davos Summit 2025: Trump vows to reverse inflation, cut taxes

US President Donald Trump delivered virtual remarks to the World Economic Forum meeting in Davos. During his address, Trump tells business leaders that he wants to reverse inflation, and cut taxes. Watch in!

US President Donald Trump speaks at World Economic Forum

Donald Trump delivers virtual address at World economic forum

US President Donald Trump will make an online appearance at the World Economic Forum in Davos, addressing global elites amid mixed reactions to his second term. Watch this report for more details!

US President Donald Trump to virtually address the World Economic Forum

US President Donald Trump to join World Economic Forum virtually

Ukrainian President Volodymyr Zelensky took part in the World Economic Forum (WEF) at Davos. During his address at the event, Zelensky said that 'Europe must shape its history'.

'America's focus must shift to Europe', Says Zelensky at WEF

As the World Economic Forum (WEF) 2025 kicks off in Davos, Switzerland, all eyes are on former U.S. President Donald Trump, whose virtual address on January 23 is expected to steal the spotlight. However, India’s corporate presence at this year’s forum seems notably subdued, with key business leaders skipping the event. Watch to know more!

Donald Trump Overshadows World Economic Forum 2025, Top Business Leaders Give Davos A Miss

Global leaders pointed out that the escalating <a href="https://www.wionews.com/tags/armed-conflicts" rel="dofollow">armed conflict</a> is the most urgent threat in 2025, however, the climate emergency is expected to cause the greatest concern over the next decade, according to the World Economic Forum (WEF).&nbsp;
The WEF asked more than 900 leaders from business, politics, and academia about the risks that most concern them.&nbsp;
The report identifies and analyses the most crucial risks across immediate, short, and long-term horizons, aiming to equip leaders with foresight to address emerging challenges.&nbsp;
Also read: <a href="https://www.wionews.com/world/world-economic-forum-wef-report-78-million-new-jobs-added-by-2030-led-by-ai-big-data-and-cybersecurity-8602988" rel="dofollow">WEF report: 78mn new jobs to be added by 2030, led by AI, big data and cybersecurity</a>
Notably, 23 per cent of respondents feared "state-based armed conflict" ahead of next year, as the Russia-Ukraine war continues and other major deadly clashes continue, including in Sudan and Gaza.&nbsp;
Moreover, in line, "extreme weather events" is the second most common risk, highlighted for 2025, singled out by 14 per cent of respondents.&nbsp;
This comes as devastating wildfires have engulfed Log Angeles, leading to the evacuation of millions of people.&nbsp;
Also read: <a href="https://www.wionews.com/world/wef-warns-disinformation-may-pose-risk-to-elections-around-the-world-678752" rel="dofollow">WEF warns AI-driven disinformation may pose risk to elections around the world</a>
A series of dramatic floods, droughts, and fires raged through last year, underlining the impact of the climate crisis on weather patterns.&nbsp;
According to the scientists' findings, global heating makes such events more likely, and in many cases, it makes them extreme.&nbsp;
Gim Huay Neo, the WEF&rsquo;s managing director, said, &ldquo;The climate and nature crisis requires urgent attention and action. In 2024, annual global warming reached a record 1.54C above the preindustrial average, with many parts of the world experiencing unprecedented, catastrophic weather events.&rdquo;
Also read: <a href="https://www.wionews.com/world/number-of-children-killed-due-to-armed-conflicts-tripled-in-one-year-un-732928" rel="dofollow">Number of children killed due to armed conflicts tripled in one year</a>
Further, two concerns related to technological innovation were next on the list of threats, "misinformation and disinformation&rdquo;, followed by &ldquo;adverse outcomes of AI technologies&rdquo;.
Other leading short-term risks include extreme weather events, societal polarisation, cyber-espionage, and warfare.
Moreover, over half of respondents expected some instability within two years, which shows the widespread fracturing of international cooperation.&nbsp;
(With inputs from agencies)

World, trending: 23 per cent of respondents feared "state-based armed conflict" ahead of next year, as the Russia-Ukraine war continues and other major deadly clashes continue.

Global leaders pointed out that the escalating armed conflict is the most urgent threat in 2025, however, the climate emergency is expected to cause the greatest concern over the next decade, according to the World Economic Forum (WEF). The WEF asked more than 900 leaders from business, politics, and academia about the risks that most concern them. The report identifies and analyses the most crucial risks across immediate, short, and long-term horizons, aiming to equip leaders with foresight to address emerging challenges. Also read: WEF report: 78mn new jobs to be added by 2030, led by AI, big data and cybersecurity Notably, 23 per cent of respondents feared "state-based armed conflict" ahead of next year, as the Russia-Ukraine war continues and other major deadly clashes continue, including in Sudan and Gaza. Moreover, in line, "extreme weather events" is the second most common risk, highlighted for 2025, singled out by 14 per cent of respondents. This comes as devastating wildfires have engulfed Log Angeles, leading to the evacuation of millions of people. Also read: WEF warns AI-driven disinformation may pose risk to elections around the world A series of dramatic floods, droughts, and fires raged through last year, underlining the impact of the climate crisis on weather patterns. According to the scientists' findings, global heating makes such events more likely, and in many cases, it makes them extreme. Gim Huay Neo, the WEF’s managing director, said, “The climate and nature crisis requires urgent attention and action. In 2024, annual global warming reached a record 1.54C above the preindustrial average, with many parts of the world experiencing unprecedented, catastrophic weather events.” Also read: Number of children killed due to armed conflicts tripled in one year Further, two concerns related to technological innovation were next on the list of threats, "misinformation and disinformation”, followed by “adverse outcomes of AI technologies”. Other leading short-term risks include extreme weather events, societal polarisation, cyber-espionage, and warfare. Moreover, over half of respondents expected some instability within two years, which shows the widespread fracturing of international cooperation. (With inputs from agencies)

