The global elite gather at davos for the World Economic Forum (WEF) against the most complex backdrop so far. This year, they will deliberate on issues like a challenging global economic picture amid wars in West Asia and Ukraine. But is the summit losing relevance as the world turns more & more uncertain? Look at this report to find out…

Global elite gather at Davos against the most complex backdrop

The World Economic Forum's annual Global Risks Report is a window into the collective anxieties of our planet. This year's edition, launched in January 2024, paints a picture of a world teetering on a tightrope, facing a precarious balance between immediate challenges and long-term existential threats.

Fake news takes centre stage

In the short term, the report identifies misinformation and disinformation as the biggest concern. With major elections looming in several countries, the potential for social unrest fueled by manipulated narratives is a clear and present danger. Imagine a world where truth becomes a casualty in the battle for clicks and shares, where fabricated headlines and deepfakes sway public opinion and exacerbate societal divisions. This is the chilling prospect that haunts the near future, warns the World Economic Forum report.

The long shadow of Environmental peril

But while the immediate firestorm of misinformation demands attention, the report also warns of a slow-burning inferno on the horizon – environmental degradation. Extreme weather events like floods, droughts, and heatwaves are predicted to become more frequent and intense, pushing vulnerable communities to the brink. Biodiversity loss and ecosystem collapse threaten food security and disrupt natural cycles, creating a domino effect with far-reaching consequences.

A multipolar maze: Cooperation or chaos?

Complicating the picture is the emergence of a multipolar world order. With traditional power structures shifting, the report predicts a future where middle and great powers compete for influence, potentially hindering global cooperation on pressing issues like climate change and pandemic preparedness. The question is - Can we navigate this complex labyrinth of competing interests, or will it lead to isolationism and escalating tensions?

A glimmer of hope

Despite the daunting challenges, the report doesn't paint a picture of inevitable doom. It emphasises the importance of building resilience at all levels – individual, societal, and global. Investing in digital literacy campaigns to combat misinformation, fostering international cooperation on environmental initiatives, and strengthening social safety nets are all crucial steps towards a more secure and sustainable future.

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The World Economic Forum's annual Global Risks Report is a window into the collective anxieties of our planet. This year's edition, launched in January 2024, paints a picture of a world teetering on a tightrope, facing a precarious balance between immediate challenges and long-term existential threats.

The World Economic Forum's annual Global Risks Report is a window into the collective anxieties of our planet. This year's edition, launched in January 2024, paints a picture of a world teetering on a tightrope, facing a precarious balance between immediate challenges and long-term existential threats. Fake news takes centre stage In the short term, the report identifies misinformation and disinformation as the biggest concern. With major elections looming in several countries, the potential for social unrest fueled by manipulated narratives is a clear and present danger. Imagine a world where truth becomes a casualty in the battle for clicks and shares, where fabricated headlines and deepfakes sway public opinion and exacerbate societal divisions. This is the chilling prospect that haunts the near future, warns the World Economic Forum report. The long shadow of Environmental peril But while the immediate firestorm of misinformation demands attention, the report also warns of a slow-burning inferno on the horizon – environmental degradation. Extreme weather events like floods, droughts, and heatwaves are predicted to become more frequent and intense, pushing vulnerable communities to the brink. Biodiversity loss and ecosystem collapse threaten food security and disrupt natural cycles, creating a domino effect with far-reaching consequences. A multipolar maze: Cooperation or chaos? Complicating the picture is the emergence of a multipolar world order. With traditional power structures shifting, the report predicts a future where middle and great powers compete for influence, potentially hindering global cooperation on pressing issues like climate change and pandemic preparedness. The question is - Can we navigate this complex labyrinth of competing interests, or will it lead to isolationism and escalating tensions? A glimmer of hope Despite the daunting challenges, the report doesn't paint a picture of inevitable doom. It emphasises the importance of building resilience at all levels – individual, societal, and global. Investing in digital literacy campaigns to combat misinformation, fostering international cooperation on environmental initiatives, and strengthening social safety nets are all crucial steps towards a more secure and sustainable future. WATCH WION LIVE HERE

Global risks in focus: Disinformation tops short-term threats, Environmental catastrophe looms large

