World Economic Forum To Defer Davos Meet Over Omicron Fears

The WEF said the pandemic and existing restrictions on travel and movement "make it extremely difficult to delivery a global in-person meeting"

The World Economic Forum will defer its annual meeting in Switzerland's Davos because of continuing uncertainty over the spread of the Omicron coronavirus variant.

The summit - an annual meeting of high-profile economically powerful nations and corporate leaders - was scheduled to take place between January 17 and 21. It is now planned for early summer.

This is the second consecutive year that the Davos summit has been deferred over Covid fears; in February last year the WEF said it would be postponed by several months.

It was also rescheduled to be held in Singapore.