'Armed conflict' most urgent threat for world in 2025: WEF

Artificial intelligence is rapidly transforming the global job market, with the World Economic Forum's (WEF) Future of Jobs Report 2025 highlighting both opportunities and challenges.
Based on insights from over 1,000 employers across 55 economies, the report predicts significant job creation alongside widespread displacement.
While half of all employers plan to restructure their operations around AI, 40 per cent expect to reduce their workforce in roles that can be automated. Clerical and secretarial positions, such as administrative assistants, ticket clerks, and cashiers, are among those most vulnerable to automation in the coming years.&nbsp;
Also Read | <a href="https://www.wionews.com/world/world-economic-forum-wef-report-78-million-new-jobs-added-by-2030-led-by-ai-big-data-and-cybersecurity-8602988">WEF report: 78mn new jobs to be added by 2030, led by AI, big data and cybersecurity</a>
<h2>Growing demand for human-centric roles &nbsp;</h2>
Despite these challenges, industries requiring human oversight and expertise are set to thrive. Sectors like delivery, construction, food processing, and farming are projected to expand. Additionally, roles in the care economy&mdash;including nursing, social work, and personal care&mdash;will grow as these professions demand an irreplaceable human touch.&nbsp;
<h2>Urgency of upskilling for the future &nbsp;</h2>
The WEF warns that 39 per cent of current skills will become outdated by 2030, emphasising the need for workers to adapt. While this marks an improvement from the pandemic&rsquo;s peak of 57 per cent, it underscores the growing demand for proficiency in AI, big data, and software development.
Also Read | <a href="https://www.wionews.com/trending/lt-chairmans-work-90-hours-a-week-remark-sparks-meme-fest-online-8618052#google_vignette">'Stare at someone else's wife...': L&amp;T chairman's work '90 hours a week' remark sparks meme fest online</a>
IT specialists in robotics, autonomous systems and renewable energy technologies are poised to excel in this evolving landscape.&nbsp;
<h2>Economic pressures add complexity &nbsp;</h2>
The report also highlights broader challenges reshaping global labour markets. Rising costs of living could eliminate 1.6 million jobs, while trade restrictions and economic hurdles may further strain workforce dynamics. However, many lost roles are expected to be replaced as industries adapt.&nbsp;Despite the disruptions, the WEF projects a net increase of 78 million jobs globally by 2030.&nbsp;

World | Trending | Business & Economy: Based on insights from over 1,000 employers across 55 economies, the report predicts significant job creation alongside widespread displacement.

Artificial intelligence is rapidly transforming the global job market, with the World Economic Forum's (WEF) Future of Jobs Report 2025 highlighting both opportunities and challenges. Based on insights from over 1,000 employers across 55 economies, the report predicts significant job creation alongside widespread displacement. While half of all employers plan to restructure their operations around AI, 40 per cent expect to reduce their workforce in roles that can be automated. Clerical and secretarial positions, such as administrative assistants, ticket clerks, and cashiers, are among those most vulnerable to automation in the coming years. Also Read | WEF report: 78mn new jobs to be added by 2030, led by AI, big data and cybersecurity Growing demand for human-centric roles Despite these challenges, industries requiring human oversight and expertise are set to thrive. Sectors like delivery, construction, food processing, and farming are projected to expand. Additionally, roles in the care economy—including nursing, social work, and personal care—will grow as these professions demand an irreplaceable human touch. Urgency of upskilling for the future The WEF warns that 39 per cent of current skills will become outdated by 2030, emphasising the need for workers to adapt. While this marks an improvement from the pandemic’s peak of 57 per cent, it underscores the growing demand for proficiency in AI, big data, and software development. Also Read | 'Stare at someone else's wife...': L&T chairman's work '90 hours a week' remark sparks meme fest online IT specialists in robotics, autonomous systems and renewable energy technologies are poised to excel in this evolving landscape. Economic pressures add complexity The report also highlights broader challenges reshaping global labour markets. Rising costs of living could eliminate 1.6 million jobs, while trade restrictions and economic hurdles may further strain workforce dynamics. However, many lost roles are expected to be replaced as industries adapt. Despite the disruptions, the WEF projects a net increase of 78 million jobs globally by 2030.

39 per cent of job skills to be outdated by 2030, warns WEF

The World Economic Forum monitors the ever-evolving landscape of trade & economy. At the recently concluded Riyadh summit 2024, WION’s business editor Rahul Karunakar spoke to Matthew Stephenson, head of investment & services, WEF on the emerging tech & geo-economic shifts around the world. Listen in…

‘3 Major Shifts: Geo-economic, Tech & Green Energy’: WION’s Exclusive With Head Of Investment, WEF

Pakistan has hit the bottom of the World Economic Forum (WEF) Global Gender Gap Index, second only to Sudan. As per the 2024 Global Gender Gap Index released last month, Pakistan ranks 145 on a list of 146 nations.&nbsp;

<h2>Falling rank</h2>

In the latest Global Gender Gap Index, Pakistan has fallen from the 142nd rank last year to 145th this year, indicating a worsening situation for women.