In the quest for a sustainable future, the World Economic Forum's ‘Net-Zero Industry Tracker’ 2023 Edition released on Tuesday, sheds light on the developments and challenges in emission-intensive industrial sectors worldwide. With a keen focus on key players in production, energy, and transport, this report unveils a comprehensive analysis of the industries responsible for over 40 per cent of global greenhouse gas emissions.&nbsp;

The Global Landscape: A critical 40 per cent &nbsp;

Process- and energy-related emissions from sectors such as steel, cement, aluminium, oil and gas, aviation, shipping, and trucking collectively contribute to more than 40 per cent of global greenhouse gas emissions, surpassing those of any individual country. Transparency in their progress becomes imperative for timely interventions and ensuring we remain on course for net-zero emissions by 2050.&nbsp;

Pathways to Net-Zero: A blend of solutions&nbsp;

The journey to net-zero varies across sectors, but a common thread emerges — a combination of electrification (clean power), clean hydrogen, and fossil fuels abated by carbon capture utilisation and storage (CCUS) form the bedrock of industrial decarbonisation. However, a robust enabling environment is crucial, supported by a standardised conceptual framework, to meet sector-specific decarbonisation objectives.&nbsp;

Five Key Takeaways from the 2023 Tracker&nbsp;

1. Technology: Gradual growth demands rapid acceleration&nbsp;

Low-emission technologies are making strides, with promising early signs in sectors like aluminium and trucking. However, a significant acceleration is needed to support commercial deployment by 2030. Prioritising material circularity, recycling, and transition fuels can bridge the gap until technologies become more widely available.&nbsp;

2. Infrastructure: Balancing financing needs and investments&nbsp;

Financing requirements for low-emission technologies are substantial, overshadowed by larger infrastructure investments. Clean hydrogen, CCUS, and electrification dominate, emphasising the need for shared infrastructure hubs to accelerate decarbonisation, especially in remote locations.&nbsp;

3. Demand: Navigating the green premium&nbsp;

Standardised definitions for low-emission products gain consensus, signalling early market demand across sectors. Challenges like reporting standards, supply chain instability, and transparency gaps persist, with business-to-business (B2B) green premiums largely untested at scale.&nbsp;

4. Policy: A shifting landscape demands global alignment&nbsp;

Evolution in policy landscapes, driven by industrial initiatives in select countries, bolsters investment. However, the risk of concentrating industrial activity in developed nations necessitates multilateral cooperation. Global alignment on emissions reduction requirements and policies tailored to individual country needs are imperative.&nbsp;

5. Capital: A call for investment in sustainable solutions&nbsp;

Sectors need approximately $11 trillion in additional investments for clean energy adoption and legacy asset retrofitting. Strong business cases are lacking, emphasising the need for market-stabilising policies and companies embedding decarbonisation into their strategies to attract capital.&nbsp;

Charting the course to net-zero&nbsp;

Achieving net-zero emissions requires a multi-faceted approach across production, energy, and transport sectors. The 2023 tracker report recognises progress but underscores the need for collaborative efforts, aligning demand, policy incentives, capital, and infrastructure expansion. As industries navigate this net-zero frontier, innovative collaborations and leveraging enabling levers can pave the way for a greener, more resilient, and prosperous future. The report acknowledges the challenges but emphasises the global industrial community's positive trajectory towards a sustainable tomorrow.&nbsp;

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In the quest for a sustainable future, the World Economic Forum's ‘Net-Zero Industry Tracker’ 2023 Edition released on Tuesday, sheds light on the developments and challenges in emission-intensive industrial sectors worldwide.

