Davos 2023: What you need to know about the WEF on Monday
The Hindu
The first winter session of WEF in three years was overshadowed by the impending recession ahead for businesses and governments in 2023
The World Economic Forum (WEF) returned to Davos for its first winter session in three years with high expectations. Record numbers of government officials and business leaders were expected at the elite annual affair.
However, the shadow of impending recession hung over the snow-covered Swiss ski resort as two surveys warned of trouble ahead for businesses and governments in 2023.
A survey of CEO attitudes by PwC was the gloomiest since the "Big Four" auditor launched the poll a decade ago, marking a significant shift from optimistic outlooks in 2021 and 2022.
Davos attendees told Reuters that few sectors expect to be immune from the impending storm clouds.
South Africa's president Cyril Ramaphosa pulled out of the event, saying he had to stay at home to address an ongoing energy crisis.
The status of Swedish climate activist Greta Thunberg's attendance at Davos is a hot topic of conversation. Already, a Thunberg-sponsored "cease and desist" campaign is gaining steam on social media with accusations that the oil firms have hijacked the climate debate.
Manchester United Football Club set out a dazzling shop front on the Davos high street but insisted its lounge was to entertain clients and partners rather than to attract buyers.
Trump demands Venezuela return seized U.S. oil assets, justifying a blockade amid ongoing tensions over drug trafficking and nationalization.
U.S. Senate confirms Jared Isaacman as NASA administrator, emphasizing urgency in lunar exploration and Mars missions amid competition with China.
Two Indians, misled into military service in Ukraine, killed; their bodies returned to Delhi, raising concerns over recruitment practices.
Taiwan reports China's new aircraft carrier, Fujian, transited the Taiwan Strait amid ongoing military pressure from Beijing.
Japan's PM Takaichi emphasizes openness to dialogue with China amid ongoing diplomatic tensions over Taiwan.
Indian Army apprehends Pakistani woman crossing LoC after family argument, highlighting tensions in Poonch district.
MEA summons Bangladesh High Commissioner amid rising tensions over a planned protest against Indian interference in Bangladesh politics.
Investigators release new video of a possible Brown University shooter, seeking public help in identifying the suspect.
The Philippines denies claims of terrorist training following Bondi gunmen's visit, citing lack of evidence and recent military assessments.
Trump's upcoming address on December 17 will highlight his achievements and outline future policies amidst economic criticism.
MIT professor Nuno F.G. Loureiro was fatally shot at home, prompting an ongoing homicide investigation by authorities.
The U.S. threatens countermeasures against the EU over perceived discriminatory tech regulations impacting American companies.
Australia mourns the victims of the Bondi Beach attack, including beloved rabbi Eli Schlanger, at a heartfelt funeral service.