Women's rights activists in Pakistan, as reported by Dawn, have called for a renewed commitment from both the state and society to address gender disparity and redefine the societal roles assigned to women.&nbsp;

"It's not the issue of this year only. Pakistan’s position has been dismal since I have been seeing this index for the last 15, 16 years. Our country has been having almost the same position with a little difference," said Bushra Khaliq, the executive director of the Women in Struggle for Empowerment (WISE).

Also read |&nbsp;<a href="https://www.wionews.com/south-asia/pakistans-bilawal-bhutto-admits-february-elections-were-not-transparent-738375">Pakistan's Bilawal Bhutto admits February elections were 'not transparent'</a>

She noted some improvement in political representation because of reserved quotas for women but said, "These women mostly come from the high-profile political families or big cities".

<h2>WEF's Global Gender Gap Index</h2>

Every year, the WEF index evaluates gender parity across four dimensions: economic participation and opportunity, educational attainment, health and survival, and political empowerment.&nbsp;

Pakistan, as per the report, has performed worse than its neighbours India and Bangladesh. Overall, Bangladesh ranks 99th, and India ranks 129th.&nbsp;

Pakistan's performance dimension-wise&nbsp;compared to its neighbours:&nbsp;

- Economic participation and opportunity: Pakistan is ranked 143rd, while India and Bangladesh are slightly better at 142nd and 146th, respectively.

- Educational attainment: Pakistan stands at 139th, with India at 112th and Bangladesh at 125th.

- Health and survival: Faring better than India but worse than Bangladesh, Pakistan is at 132nd. Meanwhile, India is at 142nd and Bangladesh at 129th.

- Political empowerment: Pakistan ranks 112th, with India at 65th and Bangladesh at 7th.

Also read |&nbsp;<a href="https://www.wionews.com/world/pakistan-plans-comprehensive-social-media-ban-for-muharram-738484">Pakistan plans comprehensive social media ban for Muharram</a>

"Compared to 2023, the economy loses three ranks and 0.53 percentage points on its overall score, largely driven by regressions in the Political Empowerment dimension, yet partially offset by a small score improvement in Educational Attainment," says the WEF report.

"The low performance reflects substantive gender gaps in economic and political parity, as well as a lag in both the Educational Attainment and Health and Survival subindexes, where most economies are at parity," it adds".

(With inputs from agencies)

Pakistan has hit the bottom of the World Economic Forum (WEF) Global Gender Gap Index, second only to Sudan. As per the 2024 Global Gender Gap Index released last month, Pakistan ranks 145 on a list of 146 nations.

Pakistan has hit the bottom of the World Economic Forum (WEF) Global Gender Gap Index, second only to Sudan. As per the 2024 Global Gender Gap Index released last month, Pakistan ranks 145 on a list of 146 nations. Falling rank In the latest Global Gender Gap Index, Pakistan has fallen from the 142nd rank last year to 145th this year, indicating a worsening situation for women. Women's rights activists in Pakistan, as reported by Dawn, have called for a renewed commitment from both the state and society to address gender disparity and redefine the societal roles assigned to women. "It's not the issue of this year only. Pakistan’s position has been dismal since I have been seeing this index for the last 15, 16 years. Our country has been having almost the same position with a little difference," said Bushra Khaliq, the executive director of the Women in Struggle for Empowerment (WISE). Also read | Pakistan's Bilawal Bhutto admits February elections were 'not transparent' She noted some improvement in political representation because of reserved quotas for women but said, "These women mostly come from the high-profile political families or big cities". WEF's Global Gender Gap Index Every year, the WEF index evaluates gender parity across four dimensions: economic participation and opportunity, educational attainment, health and survival, and political empowerment. Pakistan, as per the report, has performed worse than its neighbours India and Bangladesh. Overall, Bangladesh ranks 99th, and India ranks 129th. Pakistan's performance dimension-wise compared to its neighbours: - Economic participation and opportunity: Pakistan is ranked 143rd, while India and Bangladesh are slightly better at 142nd and 146th, respectively. - Educational attainment: Pakistan stands at 139th, with India at 112th and Bangladesh at 125th. - Health and survival: Faring better than India but worse than Bangladesh, Pakistan is at 132nd. Meanwhile, India is at 142nd and Bangladesh at 129th. - Political empowerment: Pakistan ranks 112th, with India at 65th and Bangladesh at 7th. Also read | Pakistan plans comprehensive social media ban for Muharram "Compared to 2023, the economy loses three ranks and 0.53 percentage points on its overall score, largely driven by regressions in the Political Empowerment dimension, yet partially offset by a small score improvement in Educational Attainment," says the WEF report. "The low performance reflects substantive gender gaps in economic and political parity, as well as a lag in both the Educational Attainment and Health and Survival subindexes, where most economies are at parity," it adds". (With inputs from agencies)

Pakistan's 'fall from grace' in Global Gender Gap Index; ranks 145th among 146 nations

The World Economic Forum in Riyadh is grappling with a complex challenge: Ensuring energy security for all while transitioning to a greener future. Nearly 800 million people globally lack access to basic electricity.