In the quest for a sustainable future, the World Economic Forum's ‘Net-Zero Industry Tracker’ 2023 Edition released on Tuesday, sheds light on the developments and challenges in emission-intensive industrial sectors worldwide. With a keen focus on key players in production, energy, and transport, this report unveils a comprehensive analysis of the industries responsible for over 40 per cent of global greenhouse gas emissions. The Global Landscape: A critical 40 per cent Process- and energy-related emissions from sectors such as steel, cement, aluminium, oil and gas, aviation, shipping, and trucking collectively contribute to more than 40 per cent of global greenhouse gas emissions, surpassing those of any individual country. Transparency in their progress becomes imperative for timely interventions and ensuring we remain on course for net-zero emissions by 2050. Pathways to Net-Zero: A blend of solutions The journey to net-zero varies across sectors, but a common thread emerges — a combination of electrification (clean power), clean hydrogen, and fossil fuels abated by carbon capture utilisation and storage (CCUS) form the bedrock of industrial decarbonisation. However, a robust enabling environment is crucial, supported by a standardised conceptual framework, to meet sector-specific decarbonisation objectives. Five Key Takeaways from the 2023 Tracker 1. Technology: Gradual growth demands rapid acceleration Low-emission technologies are making strides, with promising early signs in sectors like aluminium and trucking. However, a significant acceleration is needed to support commercial deployment by 2030. Prioritising material circularity, recycling, and transition fuels can bridge the gap until technologies become more widely available. 2. Infrastructure: Balancing financing needs and investments Financing requirements for low-emission technologies are substantial, overshadowed by larger infrastructure investments. Clean hydrogen, CCUS, and electrification dominate, emphasising the need for shared infrastructure hubs to accelerate decarbonisation, especially in remote locations. 3. Demand: Navigating the green premium Standardised definitions for low-emission products gain consensus, signalling early market demand across sectors. Challenges like reporting standards, supply chain instability, and transparency gaps persist, with business-to-business (B2B) green premiums largely untested at scale. 4. Policy: A shifting landscape demands global alignment Evolution in policy landscapes, driven by industrial initiatives in select countries, bolsters investment. However, the risk of concentrating industrial activity in developed nations necessitates multilateral cooperation. Global alignment on emissions reduction requirements and policies tailored to individual country needs are imperative. 5. Capital: A call for investment in sustainable solutions Sectors need approximately $11 trillion in additional investments for clean energy adoption and legacy asset retrofitting. Strong business cases are lacking, emphasising the need for market-stabilising policies and companies embedding decarbonisation into their strategies to attract capital. Charting the course to net-zero Achieving net-zero emissions requires a multi-faceted approach across production, energy, and transport sectors. The 2023 tracker report recognises progress but underscores the need for collaborative efforts, aligning demand, policy incentives, capital, and infrastructure expansion. As industries navigate this net-zero frontier, innovative collaborations and leveraging enabling levers can pave the way for a greener, more resilient, and prosperous future. The report acknowledges the challenges but emphasises the global industrial community's positive trajectory towards a sustainable tomorrow. WATCH WION LIVE HERE

Navigating the Net-Zero frontier: Insights from the World Economic Forum's industry tracker 2023

The struggle for gender inequality or rather gender parity is now centuries old but how far have we really come when we talk of bridging the gender gap? A recent report by the World Economic Forum has said that countries in East Asia and the Pacific region will take nearly about 58 years more than the global average to close the gender gap! More in this report

WEF Gender Parity Report: Progress in East Asia stagnant

In a world, where economies are struggling to grow, one nation stands out. India, the fastest-growing key economy, is poised to achieve unparalleled success this year, propelled by a remarkable phenomenon —the "famous snowball effect". As per world economic forum (WEF) president Borge Brende, India's economy is witnessing a transformative journey that promises more investments, more jobs, and exponential growth in the years to come.

World Economic Forum president bullish on India

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

The fear of recession is doing the rounds and the World Economic Forum's annual summit in Davos but not every company is overtly concerned but the Indian auto giant Mahindra Group sees no fears of economic showdown or a recession. Mahindra Group CEO Anish Shah speaks on it.

WION at Davos 2023: 'Indian firms well positioned,' says Mahindra Group CEO Anish Shah

In a first, Pakistan's minister Bilawal Bhutto Zardari had a brief interaction with Ukraine's first lady, Zelenska, on the sidelines of the World Economic Forum in Davos.

Pakistan minister Bilawal Bhutto meets Ukraine's first lady Zelenska on sidelines of WEF

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.