World Economic Forum focuses on energy security & access

Speaking about where New Delhi stands amid the US-China chip wars at the World Economic Forum’s (WEF) annual meeting, the Indian Information Technology Minister Ashwini Vaishnaw, on Wednesday (Jan 17) said that it is not a battle since there is enough for everyone and how the semiconductor industry will evolve in several ways.&nbsp;

<h2>‘Trust is our biggest capital’</h2>

In response to a question about how India will navigate through the&nbsp;chip war between the US and China, Vaishnaw said that the world has developed a certain trust in New Delhi because of how the country has conducted itself, in terms of economic and foreign policies, on the international stage.&nbsp;

“Trust is our biggest capital. That trust gels the entire world into a harmonious way,” said the IT minister during a roundtable discussion at the gathering of global leaders in Davos, Switzerland.&nbsp;

WATCH |&nbsp;Decoding the hypocrisy of global elite at Davos

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/decoding-the-hypocrisy-of-global-elite-at-davos-679816/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

He also spoke about how India has signed agreements with several countries including the US, Japan and some countries in Europe on semiconductors, adding that New Delhi is also working with the South Korean government and companies.&nbsp;

“It’s like practically every company wants to collaborate with India in one way or another,” said Vaishnaw. He added, “So we don’t think it’s a battle, we think there is enough for everybody.”

ALSO READ |&nbsp;<a href="https://www.wionews.com/business-economy/alibaba-cancels-cloud-computing-spinoff-amid-us-china-chip-war-659601">Alibaba cancels cloud computing spinoff amid US-China chip war&nbsp;</a>

The US restricts certain chip exports, to countries such as China, Iran and Russia in a bid to prevent the development of machine learning models that power Artificial Intelligence tools.

<h2>Industry will evolve and so will we: Vaishnaw</h2>

Speaking about how dynamic and ever-changing the semiconductor industry is, he said it is not easy to predict what changes will happen in the next 10 years. “It’s something which is too complex and too dynamic and too uncertain for anyone to bet that this is how the sector will be.”&nbsp;

He went on to give an example of how five years ago no one thought that 28-nanometre or 40-nanometre chips would not be viable anymore but the way that the electric vehicle industry has evolved, those “legacy nodes” have become important.&nbsp;

ALSO READ |&nbsp;<a href="https://www.wionews.com/business-economy/us-leads-global-public-distrust-in-innovation-survey-unveils-concerns-ahead-of-davos-summit-680080">US leads global public distrust in innovation, survey unveils concerns ahead of Davos Summit</a>

The IT minister also said that New Delhi’s “biggest priority” is on design and it is also the country’s strength given that we have around 300,000 design engineers who “practically” design every complex chip manufactured across the world and asserted that India&nbsp;is the right place to develop the semiconductor industry.&nbsp;

(With inputs from agencies)

Speaking about where New Delhi stands amid the US-China chip wars at the World Economic Forum’s (WEF) annual meeting, the Indian Information Technology Minister Ashwini Vaishnaw, on Wednesday (Jan 17) said that it is not a battle since there is enough for everyone and how the semiconductor industry will evolve in several ways.

Speaking about where New Delhi stands amid the US-China chip wars at the World Economic Forum’s (WEF) annual meeting, the Indian Information Technology Minister Ashwini Vaishnaw, on Wednesday (Jan 17) said that it is not a battle since there is enough for everyone and how the semiconductor industry will evolve in several ways. ‘Trust is our biggest capital’ In response to a question about how India will navigate through the chip war between the US and China, Vaishnaw said that the world has developed a certain trust in New Delhi because of how the country has conducted itself, in terms of economic and foreign policies, on the international stage. “Trust is our biggest capital. That trust gels the entire world into a harmonious way,” said the IT minister during a roundtable discussion at the gathering of global leaders in Davos, Switzerland. WATCH | Decoding the hypocrisy of global elite at Davos He also spoke about how India has signed agreements with several countries including the US, Japan and some countries in Europe on semiconductors, adding that New Delhi is also working with the South Korean government and companies. “It’s like practically every company wants to collaborate with India in one way or another,” said Vaishnaw. He added, “So we don’t think it’s a battle, we think there is enough for everybody.” ALSO READ | Alibaba cancels cloud computing spinoff amid US-China chip war The US restricts certain chip exports, to countries such as China, Iran and Russia in a bid to prevent the development of machine learning models that power Artificial Intelligence tools. Industry will evolve and so will we: Vaishnaw Speaking about how dynamic and ever-changing the semiconductor industry is, he said it is not easy to predict what changes will happen in the next 10 years. “It’s something which is too complex and too dynamic and too uncertain for anyone to bet that this is how the sector will be.” He went on to give an example of how five years ago no one thought that 28-nanometre or 40-nanometre chips would not be viable anymore but the way that the electric vehicle industry has evolved, those “legacy nodes” have become important. ALSO READ | US leads global public distrust in innovation, survey unveils concerns ahead of Davos Summit The IT minister also said that New Delhi’s “biggest priority” is on design and it is also the country’s strength given that we have around 300,000 design engineers who “practically” design every complex chip manufactured across the world and asserted that India is the right place to develop the semiconductor industry. (With inputs from agencies)

‘We don’t think it’s a battle’: Indian IT minister about US-China chip war at Davos

The global elite gather at Davos for the World Economic Forum (WEF) summit against the most complex backdrop so far.&nbsp;

The theme this year is 'rebuilding trust', which will focus on the increasingly fractured world.&nbsp;

Geopolitical tensions, the rise of Artificial Intelligence, the ongoing economic slowdown and the climate emergency will be the top discussion points, when global leaders meet from January 15th&nbsp;to the 19th. &nbsp;

President Borge Brende expects much of this year's focus to be high-level diplomatic talks on the wars in Ukraine and West Asia. &nbsp;

“We will make sure that we bring together the right people ... To see how we can solve this very challenging world,” Brende said. &nbsp;

The annual meeting gives insight to the minds of global leaders, who decide the social, political and economic trajectories of their countries. &nbsp;

Yet, the Davos summit continues to attract criticism for being an ‘elite’ talking shop, disconnected to the grim realities of the outside world. &nbsp;&nbsp;

To begin with, the annual meeting remains a 'by invitation only' event. &nbsp;

World Economic Forum members can attend the event for free. But membership rates start from $69,000 and reach up to $600,000 for the corporate world. &nbsp;

That is not all. Estimates peg the cost of travel and stay at over $300,000 for the week, something the general public cannot afford. &nbsp;

Visuals of many attendees jet-setting to the meeting – many of them talk about climate change and sustainability – have attracted criticism. Last year, Greenpeace activists slammed attendees for the “distasteful master class in hypocrisy”. &nbsp;

The summit ends up being a holiday tour for the elite, with negligible returns.&nbsp;

For over a decade now, every Davos meeting raises one big question - is the annual summit losing relevance as the world turns more uncertain?&nbsp;

The war in Ukraine has dominated the last two World Economic Forum meetings, with very little change to the situation. &nbsp;

Ukraine President Volodymyr Zelensky is again expected to make a speech. But it is unclear if any Russian officials would attend.&nbsp;

On the economic front, the event has continued amid the COVID-19 pandemic, economic slowdown &amp; sky-rocketing inflation.&nbsp;

In the same period, corporate profits have reached record-levels while over 500 million people entered extreme poverty. &nbsp;

Karl Schwab, the WEF's founder, champions globalisation. In a 2017 article, he argued that globalisation has pulled over a billion people out of poverty. &nbsp;

But he did agree that “in its present form, globalisation is no longer fit for purpose in our current context.” &nbsp;

Data also points to the gradual decline of 'neoliberal' globalisation – of the kind&nbsp;often associated with the WEF.&nbsp;

Global trade, as a percentage of the world's Gross Domestic Product, is now at levels seen in 2008, when the global financial crisis disrupted&nbsp;the economic growth engine.&nbsp;

The ongoing US-China trade war, along with the tensions in West Asia and on the edge of Europe, are only going to make matters worse.&nbsp;

WEF organisers have also emphasised the attendance of key leaders from the 'Global South' – a term used for developing countries. &nbsp;

India, which aims to lead the ‘Global South’, will make make its presence felt at Davos. Several Indian states, including Maharashtra, Tamil Nadu and Karnataka, will pitch themselves as an investment destination. &nbsp;

Apart from India, the African continent will expand its presence this year, aiming to foster greater collaboration with the developed world. &nbsp;

The Davos summit provides a global platform for the ‘Global South’ to woo the world’s biggest corporations.&nbsp;

Nevertheless, previous meetings have not resulted in any meaningful investment in countries needing it badly. &nbsp;

This year's theme reflects the changing dynamics of the world, where geopolitics is increasingly dictating trade and economics. &nbsp;

Terms like ‘de-globalisation’, trade fragmentation and ‘nearshoring’ are becoming a&nbsp;reality. But is the World Economic Forum adapting to the changes? &nbsp;

The world will find out over the next five days.&nbsp;

The global elite gather at Davos for the World Economic Forum (WEF) summit against the most complex backdrop so far. The theme this year is 'rebuilding trust', which will focus on the increasingly fractured world.