Greta Thunberg discusses climate crisis in Davos; activists slam new fossil fuel investments

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

As the Russian invasion of Ukraine approaches a year, Ukrainian President Volodymyr Zelensky&nbsp;stated on Wednesday that while it took just a few seconds for Russia to launch the war, the world took several days to enforce sanctions.

During a special online address from Kyiv during the World Economic Forum Annual Meeting, he stated that if the world was hesitant when Russia invaded Cremia without any hesitation, the world must not be hesitant today.

With his wife Olena Zelenska seated in the audience, Zelensky declared that the world needed to advance more quickly than Russia.

"Supplies of Western tanks must outpace the attack by Russia," he said.

“It was not us who started the war but it has to be us who will end this war and for that, the entire world has to be united in supporting Ukraine,” he added.

Also read |&nbsp;<a href="https://www.wionews.com/world/zelenskys-advisor-quits-following-goof-up-that-ukraine-was-responsible-for-dnipro-disaster-553599">Zelensky’s advisor quits following goof-up over remarks that Ukraine was responsible for Dnipro disaster&nbsp;</a>

He claimed that for Ukraine to triumph in this war and emerge from the crisis, it needs both financial and military aid.

Zelensky&nbsp;said, "Russia has earned a place among terrorists," when asked where he saw Russia's role in the world. They must accept responsibility for their mistakes and respect the integrity of our territory. The president of Ukraine declared that all he needs to fight the war is ammunition and that he is not concerned about his personal security or desire to travel.

(With inputs from agencies)

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As the Russian invasion of Ukraine approaches a year, Ukrainian President Volodymyr Zelensky stated on Wednesday that while it took just a few seconds for Russia to launch the war, the world took several days to enforce sanctions.

As the Russian invasion of Ukraine approaches a year, Ukrainian President Volodymyr Zelensky stated on Wednesday that while it took just a few seconds for Russia to launch the war, the world took several days to enforce sanctions. During a special online address from Kyiv during the World Economic Forum Annual Meeting, he stated that if the world was hesitant when Russia invaded Cremia without any hesitation, the world must not be hesitant today. With his wife Olena Zelenska seated in the audience, Zelensky declared that the world needed to advance more quickly than Russia. "Supplies of Western tanks must outpace the attack by Russia," he said. “It was not us who started the war but it has to be us who will end this war and for that, the entire world has to be united in supporting Ukraine,” he added. Also read | Zelensky’s advisor quits following goof-up over remarks that Ukraine was responsible for Dnipro disaster He claimed that for Ukraine to triumph in this war and emerge from the crisis, it needs both financial and military aid. Zelensky said, "Russia has earned a place among terrorists," when asked where he saw Russia's role in the world. They must accept responsibility for their mistakes and respect the integrity of our territory. The president of Ukraine declared that all he needs to fight the war is ammunition and that he is not concerned about his personal security or desire to travel. (With inputs from agencies) WATCH WION LIVE HERE:

'Russia has earned a place among terrorists': Zelensky addresses the World Economic Forum

Addressing the annual summit hosted by the World Economic Forum, Ukrainian President Volodymyr Zelensky said that Western supply of tanks and air defence units should come more quickly and should be delivered faster than Russia was able to carry out attacks.

NATO Chief Jens Stoltenberg says "Kyiv in urgent need of arms", hints at 'heavier weapons' supply

The world is in a "sorry state" because of myriad interlinked challenges including climate change and Russia's war in Ukraine, the UN chief said at his World Economic Forum address in Davos.

WION Dispatch: UN chief warns the 'world is in a sorry state' at Davos 2023

While speaking at World Economic Forum in Davos, the Managing Director of the International Monetary Fund Kristalina Georgieva said that global growth will bottom out this year. She also added the IMF has predicted that the global growth would slow to 2.7 per cent in 2023.

WION Dispatch: Global growth rate to slow to 2.7% this year, says IMF chief at Davos 2023

Talking to WION in an exclusive interview at the sidelines of the ongoing annual summit of the World Economic Forum in&nbsp;Davos, Switzerland, Saudi Arabia Industry Minister Bandar bin Ibrahim Alkhorayef, called India “a key partner” for his country. The minister also said that the relationship between the two nations was “great” and one which Saudi “will continue to grow”.