The global elite gather at Davos for the World Economic Forum (WEF) summit against the most complex backdrop so far. The theme this year is 'rebuilding trust', which will focus on the increasingly fractured world. Geopolitical tensions, the rise of Artificial Intelligence, the ongoing economic slowdown and the climate emergency will be the top discussion points, when global leaders meet from January 15th to the 19th. President Borge Brende expects much of this year's focus to be high-level diplomatic talks on the wars in Ukraine and West Asia. “We will make sure that we bring together the right people ... To see how we can solve this very challenging world,” Brende said. The annual meeting gives insight to the minds of global leaders, who decide the social, political and economic trajectories of their countries. Yet, the Davos summit continues to attract criticism for being an ‘elite’ talking shop, disconnected to the grim realities of the outside world. To begin with, the annual meeting remains a 'by invitation only' event. World Economic Forum members can attend the event for free. But membership rates start from $69,000 and reach up to $600,000 for the corporate world. That is not all. Estimates peg the cost of travel and stay at over $300,000 for the week, something the general public cannot afford. Visuals of many attendees jet-setting to the meeting – many of them talk about climate change and sustainability – have attracted criticism. Last year, Greenpeace activists slammed attendees for the “distasteful master class in hypocrisy”. The summit ends up being a holiday tour for the elite, with negligible returns. For over a decade now, every Davos meeting raises one big question - is the annual summit losing relevance as the world turns more uncertain? The war in Ukraine has dominated the last two World Economic Forum meetings, with very little change to the situation. Ukraine President Volodymyr Zelensky is again expected to make a speech. But it is unclear if any Russian officials would attend. On the economic front, the event has continued amid the COVID-19 pandemic, economic slowdown & sky-rocketing inflation. In the same period, corporate profits have reached record-levels while over 500 million people entered extreme poverty. Karl Schwab, the WEF's founder, champions globalisation. In a 2017 article, he argued that globalisation has pulled over a billion people out of poverty. But he did agree that “in its present form, globalisation is no longer fit for purpose in our current context.” Data also points to the gradual decline of 'neoliberal' globalisation – of the kind often associated with the WEF. Global trade, as a percentage of the world's Gross Domestic Product, is now at levels seen in 2008, when the global financial crisis disrupted the economic growth engine. The ongoing US-China trade war, along with the tensions in West Asia and on the edge of Europe, are only going to make matters worse. WEF organisers have also emphasised the attendance of key leaders from the 'Global South' – a term used for developing countries. India, which aims to lead the ‘Global South’, will make make its presence felt at Davos. Several Indian states, including Maharashtra, Tamil Nadu and Karnataka, will pitch themselves as an investment destination. Apart from India, the African continent will expand its presence this year, aiming to foster greater collaboration with the developed world. The Davos summit provides a global platform for the ‘Global South’ to woo the world’s biggest corporations. Nevertheless, previous meetings have not resulted in any meaningful investment in countries needing it badly. This year's theme reflects the changing dynamics of the world, where geopolitics is increasingly dictating trade and economics. Terms like ‘de-globalisation’, trade fragmentation and ‘nearshoring’ are becoming a reality. But is the World Economic Forum adapting to the changes? The world will find out over the next five days.

Davos Summit 2024: World Economic Forum enters its most difficult year to date 

The World Economic Forum (WEF) warned on Wednesday (Jan&nbsp;10) that artificial intelligence (AI) driven misinformation and disinformation will pose great global risk this year and the next, especially, with elections lined-up in major countries and economies. In its Global Risks Report 2024, the WEF has also warned of challenges and threats due to war, climate change and cost-of-living crisis. The report has been released ahead of annual meeting of political and business elites in Davos which is due to take place next week.

"Misinformation and disinformation are biggest short-term risks, while extreme weather and critical change to Earth systems are greatest long-term concern," the report said.

"Concerns over a persistent cost-of-living crisis and the intertwined risks of AI-driven misinformation and disinformation, and societal polarization dominated the risks outlook for 2024," it added.&nbsp;

Misinformation is incorrect information while disinformation is false information spread with an aim of deceiving people.

Watch | Israel-Hamas War: Israel ramps up attacks despite mounting pressure

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/israel-hamas-war-israel-ramps-up-attacks-despite-mounting-pressure-678747/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

In its report, WEF also noted that "with several live conflicts under way, underlying geopolitical tensions and corroding societal resilience risk are creating conflict contagion".

For the WEF survey, more than 1400 global risk experts, industry leaders and policymakers were surveyed in September.

The report said that "emerging as the most severe global risk anticipated over the next two years, foreign and domestic actors alike will leverage misinformation and disinformation to further widen societal and political divides".

Also Read | <a href="https://www.wionews.com/world/us-in-favour-of-tangible-steps-for-palestinian-state-blinken-tells-abbas-678690">US in favour of 'tangible steps' for Palestinian state, Blinken tells Abbas</a>

National elections are due in major economies like the United States, India, the United Kingdom, Indonesia and Mexico which will cumulatively see three billion people casting their votes.

Also Read | <a href="https://www.wionews.com/world/ukraines-zelensky-arrives-in-lithuania-on-visit-to-baltic-allies-with-focus-on-war-eu-integration-678656">Ukraine’s Zelensky arrives in Lithuania on visit to Baltic allies with focus on war, EU integration</a>

With this in mind the WEF has warned that &nbsp;"the widespread use of misinformation and disinformation, and tools to disseminate it, may undermine the legitimacy of newly elected governments".

The upcoming Davos talks are expected to be dominated by military conflict such as Israel-Hamas War and Ukraine war. US Secretary of State Antony Blinken, Israeli President Isaac Herzog and leaders from West Asian countries are expected to attend the gathering.

(With inputs from agencies)

The World Economic Forum (WEF) warned on Wednesday (Jan 10) that artificial intelligence (AI) driven misinformation and disinformation will pose great global risk this year and the next, especially, with elections lined-up in major countries and economies.

The World Economic Forum (WEF) warned on Wednesday (Jan 10) that artificial intelligence (AI) driven misinformation and disinformation will pose great global risk this year and the next, especially, with elections lined-up in major countries and economies. In its Global Risks Report 2024, the WEF has also warned of challenges and threats due to war, climate change and cost-of-living crisis. The report has been released ahead of annual meeting of political and business elites in Davos which is due to take place next week. "Misinformation and disinformation are biggest short-term risks, while extreme weather and critical change to Earth systems are greatest long-term concern," the report said. "Concerns over a persistent cost-of-living crisis and the intertwined risks of AI-driven misinformation and disinformation, and societal polarization dominated the risks outlook for 2024," it added. Misinformation is incorrect information while disinformation is false information spread with an aim of deceiving people. Watch | Israel-Hamas War: Israel ramps up attacks despite mounting pressure × In its report, WEF also noted that "with several live conflicts under way, underlying geopolitical tensions and corroding societal resilience risk are creating conflict contagion". For the WEF survey, more than 1400 global risk experts, industry leaders and policymakers were surveyed in September. The report said that "emerging as the most severe global risk anticipated over the next two years, foreign and domestic actors alike will leverage misinformation and disinformation to further widen societal and political divides". Also Read | US in favour of 'tangible steps' for Palestinian state, Blinken tells Abbas National elections are due in major economies like the United States, India, the United Kingdom, Indonesia and Mexico which will cumulatively see three billion people casting their votes. Also Read | Ukraine’s Zelensky arrives in Lithuania on visit to Baltic allies with focus on war, EU integration With this in mind the WEF has warned that "the widespread use of misinformation and disinformation, and tools to disseminate it, may undermine the legitimacy of newly elected governments". The upcoming Davos talks are expected to be dominated by military conflict such as Israel-Hamas War and Ukraine war. US Secretary of State Antony Blinken, Israeli President Isaac Herzog and leaders from West Asian countries are expected to attend the gathering. (With inputs from agencies)

WEF warns AI-driven disinformation may pose risk to elections around the world

The World Economic Forum (WEF) has identified Seoul, Dubai, and Santa Monica as the leading cities in the growing metaverse sector, as per a report by technology intelligence firm ABI Research. <o:p></o:p>

The report anticipates that nearly 700 cities worldwide will embrace metaverse infrastructure by 2030. WEF highlighted the advantages of cities exploring the metaverse, citing potential cost savings in urban infrastructure design and operation. The metaverse also offers a pathway for cities to gain 'political capital' by fostering tech-friendly communities.<o:p></o:p>

In Santa Monica, the metaverse has manifested through FlickPlay, a social media app enabling users to navigate the city virtually. FlickPlay encourages users to explore less-traveled areas, creating economic activity and reducing crime. <o:p></o:p>

In Dubai, the metaverse plays a pivotal role in the city's economic growth campaign, aiming to become one of the world's top cities in terms of GDP. Dubai plans to attract 1,000 firms in blockchain and metaverse sectors and host over 40,000 Web3 professionals in the next seven years. The WEF report noted that over 50 per cent of Dubai consumers are eager to create and monetise metaverse content.<o:p></o:p>

Seoul's metaverse expansion is government-backed, with South Korea committing $180 million to develop a national metaverse ecosystem. Metaverse Seoul, in its initial phase, offers an urban metaverse app for residents to play games, explore attractions, and complete tasks. Seoul's future metaverse plans include connecting local industries with foreign investors and integrating virtual and augmented reality into the city's infrastructure. The WEF report emphasises the Korean government's dedication to fostering metaverse growth.<o:p></o:p>

Despite challenges faced by the metaverse sector, including consecutive losses in Meta's metaverse-dedicated unit, industry leaders like Mark Zuckerberg remain optimistic. 

The global metaverse market, estimated at $65.5 billion in 2022, is expected to reach $82 billion in 2023 and surge to an impressive $936.6 billion by 2030, according to Statista. As cities worldwide invest in metaverse infrastructure, the sector's projected growth aligns with the continued enthusiasm and commitment from influential figures like Zuckerberg.<o:p></o:p>

WATCH WION LIVE HERE

<iframe allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="350" src="https://www.wionews.com/live-tv/embed?autoplay=1&amp;mute=1" width="100%"></iframe>

The World Economic Forum (WEF) has identified Seoul, Dubai, and Santa Monica as the leading cities in the growing metaverse sector, as per a report by technology intelligence firm ABI Research.

The World Economic Forum (WEF) has identified Seoul, Dubai, and Santa Monica as the leading cities in the growing metaverse sector, as per a report by technology intelligence firm ABI Research. The report anticipates that nearly 700 cities worldwide will embrace metaverse infrastructure by 2030. WEF highlighted the advantages of cities exploring the metaverse, citing potential cost savings in urban infrastructure design and operation. The metaverse also offers a pathway for cities to gain 'political capital' by fostering tech-friendly communities. In Santa Monica, the metaverse has manifested through FlickPlay, a social media app enabling users to navigate the city virtually. FlickPlay encourages users to explore less-traveled areas, creating economic activity and reducing crime. In Dubai, the metaverse plays a pivotal role in the city's economic growth campaign, aiming to become one of the world's top cities in terms of GDP. Dubai plans to attract 1,000 firms in blockchain and metaverse sectors and host over 40,000 Web3 professionals in the next seven years. The WEF report noted that over 50 per cent of Dubai consumers are eager to create and monetise metaverse content. Seoul's metaverse expansion is government-backed, with South Korea committing $180 million to develop a national metaverse ecosystem. Metaverse Seoul, in its initial phase, offers an urban metaverse app for residents to play games, explore attractions, and complete tasks. Seoul's future metaverse plans include connecting local industries with foreign investors and integrating virtual and augmented reality into the city's infrastructure. The WEF report emphasises the Korean government's dedication to fostering metaverse growth. Despite challenges faced by the metaverse sector, including consecutive losses in Meta's metaverse-dedicated unit, industry leaders like Mark Zuckerberg remain optimistic. The global metaverse market, estimated at $65.5 billion in 2022, is expected to reach $82 billion in 2023 and surge to an impressive $936.6 billion by 2030, according to Statista. As cities worldwide invest in metaverse infrastructure, the sector's projected growth aligns with the continued enthusiasm and commitment from influential figures like Zuckerberg. WATCH WION LIVE HERE

Global Metaverse Leaders Emerge: Seoul, Dubai, and Santa Monica spearhead WEF report's list

Even as the world grapples with an economic slowdown, India, the fastest-growing G20 economy, is set to achieve unparalleled success this year,&nbsp;Borge Brende, President of the World Economic Forum, has said.