In conversation with WION’s Business Editor Sumit Chaturvedi, the Saudi minister said that his nation was “open for business like never before”. Opening up about Riyadh’s presence at the WEF summit, he said that Saudi’s government is investor centric, and the meeting is a key venue to talk to investors and discuss the different initiatives his country offers.

Watch |&nbsp;Davos 2023: WION speaks to Saudi Arabia Industry Minister Bandar bin Ibrahim Alkhorayef

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Responding to a question about Riyadh’s push to non-oil business, like manufacturing, travel and tourism, Alkhorayef said that the nation's Vision 2030’ framework is “all about diversifying our economy,” to which “both industry and mining are great contributors”.

“In Saudi Arabia, we bet on technology to leapfrog the industrial sector much faster than anybody else, but also to create the jobs of the future for our people. We are working also to make Saudi Arabia an important hub for logistics, to be a serious player in securing the supply chain for the global community,” he added.

Saudi Arabia is one of the biggest players in the oil market globally. Recent days have seen the global economies face a battering at the hands of inflation; rising costs of oil and crude have further&nbsp;been exacerbated due to the ongoing conflict in Ukraine.

Also read |&nbsp;<a href="https://www.wionews.com/business-economy/survival-of-the-richest-for-a-more-equal-world-cut-down-number-of-billionaires-by-half-suggests-oxfam-552962">‘Survival of the Richest’: For a more equal world, cut down number of billionaires by half, suggests Oxfam</a>&nbsp;

Responding to a question about the kind of oil prices his country favours, the Saudi Industry Minister said that in his opinion the Ministry of Energy in "a very practical way", was looking at "fair pricing between supply and demand to ensure that the markets also get the quantities."

He further added that Saudi’s focus is on ensuring "the future of the commodity rather than the spot price."&nbsp;

In October of last year, Riyadh along with other OPEC+ nationsdecidedn to cut oil production. The decision was vehemently protested by the United States, with the nation’s President Joe Biden as per reports going as far as delaying military aid to Saudi.

Also read | <a href="https://www.wionews.com/business-economy/big-oil-firms-will-push-their-agenda-at-davos-say-protesting-climate-activists-553056">Big oil firms will push their agenda at Davos, say protesting climate activists</a>

The World Economic Forum’s annual meeting, which kicked off on January 16, will continue till January 20. 2,700 delegates from 130 countries are expected to convene at Davos during the mega summit.

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Talking to WION in an exclusive interview at the sidelines of the ongoing annual summit of the World Economic Forum in Davos, Switzerland, Saudi Arabia Industry Minister Bandar bin Ibrahim Alkhorayef, called India “a key partner” for his country.

Talking to WION in an exclusive interview at the sidelines of the ongoing annual summit of the World Economic Forum in Davos, Switzerland, Saudi Arabia Industry Minister Bandar bin Ibrahim Alkhorayef, called India “a key partner” for his country. The minister also said that the relationship between the two nations was “great” and one which Saudi “will continue to grow”. In conversation with WION’s Business Editor Sumit Chaturvedi, the Saudi minister said that his nation was “open for business like never before”. Opening up about Riyadh’s presence at the WEF summit, he said that Saudi’s government is investor centric, and the meeting is a key venue to talk to investors and discuss the different initiatives his country offers. Watch | Davos 2023: WION speaks to Saudi Arabia Industry Minister Bandar bin Ibrahim Alkhorayef Responding to a question about Riyadh’s push to non-oil business, like manufacturing, travel and tourism, Alkhorayef said that the nation's Vision 2030’ framework is “all about diversifying our economy,” to which “both industry and mining are great contributors”. “In Saudi Arabia, we bet on technology to leapfrog the industrial sector much faster than anybody else, but also to create the jobs of the future for our people. We are working also to make Saudi Arabia an important hub for logistics, to be a serious player in securing the supply chain for the global community,” he added. Saudi Arabia is one of the biggest players in the oil market globally. Recent days have seen the global economies face a battering at the hands of inflation; rising costs of oil and crude have further been exacerbated due to the ongoing conflict in Ukraine. Also read | ‘Survival of the Richest’: For a more equal world, cut down number of billionaires by half, suggests Oxfam Responding to a question about the kind of oil prices his country favours, the Saudi Industry Minister said that in his opinion the Ministry of Energy in "a very practical way", was looking at "fair pricing between supply and demand to ensure that the markets also get the quantities." He further added that Saudi’s focus is on ensuring "the future of the commodity rather than the spot price." In October of last year, Riyadh along with other OPEC+ nationsdecidedn to cut oil production. The decision was vehemently protested by the United States, with the nation’s President Joe Biden as per reports going as far as delaying military aid to Saudi. Also read | Big oil firms will push their agenda at Davos, say protesting climate activists The World Economic Forum’s annual meeting, which kicked off on January 16, will continue till January 20. 2,700 delegates from 130 countries are expected to convene at Davos during the mega summit. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