India's economy is witnessing an extraordinary phenomenon known as the famous 'snowball effect', propelling it to the forefront of global growth, Brende said during his brief visit to New Delhi.

Applauding&nbsp;India's growth trajectory and reform-oriented administration, Brende has predicted exponential growth, increased job opportunities, and the eradication of poverty in India.&nbsp;"India's growth will lead to more investments, more jobs...When the snowball starts to roll, it gets bigger and bigger, and that is what is happening with the Indian economy." Brende told Press Trust of India in an interview.

'Snowball effect' refers to any action or occurrence that grows from being unimportant to something bigger and more significant.&nbsp;It occurs when a single action or event sparks a chain reaction of many comparable or even more significant ones.

Brende, a former Norwegian minister, commended India's entrepreneurial spirit, free speech, and status as the world's largest democracy.&nbsp;He highlighted that India has more of a broad ecosystem of startups than in any other developing country and that is growing.&nbsp;

The World Economic Forum has projected&nbsp;India's economic growth to reach nearly 6 percent this year, surpassing other major economies worldwide. The United Nations has also released a report predicting robust economic expansion for India, with 5.8 percent growth in 2023 and 6.7 percent in 2024. These predictions have been fueled by the resilient domestic demand.

Sustaining the current rate of economic growth must be India's priority, he said. "Investing more in infrastructure, connecting different regions even better and India needs more investment in education, upskilling, reskilling and right skilling in the years to come," he said.&nbsp;

He added that India's prudent handling of the COVID-19 pandemic, with a well-balanced approach to stimulus measures and fiscal discipline, has set&nbsp;it apart from other nations that are grappling with debt.

(With inputs from agencies)&nbsp;

Even as the world grapples with an economic slowdown, India, the fastest-growing G20 economy, is set to achieve unparalleled success this year, Borge Brende, President of the World Economic Forum, has said.

Even as the world grapples with an economic slowdown, India, the fastest-growing G20 economy, is set to achieve unparalleled success this year, Borge Brende, President of the World Economic Forum, has said. India's economy is witnessing an extraordinary phenomenon known as the famous 'snowball effect', propelling it to the forefront of global growth, Brende said during his brief visit to New Delhi. Applauding India's growth trajectory and reform-oriented administration, Brende has predicted exponential growth, increased job opportunities, and the eradication of poverty in India. "India's growth will lead to more investments, more jobs...When the snowball starts to roll, it gets bigger and bigger, and that is what is happening with the Indian economy." Brende told Press Trust of India in an interview. 'Snowball effect' refers to any action or occurrence that grows from being unimportant to something bigger and more significant. It occurs when a single action or event sparks a chain reaction of many comparable or even more significant ones. Brende, a former Norwegian minister, commended India's entrepreneurial spirit, free speech, and status as the world's largest democracy. He highlighted that India has more of a broad ecosystem of startups than in any other developing country and that is growing. The World Economic Forum has projected India's economic growth to reach nearly 6 percent this year, surpassing other major economies worldwide. The United Nations has also released a report predicting robust economic expansion for India, with 5.8 percent growth in 2023 and 6.7 percent in 2024. These predictions have been fueled by the resilient domestic demand. Sustaining the current rate of economic growth must be India's priority, he said. "Investing more in infrastructure, connecting different regions even better and India needs more investment in education, upskilling, reskilling and right skilling in the years to come," he said. He added that India's prudent handling of the COVID-19 pandemic, with a well-balanced approach to stimulus measures and fiscal discipline, has set it apart from other nations that are grappling with debt. (With inputs from agencies)

Snowballing to success: World Economic Forum bets on India’s growth story

If you are a college student or just about to enter college or someone who is trying to switch careers then this report is for you. The latest World Economic Forum (WEF) report based on a survey of over 800 companies tells us about the hottest jobs across the world in next five years.

What are top jobs for next 5 yrs? Report says major job churn likely in these years

A majority of Chief Economists at the World Economic Forum believe that a global recession is likely in 2023. What does this mean for you and the global energy prices? Also, how can you prepare for a recession? Listen in to Vikram Chandra.

This World: The rising fear of a global recession

On Thursday, 20-year-old climate activist Greta Thunberg spoke on the sidelines in the World Economic Forum in Davos, Switzerland and she accused those present at the summit of the global climate crisis.

WION Climate Tracker: Energy firms will keep 'throwing people under the bus', says Greta Thunberg

Politicians and business delegates from across the world are meeting at Davos for the WEF Summit, but many prominent figures are absent. Is the summit losing its significance and relevance? Molly Gambhir reports.

Gravitas: Is the WEF summit's relevance fading?

Philippines President Ferdinand Marcos, Jr previewed his multibillion-dollar sovereign wealth fund during a soft-launch at the World Economic Forum in Davos, Switzerland.

WION Fineprint | Marcos Jr promotes wealth fund at Davos 2023

Wef, News on Wef, stories on Wef, articles on Wef, Wef stories at Wion, Wef news, Wef latest news