Exclusive | Riyadh focusing on future of oil rather than 'spot price', says Saudi Industry Minister Alkhorayef

Asia's third-largest economy India has a sizeable presence at World Economic Forum's Annual Meet which is taking place in Switzerland. The Forum has called on leaders from across the globe to address the immediate energy and food crisis. Watch to know more.

WEF Davos 2023: Resilience of the Indian Economy

The World Economic Forum's annual meeting kicks off in the city of Davos, Switzerland, from today (January 16) and will continue till January 20. 2,700 delegates from 130 countries are expected to convene at Davos during the mega summit.

Davos 2023: WION speaks to Saudi Arabia Industry Minister Bandar bin Ibrahim AlKhorayef

Actor Idris Elba and his wife Sabrina Dhowre Elba called on Monday for business and political leaders to provide more support to the world’s poorest countries in the form of investment rather than aid at World Economic Forum (WEF) in Davos, Switzerland.

Davos 2023: Idris Elba calls for investment to help world's poor

World Economic Forum 2023 Davos:&nbsp;The World Economic Forum (WEF) has announced that its annual meeting will be held in Davos, Switzerland, from 16&nbsp;January to 20 January&nbsp;2023. Davos is&nbsp;a small town in the Swiss Alps that&nbsp;attracts some of the world's wealthiest and most powerful people every year in January when the World Economic Forum meets.

The forum attracts prominent figures from all walks of life, from politicians and business owners to socialites and celebrities, who gather to discuss some of the world's most pressing issues. The event will be hosted by the World Economic Forum in cooperation with the Swiss government and the Canton of Graubünden.&nbsp;

The World Economic Forum (WEF) was founded in 1971 by Swiss-German economist and professor Klaus Schwab, who wanted to bring together global leaders to collaborate on social, economic, and political issues. It operates on the mission- 'Committed to improving the state of the world'.&nbsp;

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This year's meet will see many notable personalities from around the world including German Chancellor Olaf Scholz, NATO Secretary General Jens Stoltenberg, UN Secretary-General Antonio Guterres, IMF Managing Director Kristalina Georgieva, European Union President Ursula von der Leyen and many more.

Over 2,700 leaders from 130 countries are invited to this year's meeting in Davos.&nbsp;Laurence Fink, CEO of the American multinational investment firm BlackRock, will also attend the meeting. Ukrainian President Volodymyr Zelenskyy said that members of his government are also planning to attend the forum and that he has discussed Ukraine's reconstruction with Fink once the war is over.

Leaders from India will be present in large numbers as well. The meeting is expected to be attended by Union Ministers Ashwini Vaishnav, Mansukh Mandaviya, Smriti Irani, and RK Singh, as well as Chief Ministers Eknath Shinde, BS Bommai, and Yogi Adityanath among many others.&nbsp;

<h2>What is the World Economic Forum?</h2>

The World Economic Forum (WEF) is an annual gathering of leaders from business, politics, and academia to discuss the most pressing issues confronting the global economy.

<h2>When and where is the WEF 2023 taking place?</h2>

The WEF 2023 will take place in Davos, Switzerland from 16-20 January 2023.&nbsp;

<h2>What is the theme of this year's World Economic Forum (WEF) Davos summit?</h2>

The theme for this year's summit is 'Cooperation in a Fragmented World'.

<h2>Why this year's World Economic Forum Davos Summit is different?</h2>

This will be the&nbsp;&nbsp;World Economic Forum's first in-person winter Annual Meeting since the COVID-19 pandemic began.&nbsp;

<h2>What will be on the agenda of the World Economic Forum (WEF) Davos meeting?</h2>

The following issues will be taken into consideration in this year's meet:

1. Economics of Women's Health 
2. State of the Pandemic 
3. Putting health at the Heart of Climate Action 
4. Health System: Building through Disruption 
5. Better Health with Data 
&nbsp;

World Economic Forum 2023 Davos: The World Economic Forum (WEF) has announced that its annual meeting will be held in Davos, Switzerland, from 16 January to 20 January 2023.

World Economic Forum 2023 Davos: The World Economic Forum (WEF) has announced that its annual meeting will be held in Davos, Switzerland, from 16 January to 20 January 2023. Davos is a small town in the Swiss Alps that attracts some of the world's wealthiest and most powerful people every year in January when the World Economic Forum meets. The forum attracts prominent figures from all walks of life, from politicians and business owners to socialites and celebrities, who gather to discuss some of the world's most pressing issues. The event will be hosted by the World Economic Forum in cooperation with the Swiss government and the Canton of Graubünden. The World Economic Forum (WEF) was founded in 1971 by Swiss-German economist and professor Klaus Schwab, who wanted to bring together global leaders to collaborate on social, economic, and political issues. It operates on the mission- 'Committed to improving the state of the world'. It's day 1 of #wef23, and our first daily podcast of the week is live. Hear from @borgebrende, @LindaLacina, @KayFButterfield, Cathy Li, Joseph Tawadros and James Tawadros on what to expect.https://t.co/bNVteuAyrJ pic.twitter.com/nbBXIHXGIP — World Economic Forum (@wef) January 16, 2023 × This year's meet will see many notable personalities from around the world including German Chancellor Olaf Scholz, NATO Secretary General Jens Stoltenberg, UN Secretary-General Antonio Guterres, IMF Managing Director Kristalina Georgieva, European Union President Ursula von der Leyen and many more. Over 2,700 leaders from 130 countries are invited to this year's meeting in Davos. Laurence Fink, CEO of the American multinational investment firm BlackRock, will also attend the meeting. Ukrainian President Volodymyr Zelenskyy said that members of his government are also planning to attend the forum and that he has discussed Ukraine's reconstruction with Fink once the war is over. Leaders from India will be present in large numbers as well. The meeting is expected to be attended by Union Ministers Ashwini Vaishnav, Mansukh Mandaviya, Smriti Irani, and RK Singh, as well as Chief Ministers Eknath Shinde, BS Bommai, and Yogi Adityanath among many others. What is the World Economic Forum? The World Economic Forum (WEF) is an annual gathering of leaders from business, politics, and academia to discuss the most pressing issues confronting the global economy. When and where is the WEF 2023 taking place? The WEF 2023 will take place in Davos, Switzerland from 16-20 January 2023. What is the theme of this year's World Economic Forum (WEF) Davos summit? The theme for this year's summit is 'Cooperation in a Fragmented World'. Why this year's World Economic Forum Davos Summit is different? This will be the World Economic Forum's first in-person winter Annual Meeting since the COVID-19 pandemic began. What will be on the agenda of the World Economic Forum (WEF) Davos meeting? The following issues will be taken into consideration in this year's meet: 1. Economics of Women's Health 2. State of the Pandemic 3. Putting health at the Heart of Climate Action 4. Health System: Building through Disruption 5. Better Health with Data

World Economic Forum Davos 2023: Theme, agenda, significance, dates and all you need to know

The Global elites are gathering in Davos for the Annual Summit 2023. Last year Russia's invasion of Ukraine dominated the discourse in forum but this time, other teams are expected to form the agenda of the annual event.

WION at Davos 2023: India features prominently at WEF 2023

The annual summit of the World Economic Forum is taking place in Davos, Switzerland. The forum has called on leaders from across the globe to address immediate economic energy, food crisis as well as the ongoing climate crisis. Watch this report to know more.

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